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Chinese FA clamps down on big-money transfers

Chinese FA clamps down on big-money transfers

The Chinese Football Association (CFA) has introduced its strongest policy to date, to curb the huge transfer fees clubs pay for foreign players.

This comes amid speculation Diego Costa and Pierre-Emerick Aubameyang could move to China.

Chinese Super League side Tianjin Quanjin, are reportedly ready to offer a fee in excess of £60million for Chelsea’s Costa, while Borussia Dortmund star Aubameyang could command a similar figure after Shanghai SIPG’s Oscar arrived in China for a league-record €60m.

The CFA is determined to put an end to the inflated fees and focus on youth.

“A special fee would be imposed on any club who has a trade deficit in a single transfer market.

“The club would be paying the same amount of money as their outlay on player recruitment to the Chinese Football Development Fund.

“Money from the fee will be used to the development of young players, the promotion of grassroots football and charities. The regulation will be effective from the upcoming summer transfer window.

“The new measure aims to promote the healthy and stable development of the professional football and rein in the trend of keeping up with the Joneses and showing off overpriced signings,” the CFA said in a statement.

In addition, the CFA plans to introduce another rule to increase the playing time of China Under-23 players.

“Each Chinese Super League and Chinese League One club will be required to field the same number of local U23 players as their foreign counterparts in each domestic match.

“The regulation will be effective from 2018,” it added.

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