A second division Spanish club taking a small stake in a third division Chinese club won’t make global headlines, but it could see the start of a wave of foreign investment in Chinese football, now that outbound acquisitions have effectively been stopped.
A year ago, Chinese companies were rushing full steam ahead to invest in – or buy outright – soccer clubs from around the world. From Aston Villa and West Brom to Espanyol and Inter Milan, the first waves of investment appeared to herald many more deals. This headline in The Telegraph from September last year, for instance, claimed that another 30 Chinese billionaires were looking to buy clubs.
How quickly things change.
It clearly takes a lot to tempt Italian coaching legend Marcello Lippi out of retirement for one last job, but fortunately for him there are some very deep pockets in China.
While Lippi will be officially announced as the new coach of China’s national soccer team on Friday, reports have revealed that he and his team – of whom former Everton star Li Tie will be a part – will collect 20 million euros annually over an initial two-year term.
Given China’s precarious state in the final round of AFC qualifying – bottom of Group A after four games – it’s less like a final throw of the dice than a refusal to accept that the die has already been cast.
In the video below, China Sports Insider’s Mark Dreyer discusses the Lippi hiring on CCTV News, with Yan Qiang, Tian Wei and Simon Pusey: Continue reading Lippi cashes in on China’s Mission Impossible
10 games over the next 12 months will determine whether or not China can qualify for the FIFA World Cup for just the second time in history.
Chinese football added another two major clubs to the country’s portfolio, as the government-backed soccer drive shows no sign of slowing down.
With the sporting world’s attention zeroing in on the Rio Olympics, China’s football industry – as has been the case repeatedly this year – stole back the spotlight. West Brom became the first English Premier League club to be acquired by a mainland Chinese owner. Then, just hours later, AC Milan joined the club as a Chinese consortium took full ownership from Silvio Berlusconi, following the lead of its cross-town rival Inter two months ago. Here are five thoughts on the day’s dealings: Continue reading West Brom, AC Milan added to China’s trophy cabinet
Thousands of Chinese soccer fans went home very disappointed last Monday evening, following the cancellation of the much-anticipated Manchester derby, after rain the previous week had left the pitch at the Bird’s Nest stadium in an unplayable state. Coupled with less than stellar pre-season tours in previous years, it’s hard to see many top Premier League teams jumping at the chance to return to China, especially when trips to the US and elsewhere are so much more enjoyable.
The expected resumption of hostilities between Pep Guardiola and Jose Mourinho, the new coaches of City and United respectively, had shone an unusually bright spotlight on this pre-season friendly, which, unfortunately, only served to highlight the inadequacies of the event’s preparation.
I spoke to Sky Sports reporter Johnny Phillips last week for a piece he did on the increasing amount of Chinese investment directed at English football clubs in recent weeks. Editors being as they are, only a few selected highlights appeared in the finished article, but we covered a lot of ground, so here is an uncut version (completed shortly before the Wolves deal – the latest of the Chinese takeovers – was announced), touching on why rumours spread so quickly, West Brom’s possible owner and his plans for world domination, Sven spouting nonsense and why Wolves fans are probably sleeping better than Villa ones at the moment.
The CSL’s summer transfer window saw yet another record fee paid, as more international players arrived in China, but the league’s top scorer, Demba Ba, is looking at months on the sidelines after a bad leg break.
It is a measure of how much the pulling power of the Chinese Super League (CSL) has exploded over the past year that the summer transfer window, which closed last week, contained a handful of blockbuster deals, but was still considered quieter than expected.
China’s long-term soccer plan calls for the country to be a global force in the game by 2050, but if China’s latest football project comes off, it would arguably become a major footballing power long before that.
The plan has been laid out by the Chinese government, backed, of course, by President Xi Jinping, but the latest moves have come from one of the country’s biggest companies – Wanda, whose boss just happens to be China’s richest man.
AC Milan is the latest in a long line of European football targets picked out by Chinese investors – and it won’t be the last.
On the football pitch, the Italians are known for a slow, tactical style that, while effective, can bore an opponent into submission.
Off the pitch, it may also be a similar story.