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.
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.
China’s winter sports push continues with arrival of professional ice hockey franchise in the capital.
Russian President Vladimir Putin arrives in Beijing this weekend and is set to sign around 30 new deals with Chinese President Xi Jinping, but the most interesting of all from a sporting perspective will be fresh details about Beijing’s new franchise in the Kontinental Hockey League (KHL), Russia’s answer to the NHL.
Tony Xia has been hailed in some quarters as Aston Villa’s knight in shining armor, but how much is really known about the Chinese businessman?
Reading the Meet our new Owner introductory page on Aston Villa’s official website, new chairman Tony Xia ticks all the right boxes: young, presentable, well-educated, former player, long-time Villa fan and – as an employer of 35,000 people in 75 countries – presumably also fantastically rich.
Pretty clear, right? Well, actually, no. As this article from shougolf.com points out [in Chinese], it turns out that the Washington Post and the BBC (its two main targets) and others jumped the gun somewhat on their “China bans golf/golf club memberships” headlines.
In a few hours’ time, IOC President Thomas Bach will announce either China’s capital, Beijing, or Kazakhstan’s largest city, Almaty, as the host of the 2022 Winter Olympic Games. Here are some reasons why China should be confident of success – and some reasons to worry:
How’s this for a conspiracy theory? With Chinese President Xi Jinping’s anti-corruption campaign showing no signs of abating, and all manner of tigers and flies being caught in the net, a particular target of the crackdown is the gambling mecca of Macao, which had grown so fast it was bringing in SEVEN times as much as Vegas as of a year ago.
Chinese President Xi Jinping can do many things, but bringing a World Cup to China won’t be one of them.
We’ve covered Xi’s love of soccer – manufactured or otherwise – several times here on China Sports Insider, but the subject is back in the news again after his recent comments on promoting the game in China. First thoughts are the moves being made do look like sensible, long-term overhauls, rather than the short-term, quick fixes that government officials have previously initiated solely to gain attention and/or promotion (see Beckham, David).
With the Nanjing Youth Olympic Games (YOG) drawing to a close earlier this week after receiving little to none global attention, the few people who were watching have been debating the merits of the spectacle. In general, those who were there appear to have been won over by the Chinese penchant for ‘Bigger is Better’, while those who weren’t were more than happy to pile on.