openPR Logo
Press release

Major League Polo Announces 3.0 Billion Yuan Raise

06-09-2020 08:48 AM CET | Sports

Press release from: Major League Polo Properties, Inc.

Nigel Luk and Josephine Chien with Cartier team. ©

Nigel Luk and Josephine Chien with Cartier team. ©

HONG KONG — U.S. based pro polo sport league, Major League Polo (“MLP”) announced this week that it plans to raise 3.0 billion yuan (approximately $428 million U.S.) based on a 18.8 billion yuan valuation via a private placement. The firm said 1,1 billion yuan of the funds would be used for eSports technology research and product development and 1,9 billion yuan to replenish working capital. This private placement will initiate in June 2020 in the Asian markets, with China as its first placement availability to a limited investor group of up to 10 accredited individuals or entities.

MLP and luxury equestrian sports are key players in China’s push to be among the world’s first to build platforms where sports consumers can engage in a sport from their mobile, desk and Xbox or PlayStation platforms in a premium demographic.

Ninety-six (96) matches among its NPC and APC play-off brackets are slated to begin January, 2021 and run over a 12-week period, with 16 Live Broadcasts, 2 Semi-Finals and 1 MLP-World Series of Polo (MLP World Cup). Depending on the state of COVID-19 in the U.S. at the beginning of their season, like Wimbledon, Major League Polo will be using foresight in planning its broadcast events by investing heavily in vital pandemic event insurances to ensure player salaries and winnings as well as investing in expert sports data analysis and new technologies to broadcast their 96 bracket matches virtually to their fans.

The MLP SuperDraft can be viewed by subscriber fans on the official MLP website where they will be able to interact with their favorite polo players. The broadcast format will allow celebrity polo fans to pop in throughout the draft process as guest hosts and live commentators. According to both Alltech’s Steve Elliot and the U.S. Horse Council’s data, the annual economic impact of the equine and polo industry is significant: approximately $300 Billion dollars and 16 million full-time jobs - $102 Billion dollars of which is generated in the U.S. alone. With over 9.2 million horses and 2 million horse owners among its 328 million U.S. citizens, the MLP is expecting to continue growing its interactivity with horse owners steadily.

The upcoming MLP SuperDraft Live Stream Event will not only enable fan subscribers to connect with their favorite polo players in virtual chats but will feature special interactive merchandise giveaways and rewards for polo fans with and without horses. A side stream polo pony auction will be hosted simultaneously.

Major League Polo
5 Concourse Parkway
30th Floor - Suite 3000
Atlanta, GA 30328

ABOUT MAJOR LEAGUE POLO: Major League Polo is the first governing authority in polo to draft pro and collegiate players into its National and American Polo Conferences for U.S. City-based pro Polo Club team competitions. MLP has 16 U.S. City teams across the nation in its MLP World Series of Polo Championship Series that features the best of national and international polo athletes. Its MLP Digital division, through innovative sports gaming content, is focused on delivering classic game style competition on gaming systems and other live platforms, including social apps for mobile devices. Major League Polo is represented by Octagon Sports, a premier sports and entertainment agency.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Major League Polo Announces 3.0 Billion Yuan Raise here

News-ID: 2069941 • Views:

More Releases for MLP

11-29-2021 | Sports
Major League Polo
Major League Polo Creates HBCU “Black Ivy League” Collegiate Polo Program
Major League Polo (“MLP”), the official major league sport for Polo throughout 6 continents, has announced its goal of creating an official HBCU “Black Ivy League” collegiate Polo program at the 102 HBCU schools to mirror the 42 collegiate polo programs currently in place at traditionally non-Black university systems. MLP, through its newly created HBCU Collegiate Partnership Program (“HBCU CPP”), will implement a Division I and Division II collegiate bracketed
AI In Medical Hygiene Market Present Scenario, Demand, New Developments and Clin …
Latest Industry Research Report On global AI In Medical Hygiene Market Research Report 2020 in-depth analysis of the market state and also the competitive landscape globally. The AI In Medical Hygiene market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025. This report also includes the overall and comprehensive study of the AI In Medical
05-06-2020 | Sports
Major League Polo
Major League Polo Announces MLP SuperDraft Live Stream Event
Major League Polo ("MLP") announces a watershed moment in the sport with its MLP SuperDraft Live Stream Event on July 4, 2020. Polo players from around the world will participate in a 3-day live streaming event hosted from Atlanta, GA. Of the top 400 players deemed eligible, 128 will be advancing from the U.S., U.K. and Argentina minor leagues into Major League Polo to play professionally on 16 U.S. City-based
New study: Planetary Gearbox Market analysis, size, regional outlook, competitiv …
HTF MI recently introduced Global Planetary Gearbox Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are JVL, WMH Herion, WITTENSTEIN, Nidec-Shimpo, John Deere, VEX Robotics, Apex Dynamics,
Nanofibres Global Market 2018: Key Players – Catalytic Materials, Asahi Kasei …
Nanofibres Industry Description Wiseguyreports.Com Adds “Nanofibres -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database The Asia-Pacific Nanofibres market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Nanofibres by product, region and application, in addition, this report introduces market competition situation among
New Yorker Electronics expands capacitor line with Cornell Dubilier HVHR Flatpac …
NORTHVALE, NEW JERSEY – New Yorker Electronics has introduced Cornell Dubilier’s newest line of MLS/MLP Flatpack aluminum electrolytic capacitors into its vast product catalog. This expanded line includes a high vibration package, type HVMLS and a high reliability burn-in option, type HRMLS. Applications are mainly for military and commercial flight based power systems that require high energy density, high reliability, rugged capacitors for bulk storage, where relatively expensive wet tantalum