Story originated by Mountain River Roadrunner
Recently, two news stories closely related to our soccer have rocked the football world.
In a happy news, China's women's soccer team won the Asian ticket to the Tokyo Olympics by defeating South Korea's women's soccer team in a reversal with Wang Frost's fatal strike, which is the sixth time that women's soccer team stood on the stage of the Olympics.
On the other hand, Jia Yueting was banned for life from the securities market by the Securities and Futures Commission (SFC) because he and LeTV are suspected of fraudulent issuance as well as ten years of financial fraud, and the cumulative fine is as high as $480 million, which is the record of the highest fine in A-shares.
It begs the question, what does Jarrett's counterfeiting have to do with soccer?
As it turns out, in 2016, Jia had announced an ambitious plan to acquire Beijing Guoan's chest advertising and naming rights, and planned to buy 50% of Guoan's shares for RMB 2 billion.
In time, Jia became a celebrity in the soccer world.
However, in five years, the world has turned upside down, bitcoin has risen from $1,000 to $64,000, while Jia has only paid half of Guoan's title fee due to financial problems.
According to the SEC investigation, Jia inflated his revenue by $5.1 billion, his costs by $300 million, and his profits by $4.3 billion in 2016, which amounted to him bleeding Guoan with false accounts.
Nonetheless, Jia was ultimately unable to fulfill his promise.
At the time, Guoan hadn't won a single game at home, and Beijing fans shouted in the final moments of the game, "LeTV get lost! Give us back our national security!" The slogan.
Subsequently, Legacy declared bankruptcy.
Soccer, a sport that has been passed down for millennia, has always touched the hearts of our people.
In 1985, our national soccer team drew with Hong Kong in the Asian qualifying round of the World Cup, triggering the anger of our fans, which was the first fan riot in the history of the new country.
1990 Beijing Asian Games, the men's soccer team did not reach the quarterfinals, the Spring Festival comedy teased: "What stinks the most? China's men's soccer team goal kick, that foot, the most stinky!"
2008 Olympic Games, soccer has once again become the object of flirtation, Zhao Benshan's skit, he flirted with: "Olympic Games what sports let people look at the heartbreak? Soccer! What sports look more disturbing? National soccer!"
In 2002, our men's soccer team entered the World Cup for the first time, which became the peak moment of our soccer.
However, in the two decades since, men's soccer has not reached another World Cup.
In 2010, Evergrande joined the Guangzhou team, and Ma Yun, Wang Jianlin and other bigwigs have invested in soccer, pushing the country's soccer to a new level.
However, with the increase in investment, the soccer industry is also facing a number of problems.
In 2019, the average Premier League player earns a whopping $8.4 million a year, the sixth highest in the world.
Zhang's Suning Ebay team, which won the Chinese Super League title, has now announced its dissolution.
The news that Jia was penalized by the Securities and Exchange Commission is a reminder that he had been in the United States.
In four years, he went through a series of events, including divorce and claims, and even auctioned off a mansion in Beijing to pay off his debts.
Now that the issue of Japan's nuclear wastewater is back in the spotlight, Jia seems to have found a reason to return home.
And soccer, the industry that once made him famous, has left him in no end of trouble.
In a world full of variables, the soccer industry is also full of uncertainty.
As Jia Yueting has experienced, success and failure are often just a thought away.
