China’s government announces crackdown on spending after high-profile arrivals
Shanghai SIPG smashed Asian transfer record for £60million Oscar while rivals Shenua made Carlos Tevez the world's highest paid player
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CHINA has announced a government crackdown on spending after another wave of eye-watering transfers.
Chinese Super League clubs were accused of “burning money” after Shanghai SIPG smashed the Asian transfer record to land £60million for Oscar.
Cross-city rivals Shenhua also made Carlos Tevez the highest paid footballer on the planet with a staggering two-year deal netting him£63,960,000.
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Ex-Chelsea playmaker Oscar is on £400,000-a-week - putting him in the top three worldwide.
An unnamed spokesman said the government would “regulate and restrain high-priced signings, and make reasonable restrictions on players’ high incomes”.
State-backed CSL clubs broke the Asian transfer record four times last year after President Xi Jinping announced his ambition to make the country a footballing superpower.
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The spokesman transfer fees and wages would be capped to limit“irrational investment”.
He added: “We must take building hundred-year clubs as the goal. We will remove the seriously insolvent clubs from the professional league.”
Last month the Chinese FA announced that it will reduce the number of overseas players allowed on from five to four to attempt to develop local talent.