It might be too early to call it "normal," but since Chinese investors went after the NBA Cleveland Cavaliers basketball squad in 2009, the latest news that a Chinese investment group is now looking to purchase Liverpool F.C. doesn't seem all that surprising. Except for the little issue over the fact that it is the China Investment Corporation, a state-owned company established in 2007 under the Ministry of Finance using 1.55 trillion RMB. The corporation is charged with managing part of the country's foreign reserves, and is one of the world's largest sovereign wealth funds.
Posts tagged ‘soccer’
An article asking the question: Why have China's football beat reporters been left out of the league-wide investigations?
The China Football Association handed out another round of rulings this week, demoting Guangzhou Pharmaceutical and Chengdu Sheffield United from the China Super League after evidence showed the teams had bribed opponents during the 2006 and 2007 seasons. Additionally, Qingdao Hailifeng was disqualified after police said the team's chairman, Du Yunqi gambled during the end of a game, attempting to manipulate the score so Du could win more money. Both Du and the Hailifeng team captain were arrested. Global Times ran an article earlier this week outlining the new rulings.
“Steve” Yue Wang’s eyes light up when you talk football. He doesn’t have any favorite players or memorable moments, either from watching or playing. He can’t rattle off any statistics. He’s never really played the game. These are all things the average American has done if they’re into football.
But Wang isn’t American. He just knows he enjoys football.
“I know the game of soccer, but it isn’t worth it anymore,” says Wang. “I am tired of playing [soccer]. Football is so new, and it is just different.”