Basketball Icon Stephon Marbury Joins China’s Sun Seven Stars’ New Sports Blockchain Group, Inks Deal with World’s Largest Fighting Event Media Rights Company

BEVERLY HILLS, Calif., April 25, 2018 -- Sun Seven Stars Investment Group, jointly founded by Dr. Bruno Wu and China’s premiere TV hostess and media entrepreneur Yang Lan, has announced that basketball icon Stephon Marbury will take on the position of chairman in their group’s new sports blockchain group.

In February, Marbury retired from basketball with numerous, career-related accomplishments under his belt, and they will always define the glorious “first half” of his career.

On the subject of the “second half” of his career, Marbury said, “It’s an honor to join Dr. Wu and Ms. Yang Lan’s Sun Seven Stars Investment Group. I believe this is a great enterprise, and we’ll be doing a lot of innovation in the sports blockchain sector. We’ll be part of the global sports sector, but we are also going to remake it.”

Marbury will direct planning and operations for its athletic products, content, and branding blockchain services. He will be entering the emerging sector of sports blockchain and, together with his new teammates, creating platforms for digital assets in sports.

Stephon Marbury, 41, is known for his 22-year professional basketball career and for being a two-time NBA All Star, a former top player with the New York Knicks, and a three-time CBA (China Basketball Association) champion.

In China, he’s hailed as the founder of the “Beijing Dynasty,” and the first foreign player ever to receive a Chinese “Green Card.” He’s been named an honorary citizen of Beijing and received the Great Wall of Friendship award.

The sports blockchain group for which Marbury will serve as chairman will focus on digital business services, including the production and distribution of digital assets such as sports indices and futures based on big data; the design and operation of B2B digital asset trading platforms for sports content, equipment, and authorized products; decentralized, biometric digital wallet management; and supply chain services for developing digital logistics and settlement with leading enterprises in the sports industry.

The big data assets created by these core business services will be made available in the future via sports cryptocurrencies with global distribution.

The group recently inked its first deal with Fighting Spirit, the world’s largest fighting event media rights agency and distribution company.

The agreement provides for the joint founding of the world’s first blockchain-based global fighting digital asset platform. According to the agreement, the sports blockchain group will serve as the controlling shareholder for this innovative enterprise with a seventy-percent stake.

Group Chairman Stephon Marbury said that the jointly funded fighting company will roll out blockchain-based sports platform services in several stages. First, the company will distribute financial derivatives based on global fighting events digital indices and fighting events trading markets. Then, in middle and later stages, it will conduct optimization of content distribution, digital wallets, logistics and settlement supply chains, and audience acquisition. Finally, it will form a blockchain-based all-in-one vertical platform, realizing full management of all fighting events related digital assets worldwide.

Fighting Spirit will also leverage its own strengths to integrate important league match resources into the jointly funded company’s blockchain platform. The sports blockchain group’s partnership with Fighting Spirit represents a beneficial exploration and innovation in the integration of blockchain technology and the sports industry.

Established in 1994, Fighting Spirit is the world’s largest fighting event media rights agency. With many years of experience in the fighting events industry, it currently has partnerships with 180 sports leagues, boasts content resources for over 5,000 high-level matches annually, and serves as a distribution agent around the world for MMA, boxing, Taekwondo, Karate, wrestling, Muay Thai, Brazilian jiu-jitsu and other combat arts, including fighting events of almost all forms.

In the current sports sector, value is not clearly defined, there are a dearth of business models, and resources are poorly allocated. This has led to a bottleneck in the industry. The emergence of blockchain technology – decentralized, tamper-proof, open, and autonomous – can remake the traditional industry’s business model and economic system from the bottom up.

This is precisely what the sports sector needs and lacks, according to the new venture’s partners, and Marbury’s team will tackle the challenge head-on.

About Sun Seven Stars Investment Group
Sun Seven Stars Investment Group was founded in 1999 by Dr. Bruno Wu and Ms. Yang Lan. Over the past 18 years, on the foundation built by Sun Media Group, Sun Seven Stars Investment Group has developed into one of Asia’s leading media and internet innovation investment groups in terms of scale and profitability. The company has investments in over ten cities worldwide and annual sales of over 10 billion USD.

About Fighting Spirit
Fighting Spirit, established in 1994, is currently the world’s largest fighting program rights agency. It currently has partnerships with 180 sports leagues, controls content resources for over 5,000 high-level matches annually, and serves as a distribution agent around the world for MMA, boxing, Taekwondo, Karate, wrestling, Muay Thai, Brazilian jiu-jitsu and other combat arts events, including fighting events of almost all forms.

Source:  Sun Seven Stars Investment Group

Sun Seven Stars Investment Group
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