BEIJING (AP) — The governing body of Chinese soccer plans a series of measures in response to what is termed "irrational" spending by clubs on transfer fees and player salaries, amid concerns that foreign stars are crowding out local talent and harming the country's goal of becoming a global force in the sport.
The Chinese Football Association said in a statement Monday the steps will target the "operations and management" of teams in the top-tier China Super League and the China Premier League, one step below it.
The measures will address "recent irrational investments by clubs, high-figure transfer fees and salaries paid to domestic and international athletes and other issues," the CFA said in a statement.