10 Chinese companies snap up top overseas sports teams
(chinadaily.com.cn) Updated: 2016-08-01 07:274 Shanghai Jinxin Investment Fund
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Photo of MP & Silva Ligue 1 [Photo/MP & Silva Website] |
Shanghai Jinxin Investment Fund, a partnership between Beijing Baofeng Technology Co Ltd and Chinese financial services company Everbright Securities Co Ltd, announced in May an agreement to acquire a 65-percent stake in Italian-owned MP & Silva Ltd, the world's number one soccer rights agency, for around $1 billion.
MP & Silva distributes sports programming to more than 200 broadcasters in 215 countries, including English Premier League and Formula One motor racing.
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