This summer, Chinese Super League’s transfer window is once again set up to witness top players transfers for enormous amounts. But a 100% tax on transfer fees looks likely to hit spending when the country’s transfer window opens on Monday 19th June.
Manchester United striker Wayne Rooney, Chelsea striker Diego Costa, and Pierre-Emerick Aubameyang are among the star players rumored to be considering big-money moves to the Chinese Super League (CSL), which has been smashing spending records in recent seasons.
Also, as per the speculations, Real Madrid superstar Cristiano Ronaldo is looking for a fresh challenge and the Chinese Clubs will definitely try to lure him with massive transfer amount. They are exploring the possibilities of signing him before their mid-season window closes in 26 days.
In May, the country’s Football Association (CFA) released a statement where they proposed measures for loss-making clubs in order to try to curb the league’s extravagant spending.
After imposing a tax on the transfer window the proceeds from the tax will go into a government-run fund.
Chinese clubs spent £331m during the country’s winter transfer window, which was more than their English Premier League counterparts in January.
In the last transfer window, Shanghai SIPG bought Brazil international Oscar for £60m from Chelsea, while Shanghai Shenhua spent £40m on Carlos Tevez. The Argentina striker signed a deal worth a reported £310,000 a week.
Also, the CFA has put limits on the number of foreign players in squads and increased the quota of domestic players under the age of 23 which must be in the starting lineup for a minimum of one. This move would tackle the “irrational” spending of the Clubs.
Considering the market speculations, the Chinese Super League transfer window has raised the potential for another massive deal being done for Manchester United’s striker Wayne Rooney, Terry, Costa among others.