Sponsored
Sports

Trouble Looms In Chinese League After Signing Of Mikel, Oscar, Tevez

Sponsored
Sponsored

There is strong indication that the  Chinese government will look to cool the spending frenzy gripping the country’s Super League in the coming months after a host of top names moved to the country on huge salaries.

Chinese clubs have twice set new records for the highest-paid player in the world within the past month. Shanghai SIPG paid £60million to bring Oscar to the Super League,where he will earn around £500,000-a-week.

That pay packet briefly smashed the record only for Carlos Tevez to join Shanghai Shenhua in a £70m, £615,000-a-week deal that made him the world’s best paid player.

Cristiano Ronaldo’s agent has claimed the Real Madrid star had been offered £1.65m-a-week to join the Super League whilst the likes of Axel Witsel and Nigerian Mikel John Obi have been lured by salaries far beyond what they could earn in Europe.

Mikel, who has been at Chelsea since 2006, has been offered a three-year contract worth £140,000-a-week (about N82.6m) to become the latest player to swap Europe for the riches of Asia’s emerging football market.

The 29-year-old had been hesitant to move to China as he wanted to still play in a competitive league in Europe and was unsure about moving his family to the Far East.

However the bubble may be about to burst, with China’s Sports General Administration warning clubs that the government would enact regulation to curb “excessively high incomes”.

The government will “regulate and restrain high-priced signings, and make reasonable restrictions on players’ high incomes,” a spokesperson for the SGA added, whilst China will also look to use “rules and policy levers to encourage a long-term culture of local players”.

 

Standard Sports reports Thursday that Super League clubs are already limited to five foreign players per team, one of whom must come from the Asian Football Confederation.

Last month the official newspaper of the Chinese Communist Party, People’s Daily,warned of a “bubble” brought on by £940m of spending on football in 2016.

The Asian transfer record has been broken on six occasions in the past year by Super League sides whilst in Europe a growing number of sides, from West Brom to Inter Milan, have Chinese owners.

 

Sponsored
Alinnor Arinze

Recent Posts

Prince Jide Kosoko Celebrates First Lady Remi Tinubu At 66, Lauds her Support for Women, Widows, Creative Economy

Veteran Nollywood actor, film producer, and respected cultural ambassador, Prince Jide Kosoko, has extended his…

8 hours ago

Zamfara, XEJET Sign Agreement To Commence Abuja-Gusau Flight

The Zamfara State Government has signed an Air Route Development Partnership Agreement with XEJet Limited…

9 hours ago

Analysts Warn of Economic Fallout From Network Downtime

Nigeria’s growing dependence on digital connectivity means prolonged telecommunications disruptions could affect businesses, jobs and…

10 hours ago

Witness Reveals How Bauchi Accountant-General Transferred State Funds To Private Company

BY MICHAEL AKINOLA  Trial of the Accountant-General of Bauchi State, Sirajo Muhammed Jaja continued on…

10 hours ago

Obasa Celebrates First Lady Oluremi Tinubu At 66, Hails Her ‘Masterclass In Public Service’

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa, has described…

12 hours ago

Benin-Asaba Expressway Concession Company Appoints Emmanuel Onwodi Chief Operating Officer

The Benin-Asaba Expressway Concession Company Limited (BAECC) has announced the appointment of renowned Public-Private Partnership…

13 hours ago
Sponsored