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Anta Sports Plans $488M Sale To Fund Acquisitions Of Int'l Sportswear Brands

Published in SportsBusiness Daily Global on 03 / 23 / 17

Anta Sports Products said on Wednesday that it plans to raise HK$3.79B ($488M) "in a share sale to fund tie-ups and acquisitions" of int'l sportswear brands, according to Donny Kwok of REUTERS. The Chinese "home-grown sports brand" said that "it would sell 175 million new shares to major shareholder...

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Tags: Asia, Finance

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Finance Notes

Infront Sports & Media sold its 5% stake in Match Hospitality AG , the int'l provider of sports hospitality sales and operations based in Zurich, Switzerland. The agreement was signed at the end of '15 and closed in early June. The shares were bought by a private investor, with no relation to ...

Tags: Finance

Kering CEO Says Puma Is Not For Sale

Kering Chair & CEO François-Henri Pinault "slapped down persistent rumours that the French luxury group is preparing to sell athletics goods maker Puma, saying the group plans to hold on to its majority stake" until at least '18, according to Adam Thomson of the FINANCIAL TIMES.  ...

Tags: Europe, Finance

NZ Rugby League Reports $245K Profit

The Kiwis "continue to be a big revenue earner for the New Zealand Rugby League," according to David Long of STUFF. New Zealand Rugby League has been able to put aside NZ$300,000 ($215,000) to go toward the NZ$1.1M ($790,000) it needs "to make it through next year's Rugby League World Cup." The nati ...

Tags: Finance, Australia

Chinese Sports Investments To Increase

Euro 2016 "ignited fund inflows into the sports sector," according to Laura He of the SOUTH CHINA MORNING POST. With Chinese companies on a recent shopping spree for global sports assets, analysts expect to see an "increasing trend of capital rushing into the sector to capture business opportunities ...

Tags: Finance, China

DraftKings Boosts U.K. Player Base

U.S.-based daily fantasy sports platform DraftKings has moved to accelerate its U.K. expansion of players "with the acquisition of the player database of free-play DFS platform TransferKings," according to Paul Nicholson of INSIDE WORLD FOOTBALL. The deal will allow TransferKings players in the U.K. ...

Tags: Finance, United Kingdom

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

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