China Puts 100% Tax On Foreign Stars

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Football player Carlos Tevez.

Chinese super leagues face a 100% tax on signings as their mid-season transfer window opens. Chinese clubs spent £331m during the during the  winter transfer window, which was more than their English Premier League counterparts in January.

The move could signal an end to big money  signing by the Chinese leagues, Carlos Tevez moved to Shanghai Shenhua on a reported £71.6m deal in December, with Chelsea’s Oscar signing for rivals Shanghai SIPG for an estimated £52m.

Spokesperson for China’s General Administration of Sport said clubs in the country were “burning money”.  The proceeds from the tax would go into a government run fund, which would train young players, and warned Super League clubs to “consider the healthy development of Chinese football” and “invest rationally”.

In a bid to curb the “irrational spending” by the clubs, limits on the number foreign players in squads were put in place for the current season. Only three non-Chinese players can now be fielded in a fixture.

 

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