China News Network, Tianjin, March 5th (Reporter Zhang Daozheng) Tianjin Tianhai Football Club issued an "Announcement on Proposed Zero Foreign Transfer of All Equities of Tianjin Tianhai Club" on its official Weibo on the 5th. The announcement said that from now on, it will recruit 100% of the club's equity in the form of zero transfer fee by recruiting suitable transferees.

Tianjin Tianhai Football Club stated that in the 2019 season, with the strong support and help of the Sports Bureau's hosting team, the club overcomes many difficulties, through the unremitting efforts of players and coaches, to complete relegation tasks and retain the qualification to participate in the 2020 Super League. However, due to well-known reasons, the club may not be able to maintain the team's normal operation throughout the season, the club has reached a critical moment of "life or death".

The announcement said that in order to retain the hard-won qualification of the Chinese Super League, in a responsible attitude towards Chinese football, players, coaches and fans, the club tolerated love after painstaking consideration and made a difficult decision of "equity transfer". The deadline for the transfer is March 14, 2020. It is expected that companies with strength, affection and love for Chinese football will take over the baton.

Tianjin Tianhai Football Club also pointed out in the announcement that at the end of the 2019 season, the club entrusted Beijing China Enterprise Investment Appraisal Co., Ltd. to conduct an asset evaluation of the club. After evaluation, the total asset evaluation value of the club was 648.825 million to 771.7172 million yuan. between. (Finish)