China Sports Update: Huang, Yi Jianlian, MLB, Starbury
Tuesday, 31st August 2010 ~ Maggie ~ Link ~ Comments (0)
Yi Jianlian, Washington Wizard, in a Washington Bullets jersey
Sometimes we get a little bit behind at keeping you up to date here at CST. Sorry about that, but below are a few of the top recent stories:
Huang and QSL never made a formal bid for Liverpool FC
Kenny Huang, Marc Ganis and their company QSL are completely out of the Liverpool FC buying discussion. And accoring to a recent report in the Telegraph, they never made a formal bid. QSL seems to be blaming the deal's evaporation on all the publicity, claiming it caused their key investor to walk away. Hmm… A Chinese investor thought it was going to quietly buy an English Premier League team? Huang's now 0-2 on these big-league bids, and he was confident enough about the first one to name his company after it (QSL stands for Qishi Lianmeng, Cavalier Group, a name chosen while the company was hoping to buy a stake in the NBA's Cleveland Cavaliers). With these high-profile fails in two of the globe's biggest sports leagues, he's sure to be viewed more skeptically in the future.
Yi Jianlian eludes NBA China's grasp, again
Every October, two NBA teams come to play exhibition games in a few Chinese cities. Last year, the Denver Nuggets played the Indiana Pacers. In 2008, the Milwaukee Bucks played the Golden State Warriors—a matchup that would have brought Yi Jianlian back home to play, if he hadn't been traded to the New Jersey Nets on the eve of the 2008 NBA Draft.
Yi's slipped through the NBA marketing department's fingers yet again. This spring, the NBA scheduled the Houston Rockets to play the New Jersey Nets, in what would have been an historic opportunity to see China's two current NBA players go head-to-head in Beijing and Guangzhou. But the Nets sent Yi to the Washington Wizards, so Yao Ming, if he's actually back on the court by then, will be the only Chinese national in the game.
Right now, Yi's busy in Turkey, where he's leading the Chinese national team at the FIBA World Championships. China is 1-1 with a loss to Greece and a win over Cote d'Ivoire (who are sponsored by Chinese basketball apparel brand Peak). He's averaging 26 and 11. In the next game, August 31, China faces Puerto Rico and Yi has a chance to avenge his dismal 3-for-15, 11-point performance against them at Madison Square Garden two weeks ago.
MLB still swingin'
Despite its sport being dropped from the Olympics, Major League Baseball has not given up on China. The Washington Post just ran a great update (with some nice photos) on the MLB's China activities, which are largely focused on a training academy in Wuxi, where players learn the game under the direction of Rick Dell, who has been key to MLB's Asia efforts for years now. Interesting takeaway from this piece: It implies that the teenagers training in Wuxi now are being groomed with the hopes not that they will make the big leauges, but that they will train the players from the next generation who will.
Starbury to return, with more shoes
Stephon Marbury's coming back to Taiyuan this year, to play for the CBA's Shanxi Zhongyu, with whom he's signed a two-year contract with an option for a third. This time, Marbury's taking a more strategic approach to marketing his Starbury shoes in China, reports the Wall Street Journal.
Yi Jianlian in a Bullets jersey image: Hi.baidu.com
Tags: English Premier League, FIBA World Championships, Huang Jianhua, Kenny Huang, Liverpool FC, MLB, NBA, QSL, Stephon Marbury, Yi Jianlian
More than window shopping? "Kenny" Huang Jianhua and the Liverpool bid
Friday, 6th August 2010 ~ Maggie ~ Link ~ Comments (0)
Earlier this week, "Kenny" Huang Jianhua entered the UK media spotlight when "it emerged" (The Times' words) that he was trying to lead a purchase of the English Premier League's Liverpool FC. Several reports indicated that he was working on behalf of the Chinese Investment Corporation (CIC), China's sovereign wealth fund. Midweek, Huang's PR people issued a press release saying that he "has registered interest in investing in Liverpool FC but has made no formal bid."Kenny Huang buying Liverpool FC? Certainly not on his own. Chinese government buying Liverpool? Very unlikely. This story already has too many unnamed sources, but I have to add one more: This morning I spoke to someone close to the CIC, who says that people there who would be involved in such a deal if it were in the works, and that person "have never heard of Huang Jianhua."
Huang (left) with Chinese Baseball Association chairman Lei Jun
As Gady Epstein, Forbes' man in Beijing, explains, it seems to make no sense for CIC to get involved in English soccer. The CIC's job is to make money, and despite being high-passion and high-profile organizations, soccer clubs are not high-profit. But China Daily reports that over the past two weeks, CIC has divested almost precisely enough of its investments to raise the 351.4 million pounds that The Guardian says is a rumored sale price for Liverpool. Matt Scott at The Guardian suggests that CIC is interested in Liverpools' TV rights and is speculating that the team can improve its finances by better leveraging media. There is also wide speculation that the club is undervalued, meaning that whoever buys it could possibly make a quick profit reselling it soon.
Huang clearly has interest in buying the club—or, more accurately, helping an investor or a group of investors make the purchase. He's no Mikhail Prokhorov, the self-made Russian billionaire and new majority owner of the New Jersey Nets. He needs other people's money to get this done.
As for the CIC/Huang connection, Epstein wisely guesses that someone got wind of a relatioship Huang has or says he has with CIC, and blew it out of proportion. But I'm inclined to think that Huang leaked the information himself. Though he shies away from direct media contact, he likes to manipulate the media. When he held a rare press conference in Beijing last year to announce his partnership with the Chinese Baseball Association, as reported here, the whole affair seemed targeted at potential sponosors who could help fund the Chinese Youth Baseball League, for which his company, QSL, had no actual plans. Also, Huang is a broker who seems unsatisfied with hanging in the background—he wants to be the face of the deals that he's involved in, and self-promotes accordingly.
Could it be that he leaked the Liverpool story to generate some buzz, and signal to potential investors that he was in a position to help them bid for Liverpool? Or maybe he learned that CIC was liquidating in preparation to make a bid, and he hopes to bluff his way into representing them.
Whatever is going on, Liverpool fans should know soon who their team's next owner will be, as the current owners are trying to get the deal done by next week.
Tags: Huang Jianhua, Kenny Huang, Liverpool FC, Premier League, QSL, soccer