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Gao Receives China-Backed Bank Funding For Southampton Takeover

Published in SportsBusiness Daily Global on 08 / 18 / 17

Premier League side Southampton's new owner funded his £200M ($257.5M) takeover of the club "with a loan from a Chinese government-backed bank in Hong Kong," people familiar with the matter said, according to BLOOMBERG. A Chinese investor g...

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Tags: Finance, United Kingdom

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Arsenal Share Trading Raises Suspicions

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05/25/17
Court Upholds Lionel Messi's Sentence

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05/25/17
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Top officials of the Pakistan Cricket Board and the Board of Control for Cricket in India are to "meet in Dubai on May 29 and begin negotiations over the financial loss suffered by the former due to India’s constant refusal to resume bilateral series with Pakistan," according to Mohammad ...

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05/24/17
ARC Acquires Newcastle, Sunderland Tracks

Racecourse operation Arena Racing Company announced that it agreed to a deal to "acquire Newcastle and Sunderland greyhound stadiums from William Hill," according to Dominic Walsh of the LONDON TIMES. The acquisition, for an estimated sum of more than £10M ($13M), "follows the collapse at ...

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05/23/17
Kroenke Rejects Arsenal Buyout

Arsenal Majority Shareholder Stan Kroenke "ruled out selling his controlling stake" in the club after an "unsolicited offer from Uzbek-Russian billionaire Alisher Usmanov," according to Ahmed & Massoudi of the FINANCIAL TIMES. In a statement on Monday, KSE UK, the holding company for Kroenke's i ...

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05/23/17
F1 Teams Telling CEO To Protect Them

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05/22/17
Foot Locker Shares Plunge

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