Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China.

As part of this partnership and following approval from the EFL, 5USport has agreed to purchase a major stake in Northampton Town Ventures Limited, who own the majority shareholding in Northampton Town Football Club.

Chairman Kelvin Thomas said, “This is a very exciting day for the club and is part of an overall investment strategy into the club from 5USport, which covers many areas.

“From our perspective, after taking over the club during those troubled times late in 2015, it has always been our intention to ensure that the club was well positioned financially, mainly so that it would never experience those times again, but also to continue to develop.

“We have always been open about how much we had to invest but what we found, especially following promotion, was for the club to really challenge in League One and beyond it made sense to find a partner.

“What we really liked about 5USport was their vision and intention, so we are very pleased to be able to form this partnership. 5USport want to invest in all the areas of the club on a sensible basis, but with a long-term view. This is not a short-term investment for them and we felt that was really positive for the club.

“Getting to know Tom Auyeung of 5USport has been enjoyable and we have been impressed with the desire to see Northampton Town prosper. He has a very strong interest in football and loves the competition.

“Fundamentally the structure will not change at the club as the stable environment was very important to 5USport, as was the history, culture and heritage of the club.

“We have agreed initially there will be an increase in the playing budget, plus also a budget for the purchases of younger players who can be developed and improved. We have also agreed levels of investment into other areas of the club including the East Stand and other development areas.

“We are excited to explore the emerging football market in China and help develop potential revenue streams which will benefit the club. We have two coaches heading over at the end of this month to begin working on that project, meeting various clubs and education facilities to introduce the club.

“We feel this partnership offers Northampton Town Football Club a very exciting future.”

Tom Auyeung, CEO of 5USport said, “We have been looking at partnering with an English football club for about 18 months now. We have looked closely at others, but none ticked as many boxes for us as Northampton Town.

“We are very excited to be able to agree this partnership with David Bower and Kelvin Thomas over the past few months, and we thank them for their professionalism and honesty throughout this process. We are not looking at making any changes in terms of the staffing and are pleased to announce Kelvin has agreed to continue in his role as Chairman.

“We have been impressed with the current leadership and staff at the club and we want that to continue. We will make an impact behind the scenes with the right strategic direction and investment.

“We have a growing Football and Education division within our business in China and Northampton Town’s overall education philosophy really fits well, plus the relationship with the University of Northampton is exciting for us as we look to forge links between Northampton and China.

“We are also very passionate about the Community aspect of the club and enjoy seeing the positive work in this area, plus also the development of young players through the Academy.

“Northampton Town has a really strong fan base that was seen as a real positive when we were looking at clubs and we are looking forward to giving you something to cheer about on the pitch while also developing things off it. We want to win football matches and will be supporting Justin and his staff to help this area of the club.

“There is so much interest in football in China and we are extremely proud to form a partnership with an English club with such a long history since the formation in 1897. We want Northampton Town Football Club to continue to be a leading light for the community and we will work hard alongside everyone to ensure this happens.”

Posted by: Kev Howland 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Ossett Albion Takeover Brings Readymade Academy

Wed 13th Sep 2017 | Clubs Ownership

The founders and directors of Unita, a local based facilities management company, have taken the reigns at Ossett Albion in a move which sees the EVO-Stik North club inherit a ready-made football...

Southampton Secures Chinese Investment Partners

Mon 14th Aug 2017 | Clubs Ownership

Southampton Football Club has announced the formal conclusion of talks which will see Chinese businessman Mr Jisheng Gao take a stake in the Premier League club. In a letter to fans issued on Monday...

Altrincham FC Seek New Investment

Thu 13th Jul 2017 | Clubs Ownership

At a recent Extraordinary General Meeting, the shareholders of Altrincham Football Club passed a series of motions which will now allow the club to bring in new investors. A new controlling share in...

Hartlepool United Announced Club Restructure

Wed 28th Jun 2017 | Clubs Ownership

Hartlepool United Chairman, Pam Duxbury has announced the first phase of the club’s restructure following relegation to the National League and subsequent resignation of Gary Coxall. Coxall...