SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024 14:34
China International Trust & Investment Corporation Group (CITIC) has reportedly agreed to sell up to half of its shares in Chinese Super League side Beijing Guoan FC, according to various Chinese media reports.
Sina Sports reported that, based on a reliable source, at least three enterprises have made contact with Beijing Guoan FC. The CSL club has never before experienced equity transfer during its 23 years in the Chinese top tier soccer league.
CITIC’s conditions for sale are that, whoever is the ultimate buyer, the club’s name, kit colour and logo will remain unchanged.
The three companies, which reportedly include City Football Group, a video company and an e-commerce platform from China, are in substantial talks with CITIC.
CITIC Capital, a subsidiary of CITIC Group, was part of the Chinese consortium that acquired a stake in City Football Group for US$400m last month.
Beijing Guoan FC, established in 1992, is a professional soccer club based in the Chinese capital, Beijing. The club finished 4th in the CSL last season.
Source: Sina Sports
Proofread by John Devlin.
Interview with Thomas Lund: to follow new trends and bring younger generations to the sport
17 Jun 2024 16:00
Related coverage
MANCHESTER CITY PACK MOST FINANCIAL PUNCH ON PLANET
04 Jan 2018
China to curb overseas investments in sports clubs
21 Aug 2017
Fluminense seeks more Chinese partnerships
08 Aug 2017
Campus football: China needs top-level designs
09 Jul 2015
LeTV Sports to sponsor Chinese Women's Super League
09 Apr 2015
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Major Technology Trends Shaping Sports Sector
03 Jun 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
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
SPORTACCORD 2024 INSIGHTS: Harnessing the Soft Power of Sport
13 May 2024
Yutang Sports
loading...