"978 days after the Super League restarted its home turf, fans are enthusiastic, market recovery is accelerating, and a new chapter in stock market reform is in the works!"

Among the scattered soccer teams, Shanghai Harbour and Shanghai Shenhua have chosen Dalian Sports Center Stadium and Dalian Jinzhou Stadium respectively as their home grounds for the new season. Meanwhile, Beijing Guoan, Shenzhen, Hebei, Cangzhou Lions and Tianjin Jinmen Tigers can only consider Haikou as their home ground in the first phase of the Chinese Super League. Beijing Guoan is actively negotiating with Rizhao in Shandong Province in an attempt to make this season's home ground in Rizhao, while Shenzhen is also stepping up communication with Foshan Nanhai Stadium in the hope of making it their home ground. According to the agreement of the Chinese Super League this season, if a team that wants to play at a neutral venue changes its home ground, it only needs to apply to the organizer two rounds in advance. Therefore, it is possible that both Beijing Guoan and Shenzhen will leave Haikou during the second phase of the competition. Although the Chinese Super League is methodically resuming home and away matches, a crisis still lurks. As we all know, with the end of the Chinese Super League's golden dollar soccer era, many clubs have experienced varying degrees of salary arrears, and some are even struggling with basic operations, with Chongqing Liangjiang Athletic Football Club announcing its dissolution directly before the start of the season. The Chinese Super League has stipulated before the start of the season that clubs need to complete the repayment of salary arrears in three phased repayment of salary arrears within the time nodes, of which 30% of the total amount of salary arrears need to be repaid by July 31st, or else 3 points will be deducted and prohibited from registering new players in the second transfer window. At present, including Guangzhou City, a number of unpaid clubs have been submitted to the CFA by the relevant personnel signed the unpaid salary repayment form. Wuhan Changjiang, which has been the subject of much concern over unpaid wages, only hastily paid a portion of their wages on August 5, and the players have already departed for the away game in Meizhou, hoping that the club can avoid the penalty of being suspended from registering players for the winter window. At present, a number of Chinese Super League clubs because of past debt problems and lead to the diversification of the share reform to promote poor, the club's long-term operating funds are difficult to sustain, which is the Chinese Super League to maintain the sound development of a major hidden danger. Recently, Evergrande Group, which has a tight capital chain, has already released an announcement announcing the return of the land use right of Evergrande Football Stadium, and it is expected that this project will lose 1.255 billion yuan. In order to attract new investors, Meizhou Hakka Club, the promoted horse in the Chinese Super League, has listed the club's first team in the Southern Joint Property Rights Trading Center sports industry resources trading platform, priced at 90 million yuan to 100 million yuan, which is the first Chinese Super League club to put its equity into the property rights trading center. As of now, the only way to ensure the sustainable development of the Chinese Super League is for the Chinese Super League clubs to realize a comprehensive stock reform. Super League fixtures take into account the cost of travel, the last four rounds and the World Cup "collision" Of the 18 Chinese Super League clubs, 11 have returned to their home stadiums, while the other 7 have not been able to return to their home stadiums, mainly because the clubs belong to a mega-city, where a large-scale epidemic had previously occurred, and the epidemic has been a major concern, so the epidemic prevention policy is still very strict, and the relevant authorities are reluctant to approve the Chinese Super League, such a large-scale sporting events. In addition to the reasons for local approval, there are also individual clubs that are reluctant to return to their home stadiums because of their own severe financial difficulties. Because the return of home and away will increase the club's transportation travel, reception of the visiting team and home security costs, so they prefer to go to Haikou neutral home. In the neutral home, the tournament organizers can help them advance the cost of food and lodging and other related costs, the club's immediate financial crisis can be temporarily relieved. In fact, the Chinese Super League in the development of the second stage of the schedule, in addition to as far as possible from the competition point of view to ensure that the teams fair participation, to a certain extent, is also to help the teams as much as possible to save the cost of travel under the system of home and away matches. This season's Chinese Super League schedule is mainly in accordance with the 18 clubs double round-robin home and away game system, a total of 34 rounds throughout the season, but in order to reduce the teams in the travel due to the number of flights, away from the travel expenses brought about by the pressure of the distance, and therefore can not fully follow the previous year's law of a home and an away, individual clubs can not be fully realized in the schedule of the arrangement of a home and an away. But even so, according to the current schedule, the last four rounds of the Super League is still unavoidable and Qatar World Cup "crash". In addition, the huge difference in climate between the north and south of China is also an objective factor that must be considered in the home and away match system. Currently, the Haikou area is in the hottest stage of the year, humid and sultry time may make Beijing Guoan and other northern clubs can not adapt. It is for the consideration of the climate difference is too large, the current national security is still going all out and Shandong Rizhao communication, hope that this season's home fell in Rizhao, so that the players can be free from Haikou climate hot suffering. The Shenzhen team also does not want to Haikou area as the home field, they prefer to be located in Foshan Nanhai Stadium. In addition to the Haikou area is too hot, in the end of the season in the north of the cold problem must also be treated carefully. Given that