On a hot summer day, a story about Shanghai Shenhua's share reform is making waves in soccer circles. The report pointed out that Shenhua's road to share reform is rocky and the only ray of light is certain teams in the Chinese Super League that have yet to settle transfer fees for Shenhua's 10 million dollar players.
Time comes to July 31, the day the CFA set a deadline for Chinese Super League clubs to resolve wage arrears. If the club fails to repay 30% of the total amount of salary arrears for the 2021 season and before, the CFA will impose a transfer ban on them and deduct 3 league points. At the moment, Chinese Super League teams are busy dealing with this challenge, and some of them are even anxious due to the lack of funds, Shanghai Shenhua is one of them, facing the crisis of points deduction due to the inability to pay off the debt on time.
For Shenhua, the biggest hope is that other teams in the Chinese Super League can fulfill their promises and pay the outstanding transfer fees. If the money can be successfully raised, Shenhua may be able to get through July 31st. However, if the money is still out of reach, the future looks bleak.
