Chen Hua, a senior journalist, revealed that during Du Zhaocai's years at the helm of the Football Association (FA), there was news that the FA had returned an adjustment fee to Evergrande, however, the funds were mysteriously misappropriated by the head office to make up for the huge shortfall in real estate and financial management.
Chen Hua recalled in the article, "It seems that last year Evergrande's financial chain was once tense, as the main battlefield of the Chinese Super League during the epidemic, Guangzhou had feedback that the eight-champion Evergrande had no money left in its hands."
I seem to remember that the Football Association (FA) under Du Zhaocai had refunded Hengda most of the adjustment fee, initially in the hope of giving Hengda a ray of hope and easing its plight. But it is said that the money was eventually retained by the headquarters to fill a bigger loophole. The loopholes in soccer seem insignificant.
Chan Wah questioned who would dare to put money into Evergrande with such a history. The complexity of the adjustment fee is even more worrying, which may hide the suspicion of indiscriminate charging. With this money, I'm afraid we have to wait until the leadership of the FA is formally prosecuted before the giants can consider their next move. Perhaps this adjustment fee is the key to the FA leadership's failure?
All is yet to be revealed. Soccer, as a luxury item, is about the rights and interests of the majority of fans. Those consumers who invested in Evergrande's real estate, stopped working, and purchased Evergrande's financial products, their rights and interests are more worthy of attention than those of the fans who purchased the tickets.
According to the latest reports, Guangzhou has encountered a number of challenges early in the season, including a pending litigation dispute with former head coach Jose Manavaro.