CSL champ Jiangsu ceases operation
Print Edition
CHINESE Super League champion Jiangsu FC will no longer be able to operate due to financial reasons ahead of the 2021 season, the club announced yesterday.
The meltdown came just 108 days after the team made history by taking its first-ever CSL title.
“However unwilling to bid farewell to players who have brought the club the highest honor and fans who have stuck with us through thick and thin, we have to announce with great regret that Jiangsu club will cease operation of teams at all levels from today, while continuing to seek, in a wider scope, interested parties for the future development of the club,” it said in a statement yesterday.
The club, known as Jiangsu Suning before changing its name in line with Chinese Football Association regulations, said it had been seeking potential buyers for half a year in vain, with “great sincerity to transfer the club.” It failed to meet the registration deadline for the 2021 season and had to dissolve the teams.
Jiangsu, which is owned by Suning Holdings Group, has faced a precarious financial situation since last season, as it was reported it owed its players wages and title-winning bonuses, and has seen its Romanian coach Cosmin Olaroiu and Brazilian star attacker Alex Teixeira leave.
Amid reports of financial difficulties, Suning’s chairman Zhang Jindong earlier this month hinted at a pivot away from sport. “We will focus on retail business resolutely and without hesitation will close and cut down our business irrelevant to retail,” he said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
