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French Ski Companies Announce Chinese Winter Sports Contracts

Published in SportsBusiness Daily Global on 02 / 21 / 17

Two French ski companies announced deals with Chinese firms to "help to develop ski resorts in China," where winter sports are "becoming popular" ahead of the 2022 Beijing Winter Olympics, according to Alan Charlish of REUTERS. Ski-resort equipment maker Montagne et Neige Developpement agreed to a "...

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Tags: Asia, Europe, Finance

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CSL Side Guoan Worth More Than $800M

Chinese Super League side Beijing Guoan has been sold to a local property developer at an equity valuation of more than $800M, "suggesting it is worth more than European giants such as AC Milan and Atlético Madrid," according to Bland & Ahmed of the FINANCIAL TIMES. The high price put on ...

Tags: Finance, Europe, China

Everton, Fulham Sign With SportsRISQ

SportsRISQ, the London-based company that provides structured finance products to the sports sector, has signed English Premier League club Everton and League Championship side Fulham to its new platform, the RISQ performance dashboard, a new business intelligence tool designed for football club exe ...

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Wales Rugby Players Could Earn Windfall

Wales rugby players "could rake in" more than £80,000 ($101,000) each if interim head coach Rob Howley’s team completes a Six Nations Grand Slam this year, according to Andy Howell of WALES ONLINE. That is "the amount the likes of new skipper Alun Wyn Jones and Leigh Halfpenny will ...

Tags: Finance, United Kingdom

Whistle Sports Raises $27.5M In Funding

Venture and growth investor Beringea has put $4.6M into Whistle Sports, a digital entertainment media company. The investment is part of Whistle Sports' recently-concluded Series C round of funding, with Beringea joining sports broadcasting and digital media companies in a round worth $27.5M in tota ...

Tags: Finance, United Kingdom

Finance Notes

Former Brazilian footballer Ronaldo invested in CNB , a Brazilian esports organization . Confirmed in a statement on his Facebook page, the 2002 FIFA World Cup winner " acquired 50% of the team together with poker player Andre Akkari." Founders Cleber Fonseca, Carlos Junior and shareholder Igor ...

Tags: Finance

Manor F1 Team In Need Of $625,000

Administrators for the Manor Formula 1 team said that talks with interested parties "have intensified but a firm financial commitment has yet to be secured as a deadline looms," according to Alan Baldwin of REUTERS. Manor needs at least £500,000 ($625,000) to pay salaries, prepare th ...

Tags: Finance, United Kingdom

Steve Gibson Rejects £50M Takeover

Premier League side Middlesbrough Owner Steve Gibson rejected a takeover attempt by a Chinese-American billionaire consortium "after they made a formal offer following talks in the North East," according to Morshead & Hope of the London DAILY MAIL. Chinese businessman Chien Lee -- the owner of F ...

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Chinese Government Doubts CSL Model

The Chinese government has decided to "crack down" on what it calls "irrational investment" in overseas players, according to Bland, Hancock & Wildau of the FINANCIAL TIMES. It fears Chinese Super League club owners, "many of whom are heavily indebted property developers," are paying "far too mu ...

Tags: Asia, Finance

F1 Teams Snubbing Share Offer

Formula 1 racing teams have "shunned" a $1.1B share offer as part of a $4.4B takeover of the sport by U.S. media company Liberty Media, according to Sylte & Reid for the London DAILY MAIL. The 11 teams -- which include top racing names such as Red Bull, Ferrari and McLaren -- will "now buy at mo ...

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U.S. Consortium's Bid To Buy Notts Rejected

League Championship side Nottingham Forest Owner Fawaz Al Hasawi has "rejected an improved bid from the U.S.-based consortium that is trying to take over the struggling" club, according to Simon Jennings of REUTERS. Former MLB San Diego Padres Owner John Jay Moores and fellow entrepreneur Charles No ...

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