Home » Sport » Lie Tie Corruption Scandal: Former National Football Coach Investigated for Bribery and Embezzlement

Lie Tie Corruption Scandal: Former National Football Coach Investigated for Bribery and Embezzlement

2024-01-13 17:53

Former national football coach Li Tie, who coached for 10 years and made hundreds of millions of dollars, was investigated for bribery. According to “Cover News”, his wife Long Fei refused to return 270 million (RMB, the same below) in stolen money and was preparing to divorce and go to the United States.

Reports indicate that Li Tie embezzled hundreds of millions of dollars during his tenure, mainly through several methods:

1. Talk about “cooperation” with the old club, and bring 4 players into the national team for 60 million;
2. Buy and sell the quota of national players, 5 million each;
3. Forced to join the Wuhan Zall Club, with an annual salary of 30 million

related news:
National Football Corruption Case│Li Tie spent 14 million silver bullets to become the national football coach to lure opponents into counterfeiting, details exposed
CCTV’s football anti-corruption film surpassed “Flowers” in ratings. The Football Association ordered all members to watch “Li Tie Confess” and share their thoughts after watching it in 1,500 words
National Football Corruption Case | Shenzhen player Li Fei stole 6 million yuan from Li Tie. Netizens: Instead, he saved his teammates
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In addition to making money while coaching the national team, Li Tie has also kept Shenyang’s Public Welfare No. 8 Park as his own all year round. By building youth football training fields and renting out sports activities, the annual turnover reaches tens of millions. According to the official WeChat account of Li Tie No. 8 Football Park, its operating entity is Shenyang Li Tie Football Club Co., Ltd. The legal representative of the company is Li Tie’s wife Long Fei, and Li Tie serves as the executive director of the company.

According to Tianyancha, Li Tie is associated with a total of 9 companies, 6 of which are in existence or open for business, including Guangzhou Shibot Sports Development Co., Ltd., Shenyang Li Tie Football Club Co., Ltd., and Guangzhou Shibot Environmental Technology Co., Ltd. (formerly known as Shibote Environmental Technology Co., Ltd.) Named as Guangzhou Shibot Sports Equipment Co., Ltd.), these companies are all related to sports, covering all aspects of football training, player agency, and venue operations.

It is worth noting that as early as 2015, Li Tie established a special company to extend his money-making efforts into kindergartens. In May 2015, Guangzhou Shibote Sports Development Co., Ltd. was established. This company mainly engages in early childhood football education, with a registered capital of 11.1222 million yuan and only 7 insured persons.

Li Tie is one of the founders of this company and serves as the company’s second largest shareholder, holding 36% of the shares.

The company’s WeChat public account announced that Li Tie’s early childhood football education has covered more than 500 cities in 23 provinces across the country, covering more than 15,000 kindergartens and more than 300 service outlets. The public account also published an article on January 9 about “Preschool Football Teaching Achievements Display.”

It is also worth mentioning that Li Tie was involved in judicial cases twice due to “private lending disputes”, involving an amount of more than 390,000 yuan.


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2024-01-13 07:30:10

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