In the past two days, Chinese football has once again entered the mainstream media, and two things have attracted special attention. First, Xu Jiayin, chairman of Evergrande Group, the parent company of the Guangzhou team, is suspected of breaking the law and has been taken compulsory measures in accordance with the law, and I am afraid that it will be difficult to escape jail; second, Sinobo Group, the parent company of Beijing Guoan, was enforced by the Jinan Intermediate People's Court for 3.2 billion yuan, and Beijing Guoan Football Club Co., Ltd., as a wholly-owned subsidiary of Sinobo Group, was also among the executors.
Evergrande Real Estate Group Co., Ltd. (hereinafter referred to as Evergrande Real Estate), located in Room 2801, Excellent Houhai Financial Center, No. 126, Haide Third Road, Nanshan District, Shenzhen, was established in Guangzhou City, Guangdong Province, China in 1997, and is a subsidiary holding enterprise of China Evergrande Group, with a total asset value of 1.84 trillion yuan in 2022. Evergrande Group is one of the world's top 500 enterprise groups integrating real estate, finance, health, tourism and sports, with total assets of one trillion yuan, annual sales scale of more than 400 billion yuan, more than 80,000 employees, more than 1.3 million jobs, more than 500 real estate projects in more than 180 cities across the country, and has become the world's first real estate enterprise. On August 16, 2023, Evergrande Real Estate was registered by the China Securities Regulatory Commission for suspected information disclosure violations and violations.
Hui Ka Yan, male, Han nationality, Chinese nationality, born on October 9, 1958 in Gaoxian Township, Taikang County, Zhoukou City, Henan Province, professor of management and doctoral supervisor. He serves as Chairman of the Board and Secretary of the Party Committee of China Evergrande Group, Vice Chairman of B20 China Business Council, Vice Chairman of APEC China Business Council, Vice Chairman of Silk Road Business Council China Committee, Vice President of China Chamber of International Commerce, Vice President of China Enterprise Confederation, and Vice President of China Entrepreneurs Association.
In 1982, he graduated from Wuhan Iron and Steel Institute (now Wuhan University of Science and Technology), majoring in metal materials and heat treatment. In 1996, he established Guangzhou Evergrande Industrial Group Co., Ltd. and served as the chairman of the board. In 2010, it bought out all the shares of Guangzhou Football Club for 100 million yuan and changed its name to Guangzhou Evergrande Football Club. On April 6, 2020, Xu Jiayin ranked 32nd in the "Hurun Global Top 100 Entrepreneurs" with a wealth of 186 billion yuan. On May 12, 2020, Xu Jiayin ranked third in the "2020 New Fortune 500 Rich List" with a wealth of 198.1 billion yuan. On February 4, 2021, the "China Donation 100 Masters List (2020)" was released in Beijing, and Xu Jiayin ranked third with 1.065 billion yuan. In April 2021, the 2021 Forbes Rich List was released, and Xu Jiayin ranked 53rd in the 2021 Forbes Global Rich List with 27.7 billion US dollars.
On September 28, 2023, China Evergrande announced on the Hong Kong Stock Exchange that the company received notice from relevant departments that Xu Jiayin, executive director and chairman of the board of directors of the company, has been taken compulsory measures in accordance with the law due to suspected violations and crimes.
Sinobo Group is a diversified enterprise group, founded in September 2005, headquartered in Beijing, China, the business involves high-end real estate, commercial development and cultural tourism and sports industries, products cover high-end residential, villa, commercial, office and other property types, has developed and operated Diaoyutai No. 7 Courtyard, Wanliu Academy and other projects.
Sinobo Group has invested in the sports and cultural tourism industry since 2011, is the investment operator of Chongli Prince City Ice and Snow Town, a key construction project of the Beijing Winter Olympics, and is responsible for the renovation and future operation of the Beijing Workers' Stadium. In January 2017, Sinobo Group controlled Beijing Guoan Football Club, a traditional giant in domestic football. On June 21, 2021, Sinobo Group acquired 36% of the equity held by CITIC Group and held 100% of the equity of Beijing Guoan Football Club.
On September 27, 2023, Sinobo Group Co., Ltd., Sinobo Land Co., Ltd., Sinobo Cultural Tourism Co., Ltd., Beijing Guoan Football Club Co., Ltd., Beijing Fortune Garden Real Estate Development Co., Ltd., etc. added a new piece of information on the enforcee, with an enforcement target of more than 3.2 billion yuan, involving a dispute over a loan contract, and the enforcement court was the Jinan Intermediate People's Court.
At present, Sinobo Group Co., Ltd. has a number of pieces of information on the enforceees, with a total amount of more than 4.2 billion yuan, in addition to the dishonest enforceees (Lao Lai), consumption restriction orders and final case information. Beijing Guoan Football Club Co., Ltd., wholly-owned by Sinobo Land Co., Ltd., has three pieces of information about the executor, all of which are jointly executed cases with Sinobo Group.
This season the Chinese Super League and the Chinese League One are nearing the end, Guangzhou team in the Chinese League has basically been successfully relegated, in the middle of this year, Xu Jiayin also shouted the ambition to return to the Chinese Super League within two years, now with Xu Jiayin is controlled, perhaps the fate of Guangzhou team will also change, and Guangzhou's other major shareholder Alibaba, in recent years has hardly controlled the team, if you can take over the team's equity, with the potential and momentum of this group of young people, small cost operation, may receive a different surprise.
Beijing Guoan has done reasonably well this season, now ranking sixth in the Chinese Super League, only three points less than the AFC Champions League zone, and can still compete for a place in the AFC Champions League next season, but with the club's equity frozen and executed, I don't know if it will have an impact on the team. With the influence of Beijing Guoan, even if Sinobo Group withdraws its investment, the team can still continue to exist, and the Guangzhou team also has a huge influence, and the local sports bureau should also try to protect the team that won two AFC Champions League titles for Guangzhou.
In the past two days, Chen Jiayuan has been prosecuted, waiting for him, will be a heavy sentence, and with the change of the general environment, the possibility of private companies entering football is also decreasing, at present, the Chinese Super League private enterprise team is already rare, a large number of state-owned enterprises into football, making the Chinese Super League synonymous with "public welfare football". If private companies want to enter professional football and develop, then the management and operation system of Chinese football will usher in a major reshuffle, and the professional league under the marketization will be attractive to private companies that seek profit.