Today, the deadline for submitting entry information for the third tier of Chinese soccer was reached, highlighting the financial woes of Guangzhou Football Club, which is in dire need of assistance from the Football Association in the form of a regulation fee.
Shangguan reported that Chen Xuyuan and Du Zhaocai had tentatively agreed to release the adjustment money to Evergrande, but rumor has it that the money went straight to the group's headquarters to deal with huge deficits in real estate and investment.
Reporter Chen Hua analyzed, "Given Evergrande's past financial problems, who would dare to easily transfer money to Evergrande today? The handling of the adjustment fee itself is an intricate and complicated topic, which is suspected of charging indiscriminately. The destination of the funds will have to wait for the results of the investigation of the top management of the Football Association to be clear. Perhaps this reconciliation fee is one of the epitomes of the FA's leadership failures."
