Front Sports Act Living
February 2023
Purpose: This study examined the role of Evergrande FC's club debt on the Chinese Super League (CSL)'s profitability from 2014 to 2019.
Methods: We extracted the financial statements of Evergrande FC and evaluated its correlation with the profitability of CSL and Evergrande Group, which serves as a direct indicator of commercial growth.
Results: The association between Evergrande FC's net loss and gross debt and CSL's profitability is positive, strong (all correlation coefficients > .