Debt: 13 Chinese clubs face competition ban

By Daily Sports on July 26, 2017

Thirteen Chinese Super League clubs have been told to clear debts or face a ban from the competition next season.

The Chinese Football Association (CFA) wrote to all but three of the country's 16 top-flight clubs, as well as five lower-league teams.

The CFA claimed the clubs had outstanding debts on player transfers, salaries or bonuses.

Many of the teams deny the claims, including Shanghai SIPG, who paid £60m for Brazil midfielder Oscar in January.

Transfer window opens with clubs facing 100% signings taxChinese Super League reduces number of foreign players allowed to play

The CFA's letter follows a similar move by the Asian Football Confederation, which wrote to the CFA on 11 July stating that clubs had until 31 August to clear all outstanding payments or face exclusion from next year's Asian Champions League.

Guangzhou Evergrande, two-time winners of the Asian Champions League, were among the clubs contacted, the CFA said.

In a statement on social media, Shanghai SIPG said they had "fully paid all of the arrears last October" and had "submitted its evidence to the CFA".

Jiangsu Suning, Shandong Luneng and Beijing Guoan issued similar statements while Shanghai Shenhua, who signed Carlos Tevez for a reported £40m in December, said they were investigating and would finalise outstanding payments as soon as possible.

Chinese football authorities have sought to crack down on spending, with new regulations put in place that mean loss-making clubs are hit with a 100% tax on signing players from overseas, effectively doubling transfer fees.

The CFA has also reduced the number of overseas players permitted in matchday squads.

Source Daily Sports

Posted July 26, 2017


 

You may also like...
Bayern eye double for Pep’s farewell

Griezmann the saviour for Atletico again

Oshoala arrival excites Omagemi

Lingering hip injury denies Murray a place in...

Rivers United Commiserates With State FA Over Kile’s...

'Echjejile needs help'

 

Latest News CHAN Eagles Gear up For Ghana Clash Onitsha Country Club Plans Tennis Academy With Facility New Facelift Nigeria beat Cameroon to reach IHF final 27 schools for Doregos Basketball Championship Super Falcons to play France’s Les Bleues in friendly SWAN suspends ban on coverage of Anambra FA activities Joshua among boxing’s top three earners in 2024 Oshoala makes history with Bay FC Nnamani hails team over IHF bright start Flamingos lift U-17 W’Cup Fair Play Trophy Rangers Intl, SWAN partner on sports collaboration in SE LAGOS SWAN CELEBRATES AIG ZONE 2 ON HIS BIRTHDAY AND 30 DAYS IN OFFICE

 

Most Read Rangers International going, going . . . (55,142 views) Amaju Pinnick: A cat with nine lives (46,269 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (44,351 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (43,992 views) Sports Development: Zenith Bank on the zenith (43,932 views) Current issues in Nigerian sports: Matters arising (43,879 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (43,718 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (43,289 views) Olopade, BET9A wave of revolution in NNL (42,333 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (41,036 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (39,490 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (38,917 views)

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media