On July 23, according to media reports by Xu Yi, the current financial situation of Zhejiang FC has become extremely difficult.
Xu Yi wrote on his personal Weibo: “SOS! The current financial situation of Zhejiang FC has become extremely difficult. The club owes salaries for several months, and bonuses for this year have not been paid. Apart from the salaries and bonuses for first-team players, coaches at various levels, and club staff, the club is also unable to settle fees owed to suppliers such as advertising materials and catering services. Last year, Zhejiang FC managed to survive through its own cost-cutting measures and temporary support from shareholders and the provincial government. However, now… Setting up a youth training support stand and continuing to seek sponsorships for the youth team’s jersey front are self-rescue actions taken by Zhejiang FC, which places great emphasis on youth training construction.”
