Jan 24, 2024 03:42 AM

BUSINESS

Chinese Developer Kaisa Group’s Soccer Club Disbands from Debt

By Chen Bo and Denise Jia

00:00

00:00/00:00

Listen to this article 1x

What’s new: A soccer club owned by defaulted Chinese developer Kaisa Group Holdings Ltd. has been disbanded after failing to secure a license from the Chinese Football Association for the new season because of debt.

Shenzhen Football Club, which won the first Chinese Super League in 2004, announced Monday that serious historical debts had become unsustainable and forced its closure.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Exclusive: China to Create Department to Tackle Trillions in Local Government Debt

2: Tianan Property Insurance Defaults on $730 Million Bond in First for China’s Insurance Sector

3: China Revises Maritime Law, Paving Way for Retaliation Against U.S. Fee Hikes

4: Exclusive: Alleged Chinese Mastermind Behind Massive Bitcoin Money Laundering Stands Trial in U.K.

5: Beijing Warns S&P Global’s China Unit Amid Push to Curb Inflated Credit Ratings

SPONSORED

OR