Territorial change, urbanization and development of football clubs in China

Martinez, Miguel Angel Hidalgo

doi:10.1080/21622671.2021.1969265

Cited by 2 publications

(2 citation statements)

References 23 publications

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“…Meanwhile, local governments leverage CSL clubs to promote the city's diversification and therefore provide policy support in terms of land acquisition, taxation, and bank financing for real estate enterprises that commit to investing in CSL clubs (19). This has become an important reason for real estate enterprises to enter the football arena (20). Thus, a large amount of real estate capital has been invested in CSL, which can foster a positive relationship between institutional support and business interests.…”

Section: Discussionmentioning

confidence: 99%

“…Instead, the efficiency of capital expenditures and return should be judged in terms of the actual resources available for productive use in human society. Between 2014 and 2019, monetary transfer from the real estate industry to CSL left a plethora of legacies for Chinese society, including women and youth football involvement (9,31), upgraded consumer sports consumption (32), and modern urbanization (20). The Chinese Communist Party's success is premised on placing the interests of the people-centered.…”

Section: Discussionmentioning

confidence: 99%

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Association between evergrande FC's club debt and Chinese super league's profitability from 2014 to 2019

Liu

Liu²,

Bu³

et al. 2023

Front. Sports Act. Living

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PurposeThis study examined the role of Evergrande FC's club debt on the Chinese Super League (CSL)'s profitability from 2014 to 2019.MethodsWe extracted the financial statements of Evergrande FC and evaluated its correlation with the profitability of CSL and Evergrande Group, which serves as a direct indicator of commercial growth.ResultsThe association between Evergrande FC's net loss and gross debt and CSL's profitability is positive, strong (all correlation coefficients > .89), and statistically significant (all p < .05). The association between Evergrande FC's net asset value and CSL's profitability is negative, strong (correlation coefficient = −.97), and statistically significant (p < .05).ConclusionThese data imply that there is a good likelihood of a causal relationship between the negative club returns generated by real estate investments and CSL's rapid commercial growth from 2014 to 2019. In essence, a dovish monetary-regulatory policy nexus during this period drove up the CSL premium. This business history from the sports industry is another illustration of how the modern coupling of economic leverage and regulatory policy could have asymmetric impacts on short-term market growth. Based on this debt-fueled business history, CSL should progress to a higher level of development in the future.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Association between evergrande FC's club debt and Chinese super league's profitability from 2014 to 2019

Liu

Liu²,

Bu³

et al. 2023

Front. Sports Act. Living

View full text Add to dashboard Cite

show abstract

Spatial Disparity of Sports Infrastructure Development and Urbanization Determinants in China: Evidence from the Sixth National Sports Venues Census

Wang,

Li,

Cheng

2023

Appl. Spatial Analysis

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The improvement of well-being of residents is the core of the people-centred urbanization. Inhabitants’ emphasis on healthy lifestyle draws attention to the provision of sports infrastructure. However, the spatial pattern of sport infrastructure development and in particular the driving forces from urbanization across China have not been examined yet in the literature. This paper aims to explore how the national sports infrastructure in mainland China is driven and scaled by urbanization, using data from the sixth National Sports Venues Census and a multi-scale geographically weighted regression approach. The results revealed strong regional inequality in the development of sports infrastructure in the stage of accelerating urbanization in China, with better provision of sports infrastructure in eastern than in western regions. The three dimensions of urbanization (urban population, public financial expenditure and built-up area) significantly explained the spatial disparity between 289 cities at prefecture-city level. There should be a feedback loop between the accumulative developments of urbanization and sports infrastructure. The contributing driving forces and subsequent regional heterogeneity suggest that sports space theory, the inequality amplification model, and hysteresis effect are comparatively suitable for explaining the spatial inequality characteristics of sports infrastructure development in China. A Sport Inequality Alert was conceptualized as a policy instrument for monitoring regional inequality and governing the development of sports infrastructure. It is argued that sports infrastructure development should be integrated into the national strategy for sustainable New-type Urbanization.

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Territorial change, urbanization and development of football clubs in China

Cited by 2 publications

References 23 publications

Association between evergrande FC's club debt and Chinese super league's profitability from 2014 to 2019

Association between evergrande FC's club debt and Chinese super league's profitability from 2014 to 2019

Spatial Disparity of Sports Infrastructure Development and Urbanization Determinants in China: Evidence from the Sixth National Sports Venues Census

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