After Changsha Ginde were relegated to League One at the end of the 2010 league season, the club was purchased by MAZAMBA and moved into the Shenzhen Stadium in the city of Shenzhen, Guangdong in February 2011. To represent this change the owners changed the club's name to Shenzhen Phoenix and changed the home kit from sky blue to green. By May 2011 the club was exposed as having serious financial problems and were struggling to pay their players and their hotel accommodation.