In an unprecedented move, Jiangsu FC, the reigning Chinese Super League champions have ceased all operations at the club. For several years, CSL clubs have been luring some of the world's top talent with eye-watering contracts, leading many to question the long-term viability of the league. These assets include Jiangsu FC, which won the Chinese Super League title in November for the first time with a playoff win over eight-time champions Guangzhou Evergrande. Chinese football was thrown into disarray on Sunday as the owners of reigning Chinese Super League champions Jiangsu FC announced the club would cease operations with immediate effect. "The Chinese Football Association will work towards implementing the China Football Reform and Development Plan to continue its reforms, with an emphasis on strengthening youth development, improving the professional league and uniting all the forces around Chinese football to keep fighting for Chinese football.". If Jiangsu FC is unable to find a new buyer, that could have implications for the Asian Champions League -- the continent's most prestigious club tournament -- which starts in April. More about Jiangsu Suning FC shirts and football kits Hide At Futbol Emotion we have the latest Jiangsu Suning FC products for the 2019/2020 season. Suning had reportedly tried to sell Jiangsu, which has debts estimated to be around $US90 million ($117m). Local reports also say that Tianjin Tigers -- formerly known as Tianjin Teda -- is also on the verge of collapse, after its state-owned owner TEDA Holding reportedly pulled its funding ahead of the season. Part of the issue stems from a recent Chinese Football Association (CFA) ruling that no longer permits clubs to have corporate sponsors in their titles. Frugality is a must. in November to claim its first CSL title. Chinese football was thrown into disarray on Sunday as the owners of reigning Chinese Super League champions Jiangsu FC announced the club would cease operations with immediate effect. Suning is also a majority owner in current Italian league leader Inter Milan after purchasing 68.55% of the club for $307 million in 2016. During that season Jiangsu's average attendance was 27,508 in the 62,000-capacity Nanjing Olympic Sports Center Stadium. That victory was the pinnacle of a run by a once cashed-up club previously coached by ex-England manager Fabio Capello, and which in the summer of 2019 attempted to sign Gareth Bale, formerly the world's most expensive player, from Real Madrid. Fans of Chinese football champions Jiangsu FC say police have warned them not to protest or “make trouble” after the club’s abrupt financial collapse, and describe themselves as angry, heartbroken and powerless.Jiangsu said it had “ceased operations” after its backers, retail conglomerate Suning, who also own Serie A leaders Inter Milan, pulled the plug on […] Order by: Date: Most recent first Price: Less expensive first Price: Most expensive first By name: a - z By name: z - a Discount: highest first But it has nothing to do with Jiangsu FC’s financial crisis: China’s proud champion, the new mecca of world football, ended its operations this week. CFA statistics showed that the average annual expenditure for CSL clubs was about 1.1 billion yuan (about $170 million) in the 2018 season, with the majority of them facing losses. due to its breaching of financial regulations, collapsed and ceased to exist in May of last year. Jiangsu Suning has scored a total of 30 goals this season in Chinese Super League. Jiangsu Football Club (Chinese: 江苏足球俱乐部) was a professional football club that participated in the Chinese Super League (Chinese: 江苏足球俱乐部) was a professional football club that participated in the Chinese Super League May be. At the start of February, the club's name was changed from Jiangsu Suning FC to Jiangsu FC to comply with the Chinese FA's new requirements to erase … Chinese Super League champions Jiangsu FC have "ceased operations", the club said on Sunday, underlining the financial problems coursing through football in the country. Jiangsu will be the second Chinese team to … The decision also impacts Jiangsu FC’s successful women’s team, which won its second Chinese Women’s Super League title in 2019. The logo of Jiangsu Suning Football Club, Nanjing, Jiangsu Province, July 7, 2017. Jiangsu… "Due to various uncontrollable elements, Jiangsu Football Club cannot effectively guarantee to continue to play in the Super League and the AFC (Asian Football Confederation)," club