How football’s multibillion-dollar empire took just five years to reach brink of disaster – Fox Sports

Five years ago, China came forward with a promise that threatened to divide the football world.
Like the West had in abundance for well over a century, the East was finally going to have its answer to elite league football.
The method was simple one that has been used for eons, and will be used for eons more.
Jiangsu put it into use in 2016 when the club, backed by multibillion-dollar retail giants Suning, spent big and trumped an offer by Liverpool to sign Brazils Alex Teixeira for about $A80…

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