Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
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
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
CBA launches ‘Small Basketball’ plan
21 Nov 2017
Weekly Report: CBA Playoff Finals back to stage
15 Mar 2016
Infront start negotiations with CBA on priority renewal issue
12 Jan 2017
NBA China renews partnership with Dongguan Basketball School
12 Oct 2015
Report on broadcast 2014-15 Season CBA semi-finals
06 Mar 2015
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
IWGA to confirm the World Games host
11 Apr 2024
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
SportAccord’s conversation with FEI President Ingmar De Vos: Equestrian sport’s road to Versailles
22 Apr 2024
SportAccord 2024 - sport as a ‘powerful, transformative tool’ under spotlight at CityAccord
29 Mar 2024
Yutang Sports
loading...