Inter Milan's Fredy Guarin (R) shoots and scores during the Italian Serie A soccer match against Inter Milan at the San Siro stadium in Milan, Italy, September 13, 2015. REUTERS/Giorgio Perottino China’s Orient Hontai has agreed to buy a majority stake in Spanish sports rights group Imagina for $1 billion, the latest deal from deep-pocketed Chinese investors to transform the Asian country into a global soccer powerhouse.
Chinese firm Orient Hontai is set to purchase a majority stake in Spain 's sports rights to Imagina - also known as Mediapro - for $ 1bn . Imagina owns the naming rights to the La Liga soccer championship . The move follows a pattern of investors from China buying up sports and entertainment assets abroad . However , the deal has yet to be authorised by the Beijing government , which has recently been cracking down on foreign soccer investments .