Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024 16:40
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
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025 14:05
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025 12:36
Related coverage
Sina Sports seals deal with IMG Academy
17 Mar 2016
FAW Toyota links with China Fencing Team
07 Apr 2016
China to have further cooperation with the US in sports
26 Jun 2015
Tmall and Intel jointly launch new domain name
28 Jul 2017
Prince signs with CTA's tennis organization for juniors
29 Jun 2015
More from Yutang Sports
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025
Yutang Sports
loading...