PLG Kaohsiung Ironmen recently went to the Association Alliance, accusing them of being treated unequally, and asked the president, Zhang Sihan, to come forward and uphold justice for them. The league also issued a statement afterwards, stating that when the Steelers previously changed their major shareholders, they failed to notify the league in writing for future reference in accordance with league regulations. In response to this, the Ironmen team issued another statement today (21st), saying that it had completed the replacement on the 17th. At the same time, it also revealed that it was squeezed out because of its Hong Kong shareholders, and was even threatened to sell its shares at a low price. The matter continues to this day. , both sides say their own things, and let the outside world look at things in a fog.
PLG Kaohsiung Ironmen accused on Facebook on the 13th that they were stigmatized by malicious people through unfair means, with the intention of forcing the team to withdraw from the Taiwan Professional League, and used various means of threats and inducements to pressure them to leave Kaohsiung, which would seriously affect the interests of shareholders and sponsors. Although the Iron Man is willing to invest, he also said that he will not give up and will fight back against all conspiracies.
The next day, the Steelers issued another statement regarding the team’s financial structure, emphasizing that the team’s foreign investment was approved by the Investment Review Committee of the Ministry of Economic Affairs and was completely legal. However, there are still people spreading rumors outside, and even within the association and league, they are seizing on this point to talk about it. They made unfair demands, clearly intending to suppress them, and asked Chairman Zhang Sihan to review and deal with the current unfair and unreasonable actions against the Iron Man from a fair, open and just position.
Today (21st), the Steelers issued a statement for the third time, stating that they had completed the supplementary documents last Friday (17th) regarding the association’s request for supplementary written documents on shareholder changes. However, due to Hong Kong shareholders, they were squeezed out by other teams. , and were even threatened to ask Hong Kong shareholders to sell their equity at a low price, otherwise the Steelers team would withdraw from the Taiwan Professional Basketball Team. The Steelers shouted, “Our various industries have been wiped out by some monopolistic companies that have eliminated the promotion and development of young people.” Entrepreneurship opportunities, I hope the pure land of basketball and sports industry will not be polluted.”
Full text of Kaohsiung Iron Man statement:
In response to the recent request from the P.LEAGUE+ Association of Kaohsiung Steelers Team Company (Kaohsiung Yule Co., Ltd.) to supplement the written documents for shareholder changes, the Steelers completed the supplement last Friday. The following is a further explanation of our team to show public credibility.
The association is squeezing out the Steelers because they have Hong Kong shareholders, and has even been coerced by one or two teams to ask the Steelers’ Hong Kong shareholders to sell their equity at a low price, otherwise the Steelers will withdraw from the Taiwan Professional Basketball Association.
As the founding shareholder of the Iron People, Hong Kong shareholders invested in professional basketball because they love basketball, not because they can easily make profits! In the past two years, the Steelers have worked hard to create a good environment, spending a lot of money to find talents and welcome famous players to join. No matter whether it is players or management, the related expenses are high. The cost of these expenses is through the company’s capital increase to have more funds to implement.
However, after the board of directors notified other local shareholders of these capital increase procedures, no one was willing to invest. Only the association league and some teams criticized the so-called Hong Kong capital for the sake of good development and performance of the team in Kaohsiung, regardless of losses. Invest.
Precisely because after successive capital increases, the company’s paid-in capital has been increased from 54 million to 200 million, but no other shareholders such as Wangbao International (Wu Tongqiao), He Jiajing and other local shareholders are willing to donate money to save the team’s urgent funding shortage. On the contrary, Hong Kong investors became the major shareholders due to their investment.
If the association and some football teams are so resistant to Hong Kong investment, for the sake of the development of the teams, they will be very happy to accept the capital increase from the shareholders of the association or these two teams and develop the Steelers together.
Young people in Taiwan need more space to grow. Our various industries have been wiped out by some monopolistic companies that have eliminated young people’s promotion and entrepreneurial opportunities. We hope that the pure land of basketball and sports industry will not be polluted.
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