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Four Chinese buyers eye Stellar Group

By Chen Yaping Monday, 23 May 2016 12:00

According to a Reuters report, four Chinese investor groups are bidding to purchase UK-based Stellar Group, one of the world’s most powerful soccer agencies. The bidding price is thought to be more than $140 million.

As revealed in the report, one of the Chinese bidders is the model car maker Rastar Group, which last year bought a majority stake in Spanish soccer club Espanyol.

Stellar Group was behind Wales international Gareth Bale’s record-breaking 86 million pound ($125 million) move to Real Madrid in 2013.

Reuters stated that Stellar Group could cost around 900 million yuan ($138 million), adding that prices had only been discussed verbally. Its founder Jonathan Barnett is reportedly planning to meet the suitors in China at the end of the month.

Stellar Group represents hundreds of athletes. These include footballers Bale and current England internationals Joe Hart, Luke Shaw, Phil Jagielka and Danny Drinkwater, according to transfermarkt.com.

Source: Reuters

Proofread by Sean O Diobhilin.



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