On July 23, according to media person Xu Yi, the financial situation of Zhejiang FC has reached a critical point.
Xu Yi wrote on his personal Weibo: “SOS! The financial situation of Zhejiang FC has reached a critical point. The club has withheld wages for months, and this year’s bonuses have not been paid. In addition to the salaries and bonuses of the first-team players, coaches of all levels, and club staff, the club is currently unable to settle the costs of advertisers, catering, and other suppliers. Last year, Zhejiang FC relied on its own cost-cutting measures and the phased support from shareholders and the provincial party committee and government to survive. But now… opening youth training support stands and continuously recruiting sponsors for the youth team chest advertisements are self-rescue measures by Zhejiang FC, which values youth training construction.”
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