Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Professional soccer has become the latest target of China’s “explosive shopping sprees.” Chinese club’s spending hit €400 million ($434 million) in the most recent January-February “transfer window”, according to Transmarkt.
Clubs in China’s top football division, the Chinese Super League(CSL), spent €337 million ($366 million) in the recent transfer window, outstripping the world’s other soccer leagues.
The record-beating fees, paid out on player transfers during the two month window that ended at midnight on 26th February, are four times more than China’s previous record and nearly $100 million more than the English Premier League’s €253 million blowout. Indeed, CSL clubs spent more than the other four major European leagues (Italy, Germany, France, and Spain) combined, according to Transmarkt.
Taking the second-tier League One soccer clubs into account, China spent nearly €400 million ($434 million) in this transfer window. Of that, nearly €290 million went to foreign players.
Some of the world’s top soccer players have headed to China amid the gold rush, including former Atletico Madrid striker Jackson Martinez and midfielder Ramires who came from Chelsea. In one €50 million deal, China’s Jiangsu Suning beat Liverpool in the bidding for Brazilian striker Alex Teixeira, making him the most expensive of the winter transfers.
Source: qz.com
Proofread by John Devlin.
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Gou Zhongwen: Focus now firmly on huge player transfer fees
16 Mar 2017
Suning to become lead investor in Dong Qiudi
06 Dec 2016
CMC to set up amateur football company
12 Apr 2016
Parma to sell 60% of its shares to a Chinese investor
26 Jun 2017
Guangzhou Evergrand FC: road to first listed football entity in Asia
02 Jul 2015
More from Yutang Sports
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
Leading legal minds tackle athlete representation and rules for transgender athletes at LawAccord
16 Feb 2024
Ingmar De Vos elected as the next ASOIF President
10 Apr 2024
Yutang Sports
loading...