Hebei FC employees offer to work for free amid financial crisis

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Nov 15 (Reuters) – Hebei FC employees have offered to work for free in a bid to help the Chinese Super League (CSL) club deal with its financial crisis, Xinhua news agency reported, citing a letter circulating Monday on social networks.

Hebei are set to become the second top division team in the country to shut down this year after the club issued a statement last month saying operations would not continue until a new investor came along. would not have been found.

Hebei is owned by property developers China Fortune Land Development and was once among the biggest spenders during China’s soccer boom years.

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The letter, signed by 60 Hebei employees, said the employees are willing to work for Hebei without being paid until the “structural reform of the club is completed”.

“Since 2020, Hebei FC has encountered unprecedented difficulties,” the letter read, according to Xinhua News Agency. “It is true that the club cannot pay water and electricity bills and travel expenses.

“As long as the club can survive, we want to be able to work for him without looking for a salary from today until his structural reform is complete with his crisis over.”

Hebei lured Argentinian duo Ezequiel Lavezzi and Javier Mascherano to the Chinese league on huge salaries, while former Manchester City and Real Madrid manager Manuel Pellegrini led the team from 2016 to 2018.

Despite their big spending, Hebei have had limited success, with their best showing coming in 2017 when they finished fourth.

Hebei have qualified for this year’s CSL championship rounds, which are to be played in December.

They were knocked out of the Chinese FA Cup by second division side Shaanxi Changan last month.

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Reporting by Manasi Pathak in Bengaluru; Editing by Shrivathsa Sridhar

Our standards: The Thomson Reuters Trust Principles.

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