In the wave of equity reform, the efforts of the relevant authorities have not yielded the expected results. This phenomenon coincides with the financial difficulties experienced by organizations such as Guangzhou City Football Club and Chongqing Liangjiang Athletic, both of which are under heavy debt pressure. Despite the annual injection of funds from sponsors and the relentless efforts of local authorities to promote equity reform, these funds can only meet current expenses. As for the historical debts, the original investors are asked to settle them on their own. In the case of Guangzhou City, for example, they chose to bear only the existing expenses and refused to bear the historical debts, preferring to start from scratch rather than becoming a scapegoat. This approach is, to a certain extent, a sensible choice.
Huang Qiang mentioned in his sports commentary that although Wuhan Three Town completed their relegation ahead of schedule, they are not having a good time. After all, they have been without investors for a year and are totally dependent on corporate sponsorships and support from related organizations, which are just barely making ends meet. What will happen next year? A year after the $0 transfer announcement, there is still no one willing to take up the offer. Many people are perplexed by the phenomenon of $0 transfers going unanswered. In fact, this phenomenon can be traced back to the appeals of arrears for the 2022 season. Too much debt has been accumulated in the past. A takeover at this time would undoubtedly be an attempt to deal with these historical issues. Who would be so stupid? If you genuinely want to transfer, you should take on all historical debt.
