Recently, Li Quanqiang, the director of China's Volleyball Sports Management Center, was removed from his position. There are many rumors about his problems, mostly suggesting that he may have been negligent or had an authoritarian style in personnel management, but it is likely that there is more to it. The fact that he was thoroughly investigated by a working group suggests that there might be corruption involved; otherwise, mere laziness or incompetence would not lead to imprisonment. As for another national sport in China, table tennis, the situation with the Chinese Table Tennis Association (CTTA) seems even more direct and murky. Several top Chinese table tennis players recently withdrew from the world rankings, causing quite a stir. Naturally, as athletes, they would not easily give up their hard-earned high rankings. Their decision to withdraw must have been driven by their own difficulties. The reality is simple yet brutal: the players were forced to participate in a competition they did not value, and they were unwilling to serve as pawns for certain interest groups. Currently, Chinese players have a very tight schedule, and the WTT (World Table Tennis) competitions do not offer significant benefits. This is a commercial event where the rewards do not match the efforts, and players face hefty fines for missing events. Therefore, withdrawing from the ranking system has become their only way out. However, this also means that they will be unable to participate in any future international competitions due to the loss of ranking points, which could be seen as forcing them into early retirement during…

The recent withdrawal of Fan Zhendong from the international rankings has sparked interest in the International Table Tennis Federation (ITTF) and the World Table Tennis Corporation (WTT). Liu Guoliang, the head of the national table tennis team, holds three positions: chairman of the Chinese Table Tennis Association, executive vice-chairman of the ITTF, and chairman of the WTT board. Recently, media outlets have been digging into some doubts surrounding these roles, providing some insights. Shanghai Television's "Look News" program raised several questions: for example, how can the ITTF ensure the depth and objectivity of its investigation into WTT when they are essentially the same entity? Additionally, the ITTF originally held a 100% stake in WTT, which later became 85%; where did the remaining 15% go? Why hasn't WTT's 2023 financial report been made public yet? Tencent Sports' "Hoson Observation" column wrote an in-depth article that provides some answers. The article clarifies that WTT is a company dedicated to operating the ITTF's tour events, and there is no doubt that they are one and the same. Some netizens even discovered that the official accounts of the ITTF and WTT may be operated by the same person or company, so the ITTF's so-called investigation into WTT is akin to investigating itself, which would yield no results. However, the ITTF's original 100% stake in WTT became 85% after 2022; where did the remaining 15% go? The article answers this question. A meeting record of the ITTF shows that the 15% stake was transferred to a company called "Word Sports," whose legal representative is Lei…

Translation of the article content into English: Recently, Shanghai media raised three questions regarding the establishment of an investigation group by the International Table Tennis Federation (ITTF), one of which was about the transfer of WTT's shares from 100% to 85%. There has been much speculation about who received the remaining 15%. A senior media figure has now revealed the truth, suggesting that the 15% shareholder is not an ordinary person! According to a meeting record from 2023, the 15% shareholding was transferred to Lei Zhenjian, the former CEO of LeSports, through a "debt-to-equity swap" (the editor apologizes for their limited financial knowledge and does not fully understand what this means). It can also be found in many official articles that Lei Zhenjian has participated in some table tennis association activities as a director of WTT, a global director of WTMG, and a director of ATT, the Asian Table Tennis Union. The article also points out that Liu Guoliang and Lei Zhenjian have a significant connection; they are partners operating a catering company together (only Liu Guoliang's spouse and Ma Long's names are visible on Tianyancha). However, the specifics of their relationship remain unknown! From Fan Zhendong, Chen Meng, and Ma Long withdrawing from the World Ranking points, to the ITTF establishing an investigation group, various media outlets are closely monitoring the national table tennis team, frequently involving certain main players. As fans, all we can say is that the national team just achieved a clean sweep of five titles at the Bao Olympics. We hope the investigation group will…

The withdrawal of Fan Zhendong from the international rankings has sparked interest in the International Table Tennis Federation (ITTF) and the World Table Tennis Corporation (WTT). Liu Guoliang, the head of the national table tennis team, holds three positions: chairman of the Chinese Table Tennis Association, executive vice-chairman of the ITTF, and chairman of the WTT board. Recently, media outlets have been digging into some doubts surrounding these roles, providing some insights. Shanghai Television's Look News program raised several questions: for example, how can the ITTF ensure the depth and objectivity of its investigation into WTT when they are essentially the same entity? Additionally, why has the ITTF's 100% stake in WTT become 85%, and where did the remaining 15% go? Why hasn't WTT's 2023 financial report been made public yet? Today, Tencent Sports' "Husen Observation" column published a deep article that provides some answers. The article clarifies that WTT is a company dedicated to operating the ITTF's tour events, and they are undoubtedly one entity. Some netizens even found out that the official accounts of the ITTF and WTT may be operated by the same person or company, so the ITTF's so-called investigation into WTT is akin to investigating itself, which will likely yield no results. However, the ITTF originally held 100% of WTT's shares, which later became 85%. Where did the remaining 15% go? The article answers this question. A meeting record of the ITTF shows that the 15% was transferred to a company called "Word Sports," whose legal representative is Lei Zhenjian. He also attended the meeting…