According to the latest news on January 26, Beijing time, Chen Ning, a well-known host of Guangdong Radio and Television's sports channel, posted on his social media platforms the latest news about the equity reform of the two Chinese Super League teams in Guangzhou.
Chen Ning revealed in the dynamic: "I just got the news that the negotiation between Guangzhou City and Guangzhou Auto is progressing quite smoothly, and even if the two sides finally succeed in joining hands, Fortune Group will not completely withdraw. As for the Guangzhou team, it is currently negotiating with Guangzhou Pharmaceutical Group, and it is expected that there will be no substantial progress in the short term. Once the two sides successfully reach an agreement, Guangzhou Pharmaceutical Group will launch a staple product as the team's main sponsor, and we look forward to good news as soon as possible."
