Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024 16:40
Chinese football club Hangzhou Greentown have recently been linked up with a few companies, reported as several newspapers in China.
According to Qianjiang Evening News, the CSL team are in acquisition talks with a Shanghai-based online game company.
There are rumors that Hangzhou Greentown would possibly be taken over by the latter at 1 billion yuan.
Despite Du Ping, the executive director of Hangzhou Greentown FC, confirmed the link between the sides in a phone interview, he did not disclose the other party or any acquisition price.
But he insisted Hangzhou Greentown had been seeking for cooperative partners to get away from the consequences of spending too much.
A source revealed 1 billion yuan would be irresistible for Hangzhou Greentown but there was difference between the sides. The heads of the CSL team wished to retain 20% to 30% rights while the other party were interested in wholly taking over the club along with the youth teams.
This was not the first time Hangzhou Greentown was linked up with acquisition rumors. The most spread news was the linkup between Hangzhou Greentown and Jack Ma, the president Alibaba.
Source: National Business Daily
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
Imagine China sues Osports and submits multimillion Yuan claim
28 Mar 2017
China's iRENA ushers in new shareholder Weiying Technology
17 Dec 2015
Gao Lin to represent Dream Eleven
28 Jan 2016
Four trends for Chinese sportswear market in 2016
25 Jan 2016
Sport8 launched app to promote soccer in China
22 Apr 2015
More from Yutang Sports
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Yutang Sports
loading...