The sale of Hull City moved closer after a ‘heads of agreement’ document was filed with the Hong Kong stock exchange. A Far East consortium is prepared to pay £130m for the club.
The buying consortium, GreaterChina, says that it sees ‘unparalleled opportunities’ to promote the club to a Chinese audience.
They would face competition for that audience from the growing number of English owners of Chinese clubs. It is a big market, the biggest available, but it has its limits.
The sale of Hull City moved closer after a ‘heads of agreement’ document was filed with the Hong Kong stock exchange. A Far East consortium is prepared to pay £130m for the club.
The buying consortium, GreaterChina, says that it sees ‘unparalleled opportunities’ to promote the club to a Chinese audience.
They would face competition for that audience from the growing number of English owners of Chinese clubs. It is a big market, the biggest available, but it has its limits.