BEIJING - Qingdao Football Club has decided to withdraw from China's professional football leagues, the club announced on Wednesday.

A newcomer to the Chinese Super League in 2020, Qingdao had struggled in the past two seasons with a shortage of funds and failed to cash in on several sponsorship deals. It was relegated last season.

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The club informed the Qingdao Football Management Center of the withdrawal on Wednesday and will focus on youth training and campus football in the future.