Connect with us

Hi, what are you looking for?

Features

NBA loses ‘hundreds of millions’ in China over Hong Kong tweet

NBA commissioner Adam Silver says he expects Chinese television to resume showing NBA games © GETTY IMAGES NORTH AMERICA/AFP / Stacy Revere

NEW YORK, United States, Feb 16 – NBA commissioner Adam Silver said Saturday the league expects to lose “several hundred million dollars” due to a row with China over a tweet by Houston Rockets general manager Daryl Morey supporting Hong Kong pro-democracy protesters.

The NBA’s Chinese sponsors cut ties in a fierce mainland backlash following Morey’s tweet in October, just before two NBA teams played pre-season exhibition matches in China.

State broadcaster CCTV also stopped airing NBA games for the country’s millions of ardent basketball fans and has not resumed.

“The magnitude of the loss will be in the hundreds of millions of dollars,” Silver told a press conference on the sidelines of the All-Star Weekend in Chicago.

“Probably less than $400 million, maybe even less than that,” he said.

However, “it’s substantial”, he added.

“I don’t want to run from that … But I don’t have any sense that there’s any permanent damage to our business there.”

The commissioner said he expected CCTV to resume broadcasts of NBA games but did not give a timeframe.

Advertisement. Scroll to continue reading.
Advertisement

More on Capital Sports

Football

NAIROBI, Kenya, May 25 – There is light at the end of the tunnel. After failed promises over the last three years since its...

Athletics

NAIROBI, Kenya, June 8 – Olympic Champion Caster Semenya and wife Violet Raseboya have hinted that they might be expecting a baby in a...

NFL

NAIROBI, Kenya, Aug 13 – Kenya’s history making Daniel Adongo, the first Kenyan to play in America’s National Football League (NFL), is now living...

Features

NAIROBI, Kenya, May 17 – The Kakamega High School ‘Green Commandos’ have produced a plethora of talent over the past decades in Kenyan football...

© 2020 Capital Digital Media. Capital Group Limited. All Rights Reserved