关键词: 跨国并购, 动因, 风险, 规制

Abstract: Chinese capital M&A of overseas well-known football clubs has become a common practice. This article summarizes through literature review and logical inference the reasons for the practice, which include both internal and external ones. The internal reasons include increasingly favorable domestic football policies, serious capital cluster and industrial upgrading needs;the external reasons include depression of football economy and depreciation of football club values, etc. When undertaking M&A of overseas football clubs, Chinese investors should seek points of alignment from differences in culture, policy, and management and fully grasp the characteristics of football industry so as to work out decisions in scientific way; respect foreign clubs opinions and give full play to the effect of sino-foreign coordinated management; speed up the internationalization process to reduce the risk of M&A.

Key words: transnational M&, A, motivation, risk, rules and regulations