Shenhua, one of China's most successful football clubs, has announced the closure of its Shanghai Shenhua team to the Jintan Group.
The decision was made after discussions between the two parties and was approved by the Chinese Football Association (CFA). The move is part of a broader strategy for Shenhua to focus on its domestic league and strengthen its position in the country's top tier.
Shenhua's decision comes as part of a wider trend in China's football industry,Chinese Super League Matches with many clubs looking to streamline their operations and reduce costs. This move is seen as a positive step towards creating a more competitive and sustainable football landscape in China.
Despite the closure of its Shanghai Shenhua team, Shenhua remains committed to investing in the sport and continues to support its players and fans through various initiatives. The club will also look to establish new partnerships and collaborations with other clubs and organizations to continue its growth and development.
Overall, the closure of Shanghai Shenhua to Jintan Group marks a significant milestone in the history of Shenhua and signals a new era of growth and transformation for the club.