30 Young Sports Makers selected to shake up the future of sport at Global Sports Week 2021
27 Nov 2020 10:57
The Chinese energy company CEFC China Energy Company Limited (CEFC), the new majority owner of the Czech top football division side Slavia Praha, has agreed a deal with the Football Association of the Czech Republic to become a partner of the national team.
The deal was signed by Miroslav Pelta, chairman of the Czech Football Association and CEFC President Chan Chauto. Prime Minister Bohuslav Sobotka also attended the signing ceremony.
Under the agreement, The Chinese partner will invest tens of millions of Czech koruna in Czech football annually. But no further details on the financial terms were revealed.
“It is a very important moment because Czech football needs financial boosting. China is the future, it is an important signal for other firms, too,” Pelta said. “It is a partner who will invest dozens of millions of koruna in Czech football annually.
As part of the deal, the two sides will work together to improve coaching and playing standards in each country.
Chauto Chan said: “We believe in the potential for cooperation between Czech and Chinese football. We hope to help Czech coaches, players and clubs in establishing cooperation with the Chinese side and its development.
“There are a number of areas, including education or youth competitions, where the Czech Republic can be an excellent partner for Chinese football.”
Last month, CEFC acquired a 60 percent stake in Slavia. The firm also invests in other fields beside sport in the country.
Source: Prague Post
30 Young Sports Makers selected to shake up the future of sport at Global Sports Week 2021
27 Nov 2020 10:57
Related coverage
Ticketing agency raises RMB265m
05 May 2016
30 Sep 2015
Shanghai SIPG seals deal with TÜV Rheinland
24 Jul 2017
Beijing CSMF partners Chengde Sports Bureau
23 Dec 2015
Chairman of Wanda: Good news for Chinese football!
24 Jun 2015
More from Yutang Sports
Discover the SportAccord Summit sessions!
31 Jan 2024
Yutang Sports Appointed as the Official Media Partner of the Future of Sport
14 Jun 2023
SportAccord's Interview with Gillian Sanders: Challenges for women in sport
26 Apr 2024
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
IWGA to confirm the World Games host
11 Apr 2024
Yutang Sports
loading...