VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
The English Premier League (EPL) outfit Hull City is expected to become the second Premier League club to fall into the hands of Chinese investors, according to a recent report by Sky Sports.
It is reported that a consortium of Chinese and Hong Kong investors is looking to complete a deal to buy the EPL club. The consortium includes representatives of the Dai family, which has business interests in real estate and shopping malls.
"To ensure stability during the transfer window, the club can confirm that takeover talks have been placed on hold until the summer window closes." Hull City said in a statement two weeks ago.
“The club's owners intend to continue negotiations with interested parties in September and any deal would be subject to due diligence.” said the news report.
Several days ago, West Bromwich Albion (WBA) announced that Chairman Jeremy Peace had agreed to sell West Bromwich Albion Holdings, the Club’s parent company, to a Chinese investment group headed by Lai Guochuan.
Source: Sky Sports
Proofread by Sean O Diobhilin
Related coverage
Fosun completes takeover of Wolves
22 Jul 2016
Chinese online sports streamer set to complete RMB100m fundraising
30 Sep 2015
Chinese sports consumption to hit US$227.7 bn by 2020
24 Jun 2016
Alibaba and Handnice to invest $1.5m in LeidaSports
20 Apr 2016
Chinese investors in talks with Palermo
13 Jun 2016
More from Yutang Sports
SportAccord announces first speakers - World Sport & Business Summit 2024
06 Dec 2023
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023
Interview Part I with Martin Gibbs, Managing Director of SportAccord: the Power of Sport Is Real
21 Mar 2024
Yutang Sports
loading...