Sichuan Annapurna FC have confirmed that their new investor is Daguan Group, a Chinese investment company based in Shanghai with various Chinese media reporting the news on February 28. 

Sichuan Annapurna FC and Daguan Group plan to organize a press conference on March 10 to officially sign the contract to transfer the club’s stakes from He Yaping to Daguan Group. 

According to media reports, Daguan Group had paid the latest player salaries and the costs for the new season’s training (more than CNY10m), allowing Sichuan Annapurna FC to meet the Chinese Football Association’s club registration requirements for the new season’s leagues.

It’s also been reported that Daguan Group will retain the coaching staff headed by Li Bing and General Manager Ma Mingyu.

Daguan Group President Fan Zhehao seems to have played an important role in the acquisition. 

In addition to investment, Daguan Group is also involved in private flight services. 

Reference: Shangyou Xinwen

Proofread by Raymond Fitzpatrick