On the afternoon of August 2, Fluotino, President of Real Madrid, and Hui Ka Yan, Chairman of Evergrande Group, cut the ribbon to commission Evergrande football training base. On the noon of the day, the two agreed on the intention for cooperation in Evergrande Hotel, which will be a win-win initiative. Hui will leverage the top-notch fame and prestige of Real Madrid to attain his goal of setting up a football industrial chain, while Real Madrid, on its part, will utilize the position of Guangzhou Evergrande to further its 109-year reputation in China and share the benefits from the Chinese football industry.

The project of cooperation is a football academy of an extra-large size. Hui noted that he would build a football academy of 10000 students (aged 12 ~ 13) in Guangdong and all its coaches would be from Real Madrid.