Chinese Super League spending set to be capped as government moves to curb expensive foreign imports

Oscar was a £60m signing last month, while Carlos Tevez is earning £615,000 a week in China

Oscar is one of the latest big-money signings for the Chinese Super League (Photo: REUTERS)
The Chinese Super League gravy train paying outrageous wages to foreign players is set to be derailed by the Chinese government.
Carlos Tevez signed for Shanghai Shenhua for a world record £615,000 a week while Shanghai SIPG paid £60m to Chelsea for Oscar.
Now China’s top sports governing body has accused teams of the “grave phenomenum” of “burning money” on foreign players instead of investing in youth development.
A spokesman for China’s General Administration of Sport would also “set a cap for clubs’ expenditures for buying players, and inhibit unreasonable investment”.
He said : “We are going to regulate, curb the expensive purchases of foreign players, and limit in a reasonable manner the high incomes of the players.”
A new crackdown would also “combat signing bonuses, shadow contracts, and other violations, and sternly handle clubs, players or brokers that demand or seek signing bonuses.”
The big spending by Chinese Super League clubs has caused concern in Europe with Arsene Wenger claiming their financial power is a threat to the Premier League.