Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
The German website Transfer Markt has released a rankings list of the income and expenditure of global football leagues over the summer, in which the Chinese Super League (CSL) ranked 12th with an accumulated expenditure of €55.45m, just behind the Argentine top-tier league Primera Division and The Eredivisie, the Netherland's premier league.
Reportedly, the CSL clubs spent €55.45m in total and accumulated an income of €46.19m this summer, leading to a deficit of €9.26m. Regarding individual Chinese clubs, Tianjin Quanjian topped all clubs in the CSL with the €35m transfer deal for Anthony Modeste. Tianjin also ranked 42nd among all global clubs in expenditure, surpassing some clubs from the “Big Five” European football leagues such as Atlético de Madrid and Valencia CF. In terms of the income of CSL clubs, Guangzhou Evergrande placed first in the CSL's list, attributed to selling Paulinho to Barcelona for €40m.
What is worth mentioning is that the summer transfer window is not the prime time for CSL clubs to buy players. Generally in the winter transfer window which is open from January to the end of February, their transfer expenditure would be higher than the summer. In the last winter transfer window the 16 CSL clubs invested a total of €396m in the transfer market. However, due to a new foreign player policy released by the Chinese Football Association to curb irrational spending, what the next winter transfer window will be like remains unclear.
Source: Tencent
Proofread by Raymond Fitzpatrick
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
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