Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Chinese Super League giants Guangzhou Evergrande Taobao FC will have to invest RMB100million in the project to reconstruct Tianhe Stadium next year. This will be built into their new leasing contract with Guangzhou Sports Bureau, according to Chinese web portal Hoop Sports.
The contract stipulates that Guangzhou Evergrande will be responsible for reconstruction and turning the venue into a professional soccer stadium with a budget of RMB100 million, ahead of 2017.
The new Asian champions will firstly spend around RMB10 million on upgrading the grass and the VIP rooms. In addition, plans for the stadium include an increase in the number of box seats and ordinary seats. The club also intends to upgrade the audio and LED displays around the stadium.
Guangzhou Evergrande Taobao FC, with the financial backing of Chinese billionaires, Xu Jiangyin and Jack Ma, is one of the leading soccer clubs in China and indeed all of Asia. The club lifted the AFC Champions League trophy in 2013 and 2015.
Source: Hoop
Proofread by John Devlin.
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Weekly Report: Shanghai IAAF Diamond League peaked on CCTV 5
20 May 2016
Letv Sports partners with CSL side Guangzhou R&F
21 Aug 2015
China's iRENA ushers in new shareholder Weiying Technology
17 Dec 2015
Singaporean companies acquire CSL broadcast rights
11 May 2016
China’s football leagues will rise
05 May 2015
More from Yutang Sports
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
SportAccord 2024 - MediaAccord is ‘rare opportunity’ to meet before Paris 2024
08 Mar 2024
SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024
Discover why SportAccord plays central role for Silvers in strategic partnerships
22 Feb 2024
SportAccord’s conversation with FEI President Ingmar De Vos: Equestrian sport’s road to Versailles
22 Apr 2024
Yutang Sports
loading...