Club won their first league championship last seasonJiangsu owned by Suning Group who also own InterChinese
Football was thrown into disarray on Sunday as the owners of reigning Chinese Super League champions Jiangsu FC announced the club would cease operations with immediate effect. A post on Jiangsu‘s official WeChat account expressed hope of new backers or that a “company of insight” would be willing to consult on the team’s future.
The announcement stated all of owners Suning Group’s football clubs, including the hugely successful Jiangsu Suning
Women, would “cease operations from today”. The Nanjing-based retailer, one of China’s biggest and which also owns Italian Serie A club Internazionale, earlier in February said it intended to focus on core businesses, leaving non-retail assets at risk.