An aerial view shows the construction site of Guangzhou Evergrande Football Stadium, a stadium for Guangzhou FC, developed by China Evergrande Group, in Guangzhou, Guangdong province, China, Sept. 26, 2021. REUTERS/Thomas Suen/File Photo
HONG KONG/BEIJING: A government body has taken over China Evergrande Group's soccer stadium with a view to selling it, a person with direct knowledge of the matter told Reuters, as the debt-laden property developer scrambles to meet liabilities.
Evergrande, which has been struggling to meet repayments on over $300 billion in debt, is also considering selling money-losing Guangzhou Football Club, the person said.
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