Guangzhou FC, formerly Evergrande, faced financial difficulties exacerbated by China’s real estate crisis and the Covid-19 pandemic. After defaulting on debt in 2021 and filing for bankruptcy in 2022, the club suffered severe setbacks, including the cancellation of ambitious stadium plans, player sales, and eventual relegation. Despite narrowly missing promotion in 2024, they have been denied permission to compete in the upcoming season due to ongoing financial issues. However, the club remains hopeful, vowing to support Chinese football and continue its efforts in Guangdong and Guangzhou.
