Nearing the registration deadline for the new season, many soccer clubs are rushing to deal with the thorny issue of salary arrears. Among them, the situation is particularly dire for Chinese Super League powerhouses Wuhan Three Town and Cangzhou Lions, as well as Guangzhou of the Chinese Football Association Super League.
Among these clubs, Guangzhou, the former eight-champion of the Chinese Super League, seems to be the most active. In order to ease the financial pressure, from the owner to the players, the Guangzhou team is all out, and even held an offline sale on December 17 to sell the club's equipment.
Guangzhou's most serious wage arrears issue at the moment involves former coach Cannavaro, amounting to about 1 million euros. This is undoubtedly a drop in the bucket for the Guangzhou team if they only rely on selling merchandise online and offline to make up for it. Currently, the future of the Guangzhou team is so worrying that even the Salvadoran coach and three assistant coaches are ready to find another way out.
Whether Guangzhou team can successfully pass the entrance examination of the Football Association, the key lies in whether Cannavaro can reach an agreement with the club on the repayment of salary arrears in installments. If the two sides are deadlocked, the Guangzhou team's debut in the new season next year may become a fiasco.
However, for the Guangzhou team, convincing Cannavaro to gracefully repay the outstanding salary is not an easy task. Since Cannavaro returned to Italy from China after the epidemic, coaching Serie A Udinese has been a period of time, but the end of the season did not get a contract extension.
With the 12 million euros he used to receive from Guangzhou now unaccounted for, it's only natural that Cannavaro is reluctant to let go of his salary arrears. Jokingly, with only a week left of Christmas in the West, perhaps Cannavaro is looking forward to the payment of Guangzhou's salary arrears to celebrate the holiday!
