After 997 days, the AFC Champions League ("AFC") play-offs returned to the
China Super League (soccer league)
The club is home to two
China Super League (soccer league)
sports team (basketball, soccer, football etc)
Shanghai harbor
The team and Zhejiang faced two teams from the Thai Premier League at their respective home grounds, with the end result being Zhejiang making it to the AFC Champions League main round and the unanimously favored
Shanghai harbor
The team is "
an upset (esp. in sports)
"Out.
After the game, the two teams were each met with vastly different reviews from fans. Currently
China Super League (soccer league)
top
Shanghai harbor
The team, sitting on hundreds of billions of market capitalization shareholders and sponsors, fell at the door of the AFC Champions League play-offs; on the other side is the Zhejiang team, which has just got rid of its financial woes and returned to the main round of the AFC Champions League after 12 years.
Earlier this month there was news that from this season so far, Zhejiang team has not received the two major shareholders Greentown Group and Zhenneng Group's capital investment, but rushed to the AFC Champions League play-offs before the solution to some of the funds. In the same month, another funding-plagued
China Super League (soccer league)
Team Henan has just finalized its share reform program.
For the last three years.
Chinese fan
It is finally expected that the
China Super League (soccer league)
As teams watch the AFC Champions League at home, and as more organizations focus on the highest level of the league in Asia, can China's soccer market attract more money?
The "leader" of the pack is out of the game.
On the evening of August 22nd, the air in Shanghai was a bit humid after a rainy day, and pedestrians were in a hurry. The "White Jade Bowl" stadium near Jindian Road in Pudong was still crowded with some reluctant fans, and the home team was still in the stadium.
Shanghai harbor
In the AFC Champions League play-offs
an upset (esp. in sports)
The loss to Pathum United from the Thai Premier League was the first time in the team's history that they lost to a Thai soccer club.
And staying at the stadium with the fans are billboards of companies such as the team's shareholder, Shanghai Port Group, and sponsor, SAIC Group. The AFC Champions League, the highest-ranking soccer tournament for Asian clubs, is also a great time for some companies to get brand exposure.
Shanghai harbor
Fans in the team's home stands (photo by Xia Yuechao)
Oriental wealth network shows that SIPG and SAIC are both A-share listed companies with a market capitalization of 100 billion yuan, both of which are subordinate to the Shanghai State-owned Assets Supervision and Administration Commission (SASAC), with the former's main business being container terminals and so on, and the latter being an automobile producer. Eye on the sky shows that SIPG began investing in Shanghai Dongya team in 2014 (
Shanghai harbor
(the team's predecessor), is currently
Shanghai harbor
wholly-owned shareholders of the team.
The data in the annual report show that the net attributable profit of Shanghai Harbor Group in 2022 and 2021 will be 17.224 billion yuan and 14.682 billion yuan, respectively, with a year-on-year growth of 17.31% and 76.74%, respectively. However, looking at the operating results of the first quarter alone, Shanghai Harbor Group has seen a large decline this year, and realized net attributable profit and revenue of 3.551 billion yuan and 7.649 billion yuan in the first quarter of 2023, a year-on-year decline of 35.37% and 38.38%, respectively.
In the performance of the decline at the same time, the Shanghai Harbor Group executives have also undergone a major change. According to the announcement released by Shanghai Port Group on August 1, Yan Jun submitted an application for resignation due to work reasons, and at the same time resigned from the board of directors under the position of director of the Budget Committee. After his resignation, Yan Jun will no longer hold any position in Shanghai Harbor Group.
However, less than half a month later, "Clean Shanghai" public number issued a circular, Shanghai China Maritime Museum, deputy director of Yan Jun suspected of serious disciplinary violations, is currently accepting the Shanghai Municipal Commission for Discipline Inspection Supervisory Committee disciplinary review and supervision investigation. It is understood that the briefing Yan Jun and the former president of Shanghai Harbor Group Yan Jun is the same person. And is currently accepting the Central Commission for Discipline Inspection of the State Supervision Committee in the State General Administration of Sport Discipline Inspection and Supervision Group and Hubei Provincial Supervisory Committee review and investigation of the Chinese
soccer league
Chen Xuyuan, the former Chairman and Deputy Secretary of the Party Committee, served as Secretary of the Party Committee and Chairman of the Board of Directors of Shanghai Harbor Group.
