Sino-Singapore Jingwei Client, March 5th. On March 5th, Tianjin Tianhai Football Club announced on its official Weibo "Announcement on Proposed Zero Foreign Transfer of All Equities of Tianjin Tianhai Club". The announcement stated that the club had reached the difficult time of "life or death", so it was decided to transfer 100% of the equity of the club for 0 yuan, and the club's valuation was between 650 million and 770 million yuan.

Image source: Tianjin Tianhai Football Club official Weibo

The announcement said that in the 2019 season, the club overcomes many difficulties, completed the relegation task, and retained its qualification to participate in the 2020 Super League. However, due to well-known reasons, the club may not be able to maintain normal operations throughout the season, and the club has reached a critical moment of "life or death". In order to be able to retain the difficult Super League qualifications, the club made a difficult decision: from now on, it will recruit suitable transferees and will transfer 100% of the equity of the club with zero transfer fee . The specific debts and debts are negotiable. The deadline for the transfer is March 14, 200.

The announcement also pointed out that at the end of the 2019 season, the club entrusted Beijing Qihua Assets Appraisal Co., Ltd. to conduct an asset appraisal of the club. After the assessment, the club's total asset appraisal value was 64882.50 to 77171.72 million yuan .

Public information shows that Tianhai Football Club was formerly known as Tianjin Quanjian Football Club. In 2015, Quanjian Company formally acquired Songjiang Club and established Tianjin Quanjian Football Team. After that, Quanjian Group acquired Dalian Women's Football Equity to set up Dalian Quanjian Women's Football Team.

On January 1, 2019, the Tianjin Public Security Organ opened a case for Quanjian Company's suspected crime of organizing and leading pyramid scheme activities and the crime of false advertising. As of January 7, 18 criminal suspects such as Shu Yuhui have been criminally detained.

On January 8, 2020, the People's Court of Wuqing District, Tianjin, publicly pronounced on a case involving 12 persons, including the defendant unit Quan Jian Company and the defendant Shu Yuhui, in organizing and leading a pyramid scheme. Among them, Quan Jian Company fined 100 million yuan. Shu Yuhui was sentenced to nine years in prison and fined 50 million yuan.

On January 8, 2019, Tianjin Quanjian Football Club completed its name change and changed its name to Tianjin Tianhai Football Club. The national corporate credit information disclosure system shows that the controlling shareholder of Tianjin Tianhai Football Club is still Quanjian Company, and the club supervisor is Shu Yu The son of Hui Shuchang Jing.

Source of screenshot: National Enterprise Credit Information Disclosure System

According to the Football News, recently, Tian Hai submitted the roster of first-team players as usual, but the Chinese Football Association has not yet given registration approval. In addition, there is still a phenomenon of arrears in the Tianhai team. The January salary of the players has not yet been paid. (Zhongxin Jingwei APP)