Evergrande's debt crisis has unnerved global investors.

恒大的债务危机令全球投资者感到不安。

Evergrande's model may not boost the sport at lower levels, however.

但恒大模式或许不会让这项运动从基层得到发展。

So what is Evergrande, and is it just a real estate company?

那么恒大到底是什么， 难道仅仅是一家房地产公司吗？

Evergrande is one of China’s largest real estate developers.

恒大是中国最大的房地产开发商之一。

Evergrande borrowed to finance all of its pursuits and its debt ballooned.

恒大举债为其所有业务融资， 其债务激增。

Besides being at the mercy of these policies, what else caused Evergrande to be where it is today?

除了受这些政策的摆布， 恒大走到今天还有什么原因呢？

But it does seem as though investors are a little bit more convinced that Evergrande's problems will not spread within China or more broadly in the world.

但看起来投资者应该相信，恒大的问题不会在中国境内或更广泛的世界范围内蔓延。

The team, previously known as Guangzhou Pharmaceutical, had been relegated to the second division because of match-fixing before it was acquired in 2010 by the Evergrande Real Estate Group.

在2010年恒大地产接手这支球队前，恒大的前身广州广药已经因假球而降入二级联赛。