On the chronological axis of May 23rd, a new development has come from the soccer world. According to an exclusive revelation from Football Daily, Talisca and Paulinho, once shining stars of the Chinese Super League, have now been relegated to Serie B with Parma FC. At this very moment, this Serie B team has thrown an olive branch to the Chinese Super League famous manager Carlo Cannavaro. Facing the economic pressure of the major clubs in the Chinese Super League, including the Guangzhou team, cost control has become a top priority.
The data reveals the financial situation of Evergrande Football Club. Since the end of 2015 to the first half of 2020, Evergrande's accumulated losses have exceeded RMB 7.5 billion. During this period, especially from 2017 to 2019, operating costs jumped from RMB 1.767 billion to RMB 2.89 billion. While revenues grew from RMB528 million to RMB950 million, this growth was nowhere near as fast as the soaring costs. in 2019, Evergrande's full-year loss was a whopping RMB1.94 billion. And the onslaught of the new crown epidemic saw main revenue plummet to 10.13 million yuan in the first half of 2020, down a staggering 97.1 percent from 352 million yuan in the same period in 2019.
