Reigning Chinese Super League champion Jiangsu FC 'ceases operations'
CNN
The owners of Jiangsu FC, the defending Chinese Super League (CSL) champion, announced on Sunday that the club would "cease operations" with immediate effect.
Jiangsu FC -- formerly known as Jiangsu Suning -- hit the headlines in 2019 after it was reported to have offered Gareth Bale a highly lucrative contract to leave Real Madrid. "Due to various uncontrollable elements, Jiangsu Football Club cannot effectively guarantee to continue to play in the Super League and the AFC [Asian Football Confederation]," the club's owners, Nanjing-based retailer Suning, said in a statement.
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