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  • it had all looked so good, so recently.

  • Jiangsu FC was one of the big names in Chinese soccer and the reigning champion.

  • But now the country's top league has been thrown into turmoil by news that the club will immediately cease operations.

  • The announcement came from owner Sunni group over the weekend.

  • The retailer says it wants to focus on its core business, leaving other assets at risk.

  • Jiangsu says it hopes new backers could come in, failing that there will be a big hole to fill domestically.

  • And in the Asian Champions League, Jiangsu celebrated its first title win in November.

  • The squad included star Brazilian winger Alex Teixeira, signed for over $60 million but there were signs of brewing trouble.

  • Teixeira refused to sign a new contract and the club's coach was reported to be departing.

  • Such news sparked speculation about the club's financial viability.

  • Now the fallout from signings move could also be felt far beyond China.

  • The firm also owns top level Italian club into Milan.

it had all looked so good, so recently.

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B1 club fc cease chinese league sunni

Chinese football in disarray as champions Jiangsu FC cease operations

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    林宜悉 posted on 2021/03/04
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