Chinese investors make up 70% of European clubs' foreign takeovers

Updated 2018-01-19 09:51:03

The latest UEFA European Club Footballing Landscape report has shown that more than 70 percent of all foreign takeovers in Europe's top 15 leagues involved Chinese investors.

The report said in the last two years, these investors acquired a total of 10 clubs in the top leagues in England, Italy, France, Spain, the Netherlands, as well as in England's second-division Championship.

Some of the most noticeable Chinese takeovers include a consortium of Chinese investors buying AC Milan for 740 million euros, the acquisition of Inter Milan for 270 million euros by retail giant Suning Commerce, and a Shanghai sports development company becoming the controlling shareholder of West Brom.

Chinese football had experienced a worldwide acquisition and spending spree as the county steps up efforts to improve its football strength on an international level.

Since 2016, the Chinese Super League has become the world's biggest spending football league for two years in a row as it tries to attract star players from some of the world's strongest clubs.

Alex Teixeira joined Jiangsu Suning for 50 million euros, the most expensive transfer deal worldwide during the 2016 winter transfer window.

Last year, Shanghai SIPG spent 60 million euros on Chelsea's Brazilian player Oscar, making him the most expensive in CSL history.

Some of the world's top coaches such as Luis Felipe Scolari and Marcello Lippi have also taken up jobs in China.

Things have slowly cooled down after the Chinese Football Association introduced new rules last season to regulate the domestic leagues.

Chinese Super League clubs now can only name three foreign players for each match instead of five, and will have to pay a "transfer tax" if they spend more than the stipulated amount on a player.

No high-profile transfers have been made in China so far this winter window.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 18 2019 04:27:55

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 18 2019 04:27:55

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 18 2019 04:27:55

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords