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New China National Coach Marcello Lippi To Net Millions From Evergrande Academy

Published in SportsBusiness Daily Global on 10 / 24 / 16

Marcello Lippi will earn almost $5M a year as China coach but "will pocket far more through a tie-in with a football academy," according to the AFP. The 68-year-old Italian was named boss of the national team by the Chinese FA on Saturday and has the tricky goal of steering the Asian country "to qua...

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Tags: Finance, China

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Beijing: Serious About Anti-Discrimination

A senior official said that Beijing "takes seriously the Olympics anti-discrimination pledge it has signed in its bid to host the 2022 Winter Games" but denied knowledge of a recent crackdown on a prominent anti-discrimination group, according to Adam Rose of REUTERS. The IOC said last year that "i ...

Tags: Olympics, China

Foul-Mouthed Beijing Fans Under Fire

Beijing's city government "launched a campaign to try to clean up the language of fans" at the city's football club, who "are notorious for an aggressive chant at opposing teams and referees," according to Mandy Zuo of the SOUTH CHINA MORNING POST. A task force visited a Beijing Guoan away game thi ...

Tags: International Football, China

China Most Promising Market For Bayern

Bayern Munich CEO Karl-Heinz Rummenigge said that "China has become Bayern Munich's most important market" as the Bundesliga club foresees "a bright picture after the nation launched a reform plan on football," according to Zheng Daojin of XINHUA. Rummenigge stressed that China "has the greatest pot ...

Tags: Franchises, Europe, China

Lerner Will Step Down At Aston Villa

EPL club Aston Villa Owner Randy Lerner this summer "will step down" as Chair "even if he retains ownership of the club," according to Matt Dickinson of the LONDON TIMES. Lerner "still hopes to sell Villa but has already made moves to put a new board in place if no takeover is completed." Lerner sai ...

Tags: Aston Villa, ACC, ING, ATT, UPS, China, Ugg, GE

Wuhan Open Builds New $161M Stadium

The Wuhan Open is building a 1B renminbi ($161M) stadium that will "rival the size of Wimbledon’s Centre Court," according to Danielle Rossingh of BLOOMBERG. Wuhan Sports Development Investment Co. President Zhu Jianbin: "We hope we can build Wuhan into a city of tennis." Although only in its ...

Tags: Facilities, China

Abbott Sponsors Great Wall Marathon

Biotechnology firm Abbott sponsored the Great Wall Marathon in Tianjing, China, for the first time on Saturday, expanding its strategy of connecting with notable marathons it began in '14. The deal called for extensive branding on T-shirts, runners bibs, at the start/finish line and each kilometer m ...

Tags: Marketing and Sponsorship, China

CSM Wins CFA Live Feed Rights

China Sports Media Ltd. "has been awarded the rights to produce live video content" for the Chinese FA in a four-year deal, according to SOCCEREX. The agreement "will see CSM, a subsidiary of China Media Capital -- a private equity firm -- produce and distribute a raw live video feed for games invol ...

Tags: Media, China

Chinese Media Giants Back LeTV Sports

Chinese media moguls Jack Ma and Wang Jianlin "are backing new sports rights venture LeTV Sports" in a $129M funding round, according to Patrick Frater of VARIETY. Ma "is the founder and chairman of Chinese e-commerce giant Alibaba." Wang "is the founder of property to entertainment group Wanda." L ...

Tags: Media, China

Stocks For Companies With Football Ties Surge

Chinese President Xi Jinping’s plan to make China a football superpower "is winning over fans in an unlikely place: the nation’s $7.7 trillion stock market," according to BLOOMBERG. Nine listed companies with ties to the country’s football league have surged an average 158% since t ...

Tags: Finance, China

Letv Sports Website Valued At $450M

A source said that Leshi Internet Information & Technology Corp.’s sports affiliate "completed a round of funding that valued the video-streaming business" at about $450M, according to Lulu Yilun Chen of BLOOMBERG. Letv Sports Culture Develop (Beijing) Co. raised more than $100M to fund ...

Tags: Media, China

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