Zhao Mingyang, chairman of Dalian Aerbin Group Co. Ltd, has bought Dalian Shide football club, it has been announced.  

"Aerbin has already bought the Dalian Shide football club with 320 million yuan ($51 million)," Zhao said on his first meeting with players on Nov 2, the day before the Shide's last match.

Zhao has promised to properly place every member of the Shide club. It is reported Aerbin will make decisions on the future of players when they future at the Aerbin Group meet on Nov 7.

Zhao watched Shide's last match accompanied by his assistant Yuan Wanzhong who is the deputy chairman of Aerbin and the general manager of the Shide club.