In the wave of equity reforms, the initiatives of the relevant authorities have not been effective enough, which is similar to the financial difficulties of clubs such as Guangzhou City and Chongqing Liangjiang Athletic - a heavy debt burden. Despite the annual injection of sponsorship funds and the active promotion of equity reform by the local authorities, these sponsorship funds can only cover the current season's expenses. As for those historical debts, it seems that we can only hope that the original investors can solve them on their own. Taking Guangzhou City as an example, they chose to bear only the current expenses and turn a blind eye to the historical debts, preferring to start from scratch rather than acting as an ingrate, which is a rational choice to a certain extent.
Huang Qiang mentioned in his sports commentary that even though Wuhan Three Town announced their relegation early on, they are still not living comfortably. After all, they have been without an investor for a year and are now totally dependent on corporate sponsorship and support from related organizations, which is just barely enough to sustain them. Facing the road ahead, what will happen next year? The $0 transfer announcement released a year ago has gone unanswered so far. Many people are puzzled by this, but in fact, as evidenced by the recent lawsuit over unpaid wages, the 2022 season has a long history of debt problems. There is so much debt accumulated in the past that taking over now is just dealing with the bad debts of the past. Who would be that stupid? If you genuinely transfer, it should include dealing with all previous debts.
