Just months after winning the first Chinese Super League title in club history, Jiangsu FC went out of business.
The club’s current owners, Suning Group, today announced that all Chinese clubs run by them, including 2019 WCSL champion Jiangsu Suning Women’s and all youth teams, will cease operations immediately.
the shocking development comes after Suning Group announced its intention to focus only on its core business, leaving the future of its football efforts in limbo.
The group was looking for a buyer for the defending Chinese Super League champions, who have debts in the range of RMB 500 million and who would be available for as little as a dime.
In the absence of a buyer at the moment, this would see the Chinese champions withdraw from the 2021 season, and the Cangzhou Mighty Lions should thus retain their place in the first row.
With Tianjin Tigers expected to follow suit, Zhejiang Professional (formerly Greentown) are said to be the next club online to take the last free Chinese Super League spot this season.
This is not certain, however, as there is still a possibility for a buyer to take control of the club and re-enter it before any registration deadline has passed, but with the Chinese transfer window extended by ‘one month, this buyer should come. in quickly.
Seeing a club disband is a disappointing sight, as Tianjin Tianhai, Shanghai Shenxin and Liaoning FC have suffered this fate in recent years, but to see a club retreat just months after winning the biggest prize in domestic football is astonishing.
Club owners in China recently chose to simply withdraw their funding and no longer support their efforts, as the recent CFA-enforced corporate naming rule prompted a number of ownership groups to relinquish control.
Chongqing was another club struggling to settle debts after its recent name change, but support from a local government-run organization seems to have kept them afloat, while Jiangsu and Tianjin Tigers weren’t so lucky. .
It’s still a developing story and could have more twists and turns in the coming weeks.