http://www.bbc.co.uk/sport/football/38524429Maybe sanity is returning, at last.
A spokesperson for China's General Administration of Sport said clubs in the country were "burning money".
The spending was also described as "a grave phenomenon" in a question and answer session on the organisation's official website on Thursday.
The spokesperson added that the government body would "strengthen examination and supervision of clubs' financial affairs, progressively control clubs' expenditures on first-team players and ensure favourable financial conditions".
Comments
It's kind of like spending £100,000 on marketing when you only have sales of £50,000. It's all about boosting the future revenue by raising awareness. An established league system like ours should have FFP. Maybe China shouldn't if increasing their league's status is what they want. Besides, I think their leader is keen on football?
Each club (16) are only allowed four foreign players plus one Asian player and as you can see from the below link, there are only three more spots available in the whole of the League
https://en.wikipedia.org/wiki/2017_Chinese_Super_League#Foreign_players
Scolari, AVB, Poyet Stojkovic, Pellegrini, Magath, Cannavaro
I
"Chinese Super League clubs face a 100% tax on signings as their mid-season transfer window opens on Monday.
The country's Football Association (CFA) is proposing the measure for loss-making clubs in order to try to curb the league's extravagant spending.
Chinese clubs spent £331m during the country's winter transfer window, which was more than their English Premier League counterparts in January.
The proceeds from the tax would go into a government-run fund.
If enforced, the measure would in effect double the fee for any player."
Whilst I agree that the money they are spending is insane, they have to offer that or no player would take them seriously.
In terms of encouraging youngsters, I think that having some big name/marquee players in China, actually would do that.
I'd have thought that the kids would want to see some big names, thus encouraging them to take a bigger interest in the game.
I don't see it as much different from the MLS with their marquee signings over the years (Beckham would certainly not have been cheap), or even places like here in Aus' with the A-League & marquee signings, & way more people taking an interest in the game (The PL is very popular here too though, & plays a part).
I think the real problem in China would be if the majority of their squads are from overseas, & the homegrown players were not getting chances. Thinking about it, I think English football is in potentially more trouble than China in that regard!
http://www.bbc.co.uk/sport/football/40366059
Gaitan is 30 so i can understand that, but Carrasco is 24 and in 2016 scored in the champions league final. What a waste of a career moving there at that age.
Dalian also signed Jose Fonte this week too so clearly have big plans.
Wouldn’t surprise me if it was a Chinese club. Plastic league trying to buy a football culture. Tevez’ whole stay there shows what a complete irrelevance the whole thing is.
Carrasco will do what he feels is right for his own situation but any top international in their prime that goes over there isn’t serious about his profession imo
Maybe - and this will take what, 10/15 years - seeing stars like these guys in China will inspire a new footballing generation, but even then, I don't think overmuch is going into the grassroots and youth games. Here's hoping I'm proved wrong, and we see a good footballing culture take place, but I doubt it.
Chinese Super League champions Jiangsu FC - who have the same owners as Inter Milan - have "ceased operations", the club said on Sunday.
Jiangsu are the reigning Chinese champions after winning their first league title in November 2020.
"Even though we are reluctant to part with the players who have won us the highest honours, and fans who have shared solidarity with the club, we have to regretfully make an announcement," Jiangsu FC said in a statement.
"From today, Jiangsu Football Club ceases the operation of its teams."
Suning chairman Zhang Jindong, said: "We will focus on retail business resolutely and without hesitation will close and cut down our business irrelevant to retail."
Madness. Imagine your team being champions of the country and then folding just a few months later.
Unless the parent company has suddenly hit financial trouble?
Inter will be ok though, they're a huge name in world football so will always be someone willing to buy them.