Skin ADV
14 February 2016
AsiaNews.it Twitter AsiaNews.it Facebook
Geographic areas




  • > Africa
  • > Central Asia
  • > Europe
  • > Middle East
  • > Nord America
  • > North Asia
  • > South Asia
  • > South East Asia
  • > South West Asia
  • > Sud America
  • > East Asia
  •    - China
  •    - Hong Kong
  •    - Japan
  •    - Macau
  •    - North Korea
  •    - South Korea
  •    - Taiwan

  • mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato


    » 09/22/2012, 00.00

    CHINA

    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.

    Shanghai (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.

    Football is not very popular in China and revenues are low and in some cases non-existent. However, 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 since 2007.

    In 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.

    According 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.

    Meanwhile, 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.

     

    e-mail this to a friend Printable version










    See also

    31/08/2009 CHINA
    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.

    16/07/2010 CHINA
    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.

    18/12/2007 CHINA
    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.

    21/12/2007 CHINA
    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.

    13/06/2006 ASIA
    World Cup in Asia amidst cheering monks, bookmakers under arrest and prizes worth a king's ransom
    In Beijing fans cheer and drink into the wee hours of the night, Iran invites all its champions to Germany and, lo and behold, North Korean TV might even broadcast some matches.



    Editor's choices

    CUBA – VATICAN – ORTHODOX
    Francis-Kirill meeting in Cuba: “Finally! We are brothers. We have everything in common”



    The first meeting in centuries between the Pope and the Patriarch of Moscow took place in a relaxed and fraternal atmosphere. Two hours of private talks were followed by the signing of a Joint Declaration. As he thanked Raul Castro, the pope said, "If things continue like this, Cuba will be the capital of unity." Both leaders are committed to defending Christians around the world and support "the foundations of morality, the family and the person".


    VATICAN – CUBA – ORTHODOX
    Francis and Kirill: Orthodox and Catholics united vis-à-vis persecuted Christians and the secularised West



    In the Joint Declaration signed in Havana, the Pope and the Patriarch of Moscow emphasise the world’s evils and the need for Christians to bear witness together. Both stand for the natural marriage of a man and a woman, the right to life, and the need for inter-faith dialogue. Both are saddened by the scandal of division, and jointly appeal for an end to religious persecution, for peace in Ukraine and for unity based on "tangible gestures." The full text of the Declaration follows.


    AsiaNews IS ALSO A MONTHLY!

    AsiaNews monthly magazine (in Italian) is free.
     

    SUBSCRIBE NOW

    News feed

    Canale RSScanale RSS 

    Add to Google









     

    IRAN 2016 Banner

    2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®