The Chinese football community has recently caused an uproar, and the detention of Liu Yongzhuo, the head of Evergrande Automobile, has touched the nerves of the entire industry. This widely respected "right-hand man" came to an abrupt end, which brought a huge shock to Evergrande Automobile and the football circle. At the same time, the foggy suspense of Xu Jiayin, chairman of Evergrande Group, is also worrying.
From Liu Yongzhuo's journey in Evergrande Group to his role in Guangzhou Evergrande Club, he has made remarkable achievements during his tenure, not only witnessing the team's glory from the Chinese League to the AFC Champions League, but also signing world-class coaches and well-known foreign aids. But at a FA Cup celebration banquet, the bold remark: "If I don't give you the championship in China, I can't grab it", now it seems doubly ironic.
Evergrande Auto's share price has plummeted more than 12% since the resumption of trading, and the impact of Liu's arrest on the company's stock is shocking. His last public appearance was in December, and the subsequent movements have been even more confusing. The company's performance has also suffered serious losses due to factors such as rising prices for core components and production costs, but Liu Yongzhuo's high personal salary is in stark contrast.
Evergrande Auto had hoped to receive the support of Newton Group, but with the turmoil of Evergrande Group, the transaction and financial support plans were put on hold, and Xu Jiayin's suspected violation of the law has smeared the whole situation with a more confusing color. Evergrande Auto is now facing a debt problem, with a worrying balance sheet and failed to pay off its maturing debts and overdue commercial bills amounting to billions of yuan.
In this changing situation, the future of Evergrande Automobile is full of uncertainty. In the face of this series of turmoil, whether Xu Jiayin's tough posture can continue and whether the restructuring of Evergrande Group can be carried out as scheduled has become the focus of attention of the industry and fans.
Liu Yongzhuo's disappearance and the turmoil of Evergrande Automobile are like a turbulent wave in Chinese football. This is not only a crisis for the company, but also a great change in Chinese football and even the sports industry. It is hoped that in this turmoil, the future of Chinese football can find a more stable and sustainable development path.