Letzte Aktualisierung: May 25, 2021

Football: big money time is over

Xi Jinping's goal is clear: China should become a football power. And when the president wants something in the People's Republic, many things become possible: China's entrepreneurs invest billions, buy coaches, players, and entire clubs. Money is not an issue. The results for the new season are devastating: Many clubs are on the verge of going out of business. However, that doesn't necessarily harm the sport.

Just imagine it: Borussia Dortmund becomes the German football champion – and shortly afterward is kicked out of the Bundesliga. Unimaginable? Not in China. There, Jiangsu Suning won the Chinese Super League title for the first time – and only a few weeks later, stopped playing. The news caused ripples even as far away as Europe, and fans were shocked. "I can't believe it because we just won the league championship," Jiangsu fan Lan Zihan told Reuters news agency. But Jiangsu Suning's fate exemplifies the financial woes of Chinese professional football.
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