Soccer Information

-On March 12, Dalian Ren Football Club officially released an important notice announcing that the Dalian Football Reform Working Group has officially taken over the Dalian Ren Football Club and will implement full management of the club. Although Wanda Group will still bear the operating expenses of the club for the next three years, Wanda has substantially withdrawn from the soccer field.

After Wanda Group, Guangzhou's two real estate clubs are currently in different situations. Guangzhou Auto Group's takeover of Guangzhou City Football Club is progressing well and is expected to start injecting funds into the team this month; while Fortune Group is likely to withdraw fully from the operation of Guangzhou City. On the other hand, with the difficulties encountered in the equity reform of

Evergrande Group

The decision was made to continue running the club independently, and not all of the $15 million a year in operating costs goes to the first team, but also includes all the costs of the football academy's youth training and so on.

Despite the recent official announcement of a number of partners, the Guangzhou team thus gained funding revenue is not enough to form a strong support for the club. The Guangzhou team is currently undergoing training is the team of the football school, last year's first-team players, in addition to the international players training in Hainan, other players have not received training notice, the club has not been on the retention of these players and the players have not made any communication. And several veterans, including Huang Bowen, Meifang, etc., has been made publicly or semi-publicly

demobilize

The decision.

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