» 09/22/2012, 00.00
Shanghai, football stars Drogba and Anelka left without pay
The billionaire Zhu Jun, owner of Shenhua Football Club, has blocked the salaries of two players over a dispute with the public shareholders of the team. The two attackers are without pay since August. Their earn 15 million euro per year.
(AsiaNews / Agencies) - Attracted to Shanghai by the promise of billion dollar
contracts, the international soccer stars Didier Drogba and Nicolas Anelka are
without pay since August. The
billionaire Zhu Jun, top manager of the Shanghai Shenhua Football Club, decided
to block the huge salaries of two former Chelsea strikers. This
is to counter the hegemony of state enterprises, the main shareholder of the
team, who refuse to give 70% of Shenhua shares to Zhu and contribute to the
payment of the two champions. Both cost about 30
million euro per year.
is not very popular in China and revenues are low and in some cases
the local government of Shanghai has decided to develop its team convinced it
could attract greater international prestige and the attention of sponsors with
international players at the approaching the end of their career. Not
having enough money to manage the team, in 2007 the city authorities approached
billionaire Zhu to become a 28% shareholder, promising to give him 70% of the
shares once his investment topped 22 million euro. In
five years, Zhu has spent about 73 million, but its share has remained the same
June, the billionaire negotiated the purchase of Drogba and Anelka, in addition
to the Colombian midfielder Giovanni Moreno and coach Sergio Bautista. In
this way, the entrepreneur has increased his investment, but also contributed
to increasing the value of the team at an international level. The
lure of a possible future gain pushed the other shareholders, including major
public companies in media and entertainment in Shanghai, to block the sale of
the team to Zhu, who responded by holding the salary reserved for two players.
to analysts, the standoff between the billionaire and state-owned companies of
the Communist Party could be imitated by other entrepreneurs, tired of public
interference in economic affairs.
frustrated international stars of Shenhua have to yet to choose whether to play
for free and rely on the strength of their manager or terminate their contract
and give up their earnings. So
far, the Ivorian striker Drogba seems to
have chosen the former. After
a phone call to Zhu, on September 15, after a series of matches in the stands, the
player took to the field scoring all of the goals in the 3 to 0 win against
Liaoning Whowin, from Shenyang city, northeast China.
17/08/2016 16:37:00 CHINA
Hong Kong and Shenzhen bourses linked, but markets do not rejoice
Together they represent the second largest financial centre in the world with a market capitalisation of 7,400 billion dollars. A year after it was announced, the regulatory and supervisory authorities give the green light, but investors need time and trust to recover from the shock caused by Shanghai in August 2015.
Shanghai Composite Index drops 6.74 per cent today, 21.8 per cent in August
This is the second-biggest monthly loss since 1989. Tighter lending is one of the reasons after banks sustained companies during months of anaemic economic recovery. Experts expect further short-term losses, because of loss of confidence among investors among other reasons.
Top mining company responsible for major spill in Fujian, three top officials arrested
Zijin Mining Group admits toxic spill polluted Ting River, blames accident. Investigators say leakage was deliberate as witnesses point out that latest incident was the third since June. This time, Beijing appears to be serious about cracking down.
The value of property and financial stocks dropping
Investors are concerned about government moves in these sectors to fight rising inflation. Stakeholders wonder what Beijing will do. Tighter bank lending might cut liquidity to small enterprises, which are the engine of the economy. Experts propose raising salaries to deal with the situation.
Official gets death penalty for graft and embezzlement in pension fund scandal
Wang Chengming, former chairman of a state-run company, might see his sentence commuted to life in prison. The case brought down Chen Liangyu, a top leader in the Shanghai clique. More than 20 people have been arrested for embezzling pension funds for private use.
VATICAN - CHINA
The new bishop of Changzhi and the many voices on China-Vatican dialogue
The ordination will take place on November 10 in the Cathedral. The bishop had been appointed by the Holy See at least two years ago. But he was waiting for the green light from Beijing. Similar situation in Chengdu. Fears for the presence of excommunicated bishops. Reconciliation between illegitimate and official bishops is not brought about by political gestures, but depends on personal and canonical procedures. A meeting between the Chinese delegation and the Vatican is not "imminent".
24/10/2016 VATICAN - CHINA
21/10/2016 NEPAL - AFGHANISTAN
AsiaNews IS ALSO A MONTHLY!
AsiaNews monthly magazine (in Italian) is free.