Newspaper article China Post

Fubon Financial & E-United Ink Rhinos Takeover

Newspaper article China Post

Fubon Financial & E-United Ink Rhinos Takeover

Article excerpt

(ProQuest: [...] denotes non-USASCII text omitted)

Fubon Financial Holdings ([...]) and the E-United Group, former owner of the EDA Rhinos, signed a memorandum of understanding (MOU) Wednesday for Fubon to become the new owner of the Chinese Professional Baseball League (CPBL, [...]) team.

Much of the focus was on whether Fubon, one of Taiwan's leading financial holding firms, would rename the team or appoint a new coach.

Fubon said the title is still under deliberation, but revealed the team will not be called the Fubon Braves ([...]) or Fubon Bulls ([...]), after other sports teams the group has sponsored.

According to local media reports, the team, currently based in Kaohsiung, will relocate to either Xinzhuang in New Taipei city or Taipei's Tianmu.

Yang Sen-lung ([...]), chairman of E-United's sports and entertainment subsidiary, said Fubon is set to become the new owner of the EDA Rhinos starting in November - after both firms' boards of directors pass the deal. …

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