Caixin
Feb 22, 2022 04:50 AM
BUSINESS

Evergrande Chairman Maintains Commitment to Soccer Club

Guangzhou Evergrande F.C. has won the Chinese Super League eight times in the past decade.
Guangzhou Evergrande F.C. has won the Chinese Super League eight times in the past decade.

Embattled China Evergrande Group is still committed to its money-losing soccer business, according to Chairman Hui Ka Yan.

The debt-laden property developer’s chief, known in Mandarin as Xu Jiayin, vowed to continue in the soccer business and build the Guangzhou Evergrande Football Club as a “cradle and platform.” He made the comment Saturday at a soccer management meeting, Caixin learned.

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