News flash: May 23, the soccer world came heavy news, Talisca and Paulinho after the relegation of Serie B team Parma also to the Chinese Super League manager Cannavaro threw out the olive branch of cooperation. Facing the Super League teams, including Guangzhou, cost control has become a top priority.
According to authoritative data, since the end of 2015 to the first half of 2020, Evergrande FC's accumulated losses have exceeded RMB 7.5 billion. Especially between 2017 and 2019, operating costs surged from 1.767 billion to 2.89 billion, and despite the fact that revenues climbed from 528 million to 950 million yuan, revenue growth did not keep pace with soaring costs.In 2019, Evergrande's full-year loss was as high as 1.94 billion, and in the first half of 2020, due to the impact of the New Crown epidemic, the main revenue plummeted to 10.13 million yuan, a staggering 97.1 percent drop from the 2019 A staggering 97.1% drop from revenue of $352 million in the same period of 2019.
