Jane Chen / Shanghai Daily news
Shenzhen-based ZTE Corp will not sponsor China's Super League. China's
biggest publicly traded telecommunications equipment supplier has finally and
officially terminated the talks, today's Sina.com reported.
An un-named
official with the Super League, the country's top professional soccer
association, is quoted as saying, "it's impossible for the Super League to
cooperate with ZTE, which pulled out of the talk several days ago." He
revealed that an advertising firm hired by ZTE to help with the negotiations has
withdrawn from the talks.
Another ZTE employee, quoted on condition of
anonymity in the same report, confirmed that the sponsorship negotiations had
ceased.
The two parties had failed to agree on the sponsorship fee, which has
reportedly declined to 50 million yuan (US$6 million), far below the Super
League's psychological bottom line, and the Super League is unwilling to accept
ZTE's requirement to pay the fee in four installments, the report said.
The
Super League official acknowledged that the sponsorship issue has become
difficult, with no progress so far.
The Super League, which is now in its
second year, was marred by match-fixing allegations and poor turnouts in its
inaugural year.
Its former sponsor, German conglomerate Siemens, ended a
multi-million euro sponsorship deal in January, after having invested US$200
million since early 2003.