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November 21, 2019

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CFA freeze on signing new deals

Source: Xinhua | 00:05 UTC+8 November 21, 2019 | Print Edition

The Chinese Football Association has suspended all new contract signing of domestic players in the country’s professional leagues, as it seeks to implement a series of new regulations, including a salary cap, early next month.

In a notice issued yesterday, the country’s football governing body asked all professional clubs to delay signing new contracts or extending contracts with domestic players in their squads.

According to the CFA, the notice was issued in the interests of all professional clubs since new regulations will come into force soon.

“It only refers to new contracts. The new regulations will be published in early December as planned, and therefore the winter transfer market won’t be affected,” a source at the CFA said.

“The new regulations are aimed at promoting the healthy development of Chinese domestic leagues, relieve the financial burden on clubs and build a standardized salary system as well as a regulated transfer market,” the notice said.

The CFA source noted that “a strict salary cap for domestic players, and new policies on foreign players, naturalized players and player transfers” will be included in the new regulations.

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