Inside Sport

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


https://forum.insidesport.com.au/Topic2462945.aspx

By greenlionii - 20 Dec 2016 9:00 PM

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).