Fan poses for pictures outside the stadium of Chinese football club Jiangsu FC in Nanjing - Reuters . Interestingly, Jiangsu Suning Group also owns Italian giants Inter Milan. 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. "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. 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. 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. Gareth Bale to Tottenham - … 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. 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. 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. 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. 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. 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. In 2016, China unveiled its blueprint to transform the country into a "soccer powerhouse" able to challenge the world's top teams by 2050. 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. "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.". in November to claim its first CSL title. 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. CHINESE football has been thrown into crisis after Super League champions Jiangsu FC 'ceased operations'. 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. There have been reports in Italy that Suning, which bought a majority stake in Inter in 2016, is looking to sell the Milan club. The club … 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. 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. 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. The owners of Jiangsu FC, the defending Chinese Super League (CSL) champion, announced on Sunday that the club would "cease operations" with immediate effect. Suning had reportedly tried to sell Jiangsu, which has debts estimated to be around $US90 million ($117m). The club, owned by Jiangsu Suning Group, has struggled on the financial front, the main reason for the halt in operations. 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". /CFP. 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. 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 owners of Jiangsu FC, the defending Chinese Super League (CSL) champion, announced on Sunday that the club would “cease operations” with immediate effect. 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 … 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 … A fan poses for pictures outside the stadium of Chinese football club Jiangsu FC on Mar 1, 2021. 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. 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. 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. (Photo: Reuters/Xihao Jiang) 02 Mar 2021 01:10PM (Updated: 02 Mar 2021 03:56PM ) Reported money woes for parent company "In the past six months the club has been looking around to seek a takeover." 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. Club owner looks for buyers Football operations ceased: Chinese titleholders Jiangsu Suning face uncertain future Return after seven years? Gareth Bale to Tottenham - … 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 […] Also folding are Jiangsu's successful women's team and various youth teams. 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. 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. The Tigers' city rival Tianjin Tianhai, once the home of Brazilian striker Alexandre Pato and Italian coach Fabio Cannavaro. Jiangsu Suning has scored a total of 30 goals this season in Chinese Super League. The Asia Football Confederation did not immediately respond to CNN Sport's request for comment. 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. 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. 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? 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. 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 … "From today, Jiangsu Football Club ceases the operation of its teams. 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. Chinese Super League champions Jiangsu FC have "ceased operations", the club said on Sunday, underlining the financial problems coursing through football in the country. 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 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 The owners of Chinese Super League champions Jiangsu FC have announced that the club have ceased operations. "The Chinese Football Association appreciates this effort. In an unprecedented move, Jiangsu FC, the reigning Chinese Super League champions have ceased all operations at the club. (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. 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. "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. The decision also impacts Jiangsu FC’s successful women’s team, which won its second Chinese Women’s Super League title in 2019. Do not miss your chance to land the £250,000 in Tuesday's Super 6 round. Founded 1994 Address Guang Zhou Road 210024 Nanjing Country China PR Phone +86 (25) 8446 4078 Fax +86 (25) 8420 4235 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 … 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. Jiangsu Suning's Alex Teixeira (left) and teammate Eder celebrate winning the Chinese Super League final against Guangzhou Evergrande in November, 2020. “Due to various uncontrollable elements, Jiangsu Football Club cannot effectively guarantee to continue to play in the Super League and the AFC [Asian Football […] May be. 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. Jiangsu… 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 The owners of Jiangsu FC, the current Chinese Super League (CSL) champions, announced the club would "cease operations" with immediate effect. due to its breaching of financial regulations, collapsed and ceased to exist in May of last year. The club won its first title in November thanks to goals from former European football stars Eder and Alex Teixeira. The kit uses a new Nike v-neck design in Jiangsu’s customary […] Club owner looks for buyers Football operations ceased: Chinese titleholders Jiangsu Suning face uncertain future Return after seven years? And their away form is considered excellent, as a result of 6 wins, 3 draws, and 1 losses. The decision also impacts Jiangsu FC's successful women's team, which won its second Chinese Women's Super League title in 2019. Founded 1994 Address Guang Zhou Road 210024 Nanjing Country China PR Phone +86 (25) 8446 4078 Fax +86 (25) 8420 4235 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). “From today, Jiangsu Football Club ceases the operation of its teams.” Suning, which was formally known as Jiangsu Suning before changing names to … "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. Chinese Super League champions Jiangsu FC - who have the same owners as Inter Milan - have "ceased operations", the club said on Sunday. “From today, Jiangsu Football Club ceases the operation of its teams.” Jiangsu FC defeated Guangzhou F.C. Jiangsu Suning players and staff celebrate after their team defeated Guangzhou Evergrande to win the Chinese Super League. 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.

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