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COLLAPSE: One more Chinese club commits bankruptcy

COLLAPSE: One more Chinese club commits bankruptcy

Shenzhen Pengcheng officials confirmed that they would withdraw from the 2020 China League Two season.

Instead of going on fighting for the chance to get the promotion to play in higher leagues, Chinese bosses of lower-league teams seem to prefer withdrawing from football activities.

Recently, Shenzhen Pengcheng officials released an announcement, confirming that they would withdraw from the 2020 China League Two season even though the club was just founded 4 years ago.

Initially, Shenzhen Pengcheng aims to get consecutive promotions to play in the Chinese Super League as soon as possible, however, they could not do as they expected before.

In 2 years, they were still sinking in the China League Two in which they stood at 17th position last season.

Before Shenzhen Pengcheng, another Chinese club namely Shanghai Shenxin released an announcement, confirming that they would withdraw from the Chinese League Two this season.

Last year, Shanghai Shenxin FC just stood at the 16th position in the China League One, which made them get relegated. Disappointing about the result, officials decided to dissolve all the activities.

In the past, Shanghai Shenxin FC used to play in the Chinese Super League from 2010 to 2015. However, after being relegated to the China League One 5 years ago, they found it unable to rise again, then continue getting relegation in 2019.