SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024 15:50
The Chinese privately-owned investor, CEFC China Energy Company, which owns the top Czech football club, Slavia Praha, will gain a 70% stake in the club’s stadium, Eden Arena, and reconstruct it, local media reported.
The Chinese company and the Eden Arena joint stock company signed a deal for the sale on Wednesday.
It is reported that CEFC China Energy Company will pay 31.1 million euros for the stake this year and plans to invest a further 49.6 million euros in the reconstruction of the stadium over the next five years to turn it into a national stadium.
The contract also mentions the Beijing Municipal & Bridge Corporation construction firm, which seems to be the company that will do the reconstruction work.
Czech Football Association head Miroslav Pelta recently said the Eden Arena might be turned into a national stadium capable of accommodating up to 30,000 spectators.
Source: EMIS
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
Chinese company partners with CCM Hockey
05 Apr 2016
Chinese company to buy a second Dutch football club
10 Oct 2015
MLS club courts Chinese investor
22 Mar 2016
National Development and Reform Commission to subsidize newly built football pitches
31 Jul 2019
SpVgg Greuther Fürth: to exchange expertise with a Chinese football club
25 May 2017
More from Yutang Sports
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
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
Interview with Thomas Lund: to follow new trends and bring younger generations to the sport
17 Jun 2024
Yutang Sports
loading...