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Football’s $9.4b disaster: Chinese champions fold in mess that may ensnare Inter Milan – Fox Sports

Football’s $9.4b disaster: Chinese champions fold in mess that may ensnare Inter Milan

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Chinese Super League champions Jiangsu FC have ceased operations, the club said on Sunday, underlining the financial problems coursing through football in the country.
Jiangsu, who won the domestic title for the first time just three months ago, are owned by the conglomerate Suning — which also owns Italian giants Inter Milan.
Chinese media said that Jiangsu have not officially dissolved and could yet have a lifeline if new investors are found soon.
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