SHANGHAI (AFP) - Chinese football on Thursday (Dec 20) imposed a salary cap of 10 million yuan (S$1.98 million) a year for domestic players and vowed to kick teams out for so-called "yin-yang contracts".
The swingeing measures are part of a ramped-up effort by the Chinese Football Association (CFA) to clamp down on big spending and get teams to toe a tougher financial line.
There will also be a limit on bonuses and other financial inducements for domestic players, according to state sports channel CCTV5 and other reports on an end-of-season CFA conference in Shanghai.
Foreign players are not affected by the salary cap, which will be in place for the new Chinese Super League (CSL) season when it starts in the spring.
However, each club's annual expenditure cannot exceed 1.2 billion yuan in 2019, which will decline to 900 million in 2021.
Two years ago, Brazilian attacking midfielder Oscar joined CSL side Shanghai SIPG from Chelsea for an Asian-record 60 million euros (S$94 million) and Argentine forward Carlos Tevez signed for rivals Shanghai Shenhua, both earning some of the highest wages in world football.
Their high-profile arrivals, along with dozens of other foreign stars such as Brazilians Hulk and Paulinho, triggered fears that Chinese clubs were distorting the international transfer market with overinflated wages and fees.
But the CFA has since moved to stop the splurge and force teams to focus on youth development instead, and there is unlikely to be serious money spent when the winter transfer window opens on Jan 1.
The CFA last year slapped a 100 per cent transfer tax on the purchase of overseas players, which significantly reined in Chinese clubs, and the organisation limited the number of foreigners each team can field to three a match.
Among a raft of other new measures, teams must submit contracts for their players and coaches by the end of the year as part of a crackdown on "yin-yang contracts".
Such contracts - one for the tax man and another with the real value of the agreement - are thought to be widespread in football and show business in China.
If the CFA uncovers any tax-avoidance schemes, the offending player or coach face a ban of between one and three years. Their clubs can be deducted points or even kicked out the league.
"The association will draw on the experience of advanced overseas leagues to design comprehensive measures to control high wages, high bonuses, high transfer fees and other issues," Li Yuyi, CFA vice chairman, said earlier this week, according to Xinhua news agency.
Li added: "If there's only investment but no clear idea of what the long-term returns are, Chinese football is not sustainable.
"Companies (that own teams) need to understand why invest, what are the rewards and what it contributes to society."
Southampton stun fading Spurs, Newcastle edge five-goal
Chelsea striker Olivier Giroud has warned Maurizio Sarri he must be given a more important role next season if the Blues boss wants him to stay at Stamford Bridge.
Where Next for José Mourinho as Real Madrid Have an Itch to Scratch? London - John Duerden, Paul Wilson, Adam White, Andy Brassell, Artur Petrosyan and Sid Lowe "Sports"
Where next for José Mourinho as Real Madrid have an itch to
Italian World Cup-winning captain Fabio Cannavaro was named coach of China, spearheading the country's attempts to become a force at last. Italian legend Cannavaro named new coach of China | Sport24
Italian legend Cannavaro named new coach of China
Warnock says Sala tragedy is most difficult week of his career. 0:00. I've been in football management for 40 years and it's been by far the most difficult week in my career, by an absolute
Emiliano Sala: Neil Warnock says he considered Cardiff future
Soccer Football - Premier League - Chelsea v Tottenham Hotspur - Stamford Bridge, London, Britain - February 27, 2019 Chelsea's David Luiz in action with Tottenham's Harry Kane REUTERS/Peter Nichol
Arrizabalaga dropped as Chelsea beat Tottenham 2-0
Tough summer for EPL chasing pack LONDON • Liverpool's attempt to dethrone Manchester City as Premier League champions ended in glorious failure on Sunday, but at least Jurgen Klopp's team proved it was possible to take the title race to the wire.
Soccer-City and Liverpool leave chasing pack facing tough summer
Liverpool defender Virgil van Dijk opens up on facing Lionel Messi in UCL semi final . 'Cannot Stop Messi Alone,' Admits Van Dijk. PTI Updated: 19.04.19. Football 2 min read.
I cannot stop Messi alone, admits Virgil Van Dijk- The New
Jan 28, 2019 · Paris St Germain coach Thomas Tuchel admits it will be "very difficult" for Neymar to be able to face Manchester United in their Champions League tie because of a foot problem. The Ligue 1 leaders
Football: Milan draw another blank in Frosinone stalemate as pressure piles on Gattuso. We knew it would be difficult and we could easily have lost it," said Gattuso, whose side have not
Milan draw another blank in Frosinone stalemate
Manchester City will return to China this year for the first time since their ill-fated visit of 2016, when a game with cross-town rivals United was called off at the last minute. The first overseas Manchester derby was cancelled just hours before kick-off because of an unplayable surface at Beijing's "Bird's Nest" stadium following heavy rain.
May 05, 2019 · Chelsea put a distracted first half behind them to climb into third place in the Premier League with a 3-0 win over Watford at Stamford Bridge Chelsea move into third place with victory over
Chelsea secures top-4 spot after beating Watford 3-0 in EPL
FAS technical director hopeful Sigurdur Ragnar Eyjolfsson
0 comments:
Post a Comment