Winging it
China and the beautiful game
WILL the Reds go red? Everbright, a Chinese state-backed financial conglomerate, is reportedly keen to buy Liverpool Football Club, one of the sport’s most celebrated names. If it were to happen, it would be the biggest in a series of recent investments made by mainland firms in European football (see chart). Some think such moves will redraw the sporting map. Arsène Wenger, manager of Arsenal, a London club, has said that China has the financial wherewithal to “move a whole league of Europe to China”.
This article appeared in the Business section of the print edition under the headline “Winging it”
From the August 27th 2016 edition
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