SportAccord calls for the power of sport to lead anti-abuse actions
17 Apr 2024 12:08
Dalian Aerbin FC, a China League One football club, has reportedly informed the club members at an internal meeting that Dalian Yi Fang Group would take over the club with 40 million RMB plus debt repayments.
Yi Fang Group, an investment holding company with businesses in financial services, tourism and the properties sector, would take charge of the full operations of Dalian Aerbin FC. The current staff team would be replaced by a new one with Shi Xueqing as the managing director.
An insider of Dalian Sports Bureau confirmed the deal but did not reveal whether the deal involved stake transfers or not.
Dalian Aerbin FC, as believed, would keep the name after Aerbin Co., Ltd temporarily.
There are rumors that Wanda Group is backing up Yi Fang on the deal as Shi Xueqing, currently a spokesman of Wanda Group and once a manager of Wanda’s football department Dalian Shide FC, would be appointed as managing director at Dalian Aerbin.
Source: Beijing Times
Related coverage
Chinese Fosun interested in buying Brooklyn Nets
03 Mar 2015
Parent company of BioSteel complete Pre-A financing
30 May 2016
Latest moves: Sven Goran Eriksson works for Shenzhen FC
05 Dec 2016
Quanjian becomes title sponsor of Dalian's women football team
07 Sep 2015
Suning and Evergrande in talks with Stellar Group
02 Jun 2016
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Harnessing the Soft Power of Sport
13 May 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
Yutang Sports
loading...