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Zhu Jun wrestles control of Shenhua
The complicated row over the control of Shenhua Football Club will soon be settled with Zhu Jun, the club's major investor to officially take command, according to Soccer News.
Zhu sent an ultimatum to the other five club owner, all from State-owned enterprises last week, demanding the large stake transfer promised long ago, otherwise he would stop paying wages and bonuses.
Shareholders of the five SOEs agreed to complete the transfer by the end of 2012, which will push Zhu's stake share, currently 28.5 percent, to 75 percent, according to the newspaper.
Shenhua players were spotted skipping regular practice over the weekend in a move believed to show their discontent with wage arrears.
The funding stalemate also jeopardized the future of Didier Drogba who joined the team in July. Italian giants Juventus is targeting the former Chelsea striker to step in if Shenhua can't afford his reported weekly salary of £200,000, according to foreign media.
Lin receives master's, eyes Rio Olympics
Lin Dan (L) receives his Master of Public Administration certificate from Jia Yimin, president of Huaqiao University in Quanzhou, Fujian province, Oct 17, 2012. [Photo/CFP]
Breaking records is common for Chinese badminton player Lin Dan, but this time the achievement is in the field of academics and not on the courts.
Lin obtained his Master of Public Administration from Huaqiao University in Quanzhou, Fujian province on Wednesday, becoming the sport's first athlete to achieve the accreditation in China.
In 2006, the Bayi club reached a cooperation agreement with the university under which the club sent coaches to the university in return for degrees for its players.
Lin reiterated at the graduation ceremony that he will compete at the Rio 2016 Summer Olympics.
"I will try my best to make the Rio Olympics. It matters most to me," said the defending champion of the London Olympics and 17 world titles holder. "I hope you all stand by me."