Chinese Media Urge Change After Football Champions’ Monetary Collapse

The “stunning” collapse of champions Jiangsu FC is a watershed for Chinese football that must trigger a rethink from leading to bottom, state media said.

Jiangsu, who are owned by the corporation Suning– which also owns Italy’s Inter Milan– said Sunday they will “stop operations”, 3 months after winning the Chinese Super League for the very first time.

The statement underlines the monetary issues surging through the league that might also see rival side Tianjin Tigers fold today.

It likewise highlights the declining fortunes of a league that repeatedly smashed the Asian transfer record simply a couple of years back, attracting a number of foreign stars. Many have actually since left.

” It seems extraordinary and stunning, however it feels like the dust has now settled,” state-run Xinhua news company said following the announcement by Jiangsu, who have actually not yet dissolved and are looking for a financial lifeline.

Xinhua stated that 16 teams throughout 3 tiers of Chinese professional football folded in 2020.

The Super League acquired a reputation for tempting star gamers with large earnings and expensive transfer costs– Shanghai SIPG signed Oscar from Chelsea in 2017 for an Asian-record 60 million euros.

However the Chinese Football Association has actually since generated a raft of procedures to cool costs, consisting of an one hundred percent transfer tax and wage caps.

The CFA stated Monday that it was “sorry to hear” about Jiangsu but respected the club’s choice, and swore to till on with its attempts to make China a leading football power.

Jiangsu won the Chinese Super League in November AFP/ STR

However, times are tough for Chinese clubs, where cash started to dry up even before the coronavirus pandemic.

” The most essential thing at the moment is to … reload and begin once again, instead of being lost in confusion or regret,” said Xinhua.

” To some degree it is a good thing that the bubble has burst earlier (than expected),” it included.

” Chinese professional football has ushered in its first ‘watershed’ after its high-speed, wild development.

” Respect the laws of football, regard the laws of the marketplace, comply with youth training and work for the long term.”

Beijing Youth Daily stated the implosion of Jiangsu, who are based in the eastern city of Nanjing, was an opportunity for renewal.

” Where does Chinese football go from here?” it asked.

” Professionals say that to fix the predicament of Chinese football it should be overthrown and reconstructed.

” Chinese football, the promotion of it and youth training all need to be reassessed.”

The brand-new season, which will probably be shorn of Jiangsu and Tianjin, is expected to start in April but there is no definite date since of uncertainty surrounding the coronavirus.

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