Evergrande coping with cash crunch

Chinese Super League giant Guangzhou Evergrande reported a loss of 1.8 billion yuan ($267 million) in 2018, according to the club's annual report, which was released on Wednesday.

Evergrande, a National Equities Exchange and Quotations (NEEQ)-listed company, recorded operating costs of 2.43 billion yuan ($361 million) and operating revenue of 603 million yuan ($90 million) last year.

According to financial regulations issued by the Chinese Football Association (CFA), the total permitted expense for CSL clubs in 2019 is around $174 million.