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Football is big business and it doesn’t get larger than the Barclays Premier League. The games beamed by Astro, which is going to decide how it will pay for the seasons starting from 2016, is crucial to the media company as about half its subscribers take its sports package.
MILAN: The new Chinese owners of Italian football club AC Milan plan to invest in a stadium and could eventually list the team on a stock market to help revive its fortunes, AC Milan's chief executive-designate said on Friday.
LONDON: Lucrative new television deals starting in August offer English Premier League football clubs a "golden opportunity" to strengthen finances undermined by the vast sums they pay to players, business services group Deloitte said on Thursday.
KUALA LUMPUR: Malaysian billionaire Vincent Tan is exploring an IPO of U.K football team Cardiff City as early as this year, people with knowledge of the matter told Reuters, in a deal that would follow the team's recent promotion to the Premier League.
KUALA LUMPUR: Malaysian billionaire Tan Sri Vincent Tan is exploring an intial public offering (IPO) of UK football team Cardiff City for as early as this year, people with knowledge of the matter told Reuters, in a deal that would follow the team’s recent promotion to the Premier League.
LONDON: A consortium of Chinese investors is spending US$400mil to take a stake of more than 13% in the group that owns soccer clubs including Manchester City and New York City FC, expanding the country’s financial involvement in the game.
MIAMI: Former England football captain David Beckham announced on Wednesday that he has exercised his option to become the owner of a Major League Soccer team in Miami, promising to make it "the people's club."