The Chinese Football Association (CFA) has announced its most grounded strategy to curb the growing menace of transfer fees on foreign players in the midst of speculation linking Chelsea’s forward Diego Costa and Pierre-Emerick Aubameyang move to China.
A charge in an overabundance of £60million has been mooted for Costa, who keeps on being connected with Chinese moneybags Tianjin Quanjian, while Borussia Dortmund star Aubameyang could order a comparative figure after Shanghai SIPG’s Oscar landed in China for a league record of €60m.
The CFA needs to curb the inflated fees and concentrate on grooming young talents, with the transfer rule set to effective in June, forcing the clubs to invest into development fund should they make any transfer loss.
Over the last two years, Chinese League have starred several numbers of superstars with the likes Axel Witsel, Graziano Pelle, Carlos Tevez, Ezequiel Lavezzi, Paulinho, Ramires, Oscar, Hulk, and Alex Teixeira moving to China after enormous cash moves.
The Chinese FA released statement saying: “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.”