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Ospreys in ‘multi-million pound’ takeover by Y11 Sports & Media

Getty ImagesHong Kong-based sports marketing group Y11 Sports & Media has bought a 75. 1 per cent stake in Welsh rugby union side Ospreys. Ospreys chairman Rob Davies will remain in his role as he and pre-existing shareholders collectively retain a 24. 9 per cent stake in the club, who compete in the Pro14 provincial competition. Chief executive James Davies-Yandle and financier Donald Tang have been added as directors on the club’s board. A new holding company – Ospreys International Group – has been established after the 'multi-million-pound' deal, with all the financial benefits from the transaction to be put back into the club.

Read more at:
https://www.sportspromedia.com/news/ospreys-takeover-y11-sports-media

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