(Yicai Global) Jan. 6 -- Chinese sports regulators plan to limit payments made by soccer clubs to prevent further signings of foreign players using jacked-up transfer fees and salaries to help promote the careers of young, local players.
The General Administration of Sports discussed recruitment and remuneration capping with journalists on its website yesterday. The government will restrict signing bonuses and set upper limits on players' pay, the GAS spokesman said. The sports agency will also consider imposing a proportional fee on such bonuses that will finance a soccer development fund used to train young players.
GAS will encourage clubs to cultivate local players, the spokesman noted, possibly by adjusting the methods for calculating Chinese Super League (CSL) points or by mandating playtime for one or two young players every game.
Shanghai Shenhua Football Club confirmed a deal with Carlos Tevez, an Argentine striker known as "the beast," for a transfer fee of around EUR11 million (USD13.6 million) on Dec. 29. Shanghai SIPG Football Club bought the famous Brazilian player Oscar dos Santos Emboaba Júnior for EUR60 million also in December.
Young local players have been denied the opportunity to play in recent years because of CSL clubs snapping up foreign players with signing bonuses that rank among the world's highest. The economic disparity between clubs has led to a widening gap in competitiveness.