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Financial Crisis Forces Disbanding of Top Chinese Soccer Club
Guangzhou FC, an eight-time Chinese Super League champion, disbanded on Monday due to unpayable debts, failing a financial review by the Chinese Football Association; this follows the collapse of its parent company and widespread financial instability within the Chinese soccer league system.
Financial Crisis Forces Disbanding of Top Chinese Soccer Club
Guangzhou FC, an eight-time Chinese Super League champion, disbanded on Monday due to unpayable debts, failing a financial review by the Chinese Football Association; this follows the collapse of its parent company and widespread financial instability within the Chinese soccer league system.
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