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Nissan Weighs Sale of 75% Yokohama F. Marinos Stake

The automaker is pursuing broad cost cuts following a ¥670.8 billion annual loss.

Overview

  • People familiar with the talks say Nissan has approached multiple companies and hopes to narrow potential buyers by year-end.
  • A major technology company is cited by sources as a possible suitor for the club operator.
  • Nissan requested a one-year cut to the Nissan Stadium naming-rights fee to ¥50 million from the Yokohama city government.
  • The company declined to comment on a sale and said no move has been announced.
  • Yokohama’s mayor voiced support for the club’s continuity as the team’s long-standing corporate backer reviews its holding.