According to the latest report on January 26, Beijing time, Chen Ning, a well-known host of Guangdong Radio and Television's sports channel, posted on his social media platforms the latest news about the equity reform of two Chinese Super League (CSL) powerhouses in Guangzhou.
Chen Ning revealed in his post, "According to my understanding, the current negotiation between Guangzhou City and Guangzhou Auto is progressing smoothly, even if the final cooperation is successful, Fortune Group will not completely withdraw from the market; while the Guangzhou team and Guangzhou Pharmaceutical Group are in the negotiation stage, and it is expected that there will not be any substantial progress in the short term. Once both sides successfully reach an agreement, Guangzhou Pharmaceutical Group will likely become the main sponsor of one of the products, and we look forward to the good news."
