Friday, 26 May 2017

Chelsea Striker Diego Costa To Cost Chinese Clubs £150m After Chiefs Impose 100% Tax On Foreign Deals

Chinese Super League clubs will have to pay up to £150million for Diego Costa – after league chiefs decided to impose a 100 per cent tax on all foreign deals.
The Chinese FA has announced a 100% tax on the signing of foreign players in a bid to encourage domestic competition.

The tax rule is the latest in a series of new rules the Chinese FA has introduced to try and limit spending on foreign players.

It should definitely have an impact, as Chelsea's Diego Costa's rumoured £76m transfer would cost twice that amount.
The Chinese FA state: "Clubs signing players through capital expenditure will be charged the same amount, with the full sum going to the Chinese Football Development Foundation, to train young players, promote social football and soccer charity activities."
Before the Chinese Super League season started in March, the FA announced a rule limiting the number of foreign players allowed in a match-day squad to five.

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