Featured Story

Hong Kong Firm Reportedly Ready To Purchase Hull City For Nearly $160M

Published in SportsBusiness Daily Global on 10 / 21 / 16

A Hong Kong-based professional services company said that it has "agreed to buy" Premier League side Hull City for £130M ($159M), according to Panja & Hellier of BLOOMBERG. GreaterChina Professional Services Ltd.’s agreement is the "latest foray" into European football by China-...

Read More

Tags: Finance, United Kingdom, Asia

More Stories

Nielsen Closes On Repucom Deal

Nielsen on Tuesday announced that it has completed its acquisition of Connecticut-based broadcast analysis firm Repucom for an undisclosed amount. Nielsen and Repucom held a global town hall from Stamford on Monday morning, notifying employees of t ...

Tags: Finance, North America

Barcelona Had $1B Impact In '14-15

A report carried out by Deloitte on Barcelona’s economic impact on the city of Barcelona during the '14-15 season reflected a significant increase in wealth generated by the club with respect to the study corresponding to the '13-14 season. The most recent study shows that Barcelona' ...

Tags: Europe, Finance

KPMG Quit FIFA Over Reform Doubts

Documents indicated that KPMG, which resigned as auditor of FIFA last week , concluded that the new leadership of world football’s governing body "was not serious about reform in the wake of a devastating corruption investigation," according to Ahmed, Agnew & Atkins of the FINANCIAL TIMES ...

Tags: Finance, Europe

Club 1872 Increases Stake In Rangers

Club 1872 has become the sixth-largest shareholder in Scottish Premiership side Rangers after purchasing more than 300,000 Ibrox shares, according to Christopher Jack of the HERALD SCOTLAND. The fan organization was formed earlier this year after several groups -- including the Rangers Supporte ...

Tags: United Kingdom, Finance

China Pro Sports Market To Hit $242B

China's professional sports industry will reportedly reach 1.6T yuan ($242B) in annual revenue by '25, "as a flood of investment chases demand for more homegrown entertainment and answers the government's call to improve the level of Chinese national teams," according to Liu Xiaojing of CAIXIN. The ...

Tags: Finance, China

Qatari Consortium Makes Bid For St. Mirren

A proposed deal to take Scottish Championship club St. Mirren into fan ownership "faces late opposition after a Middle Eastern consortium with visions of developing the club in a manner similar to Manchester City submitted a rival bid," according to Graeme Macpherson of the HERALD SCOTLAND. A combin ...

Tags: Finance, United Kingdom

Adidas' Football Investment Paying Off

Adidas expects sales of football boots, shirts and balls to rise 14% to a new record of €2.5B ($2.8B) in '16, "showing a return for spending more on partnerships with top teams and players," according to Emma Thomasson of REUTERS. The German sportswear company has long been the world's top foot ...

Tags: Finance, Europe

ASF Introduces Tax Deductible Donations

The "Bank of Mum and Dad," a major sponsor of Australian Olympic athletes, "may be soon ­superseded," according to Nicole Jeffery of THE AUSTRALIAN. The general public "can now make tax deductible donations to the Olympic and Paralympic campaigns of individual athletes through a scheme created by th ...

Tags: Finance, Australia

Vittoria Invests In Italian Start-Up Zehus

Tire manufacturer Vittoria has "further broadened its investment pool with a stake in Milan’s Zehus," a maker of a power-assist bicycle hub, according to Mark Sutton of CYCLING INDUSTRY. The Italian start-up has "enjoyed strong early industry interest, already found specced as an OEM piece on ...

Tags: Finance, Europe

Ledman Group Acquires Newcastle Jets

Football Federation Australia said on Tuesday that China’s Ledman Group purchased A-League club Newcastle Jets, according to REUTERS. The Shenzhen-based optoelectronics company, which is already a sponsor of the Chinese Super League and owns the naming rights to the Portuguese second divi ...

Tags: Asia, Australia, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug