Sven-Goran Eriksson lured by big-spending Shanghai East Asia
Former England boss joins money-spinning club, who have a HK$636 million budget that will easily match his salary at Guangzhou R&F
Former England manager Sven-Goran Eriksson is poised to land his second big-money contract in the Chinese Super League (CSL) after leaving Guangzhou R&F following just one full season, reports said yesterday.
The Swede is being hotly tipped to join Shanghai East Asia where his coaching team will more than double their current salaries, Sina Sports website said.
The move follows a 15-month spell in Guangzhou where he was reportedly earning up to US$3 million a year.
Since leaving Guangzhou, Eriksson did not fly to England to have a vacation, he flew directly to Shanghai
The highly ambitious Shanghai club, who have no connection with Shanghai Shenhua, the team that drew Chelsea's Didier Drogba to China, will spend 500 million yuan (HK$636 million) on developing their side next season, the report added, without saying whether Eriksson will have full control over the funds.
The 66-year-old, England coach from 2001-2006, left his position as manager of Guangzhou by mutual agreement last week after taking the team to third in the CSL, the club said.
"Shanghai East Asia will publicly announce [today] that Eriksson has been installed," Sina Sports said.
Eriksson joined Guangzhou in June last year on an 18-month contract which reports in China and Europe said was worth up to US$3 million a year.