Football is now solid on China´s agenda - Rowan Simons

Rowan Simons

President Xi Jinping´s love for football has put the sport solid on China´s political agenda. This year US$300 million was spend to buy European football players, all apart from the big names. China football expert Rowan Simons has for CNN a look at the way how the football happiness plan works.

Rowan Simons:

For many decades, football wasn't considered a career in China. Unless it was to be your profession, why waste time playing it? The selected few did play, relentlessly, until either rejected or forced to labor for match-throwing club owners.

Now it is springtime. Football has been rehabilitated by Xi and has become "voluntarily compulsory' -- known as "yiwu" -- both inside and outside schools across the nation.

Naturally, there is plenty of room for tangential translation and overzealous short term campaigns. Building pitches is considerably easier and quicker than building well-coached teams to play on them. One education bureau was even accused of showing its over-commitment by banning basketball and volleyball -- something that it denied. 

By definition, a presidential fast-track football revolution will last only as long as its maker. The clock is ticking and so far the Chinese FA has been unable to follow Xi's instructions to reform itself. This is his flagship policy. 

And once -- if -- the teams of superstars like Lionel Messi and Cristiano Ronaldo can be tempted to sell their prize assets for bundles of cash, Chinese club owners will start looking at their expensive foreign stars whose salaries no longer impress the president. Of course, he may not be impressed already. He should say. 

For all the inefficient allocation of resources symbolized by the transfer window and all the uncoordinated construction of huge pitch complexes for phantom teams, this unprecedented momentum cannot help but move Chinese football in the right general direction. 

If nothing else, after 30 years of working hard, many millions of Chinese families are ready to spend some money having fun. Alongside cinemas and shopping, city stadiums and local parks should be full. 

As Xi well knows, China's transition to a happy modern society depends on it.

More at CNN.

Rowan Simons is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

Are you looking for more political experts at the China Speakers Bureau? Do check out this list.

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Clueless Chinese soccer clubs on a spending spree - Rowan Simons

Rowan Simons

The now-closed shopping spree for soccer players by Chinese clubs has taken the industry by surprise: over 40 players moved East in the past months. But China soccer expert Rowan Simons does not think this is necessarily a smart move, he tells the Daily Mail.

The Daily Mail:

Late last year, state-backed investment firm China Media Capital was part of a consortium that bought a $400 million stake in Premier League giants Manchester City. 

The enthusiasm has driven the premium prices for talent, according to Rowan Simons, an author and prominent commentator on Chinese football. "The buying spree is spurred on by the wish to please the president, so money is no object", said Simons, adding that the country "is a naive new buyer in this very small market and is ill-equipped to negotiate effectively against the super-agents who wrote the book".

More in the Daily Mail.

Rowan Simons is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

Are you interested in more stories by Rowan Simons? Check out this list.  

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Football transfers under threat after market reshuffle - Victor Shih

Victor Shih

The recent downturn in the stock market and the government restrictions on money capital transfers might hit transfers in China´s football leagues, says financial analyst Victor Shih to Associated Press. “It is a general problem for wealthy people in China who are major shareholders in companies,”

AP:

Guangzhou’s co-owner Jack Ma alone reportedly lost $3 billion and investors big and small alike suffered precipitous falls in the value of their investments. 

Victor Shih, a Chinese financial and political expert at the University of San Diego’s School of Global Policy and Strategy, believes that the market decline, and new regulations limiting liquidity, means transfer spending faces a major trim. 

“It is a general problem for wealthy people in China who are major shareholders in companies,” Shih told The Associated Press. 

“The emergency decree issued on July 8 prohibits any shareholder who owns over five percent of a company from selling these shares in the next six months. This is going to be a big problem for some people as they won’t be able to liquidate their wealth, if the shares are listed overseas, they will be OK. In this environment, it is certainly possible that major non-essential spending, like that on a soccer club, could be affected.”

   

More at AP. 

Victor Shih is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´ request form. 

Are you looking for more financial experts at the China Speakers Bureau? Do check out this list.  

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