Four Chinese investor groups are locked in a bidding war worth $140 million for one of the world’s most powerful soccer agencies, UK-based Stellar Group which signifies China’s growing appetite to enter the football world, and dominate it.
As per reports by Reuters ,the Chinese bidders incorporate model car maker Rastar Group (300043.SZ), which last year bought a majority stake in Spanish soccer club Espanyol.
The potential speculation would be music to the ears of devoted soccer fan President Xi Jinping, who expressed three wishes for Chinese football back in 2011—that the Chinese national team qualify for another World Cup, host it, and then win it.