owners Suning stated. "Due to various uncontrollable elements, Jiangsu Football Club cannot effectively guarantee to continue to play in the Super League and the AFC [Asian Football Confederation]," the club's owners, Nanjing-based retailer Suning, said in a statement. Fan poses for pictures outside the stadium of Chinese football club Jiangsu FC in Nanjing - Reuters . Reigning Chinese Super League champions Jiangsu FC have ceased operations just three months after winning their first league title; the club's owners Suning also own Inter Milan; Jiangsu is hoping to find new backers. Gareth Bale to Tottenham - … However, not a single Super League match sold out in the 2019 season, with stadium capacity averaging at 51% full. Jiangsu Suning's home form is good with the following results : 4 wins, 5 draws, and 1 losses. Founded 1994 Address Guang Zhou Road 210024 Nanjing Country China PR Phone +86 (25) 8446 4078 Fax +86 (25) 8420 4235 The Chinese giant has also owned Chinese Super League champions Jiangsu Football Club since 2015 and Italian Serie A giants Inter Milan since 2016, as well as investing in China-based football social networking and media apps. A post on Jiangsu's official WeChat account expressed hope of new backers or that a "company of insight" would be willing to consult on the team's future. "On the occasion of the deadline for admission to the 2021 season ... we have no choice but to announce: with immediate effect, Jiangsu Football Club ceases operations of its teams, and at the same time, on a larger scale, we expect people of insight and enterprises from the society to discuss follow-up development matters with us.". /CFP. Last modified on Sun 28 Feb 2021 16.03 EST Chinese football was thrown into disarray on Sunday as the owners of reigning Chinese Super League champions Jiangsu FC announced the club … Jiangsu are not the first top-tier team club to cease operations ... Chinese football is not alone in facing that problem but there is still shock at how quickly the champions’ defence has ended. Jiangsu Football Club (Chinês simplificado: 江苏苏宁) foi um clube de futebol da cidade de Nanquim, Jiangsu na China.. Em 28 de fevereiro de 2021 o Jiangsu Suning anunciou que chegou ao fim o seu time de futebol. "From today, Jiangsu Football Club ceases the operation of its teams." The club won its first title in November thanks to goals from former European football stars Eder and Alex Teixeira. Reuters Nanjing 02 March, 2021 13:28 IST Stunned Jiangsu FC fans are holding out hope that new backers will come to the rescue of the Chinese Super League (CSL) champions after the club was sensationally shut down by owners Suning this week. The kit uses a new Nike v-neck design in Jiangsu’s customary […] The shirt will be worn by well-known players Éder (Italy), Miranda (Brazil) and the rest of Jiangsu FC for their upcoming domestic and AFC Champions League seasons. "The Chinese Football Association appreciates this effort. The squad that clinched the title and a place in this year's Asian Champions League featured Brazilian winger Alex Teixeira, who chose to make a 50 million euro ($60.37m) switch to Jiangsu in 2016 over interest from Premier League side Liverpool. Jiangsu FC — formerly known as Jiangsu Suning — hit the headlines in 2019 after it was reported to have offered Gareth Bale a highly lucrative contract to leave Real Madrid. And their away form is considered excellent, as a result of 6 wins, 3 draws, and 1 losses. “From today, Jiangsu Football Club ceases the operation of its teams.” Suning, which was formally known as Jiangsu Suning before changing names to … Should Jiangsu fail to find new owners soon, their absence could cause further upheaval in the Asian Champions League ahead of the start of the continental competition in April. Fan poses for pictures outside the stadium of Chinese football club Jiangsu FC in Nanjing - Reuters . Jiangsu's squad includes ex-Atletico Madrid title winner Miranda and former Italy forward Eder, while one-time Liverpool target Teixeira is reportedly bound for Arabian football. The owners of Jiangsu FC, the defending Chinese Super League (CSL) champion, announced on Sunday that the club would "cease operations" with immediate effect. CHINESE football has been thrown into crisis after Super League champions Jiangsu FC 'ceased operations'. There have been reports in Italy that Suning, which bought a majority stake in Inter in 2016, is looking to sell the Milan club. “Due to various uncontrollable elements, Jiangsu