CHINA’S soccer governing body, the Chinese Football Association (CFA), told Xinhua yesterday that a series of new regulations including a “salary cap” will be implemented in the Chinese Super League (CSL) and lower professional leagues next season. Worrying about prohibitively expensive transfer fees and an influx of well-paid foreign players, the CFA says that the “salary cap” plans to include the total expenditure cap of the club and the salary cap of individual players, aiming to contain “irrational” investment and promote healthy and sustainable development of professional leagues. The specific amount of the “salary cap” will refer to the average investment and players’ wages in the J-League and K-League, the CFA said. In addition, the CFA will also launch rules to strengthen financial review and supervision, eradicate extra signing fees and duplicate contracts, and perfect player labor contract systems.(Xinhua) |