the last round of the Chinese Super League has entered December, and the north of China (such as Jilin and other places) in November has been extremely cold, not suitable for outdoor games. Therefore, in the closing stage of the season, the northern teams have to be in the south for a long time to play consecutive away games. For example, Changchun Yatai's schedule is very typical, they once had to seven consecutive home games, followed by seven consecutive away games. The club cautiously pushed forward the home opening program, Henan temporarily open 30% of the audience Although the Chinese Super League resumed the home and away system, but as of now, the real clear statement from the first game of the second stage can be open to the public ticket sales, allowing the audience to enter the club or a few clubs such as Dalian and Henan. Most of the return home clubs are still negotiating with the local epidemic prevention department about the specific methods of spectator admission, only a few places are open at the beginning, and it is expected that the subsequent gradual release of the spectators into the field. Of course, there are individual financial pressure on the club because of the inability to pay the home security costs, after comprehensive consideration, simply continue to empty the game. At present, Dalian people, Shanghai seaport, Shanghai Shenhua three teams' home stadiums are located in Dalian's Puwan Stadium, Dalian Sports Center Stadium, Jinzhou Stadium. Dalian currently introduced a fan admission policy is open to the number of spectators in each home can not exceed 20,000 people, and within six months was diagnosed as a confirmed case of the crowd is not allowed to enter, and the provisions of the regulations are in accordance with the relevant provisions of the city of Dalian epidemic prevention. A temporary parking lot will be built in Dalian for fans to park their private cars and fan buses. Local bus companies will provide fan buses free of charge, while the visiting team's fan team will need to report their activities in advance with the visiting club and the home match organizer. Zhengzhou Navigation Stadium, home of Henan Songshan Longmen FC, will open 30% of its spectator seats for the Round 11 matches, with casual tickets priced at RMB 50, RMB 100 and RMB 150 respectively. Real-name ticket purchase, real-name admission, strictly in accordance with the epidemic prevention requirements to implement the scanning code, temperature measurement, wearing masks, double code inspection and other epidemic prevention and control measures. Ticketing small program after the opening of the ticket caused fans crazy rush tickets, once into a paralyzed state, can be seen in the away from the Chinese Super League matches after two and a half years, the Chinese Super League fans are eager to get back to the home to watch the game of the kind of warm atmosphere. At present, Guangzhou City and Meizhou Hakka have made it clear that the 11th round of home matches will not be open to fans for the time being. And home temporarily located in Haikou district of the Shenzhen team has also made it clear that the home games are not open to the public for the time being. In fact, for some of the financial pressure on the club, they need to calculate the home ticket sales and security costs of the two accounts, if found that the security costs may be greater than the potential box office revenue, then temporarily not open to the public ticket sales from a purely financial point of view is undoubtedly more cost-effective. Cities that have seen sporadic outbreaks in the recent past may also want to follow the advice of their local epidemic authorities and try to control the size of their crowds. Accelerated share reform is a good recipe for self-help, Meizhou discounted for 100 million yuan to attract new investors The biggest pitfall of the Chinese Super League clubs is the high level of debt caused by the past golden dollar soccer era, so that nowadays, if they want to push forward the diversified share reform, the high debt burden (mainly players' salaries) makes potential investors fearful and hesitant to move forward. Currently, only a few teams, such as Shandong Taishan and Henan Songshan Longmen, which rely on state-owned enterprises, have successfully completed their shareholding reforms and have relatively stable financial chains. Most of the share reform stalled state of the club is mostly because of the past debt burden is too large, the original investors and potential investors in how to deal with the club's old debt problems can not reach agreement, Chongqing team simply because the share reform stalled and announced the dissolution. Before the start of this season, the CFA, CFL preparatory group in the 2022 season issued on April 3 in the Super League, A, B clubs related to the work of the notice clearly required: "the clubs shall not have a new wage arrears this season, in three stages to solve the problem of past wage arrears, that is, July 31 this year to solve the arrears of wages of not less than 30% of the total amount; October 31 The clubs that have not completed the repayment by the corresponding time will have to pay the outstanding wages in full by December 31st. Clubs that fail to complete the repayment by the corresponding time will be subject to different levels of punishment such as banning the registration of players in the second transfer window of the 2022 season, deduction of league points, relegation or disqualification from admission." Solve the problem of salary arrears is only the first step in the Super League to dismantle the bomb, really want to achieve sustainable development, the future must promote the club to realize diversified share reform. Take Guangzhou City Club, for example, where the problem of unpaid wages is more prominent. Due to the inability to pay the home security costs, Guangzhou City's 11th round of home games will not be open to the public. Previously, Guangzhou City was once rumored to be successful in its shareholding reform, when Fortune Group and local Guangzhou state-owned enterprises such as Guangzhou Automobile, Urban Construction and Yuexiu reached a framework schedule for shareholding reform. However, the three state-owned enterprises have since discovered in their due diligence on the club that Guangzhou City's actual debt is much larger than the initially communicated debt scale, which has surprised the