Football Club cannot effectively guarantee to continue to play in the Super League and the AFC [Asian Football […] The owners of Jiangsu FC, the defending Chinese Super League (CSL) champion, announced on Sunday that the club would “cease operations” with immediate effect. Chinese football was thrown into disarray on Sunday as the owners of reigning Chinese Super League champions Jiangsu FC announced the club would cease operations with immediate effect. A fan poses for pictures outside the stadium of Chinese football club Jiangsu FC on Mar 1, 2021. Businessmen including Alibaba's Jack Ma were encouraged to invest billions in the CSL, while Wang Jianlin's Dalian Wanda Group (DWG) also poured hundreds of millions of dollars into the sport. (Photo: Reuters/Xihao Jiang) 02 Mar 2021 01:10PM (Updated: 02 Mar 2021 03:56PM ) Founded 1994 Address Guang Zhou Road 210024 Nanjing Country China PR Phone +86 (25) 8446 4078 Fax +86 (25) 8420 4235 Club owner Teda has cut investment in the team it has owned since 1998 after the Chinese Football Association ruled this year that all team names must be free from corporate titles. The CFA said it "regrets" Jiangsu FC's suspension of operations, but "respects the decision.". The club … Could the bankruptcy of a club on the east coast of China have the same devastating effect on the world of football as the bankruptcy of a bank in New York? Jiangsu FC -- formerly known as Jiangsu Suning -- hit the headlines in 2019 after it was reported to have offered Gareth Bale a highly lucrative contract to leave Real Madrid. Reported money woes for parent company The announcement stated all of owners Suning Group's football clubs, including the hugely successful Jiangsu Suning Women, would "cease operations from today". 3 Jiangsu FC were crowned Chinese Super League champions in November Credit: AFP or licensors "Jiangsu football has had a glorious history and, since its takeover in 2015, the Suning Group has contributed tremendously to football development in general," the CFA said in a statement on its website, reported Reuters. Interestingly, Jiangsu Suning Group also owns Italian giants Inter Milan. "In the past six months, the club has gone all the way to seek to transfer the club's equity with great sincerity, and did not give up the opportunity of Jiangsu Football Club's inheritance. When Teixeira refused to sign a new contract at the end of last season and with coach Cosmin Olaroiu reported to be unlikely to return to the club, questions started to be asked of Jiangsu's financial future and the knock-on impact on football in China. The Asia Football Confederation did not immediately respond to CNN Sport's request for comment. Welsh winger Gareth Bale was the subject of an audacious bid from the club in 2019, with a contract worth £1million-a-week on the table. Jiangsu Suning players and staff celebrate after their team defeated Guangzhou Evergrande to win the Chinese Super League. Club owner Teda has cut investment in the team it has owned since 1998 after the Chinese Football Association ruled this year that all team names must be free from corporate titles. Retailer Suning.com, also part of the Suning Group, said shareholders plan to sell 20% to 25% of the company to unnamed buyers, which might lead to a change in control as the Suning Group seeks to raise cash. The owners of Jiangsu FC, the current Chinese Super League (CSL) champions, announced the club would "cease operations" with immediate effect. The Nanjing-based retailer, one of China's biggest and which also owns Italian Serie A club Inter Milan, earlier in February said it intended to focus on core businesses, leaving non-retail assets at risk. Club owner looks for buyers Football operations ceased: Chinese titleholders Jiangsu Suning face uncertain future Return after seven years? Chinese football was thrown into disarray on Sunday as the owners of reigning Chinese Super League champions Jiangsu FC announced the club would cease operations with immediate effect. Jiangsu FC: Chinese football in chaos as Super League champions cease operations, Jiangsu FC won the Chinese Super League last November, Suning Group also owns Serie A club Inter Milan, Merson Says: Liverpool exposed by 'blinkered' Klopp, Behind Closed Doors: Football's style shift without fans, Gerrard: Liverpool fans don't want me, they want Klopp, Giggs not part of Wales set-up for March matches, Foster: I wasn't ready at Man Utd, Henderson is, Cavani leaning towards Boca Juniors, says