If everything goes as expected, the new Chinese Super League season will kick off on June 3rd. However, before the tournament even kicks off, Chongqing Liangjiang Athletic is at risk of suspending its operations and withdrawing from the Super League due to a debt issue that may not be resolved.
Media personality Li Xuan reveals the backstory: he continues to follow the situation at Chongqing Liangjiang Athletic, and unfortunately, the club seems to be sliding towards the brink of bankruptcy and liquidation, even though there has been no official statement yet. Even though the players have given up some of their unpaid wages, they have yet to see any timely intervention from the Chongqing Municipal Sports Bureau and the municipal government.
Some have questioned why the government has to bear the consequences when companies invest in clubs and then opt out. The reason is that the Chongqing Municipal Sports Bureau had previously provided detailed guidelines on the team's operations and equity reform. We have referred to this document in our reports.
Below is a text version of the document, with the letterhead and official seal provided by the Chongqing Municipal Sports Bureau, which was key to the players' last-minute quest for assistance from the Bureau and the municipal government.
It is clear that the Imago group can no longer afford to continue to support the team's operations. The players have persevered until now, in large part because of the promises made by the Sports Authority. It is indeed incomprehensible to watch this state of affairs now.
