As we move into July, waves are being made in the soccer world.
Shanghai Shenhua (soccer team)
The road to the stock reform of Shenhua is a rocky and difficult one, like being stuck in a quagmire. At the moment, Shenhua's only hope is the teams in the Chinese Super League that have not yet settled the transfer fees of Shenhua's ten million dollar players.
The time has come to July 31, the first deadline set by the CFA by which Chinese Super League clubs must settle unpaid wages. Those clubs that fail to repay more than 30% of their total salary arrears for the 2021 season and before by July 31 will face severe sanctions from the CFA: a ban on registering new players in the second transfer window of the 2022 season and a deduction of three league points. In this tense struggle, all the teams in the Chinese Super League have put their best foot forward, but there are still some teams, such as the
Shanghai Shenhua (soccer team)
, facing the crisis of having their points deducted for not being able to pay their outstanding wages.
Standing in the club's position, Shenhua is still counting on those teams in the Chinese Super League that owe players transfer fees. If the money can be successfully obtained, Shenhua may get through the July 31 difficulties. However, if the money is difficult to arrive, Shenhua's future will be full of uncertainty.
