Multiple companies under the name of Li Tie have been revoked.

According to reports, on January 29th, the Ministry of Public Security, the General Administration of Sport, and the Chinese Football Association held a joint press conference in Beijing to launch a special campaign to crack down on the "fake gambling and black" issues in the football industry. A representative of the Chinese Football Association reported the specific details of the industry's penalties this time. Seventy-three practitioners, including Chen Xuyuan and Li Tie, who have been confirmed by the judicial department to have committed crimes, have been punished with a lifelong ban on engaging in any football-related activities. According to Tianyancha App, Li Tie is associated with a total of 9 companies, 5 of which are in operation or in existence, including Shenyang Li Tie Football Club Co., Ltd., and Guangzhou Shibote Sports Development Co., Ltd., while the remaining 4 companies have been deregistered or have not been cancelled. Li Tie holds positions or shares in the above-mentioned enterprises, with business areas including sports and other fields.