The Chinese Tianjin Tianhai Football Club announced that it has fully declared bankruptcy and suspended its activities, as a result of the accumulated financial crises on the club since a large period, and precisely since the arrest of its former owner Xu Bunoy and sentenced to imprisonment after that, thus the Shenzhen Club to the excellent degree as a substitute for him.
Tianjin, founded in Mongolia in the name of Hohhot Binhai in 2006, and previously contracted with Italian Fabio Cannavaro to train the team, also played by Brazilian striker Alexandre Pato and the Belgian Axel Vestel, but he has suffered from his inability to bear his costs since the arrest of his former owner Xu Bunwei and sentenced to prison after that, as the Chinese league team finished second from the bottom last year.
The newspaper "The Guardian" said that the Shenzhen team, which fell to the second degree, after finishing last season in last place, will return to the Premier League to participate instead of Tinhai in the 2020 season, which was postponed due to the repercussions of the spread of the new Corona virus.
The newspaper quoted a statement from the club in which it said: "In view of the financial situation that cannot be tolerated, the club is no longer able to do its normal things, after a period of thoughtful thought ... We have no choice but to dismantle the club."
History of the Tianjin Tianhai Chinese Club in brief
2016: Second Division Champions
2017: Third in the league, qualifying for the AFC Champions League for the first time
2018: Ninth in the league, reaching the AFC Champions League quarter-finals
2019: Fourteenth in the
2020 league : bankruptcy of the club in the official