The deal worth a reported $88 million will be fully owned by the chairman of little-known Recon Group.
A Chinese magnate has agreed to buy historic English football club Aston Villa, the latest in a series of investments from China into football worldwide as President Xi Jinping looks to make the country a global powerhouse in the sport.
Adidas North America Group President Mark King, discusses Kanye's "yeezy boost 350" footwear.
Adidas North America Group President Mark King provides perspective on the sale of golf brand TaylorMade, and what's working for the company.
The Leicester City soccer club was crowned the champion of the English Premier League Monday.
Nick Carn, founder of Carn Macro Advisors, discusses U.K. football team Leicester City's rise to the top of the Premier League.
Iwan Roberts, former-Leicester City player, explains the significance of his old team being close to winning the U.K. football Premier League.
Teams in the UEFA Champions League earn the most out of any other sporting tournament in terms of cash reward.
Former footballer, Sol Campbell explains why international football lessens chances for the younger U.K. players, when commenting on “Brexit.”
Former footballer, Sol Campbell says England has a “fantastic chance” in the UEFA Euro championships during 2016, with great attitude from the team’s younger players.
Former footballer, Sol Campbell talks about Arsenal, and whether Arsene Wenger is still the man to lead the football team.
Members of the US women's national soccer team filed a federal complaint for wage discrimination, according to the New York Times.
The former Brazilian soccer player says Samsung used his identity without permission.
Abby Wambach, FIFA Women's World Cup champion and two-time Olympic gold medalist, talks about the Olympic games in Rio this summer and fighting for gender pay equity.
Soccer's 20 biggest money-making clubs in the world generated as much as 6.6 billion euros ($7.18 billion) in revenues last season.
A crowdfunding campaign is hoping to send energy-generating soccer balls and skipping ropes to migrants living in Calais.
This year saw some seismic events take place around the world. CNBC looks back at some of the most significant.
FIFA president Blatter and UEFA president Platini face a lengthy ban from soccer.
Suspended FIFA president Sepp Blatter speaks at a press conference, following a ruling to ban Blatter from soccer for eight years.
Dionisio Pestana, Chairman of Grupo Pestana, celebrates the partnership with footballer Cristiano Ronaldo.