Wednesday, August 11, 2010

The Man Behind the Liverpool Bid - DealBook Blog - NYTimes.com

The Man Behind the Liverpool Bid - DealBook Blog - NYTimes.com:
"“If there’s an opportunity, we’ll do it, but only for the learning process,” Mr. Huang said during the interview in Shanghai in March. “The N.F.L. is the most profitable league. The management, the intellectual property, the ownership structure is the best.”

Friends say Mr. Huang made a fortune working on Wall Street and helping clients invest in Chinese initial public stock offerings. Now, they say, he is pushing China to overhaul its sports system and develop its own professional sports leagues with corporate sponsors — a challenge in a country where the government retains tight control of sports programs."

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