VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
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 resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023 12:27
Related coverage
Weekly Report: Basketball games were still popular this week
09 Nov 2017
Report on TV ratings of CBA opener(2014-2015)
12 Jan 2015
CBA signs three-year partnership with Osports
21 Sep 2017
16 Nov 2017
Jr. NBA league officially launched in China
04 Nov 2015
More from Yutang Sports
SportAccord Plenary Conference had fruitful talks about the soft power of sport
17 Apr 2024
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
Interview with Nicolas Maurer: Becoming Mainstream and at the Forefront of French Esports Industry
04 Oct 2023
HealthAccord spotlights mental health and female athlete well-being
08 Feb 2024
SportAccord 2024 - sport as a ‘powerful, transformative tool’ under spotlight at CityAccord
29 Mar 2024
Yutang Sports
loading...