Fabio Cannavaro waiting on US$30 million Guangzhou Evergrande payout: reports
- Chinese media suggest that under-fire Guangzhou Evergrande coach could earn 200 million yuan if he waits to be dismissed
- Chinese Super League giants finished trophyless this season after first exit from AFC Champions League group stage
While the writing appears to be on the wall for Guanzghou Evergrande manager Fabio Cannavaro, domestic media have reported that he is likely to wait out on a bumper contract payout of up to 200 million yuan (US$30.6 million).
Speculation over the Fifa World Cup winner’s future grew after the Chinese Super League giants confirmed a new management structure early Saturday morning, the day after their exit from the AFC Champions League group stage was confirmed.
Veteran China international Zheng Zhi was installed as the club’s new general manager, with the 40-year-old reporting directly to the chairman Xu Jiayin and the head coach – currently Cannavaro – reporting to him. Zheng served as a player-assistant to Cannavaro this season.
Despite the change, which domestic media such as Nanfang Daily have speculated would leave Cannavaro in charge of training and tactics, there has been no word on Cannavaro leaving the club.
According to reports that is because if the Italian – who is said to be on US$14.5 million a year – waits to be fired then will be paid out for the remainder of his contract. There are two years left on the contract he signed when he rejoined the club in 2018.