Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
According to a report released by Liverpool Echo, Everton Football Club have agreed a three-year credit facility worth around £60m with the Industrial and Commercial Bank of China (ICBC).
ICBC is partly owned by the state-run company Central Huijin Investment. This is the first time the bank has partnered with a Premier League club.
“There are a number of reasons we’re delighted to reach this agreement with Everton,” said Jothann Durnall, relationship manager at ICBC London, “Not only is it our first partnership with a UK football club, but it’s exciting for us to partner with such an ambitious club.”
This lucrative deal is believed to help the Premier League club on the transfer market. The injection of cash will also be spent on the club’s daily operations. Instead of transferring the entire amount to the club, ICBC will open an account for the club and keep the money there.
Everton director Sasha Ryazantsev said: “We are pleased to have entered into a partnership with ICBC which will increase our financial flexibility, reduce refinancing risk and lower funding costs, while adding to the list of Everton’s ‘firsts’.”
Source: sports.qq.com
Proofread by Linda Barouk
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Yili Group becomes official dairy partner of Beijing 2022
30 Aug 2017
Expect more free sport on your mobile, but not for long
13 Aug 2015
Sina Sports partner with Visma Ski Classics
03 Feb 2016
Granada CF partners with Chongqing Lifan
28 Jul 2016
Kunming to establish first Yoga College in China
17 Jun 2015
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
SportAccord calls for the power of sport to lead anti-abuse actions
17 Apr 2024
SportAccord's Interview with Gillian Sanders: Challenges for women in sport
26 Apr 2024
SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024
Gender equality will be reflected at OBS's coverage of the Paris 2024 Olympic Games
16 Apr 2024
Yutang Sports
loading...