The final whistle has sounded for China Evergrande global soccer ambitions.

The embattled Chinese property giant is canceling a contract to build what was slated to be the world’s largest soccer stadium, and is returning land-use rights for the site to the government of Guangzhou in its home province.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Shohei Ohtani’s $700M Dodgers contract is huge — but its actual value is much lower

At first glance, Shohei Ohtani’s $700 million, 10-year deal with the Los…

3 people gunned down in Chicago suburb before shooter found dead in burning home

Three people were gunned down in a quiet Chicago suburb on Friday…

Karol G’s ‘Mañana Será Bonito’ Is No. 1, Making Chart History

In December 2020, Bad Bunny made history on the Billboard charts with…

3 killed, 5 shot in Florida graduation party shooting

Three people were killed and five were shot during a graduation party…