In the May 23rd edition of the Sports News Flash, a big news in the soccer world attracted a lot of attention. Talisca and Paulinho, the stars who once shone in the Chinese Super League, are now, with the relegation of Parma to the Serie B, the team that had the audacity to throw an olive branch of cooperation to the former Chinese Super League manager, Carnavaro. Meanwhile, Chinese Super League clubs, including Guangzhou, are actively dealing with the tide of cost control.
According to authoritative data revealing that since the end of 2015 to the first half of 2020, Evergrande Group's cumulative loss in the soccer field has reached as high as RMB 7.5 billion. In particular, between 2017 and 2019, operating costs have shown an alarming increase, jumping from 1.767 billion yuan to 2.89 billion yuan. Although revenues rose from RMB528 million to RMB950 million over the same period, this growth was far slower than the soaring costs.In 2019, Evergrande's full-year loss was as high as RMB1.94 billion, while in the first half of 2020, severely hit by the new crown epidemic, the main revenue plummeted to RMB10.13 million, a sharp drop of 97.1% compared to RMB352 million in the first half of 2019, a sharp drop in revenue. Striking.
