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.
Related Posts :
CEO Of The World's Largest Vaccine Manufacturer Flees India After Receiving Threats From The Rich And Powerful
Adar Poonawalla, chief executive officer of Serum Institute of India Ltd., poses for photograph in Pune, Maharashtra, India, on Wednesday, … Read More...
More countries REsist President Biden's Push To Waive Covid-19 Vaccine Patents
Prince Harry and Meghan Markle penned an open letter to vaccine makers urging them to suspend the patent protections to help developing cou… Read More...
Top U.S. General In Africa Says China Wants To Build A Major Naval Base In The Atlantic
US General Stephen Townsend, who heads US Africa Command, says China has designs on naval ports on the western coast of Africa, which woul… Read More...
Chinese Flights Through Taiwan’s ADIZ Doubled In April
This image supplied by Taiwan's Ministry of National Defense illustrates flight paths of People's Liberation Army aircraft on April 12, 202… Read More...
Iran State Media Releases Video Threatening A Missile Attack On Israel's Dimona Nuclear Facility
Israel Hayom: Iranian video threatens attack on Dimona nuclear facility
A video depicting an attack on Israel's nuclear resear… Read More...
0 Response to "China's Communist Party Is Ordering Chinese Investors To Pull Out Their Investments In European Football"
Post a Comment