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China Regulates Football Spending With Salary Cap

Chinese football managers in a new move to regulate football spending; have concluded plans to introduce from next season new regulations intended to dampen spending by clubs, including a salary cap.

The latest set of rules may help curb what regulators see as irrational investments; and may lead to all domestic professional players signing new contracts starting in 2019, according to sources with the Chinese Football Association.

The size of the salary cap is yet to be decided; and the article made no reference to salaries of foreign professional, some of who earn mega salaries.

According to Xinhua news agency, cash bonuses will not be allowed and there will be a cap on win bonuses.

In the last few years, Chinese football has received a lot of attention; as a result of some well known foreign stars who moved there on eye-watering contracts to ply their trade.

Football stars like Brazilian attacking midfielder, Oscar moved in January 2017 to Chinese Super League club Shanghai SIPG for record 60 million euros.

Argentine striker Carlos Tevez was also lured to the same league on a reported 730,000 euros a week salary.

The Chinese football authorities last year brought in new transfer rules requiring clubs paying in excess of 45 million yuan ($6.5 million) for a foreign professional, to also pay an equivalent of this amount into a fund for the development of Chinese players. The salary and bonus cap is the latest of these regulations intended to rein in spending.

Shanghai SIPG for the first time ever this month won the Chinese Super League; with Oscar and another Brazilian, the forward Hulk, contributing immensely.

However, the Chinese national side has failed to improve despite the influx of foreign professional; and big money spending by clubs. The national side is ranked 75th in the world and was recently held to a 1-1 draw at home by Palestine.

 

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