state-owned enterprises a bit, and have re-demanded that Guangzhou City must resolve these off-balance-sheet debt issues. According to the schedule of the share reform framework at that time, it was required to complete the share reform by July 31st. But now that deadline has passed, but there has been no breakthrough in Guangzhou City's share reform. I don't know how long it will take for Guangzhou City's share reform to be completed. The good news is that Guangzhou City successfully submitted the salary repayment form signed by the players before the first deadline of July 31st to resolve the salary arrears, and has temporarily survived the disaster. Guangzhou Evergrande Football Club, another representative of debt-ridden gold-dollar soccer, has struggled to control its players' wage bill this season, and has long since lost its shine. in the evening of June 4, Guangzhou's majority shareholder, China Evergrande Group, announced that the company had decided to surrender the land-use rights of the Xiecun district plot in Guangzhou's Panyu District, where Guangzhou's 80,000-player home stadium was planned to be constructed, and that the transferee would pay a total of about 5.52 billion yuan of the The transferee will pay a total of approximately RMB5.52 billion for the refund of the transfer premium, which will be utilized for the Group's debt repayment. Upon completion of the transfer, Evergrande will no longer hold any interest in the land parcel. Public information shows that at the beginning of 2020, Evergrande had obtained the land use right of this piece of land with a total area of 499,100 square meters at a price of 6.813 billion yuan, and Evergrande plans to use this piece of land to build the home stadium of Evergrande Football Club, which can accommodate at least 80,000 people, and at the same time match with a variety of commercial culture and tourism projects, with a total investment of 12 billion yuan planned, and planned to be completed and put into use at the end of 2022. Evergrande chairman Xu Jiayin personally designed the "parallel lotus" soccer club home stadium design program was once in the Internet caused a heated debate, plans to make the stadium become the world's largest, the highest grade, the most complete support, the highest technological content, the highest number of seats in the world's top professional soccer clubs home stadium. On April 16, 2020, the construction of Evergrande Football Club's home stadium officially began. However, the construction of the stadium has since come to a standstill due to Evergrande Group's tight financial chain. Now, Evergrande has decided to return the land parcel, and given that the construction of the stadium has already commenced, the transferee is willing to continue to utilize the construction works already carried out for the soccer club's home stadium parcel within the land parcel, and according to the original contractual agreement, the transferee will be reimbursed for the relevant construction costs of RMB2,092 million it has already invested in such construction works already carried out. However, even so, Evergrande will record a loss of approximately RMB1.255 billion for this land transfer. Throughout the Chinese Super League clubs, many teams are in debt because of the previous golden dollar soccer, and there are only a very few without debt pressure. Meizhou Hakka Football Club, the promoted horse in the Chinese Super League, has openly stated that it has never owed wages or incurred any debts. However, with the promotion of Meizhou Hakka to the Chinese Super League, the investment cost of the club is destined to rise in the future. Therefore, Meizhou Hakka Football Club also saves for a rainy day and hopes to introduce new investors. So, under the promotion of Meizhou Sports Bureau, Meizhou Hakka Club's first team's equity will be in the southern joint property rights trading center sports industry resources trading platform on the shelf. This move is aimed at promoting the club's equity diversification and share reform, which is the first Chinese Super League club to put its equity into a property rights trading center. Meizhou Hakka club first team valuation of more than 300 million yuan, but in order to attract investors, the team's share price discounted for 90 million to 100 million yuan. Meizhou Hakka boss Wei Jinping said, from 2021 to date on the team's investment of about 1.2-3 billion yuan, but in the valuation does not require the calculation of the previous investment, his requirements for investors is, as long as the team does not leave Meizhou, all conditions can be negotiated. And, Meizhou Hakka emphasized that the team has never owed wages, and there is no debt, so investors do not need to have any worries. Right now, the Chinese Super League to restore home and away, not only from the box office revenue and other perspectives to let the club income increase, more importantly, with the recovery of the fan market and media exposure, is expected to let the club in the business development and to attract investment and other levels of gradually out of the doldrums. Previously, by the resolution of the board of directors of the Chinese Super League, from the 11th round will open more advertising rights, including the game uniform advertising space to 5, training uniforms and warm-up uniforms open advertising space, etc., these initiatives will, to a certain extent, increase the club's business development resources, temporary relief clubs to ease the status quo of the tight financial chain. In short, the Chinese Super League over the past three years due to the epidemic and fell into an unprecedented trough, but from a positive level, the troubled Chinese Super League clubs are expected to become investors in the eyes of the "investment value of the depression", once the Chinese Super League through the home and away matches to gather popularity to restore the commercial value of the clubs will certainly help accelerate the reform of the shares. Of course, the complex process of share reform for this season's Super League is far from water to quench the thirst of the immediate future, the remaining matches of the season, the clubs must work hard to open source to ensure that the successful completion of the season's matches, which is undoubtedly a schedule and the World Cup collision of a greater challenge, how many clubs in the Super League can successfully deal with this challenge?