Beijing Guo'an set to sell 60% stakes to two companies


Beijing Guo'an set to sell 60% stakes to two companies

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greenlionii
greenlionii
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On news published by sohu sports today, the owner of Beijing Guoan FC, the CITIC Group, will sell 60% of the clubs stakes to two companies, The Hudsun electrics and IDG Investment, each company will buy 30% stakes for 1.5 billion RMB (216 m USD), the club capital will be increased from 4 billion RMB (576m USD) to 5 billion RMB (719m USD), the deal also insures the club will have a budget between 500 million RMB (71.9m USD) to 600 million RMB (86.3m USD).
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