Discover the SportAccord Summit sessions!
31 Jan 2024 23:49
Shenzhen Guohui FC, a youth football training organization, announced that they have raised RMB17.67m from investors in their Round A fundraising.
As revealed, the organization managed to raise the money through an online crowd-funding within 38 minutes.
The raised money will be used to enhance the organization’s service portfolio, which includes stadia operations, live coverage, brokerage, events organizing, youth training, sports tourism and merchandise.
Alongside the fund, the organization has alsoestablished partnerships with professional football clubs to foster promising players. The high profile clubs include Guangzhou Evergrande, Guangzhou R&F FC, AC Milan and RCD Espanyol.
‘The combination of capital and football training will lead to a huge leap forward in the football industry,’ said Li Zhendong, the General Manger of Guohui FC.
Li realizes there is a lack of a comprehensive youth football competition system in China. Against this background, Guohui FC will launch the Chinese Youth Super League later in July in association with a couple of national youth training associations and clubs.
Source: 21st Century Business Herald
Proofread by Sean O Diobhilin.
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Chinese Milan takeover still on hold
01 Dec 2016
Yao's views on sport win backing
10 Mar 2015
Fosun International eyes AC Milan?
05 Aug 2016
Corporate takes over rights on CSL
25 Dec 2014
A new buzz swirling around sport
29 Jul 2015
More from Yutang Sports
SportAccord Media Partners will ensure global audiences are primed with latest news in sport
02 Mar 2024
Birmingham Welcomes the World as SportAccord 2024 Kicks Off
08 Apr 2024
SportAccord's interview with Sarah Gregorius: proactive actions are necessary to tackle online abuse
28 Apr 2024
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
SPORTACCORD 2024 INSIGHTS: Major Technology Trends Shaping Sports Sector
03 Jun 2024
Yutang Sports
loading...