Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
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
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Related coverage
Guangzhou Evergrande Taobao Football Club reports financial loss in 2017
02 May 2018
Weekly Report: Basketball games were still popular this week
09 Nov 2017
Personnel Changes at China Fortune FC
15 Nov 2016
New director nominated for anti-corruption
09 Jan 2015
Imagine China sues Osports and submits multimillion Yuan claim
28 Mar 2017
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Yutang Sports
loading...