Eriksson takes over at Shanghai

2014-11-18 12:44
Sven-Goran Eriksson (Getty Images)

Beijing - Former England manager Sven-Goran Eriksson was unveiled by cash-rich Shanghai East Asia as their new coach on Tuesday, on a contract that reportedly puts him among the top earners in football management.

The Swede was presented by officials at the Chinese Super League (CSL) club after intense speculation following his exit from fellow top-flight outfit Guangzhou R&F last week.

The well-travelled coach was reported to have been paid up to $3 million at Guangzhou, and Chinese media said his new bosses were willing to double the coaching team's salaries.

"I am very happy and very proud that it is finally official that we are here and I am going to be the head coach of this club," Eriksson told a news conference.

"I am looking forward to start work and looking forward to a new challenge."

Shanghai East Asia - which has no connection with Shanghai Shenhua, the team that attracted Chelsea's Didier Drogba to China - will spend 500 million yuan ($82 million) on developing their side next season, reports in China said.

It is unclear whether Eriksson will have full control over the funds.

A $6 million salary would rank Eriksson among the top 20 best paid managers in the world, according to the latest study by France Football magazine.

He would be ahead of Laurent Blanc, coach of French champions Paris Saint-Germain, who earned $5.2 million in the 2013-14 season and is in 19th place.

Among Eriksson's staff at Shanghai is former Tottenham Hotspur and Leicester City goalkeeper Ian Walker, who has been at the club since January following a spell at Shenhua.

Eriksson joined Guangzhou in June last year, and clinched a slot in the AFC Champions League with a third-place finish this season.

The 66-year-old faced off in derby games against former Italy manager Marcello Lippi, a World Cup winner who led Guangzhou Evergrande to their fourth successive Chinese title this year.

Lippi stepped aside for his World Cup-winning Azzurri captain Fabio Cannavaro to take charge of the hugely-successful club at the end of the 2014 season.

Shanghai East Asia -- who are sometimes called Shanghai SIPG for sponsorship reasons -- finished fifth in last season's CSL, which is currently the highest attended football league in Asia.

The Chinese football season traditionally runs from March to November.

Read more on:    sven-goran eriksson  |  soccer

What To Read Next


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Live scoring

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


With the Absa Premiership in full swing, who will be crowned champions when all is said and done? Will Mamelodi Sundowns defend their title? Or can Kaizer Chiefs, Orlando Pirates or Bidvest Wits mount a serious challenge? Stay glued to Sport24 to find out!

Latest blogs

Who was the best summer signing in the EPL?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.