Rumors that Li Ning Spain's bankruptcy

A number of Spanish media reported on the 8th that the "Li-Ning Sportswear Company" registered in Spain has declared bankruptcy. According to the “National News”, Li Ning Company has many business contacts with Spanish football and basketball clubs, and its bankruptcy will affect the supply of players’ clothing. Allegedly, football clubs such as Zaragoza, Las Palmas, Celta Vigo and Recreativo, basketball clubs Málaga, Kahalabela and Badajona Ventut will all be "different The degree of harm." There is a Western media tune that players need to prepare for the naked debut.

Another Spanish mainstream newspaper, the Aspen newspaper, stated that Li Ning’s Spanish subsidiary announced the news of bankruptcy and business reorganization last Friday, and its cooperation agreement with many clubs in Spain was invalidated. The report said that Li Ning began cooperation with the Spanish club in 2004 to provide design and production of professional jerseys, allegedly, Spain's uniform for the 2008 Beijing Olympic Games was provided by Li Ning.

Spain’s “5th Daily” stated that Li Ning had rented a 800-square-meter luxury office in the Madrid Commercial Center. The company borrowed the famous name “Li Ning” to be unobstructed in the Spanish clothing industry and established a logistics center in Barcelona and Valencia. . However, with the deepening of the economic crisis in Spain, Li Ning Company apparently suffered irreparable fiscal deficits and eventually went bankrupt.

On the 8th, Li Ning Beijing company sales manager of a wealthy name told the Global Times reporter that he was unaware of the bankruptcy of the Spanish subsidiary.

Western media claimed that many club managers who signed contracts with Li Ning were battered by the bankruptcy of their subsidiaries. Some teams just entered the season's preparations for this year. “The unexpected bad news has caused the team to be in trouble”. Some media spoke on the 8th, saying that let the Spaniards play naked.

The Royal Zaragoza football team and Li Ning signed a contract for three seasons of clothing. Its team manager said on the 8th that he intends to negotiate with Li Ning to find a solution that will not affect the 2012-2013 season. The head of the Spanish Basketball Association claimed that the bankruptcy of Li Ning’s Spanish subsidiary did not affect the production and operation of its Chinese head office. “The Spanish Basketball Association is a contract signed with Li Ning headquarters and believes that Beijing Head Office will continue to perform the contract”.