Champion Evergrande rocked by resignations
Print Edition
THE chairman and two other top executives of China’s most successful football club, Asian champion Guangzhou Evergrande Taobao, have resigned, the club said.
Chairman Ke Peng, deputy general manager Mai Jianle and board member Zhang Hongping all stepped down for “personal reasons,” club statements said.
Evergrande, managed on the pitch by former Brazil boss Luiz Felipe Scolari, won its fifth consecutive domestic title in October and its second AFC Champions League in three years the following month.
Scolari is reportedly in the running too for China national coaching job.
Xinhua news agency yesterday quoted a source close to the club as saying that club operations were not affected.
Ke, who had been chairman since last year, was formerly director of branding for parent Evergrande Group, a commercial real estate group, it said.
Current board member Liu Yongzhuo, who was previously chairman, could be reappointed to the role, Xinhua said.
Developer Evergrande holds a 56.71 percent stake in the club and e-commerce giant Alibaba has 37.81 percent, with the rest in the hands of other investors following a share sale through a Chinese over-the-counter market last month.
The Asian champion raised US$132 million from new investors in a deal that valued it at US$2.4 billion — within striking distance of Manchester United.
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