Subdued market highlights Chinese football's new normal

  • 📰 staronline
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 75%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

HONG KONG (Reuters) - When Shanghai Port announced Ante Majstorovic's signing from NK Osijek on Tuesday, reports of his arrival at the former Chinese Super League champions barely caused a ripple.

Yet the capture of the Croatian defender by the 2018 champions for a modest 3.3 million euros fee could prove to be a landmark moment in a league that had become a byword for the largesse of 21st century football.

Club closures and middling transfer fees are a long way from an era when the league had the biggest names in the game looking over their shoulders, but the new campaign is set to usher in a less extravagant era when it kicks off in April. As a result, the current mood is vastly different to a time when, fuelled by the deep pockets of the country’s private sector, Chinese clubs were shaking up the global transfer market.

The moves ignited a scene that had, over the previous four years, been dominated by Guangzhou Evergrande, the club that established the template for success in China.Guangzhou's acquisition of Argentine Dario Conca for a then-record $10 million spurred the club to the first of their seven consecutive league titles in 2011 and owners Evergrande, one of the country's leading property developers, wanted more.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Xiaomi moves past struggling Huawei as No 1 Chinese smartphone vendor in global marketXiaomi recorded its most profitable year in 2020 on the back of expanded sales and global market shareThe Beijing-based company was the world’s third-largest smartphone vendor in the fourth quarter, behind Apple and Samsung
Source: staronline - 🏆 4. / 75 Read more »