Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
New York-based Relevent Sports, owners of the International soccer tournament, the Champions Cup (ICC), are reportedly in discussions with Chinese investors.
Citing a source with knowledge of the details, Bloomberg report that the sports company is looking to sell a substantial stake in the ICC, which is said to be worth $300 million to $500 million. It is believed that a deal is in the late stages.
The ICC is a three-year-old series of global exhibition games that has attracted fans in different countries. Three ICC games will be played in Shanghai, Beijing and Shenzhen. One of the most appetizing clashes is the upcoming Manchester United v Manchester City match on July 25 at the National Stadium in Beijing.
“You can’t plan for the president of China saying, ’We want to be the No. 1 soccer nation in the world in 2050,’” said Relevant Chairman Charlie Stillitano. “You can’t plan on those things. Part of that is just good fortune in this case.”
Source: Bloomberg
Proofread by Sean O Diobhilin
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Related coverage
Chinese clubs spend $430 million
03 Mar 2016
Rumour: Evergrande linked to West Brom deal
28 Jul 2016
Manchester City owner eyes on CSL club acquisition
25 Sep 2015
Listed or not, revenues model is key to Guangzhou Evergrande
06 Jul 2015
ADO express confidence in Chinese owner
28 Dec 2015
More from Yutang Sports
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Yutang Sports
loading...