Chinese football in chaos as billions finally run out – NEWS.com.au

Chinese Super League champions Jiangsu FC have ceased operations, underlining the financial problems coursing through football in the country.Jiangsu, who won the domestic title for the first time just three months ago, are owned by the conglomerate Suning — which also owns Italian giants Inter Milan.
Chinese media said that Jiangsu have not officially dissolved and could yet have a lifeline if new investors are found soon.
The unravelling of Jiangsu, until recently known as Jiangsu Suning, could…

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