father, Oblak considered as Man Utd look for new goalkeeper, CL, EL quarter-final, semi-final draws - dates and teams, Bottas 'doing a Rosberg' vs Hamilton | 'It's make or break', Gareth Bale has been a target for Jiangsu FC, Alex Teixeira has been a high-profile signing for the Chinese club. CNN Sans ™ & © 2016 Cable News Network. Nanjing, China – Stunned Jiangsu FC fans are holding out hope that new backers will come to the rescue of the Chinese Super League champion after the club … In 2016, China unveiled its blueprint to transform the country into a "soccer powerhouse" able to challenge the world's top teams by 2050. “From today, Jiangsu Football Club ceases the operation of its teams.” Jiangsu FC defeated Guangzhou F.C. Club owner looks for buyers Football operations ceased: Chinese titleholders Jiangsu Suning face uncertain future Return after seven years? Jiangsu Football Club (Chinese: 江苏足球俱乐部) was a professional football club that participated in the Chinese Super League under licence from the Chinese Football Association (CFA). Chinese Super League champions Jiangsu FC - who have the same owners as Inter Milan - have "ceased operations", the club said on Sunday. The club, owned by Jiangsu Suning Group, has struggled on the financial front, the main reason for the halt in operations. Chinese football was thrown into disarray on Sunday as the owners of reigning Chinese Super League champions Jiangsu FC announced the club would cease operations with immediate effect. The owners of Chinese Super League champions Jiangsu FC have announced that the club have ceased operations. The decision also impacts Jiangsu FC's successful women's team, which won its second Chinese Women's Super League title in 2019. Due to the coronavirus pandemic the 2020 CSL season, China's goal of world soccer domination (2016), Construction begins on world's biggest football stadium. Owners Suning said they were closing down the club … The Jiangsu announcement comes days after Chinese FA Cup winners Shandong Luneng had their expulsion from the Asian Champions League confirmed by the Asian Football Confederation due to "overdue payables". Yes. If Jiangsu FC is unable to find a new buyer, that could have implications for the Asian Champions League — the continent’s most prestigious club tournament — which starts in April. Gareth Bale to Tottenham - … "In the past six months the club has been looking around to seek a takeover." Play for free, entries by 6:00pm. Also folding are Jiangsu's successful women's team and various youth teams. Do not miss your chance to land the £250,000 in Tuesday's Super 6 round. Reuters Nanjing 02 March, 2021 13:28 IST Stunned Jiangsu FC fans are holding out hope that new backers will come to the rescue of the Chinese Super League (CSL) champions after the club was sensationally shut down by owners Suning this week. “From today, Jiangsu Football Club ceases the operation of its teams.” Suning had reportedly tried to sell Jiangsu, which has debts estimated … "From today, Jiangsu Football Club ceases the operation of its teams. (CNN)The owners of Jiangsu FC, the defending Chinese Super League (CSL) champion, announced on Sunday that the club would "cease operations" with immediate effect. Just last month, fellow CSL club Shandong Luneng was barred from competing in the Asian Champions League. Jiangsu Suning players and staff celebrate after their team defeated Guangzhou Evergrande to win the Chinese Super League. While Suning have put Inter up for sale, their other football club Jiangsu FC could be dissolved entirely if someone doesnâ t buy it for one penny … The Tigers' city rival Tianjin Tianhai, once the home of Brazilian striker Alexandre Pato and Italian coach Fabio Cannavaro. Nike Soccer has released the 2021 home jersey of reigning Chinese Super League champions Jiangsu Football Club. A empresa multinacional que dava o sobrenome ao clube tinha anunciado no início de fevereiro de 2021 que estava colocando à venda a equipe, mas não encontrou um comprador. Jiangsu Suning's Alex Teixeira (left) and teammate Eder celebrate winning the Chinese Super League final against Guangzhou Evergrande in November, 2020. Inter did not immediately respond to CNN's request for comment as to whether Suning's new football strategy had any implications for the Serie A club. The team was based in Nanjing, Jiangsu, and their home stadium was the Nanjing Olympic Sports Centre which has a seating capacity of 61,443.

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