Chinese sports tycoons shoot for Hong Kong IPOs

HKEx may score a new wave of quasi-international listings as Chinese companies seek to unlock the value of European football club assets and burgeoning domestic investments.

Chinese companies are looking at initial public offerings as a capital raising and exit plan for a host of sports assets including their stakes in European and Chinese football clubs, as well as the domestic training academies and stadia being developed through China’s National Football Plan.

Some of the country’s leading business groups have begun work parcelling up their sports assets and bankers expect a raft of listings to begin in the next 12 to 18 months from among others Suning Sports, Wanda Sports, Fosun Sports and Jinhua Sports.

Other companies, which own single assets such as English Premier League club West Bromwich Albion and Italian Serie...

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