Your team's dilemma: Complicated situation under wage arrears and transfer ban
On June 6, among the hot topics in the sports circle, sports blogger Sta Lee revealed a shocking news: Guizhou Football Club has not paid players' salaries and bonuses so far, and the accumulation has reached 8-10 months, amounting to hundreds of millions of dollars.
Staley took to social media to reveal that despite a stunning start to the new season with three consecutive victories, Guizhou then suffered three consecutive defeats, and the last three rounds of fixtures have been grainless, as the team's form has taken a sharp turn for the worse.
The predicament suffered by your team is closely related to the issue of long-term unpaid wages. What is more worrying is that the future direction of the team is confusing, and even the possibility of going to the end.
Here are a few of the big questions facing your state:
1. The liquidated damages of Head Coach Manzano have not yet been settled, involving a substantial sum of money.
2. The club owes players 8 to 10 months' salary and bonuses, and this year only 2.5 months' salary has been paid, with hundreds of millions of dollars in accumulated arrears. Not only have the players not received their salaries, they have not even been given their IOUs.
3. Your team is affected by the FIFA transfer ban and is not allowed to attract reinforcements or register new players for three years.
The accumulation of these problems has led to shaky investor confidence in the team, while club owner Wen Xiaoting's passion for soccer seems to be fading. In recent years, Guizhou club's management has been in disarray, with foreign executives being overpaid without substantial results, and the strategy of attracting reinforcements at high prices has been controversial.
It is reported that after paying the first stage of the resident fee, the team is holding a wait-and-see attitude on whether to continue to fight in the Central League. On the one hand, the Guiyang local government's support for the team is insufficient; on the other hand, Hengfeng's own financial strength is limited, coupled with the team's many problems, huge salary arrears affect the investors' determination to invest.
Head coach Chen Mao said in an interview that the players did not question the win bonus and that they were playing for their egos. But it is obvious that the team's three consecutive losses have a lot to do with the players not getting paid. There are rumors that if the team is finally disbanded, Hengfeng may start over with a new team from the lower level of the Champions League.
