Tsangs Group, Hong Kong-Shenzhen Innovation and Technology Park sign a MoU to Spur Growth in the Greater Bay Area

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.

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. 

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.

“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. 

“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.

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. 

About John Textor
John Textor is the majority owner and Chairman of Eagle Football Holdings Ltd., the leading shareholder of Olympique Lyonnais (Lyon, France), Botafogo Futebol (Rio de Janeiro, Brazil), Racing White Daring Molenbeek FC (Brussels, Belgium) and Crystal Palace Football Club (London, UK).

In addition to professional football club ownership, Mr Textor is a globally recognised, pioneer and developer of disruptive technologies, creative content, and digital distribution business models for media, entertainment and the internet. Mr Textor is the retired Executive Chairman (and formerly the largest shareholder) of fuboTV Inc. (NYSE: FUBO), an American streaming television service that focuses primarily on channels that distribute live sports, including NFL, MLB, NBA, NHL, MLS and international soccer, plus news, network television series and movies. Mr Textor previously served as Executive Chairman, CEO and Head of Studio of Facebank Group, Inc., a developer of digital human likeness for celebrities and consumers, which acquired fuboTV Inc. in April 2020. Facebank Group, Inc. formally changed its name to fuboTV Inc. in August 2020. In October 2020, fuboTV listed on the New York Stock Exchange, ultimately reaching a peak market valuation of more than $8 billion, becoming one of the most successful IPOs of 2020.

For more information please visit: https://www.johntextor.org/

About Eagle Football Holdings 
Eagle Football is a family of global football organisations with top-tier clubs and elite academies based in Lyon, London, Brussels, Florida and Rio De Janeiro. Its clubs collaborate to maximise competitive advantage through access to their global network of talent.

For more information please visit: https://www.eaglefootball.com/

About Tsangs Group
Tsangs Group is an innovation-focused global family office that bridges East and West. Our 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.

From fintech to entertainment to space travel, we are always investigating, analysing, and supporting the cutting edge of global innovation and development.

For further information:

Tsangs Group
Andre Kwok
Tel: +852 2361 3923
andre.kwok@tsangsgroup.co

Selena Sandhu
+1 628 588 7059
selena.sandhu@tsangsgroup.co