Korean media disclosure:
The Chinese soccer world is making waves again with the sad demise of a Chinese Super League team.
Chongqing Liangjiang Athletic Club in the Chinese Super League officially announced its dissolution on the 24th, the team established since 1995, after nearly 30 years of wind and rain, finally drew a period in the long river of history.
Behind the dissolution is heavy financial pressure. According to local media reports, Chongqing made the decision to dissolve because it could not overcome its ongoing financial woes. The club's financial problems were so severe that it could not even guarantee the salaries of its staff and players.
Chongqing is no stranger to Korean fans. The current head coach is South Korean Zhang Waerong, while Lee Jang-soo was at the helm between 1998 and 2001, and Jung Woo-young also played for this team.
At present, the Chinese Super League is facing an unprecedented deep crisis. In the past, many companies have focused on soccer and invested generously, but now, hit by the double blow of the real estate bubble and the new crown epidemic, these companies that own soccer teams are in trouble.
With funding cuts from parent companies, more and more teams are unable to even pay their players' salaries on time, leading to a decline in the overall standard of our league. Chinese Super League (CSL) teams have had a disappointing run in the AFC Champions League (ACL), with all teams failing to break through to the group stage.
In particular, the dissolution of last year's defending champions, Jiangsu Suning, pushed the crisis over the top.
