Currently, many sectors are actively pushing for changes in the shareholding structure, however, the results do not seem to be satisfactory. This is similar to the problem encountered by organizations such as Guangzhou City Football Club and Chongqing Liangjiang Athletic - a heavy debt burden. Despite the annual injection of sponsorship funds and the relentless efforts of local authorities to promote equity reform, most of these funds can only cover the current season's expenses. As for those debts accumulated in history, the original investors are asked to solve them on their own. In the case of Guangzhou City, for example, they chose to bear only the current expenses and refused to bear the historical debts, preferring to start all over again rather than becoming an ingrate, which is undoubtedly a wise strategy.
Huang Qiang mentions in Crooked Talk Sports that despite the fact that Wuhan Three Towns Football Club completed their relegation ahead of schedule, they are still living a not-so-comfortable life. After all, they haven't had an investor for a year and are completely reliant on corporate sponsorship and support from the relevant authorities, which is barely enough to make ends meet. So how will we cope next year? A year has passed since the announcement of the $0 transfer and still no one has made an offer to take it over. Many are perplexed by this phenomenon of $0 transfers going unoffered. In fact, this phenomenon can be traced back to its roots in the lawsuits over unpaid wages for the 2022 season. Debt issues from the past are piling up. Taking over at this point would undoubtedly be taking on the burden of dealing with these historical bad debts. Who would be so foolish? If you are genuinely willing to transfer, you will have to deal with all the historical debts together.
