Chinese injection of cash into Spanish club is good news for cash-strapped football clubs in Europe

So the European Central Bank plans to inject about 1 trillion euros ($1.14 trillion) in order to reflate the persistently sluggish eurozone economy. Good news for the European economy generally, but can government and public sector money-pumping really establish self-perpetuating economic growth? Or is it just one important contributory factor that works best in partnership with substantial capital investment from the private sector?

Economic history points to the latter.