Immediately after being promoted in 2022, Wuhan Three Towns Club was strongly invested by investors and won the Super League in the first season.
Wuhan Three Towns Club is in danger of dissolution.
However, the prolonged economic crisis made it difficult for the owners and this team could no longer maintain its strength.
In the latest announcement, the owner of Wuhan Three Towns confirmed that he would settle all debts for the club before September 1.
In addition to that message, they announced they would not invest further in Wuhan Three Towns.
In addition, the owner of the Super League champion also openly sold this team for 0 dong.
They are willing to transfer all shares of the club to investors who can prove their financial ability and commit to pouring money to develop the team.
This is considered the last move they can make for the team under them before leaving.
Currently, Wuhan Three Towns is ranked 6th on the Super League 2023 rankings, 14 points behind the top team Shanghai Port.
However, they still represent China in the 2023-2024 AFC Champions League (Asian Cup) and are in the group with the participation of Hanoi FC.
After a period of brilliant development thanks to strong investments from large corporations. Currently, many Chinese football teams are in trouble because of debt.
There are even teams that have to be dissolved because they do not have enough money to pay salaries for employees, coaches, players, etc.
