Live broadcast on August 29 news according to the report of Oriental Sports Daily, Wuhan Shangwen, an investor of Wuhan three towns, has invested about 0.3 billion yuan annually in recent years.
On August 28, Wuhan Sanzhen club released a news briefing, saying that investors had confirmed again in a letter a few days ago that they would stop investing money in Sanzhen club from September 1, 2023. At the same time, the investor made it clear that the club had zero liabilities and agreed to transfer 100% of the shares held by the club of three towns to zero consideration, and would transfer the right to use the club base of three towns free of charge.
East Sports said that after the failure to make ends meet and the huge capital gap in club operation gradually became the norm, investors who were unable to support finally chose to stop injecting capital into the club, the experience of the three towns further shows that Chinese professional football is still troubled by various crises, especially the survival crisis.
The media went on to say that compared with clubs with poor performance, high debts and imminent dissolution, the three towns are undoubtedly excellent assets. It is reported that Wuhan Shangwen, a real estate enterprise, has always maintained rational investment in recent years, with an average annual investment quota of about 0.3 billion yuan. But now it is difficult for investors to find more “exports” for all kinds of expenses required by the club’s two-line operations, and they have to choose to stop capital injection.
Wuhan Sanzhen club also revealed the process of share reform in the announcement: since the move of share reform was put forward to the relevant functional management departments of provinces and cities in early 2023, with the strong support of provincial and municipal governments and the active promotion of relevant functional management departments, the share reform work is proceeding steadily and orderly, and has achieved phased results and substantial breakthroughs at present, the club is full of confidence in fully completing the share reform during the year.
(Luca)