Featured Story

China-Based Peak Sport Products Chair Xu Jingnan Offers $310M To Take Company Private

Published in SportsBusiness Daily Global on 07 / 27 / 16

The chair of China's Peak Sport Products, which sponsors several U.S. basketball teams, "plans to take the company private" for around $310M, saying the sportswear maker's "weak share performance had hurt its reputation," according to Donny Kwok of REUTERS. Peak Sport "flagged earlier this year...

Read More

Tags: Finance, Asia

More Stories

02/09/16
Hamburg Finds New Investors

Bundesliga club Hamburg SV "has secured new investors for its football team," according to the SID. The financially struggling club has reportedly sold shares in the football department to Hamburg-based family business Burmeister and logistics billionaire Klaus-Michael Kühne. Germany's Bild rep ...

Tags: Finance, Europe

02/09/16
Government Investigating Caterham

Government investigators are "delving into the financial collapse" of the Caterham Formula One team founded by Tony Fernandes, the League Championship side Queens Park Rangers chair, according to Kevin Eason of the LONDON TIMES. Administrators handling the "winding up of the British-based team have ...

Tags: Finance, United Kingdom

02/09/16
Anta Challenging Nike In China

China has been on a "buying spree of late, and not just for Swiss agribusiness giant Syngenta," according to David Wilder of the FINANCIAL TIMES. ChemChina’s acquisition has been "forced to share the headlines with a remarkable shopping binge by China’s top football clubs, with interesti ...

Tags: Finance, China

02/09/16
AFL Gave Extra A$2M To Suns

The Australian Football League was "forced to pour in" more than A$2M in additional funding for the Gold Coast Suns in '15 "to cover a bigger than expected financial loss," according to Stensholt & Pierik of THE AGE. Documents "lodged this week with the corporate regulator" revealed the Sun ...

Tags: Finance, Australia

02/08/16
DraftKings Makes Push Into U.K.

As its industry "continues to tangle with U.S. policymakers," daily fantasy sports brand DraftKings made its "long-anticipated" int'l push with a launch Friday in the U.K., according to Philip Marcelo of the AP. The Boston-based company was granted a license by U.K. gambling regulators in Augus ...

Tags: Finance, United Kingdom

02/08/16
CSL Club Beats EPL To Sign Teixeira

The "new-found buying power of the Chinese Super League was underlined on Friday" as the Asian football transfer record was broken "for the third time in just over the week" with the €50M ($56M) signing of Alex Teixeira, according to Mark Odell of the FINANCIAL TIMES. The 26-year-old Brazilian ...

Tags: Finance, United Kingdom

02/08/16
AFL Clubs Seeking Greater Share Of TV Deal Money

The fight for a greater share of the record A$2.5B ($1.8B) "broadcast rights spoils has begun," with Australian Football League clubs pushing for the league to follow the National Rugby League and "markedly increase the amount distributed to each club," according to John Stensholt of THE AGE. The NR ...

Tags: Finance, Australia

02/05/16
CSL Spent More Than European Elite

Data revealed that China "spent more money per player than any other country during last month’s transfer window," according to Matt Hughes of the LONDON TIMES. With 30 transfers yet to be processed by FIFA’s Transfer Matching System, Chinese clubs "have moved up to third in the table of ...

Tags: Finance, United Kingdom

02/05/16
EPL Clubs Will Get Cash Boost

Premier League clubs could be offered cash bonuses of up to £10M ($14.6M) "for taking the Europa League seriously," according to Dan King of THE SUN. EPL CEO Richard Scudamore and the top clubs are "concerned England could lose its fourth Champions League spot" within two years unless the ...

Tags: Finance, Europe

02/05/16
Racquet Market To Have CAGR Of 2.32%

The global tennis racquet market is set to grow at a compound annual growth rate of 2.32% according to Technavio’s latest report. The research study segments the global tennis racquet market into the following regions: APAC, the Americas, Europe and the rest of the world. Vijay Sirathi, one of ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug