A bit in the Economist on Chinese overseas investment by
Steve_M 2 Jul 2017 11:48Only tangentially about football but Chinese banking regulators seem to be clamping down on the debt of certain companies. As the article points out, such moves are usually politically directed and may hint at a reduction in spending overseas, especially where funded by debt.
"There is, however, a clear political message in the regulator’s directive. It is that the Communist Party decides what companies can and cannot do with their cash overseas."
http://www.economist.com/news/china/21724433-campaign-clean-up-financial-system-turns-overseas-deals-china-warns-its-banks-about
It may mean nothing much for the Chinese -owned football clubs, benign ownership expands Chinese soft-power in the same way that Abramovich's ownership of Chelsea and Gazprom's sponsorship of European football is meant to do for Russia. Or owners could be told to stop the spending which might be catastrophic for some clubs.
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
