SHANGHAI (AFP) - Chinese football on Thursday (Dec 20) imposed a salary cap of 10 million yuan (S$1.98 million) a year for domestic players and vowed to kick teams out for so-called "yin-yang contracts".
The swingeing measures are part of a ramped-up effort by the Chinese Football Association (CFA) to clamp down on big spending and get teams to toe a tougher financial line.
There will also be a limit on bonuses and other financial inducements for domestic players, according to state sports channel CCTV5 and other reports on an end-of-season CFA conference in Shanghai.
Foreign players are not affected by the salary cap, which will be in place for the new Chinese Super League (CSL) season when it starts in the spring.
However, each club's annual expenditure cannot exceed 1.2 billion yuan in 2019, which will decline to 900 million in 2021.
Two years ago, Brazilian attacking midfielder Oscar joined CSL side Shanghai SIPG from Chelsea for an Asian-record 60 million euros (S$94 million) and Argentine forward Carlos Tevez signed for rivals Shanghai Shenhua, both earning some of the highest wages in world football.
Their high-profile arrivals, along with dozens of other foreign stars such as Brazilians Hulk and Paulinho, triggered fears that Chinese clubs were distorting the international transfer market with overinflated wages and fees.
But the CFA has since moved to stop the splurge and force teams to focus on youth development instead, and there is unlikely to be serious money spent when the winter transfer window opens on Jan 1.
The CFA last year slapped a 100 per cent transfer tax on the purchase of overseas players, which significantly reined in Chinese clubs, and the organisation limited the number of foreigners each team can field to three a match.
Among a raft of other new measures, teams must submit contracts for their players and coaches by the end of the year as part of a crackdown on "yin-yang contracts".
Such contracts - one for the tax man and another with the real value of the agreement - are thought to be widespread in football and show business in China.
If the CFA uncovers any tax-avoidance schemes, the offending player or coach face a ban of between one and three years. Their clubs can be deducted points or even kicked out the league.
"The association will draw on the experience of advanced overseas leagues to design comprehensive measures to control high wages, high bonuses, high transfer fees and other issues," Li Yuyi, CFA vice chairman, said earlier this week, according to Xinhua news agency.
Li added: "If there's only investment but no clear idea of what the long-term returns are, Chinese football is not sustainable.
"Companies (that own teams) need to understand why invest, what are the rewards and what it contributes to society."
Iqbal Hussain proved his coach wrong when his goal helped salvage a well-deserved 1-1 draw with title favourites Tampines Rovers at the Hougang Stadium.
Women's World Cup 2019 preview: What to know when USA takes
sportslifetale.com/soccer/womens-world-cup-2019-preview-what-to-know-when-usa-takes-on-thailand/
The wait is over. The U.S. women's national team will take the field Tuesday to compete in the 2019 FIFA Women's World Cup with its first match against Thailand in Group F. Thailand, ranked 34th in the world by FIFA, is relatively new to the World Cup stage as it first made the tournament in […]
Draw news | Serendeputy: Newsfeed Engine for the open web
Europa League hat-trick hero Giroud hoping for EPL chance LONDON • Olivier Giroud has not given up hope of regaining a place in Chelsea's Premier League team, with his prolific form in European competition as he seeks to extend his stay for a further year.
Olivier Giroud wants Premier League spot at Chelsea after
Millwall struck in the final seconds of injury time to shock Everton in the FA Cup fourth round while AFC Wimbledon beat West Ham. Everton twice led at The Den, but were left to rue the lack of
AFC Wimbledon 4 West Ham 2: FA Cup match report
But with nine changes to the side that beat Newcastle United in midweek, United's fourth straight Premier League win since Solskjaer replaced sacked Jose Mourinho, it was an unconvincing display
Solskjaer unimpressed as United ease past Reading in Cup
AFC. The AFC was not part of the World Cup 2018 draw in any way, shape, or form. They did their own thing and have already progressed to the 2nd round of qualification. Those matches began back in June. To get you up to speed, here are a couple screenshots of current standings, projections and evolution of odds.
A version of this article appeared in the print edition of The Straits Times on January 07, 2019, with the headline 'Hazard leads tributes for departing Fabregas'. Print Edition | Subscribe.
Chelsea attacker Hazard pays tribute to departing Fabregas
Edinson Cavani missed a stoppage-time penalty as Paris St Germain continued their stuttering end to the season with a 1-1 Ligue 1 draw at home to Nice, with Neymar notching his 50th goal for the club.
Football: Neymar hits half-century as PSG are held by Nice
Clinical Wood set to exploit Arsenal's Europe hangover. the Hornets remain in a precarious position for defensive statistics. Can't see a lot better than that.
Secret Room Exploit explained. (Guaranteed Exotic
VALENCIA (REUTERS) - Valencia eased into the Europa League semi-finals for the first time in five years with a comfortable 2-0 win at home to fellow Spaniards Villarreal in heavy rain on Thursday
Valencia stroll into last four with 2-0 Villarreal win
Mohamed Salah expressed his delight at playing a full role in Liverpool's 2-0 Champions League final victory over Tottenham on Saturday, after injury ruined his night against Real Madrid a year ago.
Football: Salah lauds 'unbelievable' Liverpool after
tellmysport.com/soccer/football-salah-lauds-unbelievable-liverpool-after-champions-league-glory/
Football: Salah lauds 'unbelievable' Liverpool after Champions League glory 06/03/2019 Soccer MADRID (AFP) - Mohamed Salah expressed his delight at playing a full role in Liverpool's 2-0 Champions League final victory over Tottenham on Saturday (June 1), after injury ruined his night against Real Madrid a year ago.
Salah lauds 'unbelievable' Liverpool after Champions League
yoursoccerchat.com/salah-lauds-unbelievable-liverpool-after-champions-league-glory/
Salah lauds 'unbelievable' Liverpool after Champions League glory Posted in AFP Madrid (AFP) - Mohamed Salah expressed his delight at playing a full role in Liverpool's 2-0 Champions League final victory over Tottenham on Saturday, after injury ruined his night against Real Madrid a year ago.
Salah Lauds 'Unbelievable' Liverpool After Champions League Glory
LONDON: Manchester City boss Pep Guardiola said Manchester United's home ground Old Trafford is no longer the fortress it used to be as City look to win all three points and take the lead in the
'It's not scary to go there' - Guardiola says Old Trafford no
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