China introduce rules to control spending on foreign players
Thursday 19 January 2017 12:45, UK
The Chinese Football Association (CFA) have introduced 18 new rules to control spending on foreign players by clubs in the Chinese Super League.
"Ultra-high worth" signings will be taxed, with the proceeds going to youth training and development.
Professional football clubs will have to spend at least 15 per cent of their annual expenditure on youth development.
All Chinese Super League clubs will have to have U19, U17 and U15 teams.
Strict new financial rules about the day-to-day running of clubs and transfers are also to be introduced.
Earlier this week, the CFA announced that Chinese Super League (CSL) clubs will be allowed only to have three foreign players on the pitch when the new season starts in March.
CSL clubs have been big spenders during this window, signing players such as Oscar from Chelsea.
