Chinese football to impose stricter pay-cut policy, says CFA chief Sports


Source: sina.com sina.com

Key Topics in this News Article:

News Snapshot:

BEIJING, Nov. 17 (Xinhua) -- Chinese Football Association (CFA) president Chen Xuyuan has vowed to introduce stricter measures to further reduce players' salaries in order to ensure the health of China's football leagues. In an effort to curb excessive spending, the CFA had in January announced the introduction of a salary cap of 3.3 million U.S. dollars per year for overseas players, with Chinese players limited to annual earnings of 1.4 million U.S. dollars. "The leagues can only operate well under reasonable financial conditions, and I am certain that we will work out measures by the end of this year...