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New China National Coach Marcello Lippi To Net Millions From Evergrande Academy

Marcello Lippi will earn almost $5M a year as China coach but "will pocket far more through a tie-in with a football academy," according to the AFP. The 68-year-old Italian was named boss of the national team by the Chinese FA on Saturday and has the tricky goal of steering the Asian country "to qualify for the 2018 World Cup" -- a near "impossible feat given recent losses to Uzbekistan and war-torn Syria." Lippi’s annual salary should be in the region of $5M said state broadcaster CCTV. But the offer made to the Italian "also includes income from Guangzhou Evergrande’s football academy," which will pay “Lippi and his team” €15.5M ($16.9M) annually to act as official “advisors” for the establishment, CCTV said. The club, which is riding high atop the Chinese Super League, "did not confirm the figure." CCTV said that Lippi "is committed to Guangzhou’s football academy until 'the end of January 2019.'" The CFA "did not give details about the length of Lippi’s contract." The Southern Metropolis Daily, based in Guangzhou, quoted sources close to the Italian as saying that “as well as the CFA, the highest levels of government also invited Lippi” to coach the national side, a move that had “a direct bearing on his decision” (AFP, 10/23).

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