E-Mart, an affiliate of Shinsegae Group, announced on the 23rd that it has signed a main contract with SK Telecom to acquire SK Wyverns, a professional baseball team.
SK Telecom signed a stock trading contract to acquire 100% of the club’s shares (1 million common stocks) for 100 billion won.
The sale of SK Telecom’s land and buildings amounting to 3,280 billion won will be proceeded with a separate contract, E-Mart said.
E-Mart explained, “We decided to acquire (stakes) in order to attract customers through synergy and link marketing, baseball-related PL (self-developed) products, etc. through enhancement of brand power such as E-Mart and SSG. .
E-Mart also completed the application for membership in KBO (Korea Baseball Commission).
According to E-Mart, schedules such as the inauguration ceremony of a new professional baseball team have not been confirmed yet. As the KBO league demonstration game starts on the 20th of next month, it is known that the club name and emblem will be confirmed and held at the beginning of next month at the latest.
E-Mart also signed a contract with Shinsoo Choo, who is a major league free agent, for an annual salary of 2.7 billion won.
An official from Shinsegae Group said, “I have been listening to the voices of Incheon fans who want to sign Choo Shin-soo right after the decision to take over the baseball team.
Reporter Kim Hyun-joo [email protected]
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