China Evergrande’s Soccer Club Seeking Government Aid to Survive
- Club’s fate in question as Evergrande struggles to repay debt
- Guangzhou team had symbolized China’s drive for football glory
Guangzhou Evergrande huddle before a game in Doha in 2020.
Photographer: Simon Holmes/Getty Images
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A soccer club owned by cash-strapped developer China Evergrande Group is seeking a government takeover to help the once high-flying franchise survive its parent company’s financial troubles.
Speculation about the request arose this week when a letter began circulating online that appeared to have been written by the head of the soccer association in Guangzhou, the southern city where the club is based.