The Business Times
business-time-50

China Inc's US$3b land grab among Europe's soccer royalty

Chinese buyers, mostly unknown, go on shopping spree for clubs as Beijing aims to host and win the World Cup

Published Mon, Aug 15, 2016 · 09:50 PM

    Shanghai

    IT was over lunch at his villa outside Milan with soccer "super-agent" Jorge Mendes that Italian tycoon Silvio Berlusconi realised an unpleasant truth: His storeyed club, AC Milan, needed cash, and plenty of it.

    Mr Mendes, a source familiar with the matter said, was discussing the potential sale of Colombian star James Rodriguez from Real Madrid for 85 million euros (S$128 million) - cash that loss-making and debt-burdened AC Milan simply did not have.

    TRENDING NOW

    Agmo CEO Tan Aik Keong’s unconventional rule is to “say yes first, then figure out how”.

    Why Tan Aik Keong of digital solutions specialist Agmo wants to make himself less indispensable

    As demand for US bonds falls and yields rise, capital is typically drawn into the greenback, causing capital outflows from emerging market currencies.

    Why US$100 oil, 5% US yields affect Singdollar, ringgit differently vs other Asean currencies

    Asian investors continue to allocate capital to global markets, while maintaining significant exposure to US assets. 

    Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing

    Workers in Singapore are finding their roles reshaped by AI, with some tasks increasingly automated and some positions disappearing altogether.

    Is AI stealing your job?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More