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Chinese club listed for free due to financial difficulties

Chinese club listed for free due to financial difficulties

Chinese Super League’s Tianjin Tianhai is now open for acquisition with zero fee by any individual or organisation in order to salvage the club from their current financial problems.

The club mentioned it as a “difficult decision” but necessary “to maintain the hard-fought position in the Chinese Super League”. In the 2019 season, Tianjin Tianhai just managed to escape from relegation with just four points more than the bottom group.

After the season finished, Tianjin Tianhai witnessed a huge departing wave from the players as 13 has left the club since then and few names have come in the opposite way.

Tianjin Tianhai is currently owned by the Tianjin Football Association after taking over from Quanjian company, which had to step down owing to the involvement regarding jurisdiction.

It was the heavy spending in the spell of Quanjian company with big signings like former AC Milan player Alexandre Pato that has led to the humungous amount of debt the future owner has to deal with, which was estimated to be $145 million.

It is these kind cases that led to the decision to establish a club financial supervising department from the Chinese Football Association. From this season on, every club must prove their ability to be stable financially so that they can be eligible for any tier in the Chinese football league system.

Previously, many clubs at the China League One and China League Two has been under investigation for allegations regarding salary payment.