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Hong Kong-Based Investors Complete Takeover Of Birmingham City, Value Club At $15M

Published in SportsBusiness Daily Global on 10 / 18 / 16

The new Chinese owners of League Championship side Birmingham City "have vowed to take the English club 'from strength to strength' after becoming the latest Asian group to invest in European football," according to Paul McClean of the FINANCIAL TIMES. Trillion Trophy Asia, a group controlled by Hon...

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Tags: Finance, United Kingdom, China

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Chinese Football Still Needs Grassroots

China is "in the midst of a national football boom, investing billions of dollars in an effort to realise President Xi Jinping’s dreams of hosting, and one day winning, the World Cup," according to the AFP. China, long an "avid consumer of foreign football such as the English Premier League, i ...

Tags: International Football, China

Hong Kong Should Build More Facilities

Organizers of the weekend’s C3fit Action Asia Challenge "hailed Hong Kong’s first-ever professionally designed mountain-bike trail at Tai Lam Country Park and called on the government to build more world-class facilities" for adventure enthusiasts, according to Nazvi Careem of the SOUTH ...

Tags: Facilities, China

China Aims To Reach $460B By 2020

China's five-year sports development plan states that the country's sports industry will amount to more than 3T yuan ($460B) by the end of '20, according XINHUA. The plan issued by China's State General Administration of Sports said, "China's overall sports industry turnout will be amounting to more ...

Tags: Finance, China

Weibo Sees 18% Growth In Sports

China’s leading social media platform Weibo "has seen an 18% growth in sports teams, leagues and players using the site" -- there are now 1,200 official sports organizations on the platform, according to Paul Nicholson of INSIDE WORLD FOOTBALL. The most popular football team on Weibo is 2015 A ...

Tags: Media, China

Chinese Brand Looks Like Under Armour

If "imitation is the sincerest form of flattery, then a Chinese knockoff brand just gave Baltimore-based athletic apparel giant Under Armour the ultimate compliment," according to Kelyn Soong of the WASHINGTON POST. Though "it does not appear Under Armour sees it that way." Chinese sports apparel co ...

Tags: Marketing and Sponsorship, China

Guangzhou Evergrande Announces Deficit

The "cost of winning has caught up" with Chinese Super League side Guangzhou Evergrande Taobao FC, which has revealed a "staggering" loss of 953M yuan ($147M) for the year ended '15, according to Paul Nicholson of INSIDE WORLD FOOTBALL. The loss "is more than 2.5 times the club’s revenue which ...

Tags: Finance, China

Rio Expecting More Chinese Investment

The Rio Olympics, which will kick off in 100 days, "expects more Chinese firms to invest and sponsor amid political and economic troubles in Brazil," according to XINHUA. Rio Mayor Eduardo Paes "welcomes more support and investment from China." Paes said, "China has always been a trusted and key par ...

Tags: Olympics, China, Brazil

Now TV Offering Euro 2016, Copa America

Now TV "appears to have struck the latest blow in the battle" over paid-TV football broadcasts with the announcement that it will broadcast Euro 2016, according to Chan Kin-wa of the SOUTH CHINA MORNING POST. There was speculation LeEco, which was reported to have spent a "staggering" $600M to ...

Tags: Media, China

Chinese Court Hears 'Jumpman' Lawsuit

China's highest court on Tuesday "tried the trademark case lodged by U.S. basketball legend Michael Jordan against a Chinese sportswear firm," according to XINHUA. Tuesday's trial "featured the court investigation, debates and final statements." A verdict "has not yet been made." Jordan, who retired ...

Tags: Finance, China

WADA Suspends Beijing Anti-Doping Lab

WADA suspended the accreditation of Beijing's National Anti-Doping laboratory on Thursday, "weeks after launching a probe into drugs allegations in Chinese swimming," according to Brenda Goh of REUTERS. The laboratory, suspended for a maximum of four months, "has 21 days to appeal the decision ...

Tags: Leagues and Governing Bodies, China

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