I know nothing of the CSL other than the $$$$ they have, how many clubs are there and is it EVERY club that is owned by multi billionaires?
The way these clubs are owned by companies are in some way similar to Red Bull bankrolling the likes of RB Leipzig & RB Salzburg or to a lesser extent, Wolfsburg - Volkswagen and Stuttgart - Mercedes-Benz.
Dated 2016:
[article]For a long time now, the focus of a number of solvent companies has been on soccer – until now especially in Europe: The Wanda Group has a 20 percent stake in Atletico Madrid and automotive manufacturer Rastar is the majority owner of Espanyol Barcelona. Together with his partners, media billionaire Li Ruigang has invested 400 million euros in Manchester City, and energy company CEFC bought Slavia Prag outright.
The patrons of the CSL are likewise major companies or rich private individuals. For example, billionaire Jack Ma has invested millions in series champion Guangzhou Evergrande. Yet the founder of online platform Alibaba has admitted he can’t do anything with soccer.
The Wanda Group is now not only an investor in Atletico Madrid, but is sponsoring the CSL as well. The owner of Wanda is Wiang Jianlin, whose estimated net worth of 33 billion euros makes him the richest man in China.
When it came to transfer expenses for winter 2016, the big bucks were spent by
Jiangsu Suning FC. The club
belongs to the Suning Commerce Group, which operates thousands of electric companies in China.
Its founder, Zhang Jindong, is a member of an advisory committee for the Chinese government.
And heavy investments were made in the second league as well: The company Quanjian Natural Medicine invested in Tianjin Quanjian. And money has been thrown around ever since.
For the sake of comparison: The 16 clubs in China’s second league spent more this transfer period than the Bundesliga’s 18 clubs.
In addition to these billionaires and their companies –
just like in the Premier League – a TV deal has been made to cover the necessary financial means: Li Ruigang, owner of China Media Capital, invested 1.2 billion euros in the broadcasting rights in China for the next five years – an astronomical sum when you consider that, according to Forbes, the league gave away the TV rights for a little over seven million euros in 2014.
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