JINAN, Dec. 20 -- The Chinese Football Association (CFA) on Thursday announced a set of financial restraints to be imposed on clubs in the Chinese Super League (CSL) and lower professional leagues from 2019.
The measures come as transfer fees and salaries have skyrocketed in China in recent years, with the CFA aiming to curb overspending to promote a more sustainable development agenda. The regulations will apply to the CSL, China League One, and China League Two.
Under the new regulations, domestic players' salaries will be capped at 10 million RMB (about 1.45 million U.S. dollars) per annum, minus game bonuses. Players called up for the China national team for the 2019 Asian Cup or the qualifiers for the 2022 FIFA World Cup will be eligible for a 20 percent increase over the salary cap.
The plan will also reduce the salaries-to-expenses ratio of a CSL club to 65 percent in the 2019 season, 60 percent in 2020 and 55 percent in 2021. Salaries include expenses paid to all players in the first team and reserve team squads.
The salary cap will only apply to domestic players who signed a new contract recorded by the CFA from January 1, 2019. Those players will sign new contracts under the salary cap when their existing contracts expire, according to He Xi, director of the CFA's club licensing department.
The new rules will set limits on the amount of financial expense and deficit for each professional club over the coming three years. The total permitted expense for a top-flight club amounts to around 174 million U.S. dollars in 2019, and will decrease year by year to 130.5 million U.S. dollars in 2021. In the 2019 CSL season, the deficit cap will be set at 46.4 million U.S. dollars. Expenses related to youth development will be excluded from the club's total amount.
【体坛英语资讯:CFA issues further details on 2019 salary cap】相关文章:
★ 体坛资讯:Iran tops group of death, beating China 77-68
★ 体坛英语资讯:Adriano may sit out Sundays game
★ 体坛资讯:Bucks draft Yi Jianlian of China
★ 体坛英语资讯:Nadal through, Sharapova survives
★ 娱乐英语资讯:Rapper Kanye West wins 2 prizes at BET Awards
★ 体坛英语资讯:Chinese paddlers start as favorites at mens World Cup
★ 体坛资讯:Yao defends himself following unfair newspaper attack
★ 娱乐英语资讯:Smoking doubles stroke risk in younger women
★ 体坛英语资讯:Beckham says hes fit for England selection
★ 体坛英语资讯:Sprinter Gay, swimmer Hoff win top US honours
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15