Shanghai harbor
The team's main sponsor SAIC Group's performance in the first quarter of this year is more general. The quarterly data show that SAIC realized net profit of 2.783 billion yuan, a year-on-year decline of 49.55%; realized revenue of 145.916 billion yuan, a year-on-year decline of 20.03%. SAIC explained in the quarterly report, the company was affected by the competition in the automobile market in the first quarter, the company's profitability level continued to be under pressure.
As of August 22nd.
Shanghai harbor
The team has been in a slight slump in its last three matches concluded with only two losses and a draw, and is currently on 53 points in the
China Super League (soccer league)
The league held first place in the 23rd round. However, this team
China Super League (soccer league)
The "leaders" just lost to Batang United, who ranked eighth in last season's Thai Premier League, and many fans found it hard to accept the result, not to mention that
Shanghai harbor
The team also sits on a $100 billion market capitalization of shareholders and sponsors, and its lineup is the current
China Super League (soccer league)
Most expensive of all the teams.
Shanghai harbor
The team lost 2-3 to Baton Rouge United (Photo by Xia Yuechao)
According to the German
transfer to another club (professional sports)
Market website China administrator (hereinafter referred to as the "German turn") announced on June 26 this year in 2023 in the Chinese
China Super League (soccer league)
The player's price, the player's maximum price is
Shanghai harbor
team's foreigner Oscar (€7.5 million), second was Wuhan Sanzhen's Stanciu (€5.5 million), third was
Shanghai harbor
team's Vargas (€5 million). In terms of total club value, the
Shanghai harbor
The team came in first with €22.83 million, Wuhan Tri-Town was second with €16.95 million and third place went to
Shanghai Shenhua (soccer team)
The team's €13.13 million.
Zhejiang team which just got rid of financial troubles
At the same time to participate in the AFC Champions League play-offs, Zhejiang, facing a club from the Thai Premier League, Thai Harbor, they ultimately collected a victory, after 12 years once again
advancement
AFC Champions League main event.
The enthusiasm of the fans watching the game on the spot that night was high. According to media reports, the Zhejiang team's home field Huzhou Olympic Sports Center in the past average attendance of only 8,000 people, and that day with the Thai port team's game, the number of fans in the stands more than 15,000 people.
And just a short while ago, there was even concern about whether Zhejiang would be unable to play in the AFC Champions League play-offs due to financial difficulties.
According to an Aug. 15 report in the Qianjiang Evening News, news broke earlier this month from the
China Super League (soccer league)
So far this season, zhejiang team has not received the two major shareholders of the capital investment. Zhejiang team can only through a variety of funding channels can fight to maintain the daily operation of the club. Even so, the lack of major financial support club is still struggling.
According to the above media reports, after communication and coordination, one of the main shareholders of the Zhejiang team Zhenneng Group agreed to pay a fee in advance to solve the team's current financial problems.
Zhejiang team intelligence group blogger had released on August 9, a video shows: previously plagued the Zhejiang team's financial problems have been effectively resolved and progress can ensure that the Zhejiang team can go to play AFC Champions League matches as well as to complete this year's league, more programs are being pushed forward.
Eyes on the sky shows that the Zhejiang team was founded in 1998, the team's current two major shareholders are Greentown Real Estate Group Limited (50% shareholding) and Zhejiang Energy Group Limited (50% shareholding). The former is a real estate private enterprise, listed in Hong Kong is Greentown China. The latter is an energy company, subordinate to the State-owned Assets Supervision and Administration Commission of Zhejiang Province, which has three A-share listed companies such as ZJN Power, Ningbo Marine Transportation and Zhejiang Xinneng, and one Singapore-listed company, ZJN Jinjiang Environment.
The data in the annual report showed that Greentown China realized net attributable profit and revenue of 2.756 billion yuan and 127.153 billion yuan respectively in 2022, and although the revenue increased by 26.85% year-on-year, the net attributable profit declined by 38.33% year-on-year. Greentown China explained in its 2022 annual report that it mainly accrued a net exchange loss of 1.371 billion yuan due to the depreciation of the renminbi and an impairment loss of 1.502 billion yuan on non-financial assets based on changes in the market environment.
