March 5, 2023, Beijing time zone
, a news about the equity reform of Guangzhou Football Club surfaced last night. Negotiations between Guangzhou Pharmaceutical Group and Evergrande, which was originally expected to take over the club, finally broke down, and the Guangzhou team will still maintain the wholly-owned holding status of Evergrande Group in the new season.
As early as last season's tournament had not yet come to an end, the relevant departments of Guangzhou Municipality set up a special working group responsible for promoting the shareholding reform of the two Guangzhou clubs - Guangzhou Team and Guangzhou City. According to reports at the time, Guangzhou Pharmaceutical Group showed strong interest in Guangzhou Team, while Guangzhou City attracted the attention of Guangzhou Automobile Group. However, recently, Team Guangzhou suddenly released the team's salary cap rule, a drastic salary cut that has triggered widespread concern in the industry. The top salary has been reduced to 600,000 yuan, and former starters and international players have chosen to leave the team, which also maps out the twisted course of Guangzhou team's share reform from the side. Domestic media Oriental Sports Daily has reported that Guangzhou's reform progress has been unusually slow, and the process has encountered numerous difficulties. Among them, the most difficult problems include the club's huge debt and the players' high salaries. It was reported that the reform program proposed to separate the club's equity and debt. The Guangzhou Pharmaceutical Group, which is interested in taking over the club, is only willing to take over part of the team, and insists that the annual spending cap set by the Chinese Super League Association will not exceed 300 million yuan. As for the club's debt, including the huge expenses including salary arrears, Guangzhou Pharmaceutical Group said it is not willing to bear. The conditions put forward by Guangzhou Pharmaceutical Group are far from Evergrande's expectations. Evergrande wanted to keep 30% of the club's equity after the share reform, with the new enterprise assuming all the debts and retaining some members of the original management team. Obviously, Guangzhou Pharmaceutical Group can not meet these conditions. As a result, the share reform of the Guangzhou team has reached a deadlock, and Evergrande Group has started to formulate a "Plan B", requesting that the club's annual operating expenses be reduced to 15 million yuan, and that young players and young talents cultivated by the football academy be used in the new season of the Chinese Super League. Just last night, the media exposed the latest progress of the Guangzhou team's share reform, the situation seems to have been basically determined that the Guangzhou team's share reform failed. Previously interested in shares of the local enterprises have switched to Guangzhou City, Guangzhou team in the new season, if there is no accident, will still maintain Evergrande Group's wholly-owned holding. Evergrande Group's love for soccer is self-evident, but in the face of the current situation, it can only take the strategy of self-reliance. As for the performance of Guangzhou team in the new season, fans should not expect too much from them. (Source: DD)
