China’s Rupert Murdoch eyes foreign sports

After spending a record amount on the broadcasting rights for China’s top football division, Li Ruigang is looking overseas, where he already owns a stake in Manchester City.

Julie Zhu

March 24, 2016

After paying a record-breaking Rmb8 billion ($1.3 billion) for the five-year broadcasting rights to Chinese Super League football and buying a chunk of oil-backed English soccer club Manchester City, Li Ruigang is eyeing more high-quality sports assets globally, the Chinese media mogul said on Wednesday at the Boao Forum in Hainan.

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