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Latest Richard Tsai News

Fans urge CPBL name change to end confusion

Apr 22, 2022

Fans urge CPBL name change to end confusion NOT CHINESE: CBS Sports reported that Taiwan’s Tsai family owns the ‘Fubon Guardians baseball team in China,’ apparently confused by the name of the league By Jason Pan / Staff reporter Sports fans have renewed calls for Taiwan’s professional baseball league to change its name after foreign media mistakenly reported that the Fubon Guardians play in China. In a report about the potential purchase of English Premier League soccer club Chelsea by a consortium that includes the Tsai (蔡) family of Fubon Financial Holding, CBS Sports reported in an article online that “Taiwan’s Tsai family is involved. They own the Taipei Fubon Braves basketball team, which plays in the ASEAN Basketball League, as well as the Fubon Guardians baseball team in China.” The Guardians play in Taiwan’s Chinese Professional Baseball League (CPBL), which apparently was the cause of the misreported information. Fubon Guardians players celebrate a win in the CPBL at the Sinjhuang Stadium in New Taipei City on April 8. Photo: Chen Chih-chu, Taipei Times The Guardians’ home park is Sinjhuang Stadium in New Taipei City, while the Braves are the defending P.League+ champions. The Braves were previously in the Super Basketball League, although the ASEAN competition has not been held since the COVID-19 pandemic began. Fans of Taiwanese sports have asked that the name of the CPBL be changed, with suggestions including the replacement of “Chinese” with “Taiwan” or “Formosa” the most popular, while some proposed using “Chunghwa” (中華). The consortium is seeking to buy Chelsea after the British government imposed economic sanction on Russian owner Roman Abramovich due to Russia’s invasion of Ukraine. Daniel Tsai (蔡明忠) and Richard Tsai (蔡明興) are the main owners and proprietors of Fubon Financial Holding, which, including its subsidiaries, as of the end of last year had unaudited total assets of NT$10.51 trillion (US$359.19 billion), the second-highest among financial holding companies, the firm’s Web site said. The Forbes list of Taiwan’s 50 richest people has Daniel Tsai and Richard Tsai third, with a combined net worth of US$7.9 billion. The Chelsea bid also includes British businessman Martin Broughton, Formula One driver Lewis Hamilton and US tennis star Serena Williams, along with Canada’s Rogers family, which owns Rogers Communications-backed Major League Baseball team the Toronto Blue Jays. Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

Richard Tsai Investments

3 Investments

Richard Tsai has made 3 investments. Their latest investment was in Mitra Chem as part of their Series A - II on November 11, 2021.

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Richard Tsai Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/15/2021

Series A - II

Mitra Chem

$7M

No

4

6/28/2021

Series A

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$99M

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10

4/16/2012

Series A

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$99M

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0

Date

11/15/2021

6/28/2021

4/16/2012

Round

Series A - II

Series A

Series A

Company

Mitra Chem

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Amount

$7M

$99M

$99M

New?

No

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Co-Investors

Sources

4

10

0

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