The Chinese Football Association introduced new rules in an attempt to curb the massive spending in the Chinese Super League. Over £125million has already been spent by Chinese clubs in the January transfer window alone with offers to the world’s top players being made on a daily basis.
The Chinese FA was clearly worried that homegrown players could be frozen out and have moved to tax teams in a bid to improve youth development.
According to Sky Sports, the Chinese FA will impose a tax on “ultra-high worth” signings.
The proceeds of the tax will go towards youth football. Also, all CSL clubs will now have to spend a minimum of 15 per cent of their annual expenditure on youth development.
All teams will be required to have Under-15, U17 and U19 teams as they look to bolster the growing reputation of the CSL.