Tianjin Tianhai defunct

remove_image
This is a time in world football where the finances of football clubs are under the microscope and in Tianjin Tianhai we saw the first high profile club to go bust amid Covid-19. Although the lack of football in the last few months as paid its part this is a situation that as been inevitable. 

The end for a club that had World Cup winners 

A club who once had a World Cup winner in Fabio Cannavaro as manager along with players such as Alexandre Pato, Axel Witsel and Luís Fabiano going to the wall is big news. It as of course not happened overnight and is down to a series of bad decisions by the owners. 

The reason for the club based in Inner Mongolia troubles dates back to the imprisonment of their former owner Shu Yuhui. This happened when in January 2019 he was charged on suspicion of false marketing and running pyramid sales scams.

The club then saw a great downfall as in 2018 they reached the Asian Champions League Quarterfinal and then in the 2019 CSL they finished third bottom just four points off the drop. Incidentally the side below them Shenzhen will replace them when the season resumes. 

With this news of the club ceasing operations they said in a statement “Given an unsustainable financial situation, the club is no longer able to maintain normal operations. After a period of thoughtful consideration … the club has no choice but to formally announce Tianjin Tianhai is disbanding.”

The statement went on to thanks the fans for their support along with players, coaches and staff who have supported the club. 

Post a comment

0 Comments