Sport
Champion Jiangsu FC ceases operations as big-money Chinese Super League falters – Wide World of Sports
Champions go bust as $9.5b man walks away
Chinese Super League champion Jiangsu FC announced Sunday it would “cease operations” with immediate effect, just three months after winning its first title.
Nanjing-based Jiangsu, which is owned by retail giant Suning that also holds a majority stake in Italian league leader Inter Milan, said on social media that it hoped that a new backer could be found after the company pulled out.
“Even though we are reluctant to part with the players who have won us the highest honors, and fans who have shared…
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