Former Chelsea strikers Didier Drogba and Nicolas Anelka could be sold by Shanghai Shenhua
Tuesday 28 August 2012
Former Chelsea strikers Didier Drogba and Nicolas Anelka could be sold by China's Shanghai Shenhua due to an escalating equity stake row among shareholders, local media have reported.
Chairman Zhu Jun, who holds a 28.5 per cent stake, would only pay his share of the club's daily costs if his demands for greater control were not met, according to the China Daily.
Zhu currently controls the Chinese Super League club along with five state-owned enterprises after becoming a shareholder in 2007.
The agreement was that if he invested $23.6 million over two years, his stake would increase to more than 70 per cent, the newspaper reported.
The Oriental Sports Daily reported that Zhu had ploughed more than $94 million into the club in the past five-and-a-half years, while the state-owned companies had spent nothing.
The transfer of shares stalled in 2009 and again last year, a source told the Oriental.
"It is annoying and has had a bad effect on many of our tasks," a club official said. "The biggest problem is that the operation and financing work of the club cannot be carried out normally.
"The equity stakes issue has become the biggest bottleneck for the development of Shenhua."
If unresolved, Zhu, who has been signing all the cheques, could decide to cough up just 28.5 percent of the club's expenditure, potentially affecting player salaries.
Colombian Giovanni Moreno missed the match against Shandong Luneng at the weekend amid speculation Shenhua had fallen short on his transfer fee with Argentina's Racing Club.
The futures of Drogba and Anelka could be in the balance if Shenhua fail to make their salary payments. Both reportedly earn over $300,000 a week.
Despite investing heavily in big-name foreign players, Shenhua sit 10th in the 16-team Chinese Super League on 27 points from 23 matches. Leaders Guangzhou Evergrande are on 47 points.
The Microsoft mogul told fans a few home truths during his Reddit AMA
Latest in Sport
Brooklyn Beckham poses in Arsenal training kit following rumours of signing for the Gunners
Manchester United transfer news and rumours: David De Gea could leave for FREE; £38m for Marquinhos; £37m bid for Mats Hummels;
Transfer talk: Juan Cuadrado Chelsea move imminent; Manchester United eye Nathaniel Clyne; Andre Schurrle medical at Wolfsburg
Danny Ings to Liverpool: The Reds attempt to steal a march on rivals in race to sign Burnley striker
Kim Sears 'swearing' outburst threatens to overshadow Andy Murray's Australian Open semi-final win
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures