According to Qingdao Daily, Qingdao's soccer team, which was relegated from the Chinese Super League to the Central League last season, submitted a letter to the Municipal Sports Bureau and the Municipal Football Sports Management Center on the 12th of this month, detailing the background of the team's withdrawal from the Chinese Professional Football League.
In Qingdao Football Club's withdrawal from the Chinese Professional Football League, the team admitted that in the 2020-2021 season, as a new player in the Chinese Super League, they are facing the serious challenge of a broken capital chain, coupled with the legacy of private debt of the previous shareholders, which has left the team with a heavy financial burden. Accounts were blocked, the investor Yellow Sea Group was implicated, the epidemic normalization of the league system and the "neutral name" policy, but also let the team's operation is in trouble, sponsorships have failed, and ultimately led to the 2021 season unfortunately relegated.
Faced with the current operational challenges, the team, after much deliberation, had no choice but to make the difficult decision to withdraw from the professional league.
Looking ahead, the club will shift its focus to the development of youth training and school soccer, for which a special note is made. At the same time, the club would like to extend its heartfelt thanks to all those who have been caring and supporting the team, and hopes that Qingdao soccer will have a more brilliant future.
For the withdrawal of Qingdao soccer team, the relevant person in charge of the Municipal Football Management Center said that although they feel sorry, they will actively cooperate with the Municipal Football Association and the club to deal with the follow-up matters. The club's willingness to continue to devote themselves to the cause of soccer to express full support, will provide assistance at all levels of participation in tournaments, youth training promotion and other aspects.
