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China’s Richest Man Signs Manchester United Sponsor Deal

Hangzhou Wahaha Group Co., the beverage maker owned by China’s richest man, signed a sponsorship deal with 19-time English soccer champion Manchester United Plc to draw sports fans to its energy drink.

The three-year agreement will help Wahaha promote its Qili drink in China, the company said in a statement today. The English club may consume Qili during training and matches, Wahaha spokesman Shan Qining said in an interview.