Natural mineral water brand Alps sign three-year partnership with BWF
21 Aug 2019 20:30
An agreement has been reached to set up a management company for The Chinese Basketball Association (CBA), the men's professional basketball league in China. At a meeting held in Dongguan, Guangdong last Saturday, the investors of 18 CBA clubs signed registration documents for the creation of CBA Beijing Company Ltd.
This means the future CBA businesses and event operations, for example, will be decided by club owners instead of Chinese basketball governing bodies.
The CBA currently consists of 20 professional teams. As rumour had it, Bayi Rockets FC and Xinjiang Flying Tigers FC were absent from the meeting, because they may have had second thoughts on the salary cap, the profit distribution and the stake ownership. But according to news reports, the investment qualification will be reserved for the two clubs.
It is expected that the new company will be responsible for pro referee training, venue operation, business development, TV broadcasting, the players’ salary cap and youth training.
Source:Xinhua
Proofread by John Devlin
Related coverage
Adidas Nations basketball training camp launched in Beijing
28 May 2015
Weekly Report: WTTC were most watched with 6 matches being listed in TOP10
08 Mar 2016
Beijing Ducks partner with US Basketball Academy to develop junior talent
29 Jun 2017
Timberwolves star visited NBA Yao School in Shanghai
15 Jun 2015
Six CBA clubs establish eSports Basketball Association
09 Apr 2018
More from Yutang Sports
Interview Part I with Martin Gibbs, Managing Director of SportAccord: the Power of Sport Is Real
21 Mar 2024
SportAccord Plenary Conference had fruitful talks about the soft power of sport
17 Apr 2024
SportAccord 2024 - MediaAccord is ‘rare opportunity’ to meet before Paris 2024
08 Mar 2024
Meet the world-class speakers on SportAccord’s Plenary sessions
23 Feb 2024
Reasons why Leading Gold Partner Sport Event Denmark returns to SportAccord every year
08 Feb 2024
Yutang Sports
loading...