Natural mineral water brand Alps sign three-year partnership with BWF
21 Aug 2019 20:30
The Chinese Football Association (CFA) released an official statement on January 4, 2018, regarding the restriction of transfer fees during the 2018 winter transfer window for the Chinese Super League (CSL) and China League One (CL).
As the CFA previously required, any club in the CSL and CL who buys a foreign player for over RMB 45m or a domestic player whose transfer fee exceeds RMB 20m should pay the same sum of money as the transfer fee spent to the CFA.
In the CFA’s opinion, it is the only solution benefiting the healthy and steady development of the professional football leagues in China and curb the irrational spending on players.
This restriction was put in place in May 2017 along with the U23 policy. In the 2017 season, the CFA explained that the fees charged to clubs in the red would be used for the development of local young players and the promotion of football in China.
Under this restriction, the 2017 summer transfer window of the CSL and CL saw a cooling down period. As transfermarkt.com reported, the total expenditure of the 16 CSL clubs in the 2017 summer transfer window was €55.45m ranking it 12th place on the list.
Below is a photo of the notice taken from the Internet.
Source: Tencent Sports
Proofread by Raymond Fitzpatrick
Related coverage
CSL to reduce number of foreign players
21 Jun 2016
WPP CEO Sir Martin Sorrell: marketing sports would be very important in China
27 Apr 2016
Is school curriculum the solution for Chinese soccer?
28 Nov 2014
Alibaba’s cross-club ownership could affect ACL participation
11 Dec 2015
CSL starts using virtual advertising
14 Sep 2016
More from Yutang Sports
Leading legal minds tackle athlete representation and rules for transgender athletes at LawAccord
16 Feb 2024
Interview with Nicolas Maurer: Becoming Mainstream and at the Forefront of French Esports Industry
04 Oct 2023
Gender equality will be reflected at OBS's coverage of the Paris 2024 Olympic Games
16 Apr 2024
SportAccord 2024 makes a memorable return to Birmingham
13 Apr 2024
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
Yutang Sports
loading...