On March 22, there was news that the Shanxi Fenjiu Men’s Basketball Team was to be transferred. This has long been old news worth mentioning.

The reason why I say this is because the legendary transferee company is also a Shanxi company. Then there is nothing to worry about. As long as the team is in Shanxi, no matter how it is transferred, the fans will not be too worried or concerned. The team is still in Shanxi, so Shanxi fans are unfazed by the news and dismissive, which is normal.

The reason why it is said to be old news is because this news came out long before the Spring Festival. The content of the rumor is that it will be transferred to a state-owned enterprise in Shanxi, whose name seems to be XX Investment Company. The reason is that Fenjiu Group no longer wants to bear the burden of spending a lot of money and not earning a good reputation.

Many fans knew the news at the time and discussed it online. It's just that everyone knows that the team will not leave Shanxi, so they are relieved and not as worried as before. As long as the team is in Shanxi, fans will have games to watch. As for who will take over the team and who will manage the team, these are secondary - it doesn't matter. Since Fenjiu is not doing well, changing the boss may bring about changes.

So, why is Fenjiu Group unwilling to continue to want this team? Let’s analyze it and we’ll understand. In China, both football and basketball lose money. From Evergrande to Hongyuan, no club can make a profit. They all hope to gain profits off the court. Fenjiu Club is no exception. In recent years, Fenjiu Group has invested nearly 100 million yuan in the club every year, but there has been no good results every year, let alone the best results in history. Every year there is a lot of promise at the beginning of the season, but a disgrace at the end of the season. Every year there is thunder but little rain, and Fenjiu Group has not gained a satisfactory reputation. Input and output are not directly proportional. Should such non-performing assets be divested?

In addition, Shanxi Province is undergoing a reform of state-owned enterprises and state-owned assets. Fenjiu Group is the leader of this reform. It wants performance and profits. It has issued a military order to the Shanxi Provincial State-owned Assets Supervision and Administration Commission, and this club will seriously affect the group. of financial statements. In this way, the club becomes a burden.

In this case, the transfer of the team is a matter of course. How much is the transfer fee? Are there transfer fees for such non-performing assets? It’s good that they can take over, and they have the nerve to ask for a transfer fee. Anyway, we are all enterprises owned by the State-owned Assets Supervision and Administration Commission, which is equivalent to being in the same pot, and there is no problem of loss of state-owned assets.

It is said that the club is currently going through the transfer procedures. The only mystery now is which one takes over the business? How is the strength? Will you continue to invest heavily? How does the club operate? All this will soon come to light.

The team will definitely not leave Shanxi, so don’t worry, just go to sleep. It's just a pity that the club's LOGO contains elements of Fenjiu. It cost a lot of money to make last summer and was scrapped after only one season.