Doc Lynam
I hate the Daily Mail
- Jun 19, 2011
- 7,348
For non financial reasons. Chinese investment houses are trying to win favour with the government of Xi Jinping, who is keen for China to host a World Cup soon (2030 is the initial target). Anything that brings China into closer contact with high profile football (and the PL is as high profile as it gets) can curry favour when the government is handing out contracts domestically, and also if the Chinese investors are involved in high profile construction deals in emerging economies such as Abu Dhabi, where City's owners are located. Geopolitics is therefore driving the price for many Chinese.
The Americans see it purely in financial terms though. The price they paid for Palace was much lower, for a much greater stake, as one would expect for a small club with a history of financial mismanagement and rotating door policy at manager level.
Thanks for the informative reply! So the Americans feel they'll get a good return from that lot up the road?