Tsangs Group, an innovation-focused family office that bridges East and West, and the family office of entertainment technology pioneer John Textor have signed a partnership agreement to jointly invest globally in entertainment, sports, and media. Tsangs Group Chairman Patrick Tsang will act as a strategic advisor to John Textor for the Middle East and Southeast Asia, also providing specific counsel relating to his leadership interest in Eagle Football Holdings Ltd.
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Eagle Football Holdings Ltd. is a family of global football organisations with top-tier clubs and elite academies based in Lyon, London, Brussels, Florida and Rio De Janeiro. This includes a Multi Football Club Strategy along with a planned listing of Eagle Football Holdings Ltd. on the New York Stock Exchange (NYSE) in 2024.
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The reunion of Tsangs Group and John Textor is yet another opportunity to build on the success of their past collaboration, such as the enormously successful development of FaceBank Group, its acquisition of fuboTV Inc. in early 2020, and the IPO of the combined companies later that same year. Reaching a market capitalisation of more than $8 billion in late 2020, the NYSE-listing of Facebank/fuboTV proved to be among the most successful public offerings of 2020.
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“Tsangs Group is excited and looking forward to continuing to work with our good friend and partner, John Textor in entertainment, sports and media. He is a leader in this space and every time we have worked together, the outcome has been successful for all parties concerned,” said Patrick Tsang, Chairman of Tsangs Group.
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“We are delighted to strengthen our cooperation with Tsangs Group that has been so fruitful in recent years as Patrick always puts the excellence and uniqueness of any project first, and he has built a business network in Asia and the Middle East like no other,” said John Textor.
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John Textor, a former Chairman of fuboTV and digital media pioneer, is a key figure in U. S. and global sports, internet business, and a leading innovator in disrupting traditional media business models by merging the latter with hi-tech of the fourth industrial revolution.
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About Tsangs Group
Tsangs Group is an innovation-focused global family office that bridges East and West. It’s mission is to invest in global opportunities that allow us to exert positive influence and drive positive impact in Hong Kong, Asia and beyond. Headquartered in Hong Kong, Tsangs Group has direct investments across the world, we seek out positive impact investments that reflect our values of innovation, sustainability, and togetherness. Our strategy is opportunistic and both sector and location agnostic
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