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China s football association will introduce salary caps for top players from January 1, in a move that could dampen the country s allure for foreign talent.
Chinese nationals playing in the top-tier Chinese Super League will have their annual salaries capped at five million yuan ($764,000) before tax, while foreigners can be paid a maximum of three million euros ($3.65 million), the CFA said in a statement Monday.
It said the move was aimed at curbing money football and an investment bubble.
Salary caps will also be for China League One and China League Two players.
The caps are the latest effort in recent years to rein in spending among Chinese clubs after a series of well-known foreign stars moved to the country on eye-watering contracts.
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This file photo taken on March 4, 2017 shows Alexandre Pato (C) of Tianjin Quanjian fighting for the ball during the Chinese Super League match against Guangzhou R&F in Guangzhou, in southern China’s Guangdong province. STR / AFP
China’s football association will introduce salary caps for top players from January 1, in a move that could dampen the country’s allure for foreign talent.
Chinese nationals playing in the top-tier Chinese Super League will have their annual salaries capped at five million yuan ($764,000) before tax, while foreigners can be paid a maximum of three million euros ($3.65 million), the CFA said in a statement Monday.
Chinese professional football leagues to implement strictest ever salary cap next season en.people.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.people.cn Daily Mail and Mail on Sunday newspapers.
Source: Xinhua|
Editor: huaxia
Xinhua Sportswriters Xiao Shiyao, Gong Bing, Wu Xia
SHANGHAI, Dec. 14 (Xinhua) The strictest ever expenditure and salary cap will be implemented in all levels of professional leagues next season, the Chinese Football Association (CFA) revealed here on Monday.
In China s top flight, the Chinese Super League (CSL), the pre-tax annual income of an overseas player should be no more than three million euros (about 3.63 million US dollars), while the maximum salary for a domestic player is five million yuan (about 765,000 US dollars) per year before tax. The policy aims to curb the investment bubbles in our leagues and promote the healthy and sustainable development of professional football, the CFA document read.