Deals
Hong Kong Firm in $160 Million Deal for Soccer’s Hull City
- GreaterChina files statement with Hong Kong stock market
- Chinese interests have invested in a clutch of European clubs
Markus Henriksen of Hull City celebrates during the EFL Cup Third Round match between Stoke City and Hull City in Stoke on Trent, England, on Sept. 21, 2016.
Photographer: Nathan Stirk/Getty ImagesThis article is for subscribers only.
A Hong Kong-based professional services company said it has agreed to buy English Premier League soccer team Hull City for 130 million pounds ($159.5 million).
GreaterChina Professional Services Ltd.’s agreement is the latest foray into European soccer by China-focused companies. Companies from the region have been picking up teams in an unprecedented spending spree since President Xi Jinping announced in 2014 that soccer should be a major focus for the world’s most populous nation.