Yu Hongchen, the president of the Athletic Federation, was taken away, and it was definitely not his connections at the Athletic Federation, but rather the crimes he committed while working as the vice president of the Chinese Football Association (CFA). On the fifth day after Hongchen was taken away, the reason for Camacho's 50 million dollar loss in the National Football League's 1-5 loss to Thailand in a warm-up match was officially announced.
Prior to his promotion to chairman of the Athletic Federation, Yu Hongchen had been engaged in work related to Chinese soccer. First, he served as deputy director of the Football Administration Center and then as chairman of the Chinese Super League Company. Two years later, he was promoted to vice chairman of the Football Association. It was Yu Hongchen who personally led the team to the European elections when he took the national soccer team to a 1-5 loss to Thailand at the Hefei Stadium. It was Yu Hongchen's dereliction of duty that led to Camacho's dismissal and the FA had to compensate him up to 50 million yuan.
Camacho's playing days were particularly good, but he doesn't have a brilliant resume as a coach, but he was considered a guest by the CFA and was paid as much as 35 million yuan a year. Mind you, that was 12 years ago, and by now, such a salary is not lower than Lippi's. But Lippi is at least a famous coach who led his team to win the World Cup, and led Evergrande in the Chinese Super League with great success. He led the national soccer team for the first time and achieved excellent results. But what about Camacho? Has he accomplished anything? No. But it's incredible that he gets the same annual salary as a world famous coach.
According to China's 7-tier system of excess cumulative tax rates, Camacho's annual salary of $35 million is taxed at a rate of 45% by Camacho's team. However, instead of paying the 45% tax rate, Camacho's team is paid by the CFA. In other words, Camacho coaches the national soccer team, the CFA pays 65 million yuan per year. In addition, the FA not only pays Camacho's salary and taxes, but also spends $200,000 a month to rent a mansion for him.
What's more interesting is that the CFA spent nearly 70 million RMB, but there is no requirement for Camacho's coaching. To describe Camacho's coaching of the national soccer team in our current words, it is "lying down and earning money". As long as the contract is signed, Camacho can get nearly 40 million yuan a year.
After Camacho took over, he led the team with less success than Gao Hongbo before him, which seemed to cause dissatisfaction among the players towards him.203 On June 15, 2003, the national soccer team was welcomed to Hefei, Anhui Province for a warm-up match against Thailand. Although the national soccer team was average that year, even if they could not win against Thailand, they definitely should not have lost. However, the end result was that the national soccer team not only lost, but lost 1-5.Camacho was announced to be dismissed by the FA after that game.
As the contract signed between the FA and Camacho at the time had no performance requirements, the FA had to pay a price to get Camacho out. After the FA fired Camacho, Camacho appealed to the AFC for liquidated damages. In the end, the CFA paid Camacho 50 million yuan in liquidated damages, which was resolvable.
After a few years of Camacho coaching the national football team, the CFA spent hundreds of millions of dollars on him, but the national football team got weaker and weaker, losing 1-5 to Thailand. Some media people said it was Yu Hongchen's inaction, but now the Discipline Inspection Commission has announced that Hongchen is suspected of serious disciplinary violations. I wonder how much favor Yu Hongchen received in the contract he signed for Camacho. As the fans said, who rented the house for the 200,000 dollars?
