Sports • Soccer

Chinese football champions Jiangsu FC cease operations

Chinese football champions Jiangsu FC cease operations
Jiangsu FC crest

The champion of the Chinese Football League, Jiangsu FC, ceases playing with immediate effect. This was announced by the retail giant Suning, which owns the club. Jiangsu had won the Chinese Super League title for the first time only about three months ago.

According to the group, they want to focus on the retail business in the future. Other business areas not related to the core business would be closed and scaled back. At the beginning of the month, the Group announced that it was in a difficult situation due to the Covid-19 crisis. Jiangsu has allegedly amassed around $90 million in debt.

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Card reviewed by: @ericof