Following the official announcement of the renewal of the contract of Tang Miao and Cheng Yuelei, the Guangzhou City team's shareholding reform also ushered in a new trend: it is reported that Guangzhou Automobile, Yuexiu Group and several other state-owned enterprises supporting the Guangzhou City club, jointly opened a special account, and has transferred a sum of up to nearly 100 million yuan into this account.
While two senior players renewed their contracts, head coach Van Garst also completed the contract renewal process. Although the exact timing of this funding is yet to be clarified by the share reform process, Guangzhou City's series of moves have revealed the team's ambition for the new season.
