Xinhua Sports & Entertainment

Xinhua Sports & Entertainment

Formerly called	Xinhua Finance Media Limited
Former type	Public
Traded as	NASDAQ: XSEL (ADS)
Industry	Media
Fate	liquidated
Founded	2005
Defunct	2011
Number of locations	Beijing, China (de facto) Grand Cayman, Cayman Islands (registered office)
Area served	China
Key people	Zheng Jingsheng () (Chairman) Fredy Bush (CEO)
Revenue	US$99.231 million (2009)
Operating income	(US$222.028 million) (2009)
Net income	(US$311.575 million) (2009)
Total assets	US$242.559 million (2009)
Total equity	(US$26.170 million) (2009)
Owner	Patriarch Partners (24.0%) Xinhua Finance (18.7%) Yucaipa (8.7%) Fredy Bush (6.0%)
Website	XSEL.com
Footnotes / references in a consolidated basis

Xinhua Sports & Entertainment Limited (XSEL) was a Chinese media company which was delisted in 2011, as well as the arrest of top management of the firm. The company was known as Xinhua Finance Media Limited until 2009.

In 2007 the state-owned enterprise Xinhua News Agency even declared that they have no relation with XSEL's parent company Xinhua Finance.

In 2013 Fredy Bush, former CEO was jailed.

Xinhua Finance Media Limited was incorporated in the Cayman Islands on 7 November 2005. The company was listed in NASDAQ in March 2007.

On 2009/03/02, XFMedia has changed its name to Xinhua Sports & Entertainment Limited (XSEL).

In 2011, follow the exposure of the real financial condition of the company which ended as liquidation, Lynn Tilton sued former friend and CEO of XSEL, Fredy Bush, for fraud.