In the wave of equity reform, many organizations are trying to move forward, but the results do not seem to be satisfactory. This phenomenon is similar to the financial difficulties experienced by teams such as Guangzhou City Football Club and Chongqing Liangjiang Athletic due to their heavy debt burden. Despite the annual injection of funds from sponsors and the relentless push by local government authorities to reform the shareholding, these funds often only cover the current season's operating expenses. Instead, the original investors are asked to solve the debt accumulated in history on their own. In the case of Guangzhou City, for example, they chose to cover only the current expenses and refused to take on the historical debts, preferring to start from scratch rather than becoming a scapegoat, which is undoubtedly a rational decision.
In Huang Qiang's commentary on the sport, he points out that even though Wuhan Sanzhen was relegated ahead of schedule, they are still having a tough time. After all, the team has not had an investor for a year, relying solely on corporate sponsorship and support from the relevant authorities, which is barely enough to get by. Looking ahead to next year, it's been a year since the $0 transfer announcement was made, and still no one is interested. Many people are puzzled as to why no one has taken up the $0 transfer. In reality, too much debt has been accumulated in the past, from recent cases of unpaid wages dating back to the 2022 season. Taking over at this point would mean dealing with these legacy bad debts. Who would be so stupid? If you genuinely want to transfer, you deserve to take on all the historical debt.
