Shenzhen Dragons, the Chinese Premier League (CPL) team that finished second in the league standings last season, has announced that they will not be participating in the upcoming season due to financial difficulties.
The team's decision comes after it was revealed that they had been facing significant financial challenges throughout the previous season, with losses totaling over RMB 25 million (approximately US$3.6 million). This financial strain led to the club being placed in the bottom half of the league table, where it currently sits.
Despite this setback, Shenzhen Dragons remains determined to continue competing for promotion next season. The team has already made some positive changes to its squad and is now looking forward to the new campaign.
However, the fact that the team is unable to participate in the upcoming season indicates that there may be other reasons behind the club's decision. Some fans may have expressed concern about the club's financial situation and wondered if they could still support their favorite team.
In any case, it remains to be seen how the club will fare in the new season. However, one thing is clear: Shenzhen Dragons will need to find a way to turn things around quickly if they want to avoid relegation and return to the top tier of the league.