Chinese liquor giant Kweichow Moutai keen on River Plate shirt sponsorship

Chinese liquor company Kweichow Moutai is considering a sponsorship deal with Argentinian football team River Plate.

According to a report in Ole.com, Moutai is reported to be ready to pay around $3m per season. This falls short of the $5m per season River Plate was originally hoping to earn from its new shirt sponsor.

Ole.com reports that River have been without a shirt sponsor for more than a year. With local marketing budgets tight, it has struggled to get a brand to meet its asking price. An offer from Banco Supervielle was rejected as it was too low. The club also had talks with Turkish Airlines but were unable to reach a deal.

Kweichow Moutai, visited the club in mid-April with a delegation led by the president and general manager of the brand, Li Baofang. Kweichow Moutai is a partial publicly traded, partial state-owned enterprise in China, specialising in the production and sales of Maotai liquor, and has been listed on the Shanghai Stock Exchange since 2001.

Most recent

After launching in Miami this spring, the Sports Decision Makers Summit – from SportBusiness and Sportel – came to London's Rosewood hotel on July 9-10. This is what we learned from our expert speakers. W

Liverpool FC decided to arrange its own tour of the United States this summer, rather than compete in the pre-season International Champions Cup, because the club preferred to be "independent" and have more freedom to arrange opponents, dates and venues.

As the Tour de France moves towards its conclusion in Paris, Kevin Roberts talks to Ralph Denk, team manager of the German Bora-Hansgrohe team about the business of running and funding an international cycling outfit.

As France's Ligue 1 is staging a four-team tournament in Washington DC this week, Bob Williams looks at how it aims to expand its reach into the US and improve overseas media-rights income.