In addition to the two major shareholders, the Zhejiang team's main sponsors include Panasonic and Toshiba Air Conditioning, and its official partners include 28 companies such as Fuxing Fuel, Dongfang Rainbow, and Germany's Grohe.
International Financial News reporter on the reasons for the lack of funds for the Zhejiang team and when to invest new funds and other issues to the Zhenneng Group mailbox to send an interview letter, but as of press time, there is no response. Previously, the Zhejiang team had responded to the reporter in the mail, said that due to the preparation of the AFC Champions League play-offs, can not reply in time.
The German transfer data shows that the latest price of the whole team of Zhejiang is 8.05 million euros, only more than the
Shanghai harbor
The team's Oscar is worth 550,000 euros a person and is temporarily in the
China Super League (soccer league)
Eighth on the team price list.
How the soccer economy is bouncing back
in the wake of
Shanghai harbor
The team's out for the season
China Super League (soccer league)
There will be only three towns in Wuhan,
Shandong Taishan prefecture level city in Shandong
and Zhejiang for the group stage of the AFC Champions League proper. According to the de spin data, the current
China Super League (soccer league)
The value of all the teams is only fifth in the Asian Football League with 146 million euros, with the Saudi League in first place with 321 million euros.
The Saudi League, located in the West Asian division, is following the example of the
China Super League (soccer league)
Once upon a time, "Golden Dollar Soccer".
C罗
Neymar
Benzema, Mane, Firmino, Kante, Fabinho and other well-known stars who used to play in Europe's top five leagues have been bought by Saudi Arabia's league teams, which has attracted a lot of attention from fans and sponsors.
Zhang Xiaobing, executive president of Cofontaine Investments, said in an interview with the International Finance Daily that the Saudi league attracts European stars to join by paying high salaries in order to increase the league's visibility and competitiveness, while attracting more fans and investment to promote the development of local soccer.
But Zhang Xiaobing argues that this is the same
China Super League (soccer league)
The risk of instability is the same as in the case of "gold dollar soccer". At present, the Saudi Arabian league is supported by all kinds of luxury funds, and the world's top players are joining the league. From the perspective of the future operation of the league and the eye-catching performance of the matches, it should achieve very good results and achievements. However, if the league is unable to maintain stable and sustainable financial operations, it may also lead to the emergence of subsequent shortages of funds and other problems.
It was once a star-studded
China Super League (soccer league)
League, some teams are now facing financial difficulties. Some media members claimed in February this year that
Shanghai harbor
It's possible that the team is
China Super League (soccer league)
The only team that does not owe money. According to Football Daily, Henan team has continuously encountered financial problems since last year, and the club's daily maintenance relies on independent investment, financing, and ticketing, etc. It was not until recently that the share reform program and financial solutions were determined.
China Super League (soccer league)
Teams' financial difficulties may be due to the lack of effective financial planning and management by some teams, and may also be due to changes in the domestic economic situation and changes in the investment market." Zhang Xiaobing believes. In addition, he said that the Chinese
national soccer team
The relatively low visibility and attractiveness of ball clubs may also lead to a lack of investor interest.
In fact, compared with Asia, the European soccer economy with five major leagues and many stars is more active. Jiang Han, senior researcher of Pangu think tank, told reporters that the European soccer economy has many advantages and characteristics, including deep culture, complete industry, mature market, rich resources, advanced technology and so on. This all provides a good environment and conditions for the European soccer market, making European soccer have an important position and influence in the economic, cultural and social aspects.
"The soccer market can be one of the major forces driving economic recovery, as the soccer industry has a wide industrial chain and great commercial value that can bring economic benefits to a number of sectors. The business practices of investing in the soccer market include: sponsorship, advertising, ticket sales, broadcasting rights purchases, player
transfer to another club (professional sports)
trading, etc. But such investments may also face some bubble risks." Jiang Han said.
Zhang Xiaobing also believes that the soccer market can produce significant results in creating jobs, improving regional economic development, and promoting international trade and cultural and leisure tourism. However, there is also the risk of bubbles, investors need to have sufficient financial planning and risk management capabilities, while the need for scientific assessment and decision-making based on the latest market demand trends in order to minimize the risk and seek to maximize the return as much as possible.
