Kokudo to sell Seibu Lions: | 日本のニュースを英語で読むならジャパンタイムズウィークリー


	UPDATE: Saturday, June 12, 2010 The Japan Times Weekly 2004年11月13日号（バックナンバー）

News

Affiliated sites

Kokudo to sell Seibu Lions: Nikkei

Seibu Dome

Kokudo Corp., a scandal-hit unlisted firm that operates the Prince Hotel chain and sports facilities, has decided to sell the Seibu Lions pro baseball team, the Nihon Keizai Shimbun reported Nov. 6 The business daily said Kokudo has approached at least two or three potential buyers.

The report said Kokudo is hoping that the new owner will take on all Lions players and continue to use the Seibu Dome in Saitama Prefecture.

The Pacific League team clinched its first Japan Series title in 12 years by beating the Chunichi Dragons of the Central League in October.

Kokudo has been rocked by a scandal over its shareholdings in group firm Seibu Railway Co.

Kokudo President Minoru Mikami is expected to resign to take responsibility for the scandal after the Tokyo Stock Exchange and financial regulators end their investigations on falsification by Kokudo and Seibu Railway of their financial statements, and shady sales of Kokudo's shareholdings in the railway operator.

Main Page　｜　Japan Times Online　｜　Subscribe　｜　link policy　｜　privacy policy