Chinese football imposes salary cap in new spending crackdown | Bangkok Post: news - News Summed Up

Chinese football imposes salary cap in new spending crackdown | Bangkok Post: news


SHANGHAI - Chinese football on Thursday imposed a salary cap of 10 million yuan ($1.45 million) a year for domestic players and vowed to kick teams out for so-called "yin-yang contracts". Shanghai SIPG's expensive Brazilian midfielder Oscar (centre)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. 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. Among a raft of other 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". Li added: "If there's only investment but no clear idea of what the long-term returns are, Chinese football is not sustainable.


Source: Bangkok Post December 20, 2018 07:41 UTC



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