View source for Chinese FA Chief Says Salary Caps Needed For Sustainable Development

<br>March 20 (Reuters) - Chinese Football Association (CFA) president Chen Xuyuan has said introducing salary caps will help its professional leagues avoid "complete failure" and  [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html tour quảng châu] warned clubs of penalties if they violate the rules coming in next season.<br> <br>The CFA will introduce a salary cap for the top-flight Chinese Super League (CSL) starting in the new season as part of measures aimed at limiting spending and  [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html tour quảng châu] ensuring sustainable growth.<br> <br>Salaries for domestic players would be capped at 5 million yuan ($770,000), while those of foreign players cannot exceed 3 million euros ($3.6 million), Xinhua news agency reported.<br> <br>Clubs will be allowed to spend up to 600 million yuan per year on salaries, with a maximum of 10 million euros on foreign players, the report added.<br> <br>"We have to take measures to curb the investment bubbles in the leagues and promote the healthy and sustainable development of professional football," Xinhua quoted Chen as saying in an interview.<br> <br>"CSL club expenditure is about three times higher than Japan's J-league. But our national team is lagging far behind. The bubbles not only affect the present of Chinese football, but also its future."<br> <br>Chen said any concealment or [http://www.savethestudent.org/?s=contract%20forgery contract forgery] by a club will result in them being relegated and the players involved banned.<br> <br>The CFA chief added that Chinese football will not view the naturalisation of players as a long-term strategy for success.<br> <br>Four naturalised players are in the Chinese team's two-week training camp starting on Sunday in Shanghai.<br> <br>"Naturalised players who meet the related requirements will still be welcome, but it won't be the mainstream in Chinese football's development," Chen added.<br> <br>Meanwhile, CSL side Beijing Guoan are likely to keep their 28-year-old name despite new regulations requiring clubs to [http://dictionary.reference.com/browse/remove%20references?s=ts remove references] to sponsors or investors in team names.<br> <br>CSL champions Jiangsu Suning have already said they will become Jiangsu FC with Guangzhou Evergrande changing their name to Guangzhou FC and  [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html kynghidongduong.vn] their local rivals Guangzhou R&amp;F now known as Guangzhou City.<br> <br>"The Sinobo Group's purchase of Citic Guoan shares in the club is underway, which will keep the club name as Beijing Guoan," Chen said.<br><br>($1 = 6.5070 Chinese yuan renminbi, 0.8401 euros) (Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Hugh Lawson)<br>