UEFA gets $230M sponsorship from Chinese payment platform

(AP Photo/Petr David Josek, File)

SHANGHAI (AP) UEFA has secured more than 200 million euros ($230 million) from Chinese online payments platform Alipay to sponsor leading European soccer competitions.

UEFA President Aleksander Ceferin was in Shanghai on Friday to announce to the eight-year deal with Alipay to sponsor men's national team competitions, including the European Championship in 2020 and 2024 and the new Nations League .

The company is controlled by Jack Ma, the founder of e-commerce giant Alibaba Group.

World soccer's governing body, FIFA, has a tie-up with Alibaba, which was founded by Ma in 1999. Car manufacturing brand Alibaba E-Auto is the title sponsor of the Club World Cup through 2022.

More AP soccer: https://apnews.com/apf-Soccer and https://twitter.com/AP-Sports

Updated November 9, 2018

Sports Data API Powered by STATS © 2018 by STATS.
Any commercial use or distribution without the express written consent of STATS is strictly prohibited.

Partner of USATODAY Sports Digital Properties