The Empirical Study On Asset-backed Securitization Of Guangzhou Evergrande Taobao Football Culb

Guangzhou Evergrande Taobao Football Club is market-oriented operation of the most successful professional football club. From its membership in China’s League One to the fair of Evergrande’s five consecutive championships, Evergrande Real Estate Group plays an inseparable role in its development, investing a lot of money to introduce outstanding foreign players and coaches. However, Evergrande Taobao Football Club hasn’t yet achieved profits, and the development of the club is still plagued by the funds. How to better solve the funding which the club needs is worthy of study. with the improving performance records of the club, several major income channels of Evergrande Taobao Football Club have become stable, which can form stable cash inflows in the future. The financing way of asset securitization has been widely used in sports fields in the West, and it can provide the operation and development of the club and stadium with adequate funding. As China’s most successful professional football club, Guangzhou Evergrande Taobao Football Club has relatively narrow channels in solving the demand side of funds, thus the search for new financing way to solve the development of Guangzhou Evergrande taobao club co., LTD has great significance.Asset securitization is a new way of financing. In the 1990s, it developed rapidly, due to its relatively low cost of financing and relatively fewer requirements for enterprises. Besides, the relatively high efficiency of its financing on stimulating active financial markets has been widely praised. There are many precedent foreign sports clubs financing funds through asset securitization to meet the business development, which is a reference for the domestic club financing.This thesis, using research methods such as literature, data analysis, logical analysis and so on, analyzes the present status quo of Guangzhou Evergrande Taobao Football Club’s operation. Then based on the operational status of the club’s operation, the thesis will elaborate on the necessity and feasibility of asset securitization financing of Evergrande Taobao Football Club. In addition, it designs the operation processes of asset securitization, and it will study how Guangzhou Evergrande Taobao Football Club Co., Ltd. implements asset securitization. The thesis will point out some possible risks during the process of asset securitization.