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Barcelona set goal of success with center investment

By Zhang Haizhou in Beijing and Deng Yanzi in Hong Kong | China Daily | Updated: 2017-03-14 07:18

FC Barcelona, arguably the world's foremost soccer club, is set to invest up to "tens of millions of dollars" into a soccer training and experience center on the island province of Hainan, making it the first ever foreign club to have a major direct investment in the China's booming soccer market.

The project, a joint venture with Mission Hills Group, shows the Spanish La Liga side's long-term "commitment" to China, a club official said. It is also the first of its kind in Barcelona's 118-year history.

Calling the project a "partnership between the strong", Ken Chu, chairman and chief executive officer of MHG, confirmed each side would contribute half of the total investment.

Barcelona set goal of success with center investment

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