Economic woes taking toll on Chinese clubs
Print Edition
Economic woes are taking a toll on China鈥檚 professional clubs, with 11 being disqualified for failing to pay wages and five closing shop on their own, including last season鈥檚 Chinese Super League side Tianjin Tianhai.
Low attendance and gaudy contracts for overseas signings were already weighing heavily on the industry, even before the coronavirus outbreak forced it into total shutdown. Of the suspended clubs four are from the second division and seven from the third division. The five others have been struggling with financial woes and decided to disband on their own. Tianjin Tianhai withdrew on May 12 amid heavy debts, only three seasons after former World Cup winner Fabio Cannavaro guided it into the AFC Champions League. Xinhua News Agency quoted Chinese Football Association head Chen Xuyuan as saying 鈥渃lubs can barely achieve sustainable development. The owners have invested a lot but earn little back.鈥 In an announcement on Saturday, the CFA said that it hoped clubs could 鈥減ay attention to long-term planning and rational management鈥 and protect the interests of players, coaches and staff. The CSL will continue to comprise 16 teams, with formerly relegated Shenzhen FC promoted to take Tiajin鈥檚 place. It still remains unclear when the postponed 2020 season will restart.
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