Title : China's Communist Party Is Ordering Chinese Investors To Pull Out Their Investments In European Football
link : China's Communist Party Is Ordering Chinese Investors To Pull Out Their Investments In European Football
China's Communist Party Is Ordering Chinese Investors To Pull Out Their Investments In European Football
President Xi Jinping now only wants to see investment in football if it benefits China
DW: China's Communist Party forcing investors to pull money out of European football
A few years ago, China was aiming to become a major player in world football. International stars were lured to the domestic Super League and investors bought up European clubs. This is all over.
Imagine the following scenario: Borussia Dortmund win the Bundesliga and then a few months later are banished by the German Football League (DFL). Sounds unthinkable, right?
Not so in China. There, Jiangsu Suning were still celebrating winning the championship in November when the eastern Chinese club had their license revoked. The Chinese Football Association was out to make an example of the club.
Read more .....
WNU Editor: You do not make money from a sports team. You only make it when you decide to sell it. This is not a smart business decision from Beijing. And it looks like President Xi is not a fan of soccer.
President Xi Jinping now only wants to see investment in football if it benefits China
DW: China's Communist Party forcing investors to pull money out of European football
A few years ago, China was aiming to become a major player in world football. International
Imagine the following scenario: Borussia Dortmund win the Bundesliga and then a few months later are banished by the German Football League (DFL). Sounds unthinkable, right?
Not so in China. There, Jiangsu Suning were still celebrating winning the championship in November when the eastern Chinese club had their license revoked. The Chinese Football Association was out to make an example of the club.
Read more .....
WNU Editor: You do not make money from a sports team. You only make it when you decide to sell it. This is not a smart business decision from Beijing. And it looks like President Xi is not a fan of soccer.
Thus articles China's Communist Party Is Ordering Chinese Investors To Pull Out Their Investments In European Football
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