Football: China Tightens Clampdown Ahead Of Transfer Window
Zeeshan Mehtab Published May 25, 2017 | 10:00 AM
SHANGHAI, , (APP - UrduPoint / Pakistan Point News - 25th May, 2017 ) - The Chinese Football Association has stepped up its fight against spiralling big-money deals for foreign players by announcing prohibitive new curbs, less than a month before the next transfer window opens.
The CFA said loss-making clubs which pay a transfer fee for a new player must invest an equivalent amount in a government-run fund set up to cultivate Chinese youth players and promote football for "the public good".
The CFA also said that starting in the 2018 season, clubs will be required to field an equivalent number of foreign players and under-23 Chinese players in each game. The measures are intended to discourage clubs from the "pursuit of short-term results, blindly one-upping each other, high-priced acquisitions, and actions that drive up prices", the CFA said in a statement released late Wednesday.
The moves follow rocketing deals which reportedly put Ezequiel Lavezzi and Carlos Tevez among the world's best-paid players, and saw Chinese clubs smash the Asian transfer record five times within 12 months.
President Xi Jinping has said he wants to see China host and eventually win a World Cup, a big ask for a national side that consistently punches below its weight in football and is currently ranked 81 in the world.
But the top companies and wealthy entrepreneurs who own Chinese clubs have answered Xi's call by rushing to buy stakes in overseas clubs and to import foreign players in a series of high-profile signings.
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