Japan plans to host a seven-team FIFA Club World Cup next year; Forbes ranks Team SoloMid as the world’s most valuable Esports company; and a Chinese gambling brand seals a partnership with Atletico Madrid. For these stories and more, check out the Red Phoenix Global Sports Update:

Japan to Host FIFA Club World Cup in 2021 

FIFA has announced that it will delay expanding the Club World Cup and that the 2021 edition of the competition will now be held in Japan. An expanded tournament was initially planned to be held in China during June and July 2021. The FIFA Council has now decided to change hosts and delay the event because of the coronavirus pandemic, while also retaining the current seven-team format. Full Story Japan Times (12/05)

Team SoloMid Tops Esports Property Rankings with $410 Million Valuation 

Forbes has released its annual list of the world’s most valuable Esports companies. Team SoloMid was ranked at first place, with a value of $410 million, followed by Cloud9 ($350 million), and Team Liquid ($310 million). Forbes used a valuation system based on advice from various investors and financial analysts, as well as weighing in the fluctuating market values of each organization. Full Story Sports Pro Media (12/07)

Warriors’ Andrew Wiggins Signs New Shoe Deal with Peak

Andrew Wiggins has signed a multi-year contract with Chinese shoe brand, Peak, ahead of the 2020-21 NBA season. Peak had also endorsed NBA stars, Lou Williams and Tony Parker. Wiggins now is the fourth Warrior to have a signature shoe. He joins Stephen Curry (Under Armour), Klay Thompson (Anta), and Draymond Green (Converse). Full Story Warriors Wire (12/06)

Chinese Gambling Brand BBIN Signs up with Atlético Madrid

Chinese online gambling software supplier, BBIN, has entered into a regional partnership with Spanish La Liga football club, Atlético Madrid. As part of the partnership, BBIN will serve as the official iGaming supplier partner for the team in Asia. BBIN said it will now work with the club to promote its brand across the Asian market. Atlético Madrid is the latest team from the Spanish top tier to establish a commercial partnership with an iGaming business based in Asia. Full Story Sports Business (12/04)

Shimizu S-Pulse Becomes First J. League Club to Sign with Fanatics 

Fanatics has signed a 10-year strategic partnership with Shimizu S-Pulse. The Shizuoka-based J. League club became the first football club in Asia to sign up with Fanatics. Fanatics has an increasing presence in Japan, partnering with several Japanese baseball clubs, including the Japan Series Champions, Fukuoka Softbank Hawks, which won its fourth championship in a row last month. Full Story Fanatics (12/01)

150 Million People in China Participated in Winter Sports in 2019  

A recent study by China’s Renmin University found that 150 million people in China participated in ice and snow sports last winter. The report shows 41.2 percent of the interviewees have participated in ice and snow sports more than three times a year, and 27.2 percent have participated in ice and snow sports in seasons other than winter. In the past three years, the public’s attention to the Beijing Winter Olympics has increased rapidly, with reports of 70 percent of the population now paying attention to the upcoming games. Full Story Xinhua (12/05)

Tyson-Jones Exhibition Fight Expected to Generate More than $80 million for Triller

Media company Triller estimated that the Mike Tyson exhibition versus Roy Jones Jr. is expected to rank in the top 10 most purchased pay-per-view events of all time. Triller reportedly paid $50 million to land the rights to the fight and charged viewers $50 each to order the event. If exceeding the 1.6 million number holds true, Triller will have earned nearly $80 million for their pilot program and launch of their live events business. Full Story Sports Business (12/07)

Ex-MLB slugger Ryon Healy signs with KBO’s Eagles

Former Major League slugger, Ryon Healy, is signing with the Hanwha Eagles of the Korea Baseball Organization (KBO). The one-year deal is worth up to $1 million. Healy will receive a guaranteed $500K salary, a signing bonus of $300K, and an additional $200K in incentives. Full Story The Korean Times (12/06)

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