SHANGHAI – The “shocking” collapse of champions Jiangsu FC is a watershed for Chinese football that should prompt a rethink from top to bottom, state media said.
Jiangsu, who are owned by the conglomerate Suning — which also owns Italy’s Inter Milan — said Sunday they will “cease operations”, just over three months after winning the Chinese Super League.
The announcement underlines the financial problems coursing through the league that could also see rival side Tianjin Tigers fold this week.
It also highlights the declining fortunes of a league that repeatedly smashed the Asian transfer record just a few years ago, attracting a number of foreign stars.
“It seems incredible and shocking, but it feels like the dust has now settled,” state-run Xinhua news…
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