Football - Wenger wary of financial threat posed by China

Arsenal's French manager Arsene Wenger watches his players during the English FA Cup fourth round football match between Arsenal and Burnley at the Emirates stadium in London, on January 30, 2016.

Arsenal coach Arsene Wenger warned on Friday of the growing threat facing the Premier League posed by the cashed-up Chinese Super League in the wake of a record spending spree. Brazilian midfielder Alex Teixeira became China's third record signing in just over a week after Jiangsu Suning forked out 50 million euros (£38.5 million, $56 million) to sign him from Shakhtar Donetsk.

The move came just three days after Guangzhou Evergrande snapped up Atletico Madrid's Jackson Martinez for 42 million euros, and nine days after Jiangsu's 28-million-euro puchase of Ramires from Chelsea. Asked if the Premier League should be worried by China's spending power, Wenger responded: "Yes, of course. Because China looks to have the financial power to move a whole league of Europe to China. "We are long enough in this job to know that it's just a consequence of economic power and they have that. "

AFP

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