Spain’s soccer club Granada CF president, Jiang Lizhang, told CNBC on Wednesday that the sports market of China is enormous and many options are still unexplored.
He said that the (sports) market is big, but they are still in its preliminary stage, according to CNBC’s translation. That is why they expect to attract more interest in the Chinese sports market one day, so that they can share their experience and knowledge in the professional management of sports teams with us.
The size of China’s sports industry market could grow from $56 billion in 2013 to $470 billion in 2025, according to Statista’s report.
Reuters announced in October that China will host the 24-team Club World Cup’s first edition in 2021. The president of FIFA also announced that the hosts will be chosen for the 2030 World Cup in 2024, but Reuters said that the organization has not yet revealed the bidders.
Jiang formed the Hope Group, associated with professional soccer teams in Chongqing, China; Parma, Italy; Granada, Spain and Tondela, Portugal.
The businessman said that the Hope Group had a plan for 2030. They think that FIFA desires China to host the 2030 World Cup as well.
When asked about the aspirations of China in hosting a World Cup, Jiang said they’ve got about 10 years to get stronger. Hosting FIFA 2030 is highly likely for them. He figured that’s the case and that’s going to be the way.
He said China would take up the share of a lion in sports businesses and worldwide revenue. He further said that China does not currently have professional soccer fields, but many local governments in China have articulated their willingness to construct such facilities.