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Rumor: Evergrande can no longer afford football, how much has it done in 11 years

Tianjin Daily reporter Shen Wei posted a screenshot of the Guangzhou Football Club’s application for trusteeship from the government on Weibo on September 8th, and wrote: “There will be a curtain call.”

In the screenshot of the chat, it was mentioned that “Evergrande Group is no longer able to continue to undertake the work of the club due to economic conditions. It can only last until September, and has negotiated with the coaching team to terminate the contract, and the club promised to finish this year’s league”.

Several football reporters have reposted this Weibo, but the authenticity of the screenshot has yet to be confirmed.

Evergrande, which is deeply mired in the debt crisis, had to face one after another negative news. REDD quoted 4 people familiar with the matter as saying that Evergrande has notified two banks to suspend the payment of loan interest due on September 21. It is reported that Evergrande informed one of the banks this week that the group finance would not sign and agree to pay interest, and asked the bank to wait for the new plan to be finalized.

If all the rumors come true, the 11-year ” Evergrande years” of Guangzhou football will come to an end. The influence of the Evergrande Group on Chinese football has long been not limited to Guangzhou. Since it took ownership of the team, it has caused a storm of capital in the entire Chinese Super League for years, while Evergrande’s players and coaches have also been the main protagonists in the national team of China.

Nowadays, the “capital” (Jinyuan – Gold and Yuan) football will finally come to an end, but this whirlwind left only a piece of chicken feathers for Chinese football.

Chinese internet comments:

@anoop911

Bringing Jinyuan football, after the end, Chinese football has not been developed in essence. If Evergrande’s youth training can become a climate, I would like to call him king. In fact, the essence of Evergrande is to sell houses by football.

@basin playing football

Evergrande can’t be blamed entirely. The Chinese Super League does not have a top-level design, and it is not the fault of a club to make it like this in the end.

@Social Capsule

There is no football echelon building in the whole country. It is not easy to say that it is not easy to expect the club to fully develop the youth training. It is obviously thankless!

The main purpose of the club should be to make money. Youth training and national team training require the cooperation of the club, but this is the responsibility of the Football Association and should not be attached to the club.

@mdmbx

After ten years of Evergrande’s youth training, there was no stable rotation in the Super League.

@LaoZhao and 58 others still think it’s awesome

Its youth training is looking for someone to take the offer. Evergrande’s greatest contribution is to be a catfish for the Chinese Super League at that time. He won twice in the AFC Champions League. As a club, he was indeed successful.

But then the decision of the international team to gather at Evergrande was too rubbish. Once back before liberation, SIPG immediately sent Wu Lei abroad. Others were not so hard-hearted and had to give them away obediently. From then on, why do you ask other clubs to be willing to use the money to manage football?

Whether the work is too much or too much work, this really can only be proved by time.

@ Instead of 205

Xu Jiayin once again proved that if he didn’t know how to do it, he expanded his business indiscriminately, and he was doomed to fail. The Chinese club must operate on its own.

@九月的小雨

Evergrande Cereals and Oils, Evergrande Bingquan, Evergrande Football, Evergrande Motors… are all over.

@Sraphim

In the ten-year Super League, apart from sending a lot of checks to foreign players, what did Chinese football get?

@虎扑JR1328175407

The good seedlings who have studied abroad have all returned.

@PekingOSC

The shareholders of Evergrande were the worst, falling from RMB 26 to RMB 4 in a year.

@William985

That’s not as good as Huaxia Happiness, 40 fell to 4 yuan.

@hmy015

Evergrande Motor dropped from RMB 70 to RMB 5 in four months.

@新岛眞

Evergrande’s youth training has only started in recent years, and the youth training hasn’t worked so quickly.

@ Real Horse Legend Alaba

If Evergrande can also persist in the 20-year youth training, of course it is Risby’s.

@RuckLee

It has been more than 10 years and in recent years, Genbao has surpassed in 10 years of youth training, and Evergrande has not had a single rotation in the Chinese Super League for more than 10 years of youth training. Source

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