SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (127727)1/5/2017 10:50:23 AM
From: elmatador  Read Replies (1) | Respond to of 217591
 
China vows to curb record spending on football transfers
Sports agency warns against irregular payments after local clubs sign star players
by: Tom Hancock in Shanghai

China’s top sports administrator has vowed to cap spending by football clubs, accusing them of burning money and paying excessive wages to foreign players.

The General Administration of Sport of China made the pledge after several signings during the winter transfer window smashed already high records.

Among the deals, Shanghai SIPG bought Brazilian midfielder Oscar from Chelsea rumoured to be as high as £60m, and Shanghai Greenland Shenhua, a local rival, signed a two-year contract with Argentine striker Carlos Tevez reported to be worth more than $20m per season.

Chinese clubs have made a string of record-breaking signings over the past year as companies with interests ranging from real estate to steel diversify into the rapidly growing sports sector. They are also hoping to curry favour with the Communist party, which plans to turn China into a footballing superpower.

The administrator said on its website: “A cap on players’ salaries and transfer fees will be established to control irrational investment.” Supervision of club finances will be stepped up to “keep fees for top-tier players within reasonable limits”.

“Some issues have arisen and generated wide attention, such as large overseas acquisitions, a serious situation with clubs burning money, and foreign players with excessive salaries,” it added. Clubs whose liabilities exceeded their assets would be banned from professional competition.

The agency said it would “combat irregular behaviour with regards to signing fees and under-the-table contracts”. Players and agents found to be in violation of regulations would be “severely punished”.

The warning comes as Beijing seeks to curb capital flight disguised as foreign investment. Some Chinese companies are thought to have moved billions of dollars offshore via acquisitions to escape the country’s weakening currency, with analysts noting a particular tendency to overpay for foreign assets.

China’s football spending splurge spread around the world over the past year, with Chinese companies buying a stake in English club Manchester City and acquiring Italy’s AC Milan, alongside lesser known teams. England’s four main West Midlands clubs — West Bromwich Albion, Aston Villa, Birmingham City and Wolverhampton Wanderers — now have Chinese owners.

The agency was partially echoing the language of four senior finance regulators who last month issued a joint statementsaying they were monitoring “irrational” overseas investment in real estate, hotels, film, entertainment and sports clubs.

President Xi Jinping has declared his hope that China will one day host and win a football World Cup. That will be a tall order for a country whose national team has a woeful record and is ranked 82nd in the world. But it has prompted a flood of money into professional teams.

Last year, Brazilian striker Hulk moved to Shanghai SIPG for $61m and his compatriot Alex Teixeira completed his move to Jiangsu Suning for €50m ($55m). Former Arsenal player Gervinho moved for $20m to Qinhuangdao, China’s biggest coal port.



To: Snowshoe who wrote (127727)1/6/2017 9:12:02 PM
From: TobagoJack2 Recommendations

Recommended By
arun gera
cblranch

  Read Replies (2) | Respond to of 217591
 
hello snowshoe, i just got done w/ workation and back from the mangrove and sands of langkawi malaysia.

i usually work during mornings of holidays else cannot relaxed knowing that to-do's are piling up. i also shy away from being a bottle-neck to what others must mill at.

loving being back in hong kong, the buzz, vibe and get-up&go-go-go, and the interlude between solar and lunar new years is especially fun, as work is comprised of much get-togethers and planning and such w/ folks either helpful in the past and/or would-be collaborating in the future.

am looking forward to the sands and food of koh samui thailand that should start in three weeks, and then year 4715 seriously gets underway


re <<It was in 1939 at Shaanxi, after the Red Army's Long March. See my reply to Mq ...>>

i guess you did not get the inter-office memo, something about history is out because it does not matter or whatever.

but hey, at the water cooler we are still allowed your good 2017 follow-up to the supposed conspiracy clip posted by mq Message 27493926 in 2011 about some view taken back in 1964 w/r to some happenings allegedly starting in the 1920s per legacy going quite awhile before even that time, eventually perhaps arising out of anything happening in year zero some 4715 years ago by china lunar calendar


re the china conspiracy, should it actually be such, i observe that the circumference of encirclement either of china or by china depending on point of view has been stretching, and in some sense, the darkening map featured in the video of the periphery towards the centre is happening in earnest, if one believes such

w/r to circa 1939 and yenan, my dada at age 30 (1938) then a reporter ventured to yenan where an 8,000 folks rebellion was based books.google.com.hk

for whatever reasons some folks are drawn to minor rebellions perhaps by unfathomable mechanism of history

anyways he had his map (perhaps the map also featured the nine dashed lines in the area of the south china sea ;0) to help him navigate across the anti-communist encirclement front line designed by the helpful nazi germans and armed by the anti-commuinsit americans all against an essentially rag tag band of some 8,000 domestic terrorist dead-enders




dad had his leica camera, coincidentally also made in germany, to record the rebellion that he believed would win the day after the long night


the pictures are fun. noice the homeland defence regiment in yenan did not seem to be armed by conventional manufacturers, and as mao noted, women shouldered half of the sky



anyways, the night turned out to be quite long, but as dad lived to 1995, he happily saw some of the glimmer of dawn - long journey, but then life is all about the journey and continuing the journey.

he, besides taking pics, doodled much as erita the coconut these days doodles, or perhaps the other way around.

who can know how history actually works; am neither smart enough to know, nor adequately stupid to think i know :0)

as film was scarce and crayon plentiful, doodling allowed staying on battle station longer than otherwise would be.

dad went out and about, but based in his yenan traditional cave abode. the coconut erita generally prefers tropical beach bungalows and favours inner city boutique abodes.




as noted, dada believed he was witnessing a rebellion that was material and would win. he turned out to be correct. he saw the future but misjudged the timing, +/- awhile, but he saw the future.

his work was published at the time all around, as were issues re to the spanish episode of ~same timing, a watch & brief coverage item that interested people

Life Magazine 1938 01 17 huangyao.org

... and i have the original :0)





these days his work is available for view at the british museum, hoover institute of stanford, and on permanent exhibit in the only cartoon museum of china situated in his ancestor's home city and one time village zhongshan. odd how coincidences work by mechanism of history.



history is fun even if not useful as alleged by some, and life the journey is wonderful especially when change even if imperceptible is actually trending should observer allow for distance and time and try to discern the fractal patterns.


fun is important, for bitterness does not enable systemically successful journeys. happy-go-lucky tendency makes for better travel whatever the route entails.

and yes, while roping a willing dope is very naughty but therapeutically essential and especially amusing over long travels, terribly, when time allowing, and only if the dopey sincerely believe they are the smartest. love them.

the next 18 years should be much fun on this thread should si last that long. and 2018 - 2026 perhaps shall see journey towards teotwawki, followed by d.k. and then tagged by whatever mr martin armstrong alerts us to, circa 2032, +/-.



am unsure how mr amrstrong does what he apparently been good at doing, but gad, he is fun.

cheers, tj