https://supchina.com/2021/09/20/evergrandes-financial-troubles-threatens-its-soccer-club-guangzhou-fc/amp/

Just saw a tweet now that the club might not continue playing when the league starts back up in December

Pretty sure there is a lot of radical changes going on in China. Didn't last season's winners fold or something like that? lol

Yeah the league is seemingly in financial ruin and yes Jiangsu (Sainsbury’s former club) folded.

I did some digging and there have been plenty of foreigners who have left the league, especially at Beijing Gouan.

I wonder if this will affect Mooy & his team?! He's looking pretty comfortable over in Scotland 

Football in China is just not meant to be

They've sold off their stadium project to another real estate group, hope it still goes ahead as construction was quite advanced.

Another chapter in the long story of the downside of sugar daddy ownership. 

Surely the local interest could not justify spending the money they have. Its also attracted minimal worldwide interest so eventually it had to die. 

What happened to the Chinese economic miracle LOL 

The Chinese government mandated a luxury tax on clubs but that didn't stop clubs spending.  The csl then tried to make clubs use their academy's and yet clubs didn't    . Evergrande is in bigger strife as the parent company is indebt massively.  And could be reprecussions world wide 

Same that happened in brasil 

When you remember that Australia's economic strategy for the last quarter century has been digging up rocks for China.

China should have been selling their homegrown products overseas like hotcakes instead of hoarding & inflating their domestic player wage bill. Just did it the wrong way really... 

Lightly unrelated but what's with all the club name rebrands? I noticed Shanghai SIPG are now Shanghai Port and Evergrande are now just FC?

Yep if they go belly up we're not far behind.

Iirc the csl have told them to rebrand . Just like how all jlesgue clubs moved from being named after their parent owners .

I wonder if Evergrande has a stake in WU?

yep
The Chinese Football Association is making good on its order that clubs must remove references to investors and the companies that own them, and instead adopt “neutral” names, media said.

Was always going to happen. The CSL should have built slowly with players at the end of their peak (as opposed to start of their peak) and worked on improving their domesitc talent. Pretty much the MLS blueprint would have worked well for China. Instead they went for the quick fix and whilst their foreigners were on par with some major european clubs, their local players were inferior which made it not good watching. No one wants to watch top level players run around the opposition defence as if they were witches hats.

The silver lining for Australian football is that there is less incentive for our top talent to leave Europe early and chase the Chinese money and have clauses put in their contracts for the CSL (Like Mooy had) 

Some people seem to see this as a CSL problem whereas is it Evergrande being way overleveraged and out of cash. There share price is down 80% year to date and have $310b in debt. They have way bigger issues than their football club like running a ponzi scheme promising 12-13% roi to retail investors and having executives essentially held hostage in hotels with investors wanting their money.

While yes football clubs are expensive this is way bigger than that

Yeah they're In the shits and have until tomorrow to pay their first parachute payment of 5 so they don't default ok their agreement. 

they missed payment deadline

  That's gonna cause havoc across the world 

Oh fark, don't tell me these clowns are going to want to play at Lakeside as well now?

Not really if the uprising is internal to PRC

Hope so but they also have massive investments os and apparently have some here .  The midland clubs better be careful . Wolves have a lot to lose