Home / Business

Recon acquires Aston Villa for $101m

By Wang Zhuoqiong | China Daily | Updated: 2016-07-19 07:26

Chinese conglomerate Recon Group on Monday announced its acquisition of 142-year-old Aston Villa Football Club, with a goal of returning the United Kingdom club to the Premier League and raising the level of Chinese soccer.

The deal is worth 76.5 million pounds ($101 million), according to Recon, including assuming 24.5 million pounds in debt.

Recon Group owner Xia Jiantong said his hope was to provide experience and learning for Chinese soccer through acquisition of an international soccer club that has a mature system and sound talent training programs.

Recon acquires Aston Villa for $101m

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349