Evergrande (name)
The group is in turmoil, with its
China Super League (soccer league)
Powerhouse Guangzhou may be facing a government takeover dilemma, with rumors swirling about the return of manager Carlo Cannavaro. Meanwhile, another real estate-based
China Super League (soccer league)
The situation is worrisome as the team's parent company, Kenyon Group, disclosed losses of more than $5 billion last week.
Hebei, Chongqing Two Rivers Athletic and many other teams are short of funds and have operational difficulties this season, do
China Super League (soccer league)
Another wave of team exits coming? Will Cannavaro be the first to retreat?
Last Friday.
Evergrande (name)
Group Board Chairman Hui Ka Yan said bluntly at the Wealth Symposium "
Evergrande (name)
Unprecedented Challenges."
deep in debt
Evergrande (name)
The Group announced on the Hong Kong Stock Exchange a month ago that it was approaching potential third-party investors to discuss the disposal of some of its assets, including but not limited to listed subsidiaries and certain interests.
Under pressure from the parent company's operations, the
China Super League (soccer league)
The Guangzhou team has also been plagued by rumors recently. As an asset that has invested heavily but struggled to turn a profit, the possibility exists that the team will be sold or even outright disbanded.
Since landing on the new third board in 2015, Guangzhou Evergrande Taobao Football Salon has been a huge loss every year. The annual report shows that the loss in 2019 was as high as 1.943 billion yuan; due to the team's delisting at the beginning of this year, the specific operating conditions in 2020 were only disclosed in the first half of the annual report, and the loss has reached 1.052 billion yuan.
Since Guangzhou entered the soccer scene in 2010, they have always brought in high-profile foreign players and local internationals, but in 2021, for the first time in a season, they have achieved zero imports in two transfer windows, realizing the goal of an "all Chinese class". Despite the return of veterans such as Gao Lin, Feng Xiaoting, Zeng Cheng and Yu Hanchao, there are still a number of high-paid players in the squad, especially a number of naturalized Brazilian players.
Linking the Evergrande Group crisis to the Guangzhou soccer salon is the fact that the Guangzhou team, which finished second in the overall standings after the first phase of the Chinese Super League (CSL), has yet to regroup to prepare for next month's AFC Cup and December's CSL title contenders' group matches.
In particular, the team's head coach, Cannavaro, has not yet returned to Guangzhou and is still vacationing in Italy. Although there is news that he will return to China later this month, considering the quarantine time for entering the country, the FA Cup will have already started by the time he returns to the team. Italian media also said that Cannavaro has tried to find a job in Europe, and perhaps will no longer coach the Guangzhou team.
Cannavaro's contract with Guangzhou is set to expire at the end of next year, with an annual salary of 12 million euros, or about 200 million yuan. In order to save this huge salary expense, if there is no need to pay the liquidated damages, then there is a real possibility that both sides will terminate the contract early.
It is reported that once the Evergrande Group chooses to withdraw from the national soccer team, the government side might take over. Evergrande Group still wants to retain as much of the team's shares as possible if it can get through the difficult times.
Foreign aid returns, Henan prepares for battle as usual
Similar to the Guangzhou team, Jianye Group, one of the equity owners of the Chinese Super League's Henan Songshan Longmen Salon, broke the news of a serious crisis last week.
Jianye Group a statement on the enterprise appeared serious danger and crisis and request help and rescue, said, "due to the impact of the flood epidemic, Jianye Group total losses of more than 5 billion yuan ...... Now the group has entered a wartime emergency state, is developing a response plan, a series of optimization of management, cost reduction and quality improvement , staff reduction and salary cuts and other self-help measures."
As a company with real estate as its main business, Jianye Group, which owns a Chinese Super League team, has a crisis that naturally triggers concerns about the latest state of the Dragon Gate in Henan's Mt.
However, after the promotion of the neutralized name of the Football Association, the name was changed from "Henan Jianye" to "Henan Songshan Longmen", and the shareholder structure of the team has been changed from the exclusive holding of the Jianye Group to the Zhengzhou Municipal Government (40%), the Luoyang Municipal Government (30%) and the Jianye Group (30%). Joint holding. At present, compared to the Guangzhou team, Jianye Group temporary crisis on the team is not a big impact.
Henan Songshan Dragons are actively preparing for next month's AFC Cup and Chinese Super League matches. Unlike many Chinese Super League teams where foreign players have left the team, Henan Songshan Dragons have welcomed the return of two key players.
Ivo, the centerpiece of the midfield, was finally able to break away from Brazil and end his quarantine in China last month. Although the whole team is still on vacation, he has appeared in the team's training ground to actively recover. In addition, foreign striker Toure, who suffered a metatarsal fracture in the Chinese Super League at the beginning of May, has also recovered from his injury and has been training with Ivo for the past two days.
Henan Songshan Dragons will assemble on the 22nd of this month, this is due to the fact that the team's head coach Javier and the rest of the foreign coaching team chose to go back to their home country for vacation after the first phase of the Chinese Super League. Foreign center back Shuniqi, who also went back to his home country for vacation, and Zhou Dingyang, who traveled to England to attend his university graduation ceremony, will also return to the team in time.
As the fifth place in Guangzhou in the first stage of the Chinese Super League, Henan Songshan Longmen will play in the relegation group in the second stage of the Chinese Super League, but their 18 points are the second highest in the relegation group after Shanghai Shenhua, so there is not much pressure to be relegated.
