In the wave of equity reform, many organizations are trying to promote, but the results are not optimistic. This is reminiscent of cases such as Guangzhou City Football Club and Chongqing Liangjiang Athletic, which are struggling under the pressure of debt. Despite the annual injection of sponsorship funds and the active promotion of shareholding reform by local organizations, these funds can only solve the problem of short-term expenditures. As for historical debt, it is being pinned on the original investors to resolve it on their own. In the case of Guangzhou City, for example, they chose to cover only the current expenses and refused to take on the historical debts, preferring to start all over again rather than carrying a heavy burden, which is undoubtedly a sensible decision.
Huang Qiang mentioned in his sports commentary that even though Wuhan Three Town finished relegation ahead of schedule, they are still not living comfortably. After all, since last year, they have had no investors involved, relying entirely on corporate sponsorship and support from the relevant organizations, and the funds are barely enough to make ends meet. What will happen next year? A year after the announcement of the $0 transfer, there are still no takers. Many are perplexed as to why there are no takers for the $0 transfer. In fact, lawsuits over unpaid wages have been filed as recently as the 2022 season. Debt issues from the past are piling up. Anyone taking over at this point would undoubtedly be taking on previous bad debts. Who would be so stupid? If you're serious about transferring, you should take care of all the historical debt as well.
