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."
Jurgen Klopp insists Liverpool's record-breaking season is just the "first step" for his team after they were pipped to the Premier League title by Manchester City. Liverpool beat Wolves 2-0 at
Just the first step: Klopp, Football News & Top Stories - The
Lions line up 2 friendlies, to get new coach Yoshida soon The Straits Times understands that the Football Association of Singapore will unveil Tatsuma Yoshida as the new national coach this week
Lions line up 2 friendlies, to get new coach Yoshida soon
worldsportstale.com/soccer/lions-line-up-2-friendlies-to-get-new-coach-yoshida-soon/
Lions line up 2 friendlies, to get new coach Yoshida soon 05/28/2019 Comments Off on Lions line up 2 friendlies, to get new coach Yoshida soon After a seven-month wait, the Lions will play at the National Stadium again, and also welcome a new ringmaster.
Lions line up 2 friendlies, to get new coach Yoshida soon
virginiabus.info/sports/lions-line-up-2-friendlies-to-get-new-coach-yoshida-soon/
After a seven-month wait, the Lions will play at the National Stadium again, and also welcome a new ringmaster. The Straits Times understands that the Football Association of Singapore (FAS) will unveil Tatsuma Yoshida as the new national coach this week, after announcing yesterday two international friendlies against Solomon Islands on June 8 and Myanmar […]
Lions line up 2 friendlies, to get new coach Yoshida soon
'Electric' Sterling has boss purring, Football News & Top
Napoli goalkeeper David Ospina out of hospital after head injury scare Description: Ospina played for six years with French club Nice before joining Arsenal in 2014. He arrived at Napoli last August on a one-year loan with an option to buy.
Napoli 'keeper Ospina out of hospital after head injury scare
Ikhsan Fandi scored a winning overhead kick in the last minute of play to secure a 3-2 win for his team, Raufoss IL, on Sunday night, May 12, in Oslo, Norway. Five Raufoss IL players crammed into
Ikhsan Fandi - Player Profile 2019 | Transfermarkt
BHUBANESWAR: Controversy seems to be synonymous with BJD's Pipili MLA candidate and former minister Pradeep Maharathy, who was arrested on Monday for allegedly assaulting a team of election
'French Open sucks compared to Wimbledon': Kyrgios courts
Defending champions Australia suffered a shock upset in their AFC Asian Cup 2019 opener at the hands of Jordan in Group B as the Arab nation recorded a narrow 1-0 victory at the Hazza Bin Zayed
Hard to keep Hazard: Sarri LONDON • Chelsea manager Maurizio Sarri has accepted it will be hard to deny Eden Hazard a move to Real Madrid this summer, even if a reported £100 million (S$176.7 million) move is "too cheap" for the Belgium captain.
Hard to keep hold of Hazard, admits Sarri | The Daily Star
DPMM FC head coach Adrian Pennock heaped praise to his charges after his side held Albirex Niigata (S) to a goalless draw in the AIA Singapore Premier League at the Jurong East Stadium in Singapore on Friday. "I can't praise (the players) enough. We know it was going to be difficult. They haven't lost here since 2015.
Singapore Premier League Team of The Week 5: Irfan, Shahril
A version of this article appeared in the print edition of The Straits Times on January 23, 2019, with the headline 'Ronaldo fined, not jailed for tax fraud'. Print Edition | Subscribe.
Juventus' Cristiano Ronaldo fined for tax fraud, avoids jail term
Jose Mourinho says his struggles at Manchester United were down to the "players, organisation and ambition" of the club as he denied suggestions Paul Pogba was to blame for his sacking.
At Manchester United, Jose Mourinho Could No Longer Hide
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