Second-tier Chinese soccer side will reportedly invest €200 million (US$235 million) into a soccer academy with top-flight German team 1899 Hoffenheim in Wuhua County of Guangdong Province.
According to German tabloid Bild, the China League One club has already signed a partnership with Hoffenheim for the youth development project, which is expected to recruit 300 students between the ages of eight and 18 each year once built.
Bild also reports that throughout the ten-year partnership Hoffenheim will send 14 coaches to work on the project at a total wage cost of €5 million (US$5.8 million) per year. Meizhou will therefore have to spend more than €50 million (US$58.6 million) hiring the German coaches over the duration of the agreement.
Peter Görlich, managing director of Hoffenheim, confirmed that the two clubs were in talks over an “an interesting project” and he admitted that the Guangdong outfit have “recognised our strength in [building a] soccer academy”.