Stricter salary cap set for Chinese Super League
The Chinese Football Association Monday announced it will impose a stricter salary cap on the Chinese Super League for the 2021 to 2023 seasons.
The soccer governing body regulates that each CSL club's total expenditure each season should not exceed 600 million yuan ($91 million), including money spent on youth training and women's soccer.
The new salary cap on domestic players is 5 million yuan before tax, while the salary cap on foreign players is 3 million euros ($3.3 million) before tax. The numbers are much smaller than CFA's current salary cap.
After the 2019 season, the CFA introduced a salary cap of 3 million euros after tax on foreign players. The salary cap for domestic players is now at 10 million yuan ($1.43 million) before tax, or 12 million yuan for China internationals.
"The CFA will punish any club or player who violates the regulation. It doesn't matter how famous or influential they are," said Chen Xuyuan, the CFA president.
Most Popular
- Xavi to remain as Barca coach
- China rallies past Australia in women's hockey test series
- China's Wang Xinyu produces fightback in Madrid Open first round
- Everton damages Liverpool's title hopes, Man Utd moves to sixth in Premier League
- Chinese ace Ding edged out of snooker worlds
- Rafael Nadal: If it wasn't Madrid, I wouldn't be playing this week