Chinese businessman new owner of Australian football club Newcastle Jets

Chinese multi-millionaire Martin Lee was on Tuesday announced as the new owner of an A-League football club, the Newcastle Jets.

After months of negotiations, Lee and his Ledman Group — a major LED lighting manufacturer — have reportedly bought the Jets for $4.1 million. This is the first major Chinese investment in the A-League’s 11-year history, reports Xinhua.

The Jets are one of 10 teams who make up Australia’s premier men’s football league – the Hyundai A-League – and are governed by the Football Federation Australia (FFA).

The Jets have been under the FFA’s ownership since May last year, after former owner Nathan Tinkler’s licence was terminated. Lee was named on Tuesday as the Jets’ fourth owner in just 11 years.

Lee is the president and chief executive of Chinese company Ledman Optoelectronics. The company was valued at $1.04 billion on the Chinese stock exchange.

The Ledman group already owns Chinese lower-tier club Shenzhen Renren FC, sponsors of the Chinese Super League and is the naming-rights sponsor for Portugal’s second division.

At his media conference in Newcastle, Lee said he was excited about the future of the Jets.

“We see a bright future for football across Asia and the Hyundai A-League is at the forefront as one of the top professional leagues in the region,” he said. Continue reading Chinese businessman new owner of Australian football club Newcastle Jets


Europe Cup 2016

The 2016 UEFA European Championship, commonly referred to as UEFA Euro 2016 or simply Euro 2016, is the 15th edition of the UEFA European Championship, the quadrennial international men’s football championship of Europe organized by UEFA. It is currently being held in France from 10 June to 10 July 2016. Spain are the two-time defending champions, having won the 2008 and 2012 editions. Continue reading Europe Cup 2016