Immediately after being promoted in 2022, Wuhan Three Towns Club received strong investment from investors and won the Super League in its first season.
Wuhan Three Towns Club is at risk of dissolution.
However, the prolonged economic crisis caused difficulties for the owners and the team could no longer maintain its strength.
In the latest announcement, the owner of Wuhan Three Towns confirmed that he will settle all debts for the club before September 1.
Along with that message, they announced that they will not invest further in Wuhan Three Towns.
In addition, the owner of the reigning Super League champion also publicly offered to sell this team for 0 VND.
They are willing to transfer all club shares to any investor who can demonstrate financial capacity and commit to investing in developing the team.
This is seen as the last move they can make for their team before leaving.
Wuhan Three Towns is currently ranked 6th in the 2023 Super League standings, 14 points behind leaders Shanghai Port.
However, they still represent China in the 2023-2024 AFC Champions League (Asian Cup C1) and are in the group with Hanoi FC.
After a period of brilliant development thanks to heavy investment from large corporations, many Chinese football teams are now in dire straits due to debt.
There are even football teams that have to disband because they don't have enough money to pay salaries to staff, coaches, players...
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