Chinese capital eyes Bundesliga

Chinese investors are reportedly interested in acquiring soccer clubs in the Bundesliga, according to a recent report by German media Sport1.

“In the past two years, we had 7 investment inquiries from China on the table,” citing an unnamed manager from a traditional Bundesliga club. Chinese investors want to invest in some top-tier German soccer clubs.

Thomas Röttgermann, manager of VfL Wolfsburg, believes that an investor from China will buy into a Bundesliga club in the near future. However, German fans seem unhappy about the projected investment from China.

Although a soccer backwater in the past, China has entered into a buying spree in recent years. Chinese capital has been flowing into the soccer industry. Investors from China have invested about 2 billion US dollars in sports assets, especially in soccer-related sectors. 5 years ago, that number was zero.

Several days ago, China-based IDG Capital Partners agreed to acquire a 20% stake in French soccer club Olympique Lyonnais for €100 million.

Source: Sport1

Proofread by Sean O Diobhilin