Shakhtar Donetsk have managed to profit heavily from the sale of Alex Teixeira

Shakhtar Donetsk have managed to profit heavily from the sale of Alex Teixeira, who has joined the Chinese super league in a deal worth around € 50 million.

Backed by rich investors, Jiangsu Suning have been able to make this mega money signing that is expected to fuel more spending from this part of the world in the next few transfer windows.Teixeira has been amongst the transfer rumours for quite a while. Liverpool were seen as his preferred destination, but the Premier League club were not even close to Shakhtar Donetsk’s valuation of the player.

Due to violence in Ukraine, several high profile players have been expressing their desire to leave the country.

Liverpool were in negotiations with the player and his Ukrainian club during much of January. They are understood to have made a € 24 million offer, which was rejected by the club. Shakhtar Donetsk valued the player at around € 70 million. For the club, this represents a massive influx of money that can now be used to sign other players across the field.Teixeira has been at Shakhtar since 2009 and he has been a recognised superstar in this part of the world after helping the club win five league titles.

Jiangsu also signed Ramires from Chelsea for a fee of around € 21.5 million. “Shakhtar Donetsk and Jiangsu Suning FC have agreed on all the necessary formalities for the transfer of Alex Teixeira to the Chinese club. Transfer fee for the Brazilian midfielder is €50m.

Shakhtar thank Alex for the time spent in the team and wish him success at his new club,” read a statement on the official website of the Ukrainian club. Jackson Martinez is the other high profile player to have joined the Chinese league in the January transfer window of 2016.