A bitter dispute between a Chinese football club owner and a government-owned bank has spilled into the open in a rare public clash between the state and private sectors.
The disagreement between Xu Guoliang, the controlling shareholder of Shanghai Shenxin Football Club, and Bank of Shanghai centres around two real estate projects in the Chinese city that Mr Xu says were misappropriated from him.
Mr Xu alleges that he was “intimidated” by a Bank of Shanghai vice-president into signing over the two property developments as a form of collateral for loans granted to a third company, Shenzhen-based Baoneng Group.
您已閱讀21%（614字），剩余79%（2271字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。