Chinese consortium in Hull takeover for £130 million please log in to view this image Since 2014, China’s capital has completed the mergers and acquisitions of more than 10 overseas clubs in England, Spain, Italy, France, Netherlands and Australia. This movement is really gaining momentum. In the wake of the recent takeovers of Aston Villa, Wolves and West Brom, another Premier League club is to be acquired by a Chinese enterprise. Greater China Professional Services Limited(GCPSL), a company listed in Hong Kong, announced that it has formed a consortium with Camsing Global which signed an agreement with the seller Allamhouse Limited, aiming to acquire Hull City Association Football Club(Hull City) from the Premier League for £130 million. The services of GreaterChina Professional Services Limited covers asset adversary, enterprise service consulting, media advertisement and finance & mortgage. After acquisition, it will strive to promote derivatives such as Hull City merchandise in mainland China and Hong Kong, while developing a chain franchise, commodity and media business to coordinate with existing business. It is believed that this acquisition can create opportunities in media, advertising and relevant areas of the Chinese market which have unlimited potential. This acquisition will also bring other revenue including ticket proceeds, television and broadcasting income and various business revenues from sponsorship, commodity accessories and relevant products. http://en.ytsports.cn/news-2951.html
Board of Directors Mr. Yip Chung Wai, David, aged 51, was appointed as an independent non-executive Director on 2 July 2014 and redesignated as an executive Director on 20 November 2014. He is a member of each of the Remuneration Committee and the Nomination Committee. Mr. Yip obtained a master’s degree in business administration from the University of Hull in the United Kingdom. Mr. Yip is presently the managing director of Zhong Ze Investment Limited. During the past 20 years, Mr. Yip has worked for different sizable financial groups and corporations in Hong Kong with senior positions. He is well-experienced in corporate finance and fund management matters and he has also orchestrated in structuring mergers and acquisitions deals during his time in investments and banking areas. From September 2009 to October 2013, Mr. Yip was an executive director and the chief executive officer of China Bullion Resources Limited (Stock code: 274), the shares of which are listed on the main board of the Stock Exchange. From July to November 2014, he was an executive director of Legend Strategy International Holdings Group Company Limited (Stock code: 1355), the shares of which are listed on the main board of the Stock Exchange. Since June 2015, he has been appointed as an executive director of Sandmartin International Holdings Limited (Stock code: 482), the shares of which are listed on the main board of the Stock Exchange. http://www.gca.com.hk/eng/Aboutus/Board of Directors
They'll up the asking price to £300m now. The Allams are idiots and there's no escaping that fact. I don't think they get that there are other options out there. They think everyone wants to own Hull Tigers...
Is this the usual leak just prior to a home game, to suppress any protests? You did mention a ridiculously rich HK based consortium a while ago OLM? And surely the fit and proper test will be well on their way? Anyone remember the Sports Mail's ' What are you Wondering?' comments?
James Smailes @James_Smailes Got an exclusive about to go online shortly, watch this space. Probably a Hull KR signing...
Yep It's only been put on there because you started demanding on here that everyone got their red cards out First Burnsy picked up on it, so to avoid you getting any support for your plan they've come up with this #squashballs
There were no protests planned, so it's unlikely that it's just been announced to prevent some protests that weren't happening.
James Smailes @James_Smailes Here's our exclusive. Hull FC will NOT take part in the 2017 World Club Series.
Kinnel, it looks like it's happening, they're listed on the HK Stock Exchange and have filed a copy of the Heads of Terms confirming their intention to buy the club.... http://www.hkexnews.hk/listedco/listconews/gem/2016/1013/GLN20161013047.pdf
For the full stake in the football club and SMC as well so there can be no clinging on to some sort of control.
