Govt’s clampdown on “irrational investment” may hurt Mikel’s move to China
The Chinese government has announced a crackdown on Football club’s spending following a host of big money arrivals, and this intervention may hurt Mikel Obi’s Move to Tianjin TEDA.
Mikel is expect to earn £8.7 million per Annum in China, which amounts to £140k per week, two times the wages he receives at Stamford Bridge.
China is fast becoming the haven of crazy wages with Oscar and Carlos Teves earning £400,000 and £615,000 respectively, and the Chinese government views these spendings as an “irrational investment.
An unnamed spokesman according to SunSports said the government would “regulate and restrain high-priced signings, and make reasonable restrictions on players’ high incomes”.
He further stresses that “We must take building hundred-year clubs as the goal. We will remove the seriously insolvent clubs from the professional league.”
Last month the Chinese FA announced that it will reduce the number of overseas players allowed on from five to four to attempt to develop local talent.
It is also worthy of note that State-backed CSL clubs broke the Asian transfer record four times last year after President Xi Jinping announced his ambition to make the country a footballing superpower.