Its well known that China told BlackRock that if they want to do business in China they will have to push CCP agenda in US. BlackRock pushed ESG/DEI poison pills, got radicals on Exxon to cut production 25% among other things. BR is the gang that sees undercutting US as a goldmine. Foreign countries (and others) see US sports as great propaganda tools
"ESG has grown in importance and value, moving beyond a niche set of investors to large institutional investors and hitting a watershed moment three years ago when BlackRock CEO Larry Fink, the world’s largest institutional investor, declared in his annual letter that companies should get on the right side of ESG or get out of the BlackRock portfolio."
Investors have a vested interest in understanding the Chinese Communist Party’s relationship with corporate environmental, social, and governance regulations. By holding all industries accountable to strong standards, business and society will benefit.
www.csis.org
"BlackRock invests in about 30 subsidiaries of Chinese defense contractors that have been banned since 2022 by the Treasury Department."
BlackRock invests in about 30 subsidiaries of Chinese defense contractors that have been banned since 2022 by the Treasury Department.
www.newsweek.com
American sports had remained one of the few sectors in American society that was largely insulated from foreign influence. Until now.
www.sportsbusinessjournal.com