Shanghai Media: Hengda lost 1.24 billion Pandoras box in one year should be closed!

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 Shanghai Media: Hengda lost 1.24 billion Pandoras box in one year should be closed!


Limitation of salary and capping of investment are imperative for Chinese Super League players. Photographed by Li Mingjin, reporter of Xinmin Evening News

The transfer of foreign aid will take hundreds of millions, and the sale of young players will be casual tens of millions... In recent years, the investment of many clubs in Chinas football industry has been insane. To some extent, it can show the success of the Chinese Super League, but it also makes the League face the risk of losing control. In this financial seminar, a few simple data released by AFC officials illustrate the problem: in the 2018 season, the total salary expenditure exceeding clubs was as high as $696 million, while in the J League, the figure was $240 million, far less than half of that in the Chinese Super League, while in the Australian Super League, the salary cap was $31 million. In 2017, the total loss of Chao has exceeded 700 million US dollars (about 4.83 billion RMB), and the average loss of each club is over 40 million US dollars (276 million RMB). This figure is also very astonishing. In Guangzhou Hengda Taobao Clubs annual financial report for 2017, the club lost 1.24 billion yuan.

Kobayashi, director of planning at FC Tokyo, Japan, shared their operation. He believed that there was no comparability between Japanese clubs in terms of the amount of investment and the Chinese Super League, and the most direct manifestation of this gap was the salary of the players. In the operation of Tokyo FC, it is very important to keep playersincome within 30% of total expenditure. If we cant do that, we will run a deficit. According to Kobayashi, last season, 38% of the total expenditure was paid by all the staff of Tokyo FC first team and 28.2% of the playerssalary. Effective salary control made the club debt-free.

In May this year, the Chinese Football Association held a meeting on club finance in Xinjiang, and put forward a proposal to limit the total wages of players and the total investment of clubs, which was supported by all clubs. At subsequent meetings, clubs discussed the specific quota of investment cap and salary cap. Ultimately, most clubs agreed to cap the Chinese Super League with 1.2 billion yuan. With regard to playerssalary caps, the pre-tax salary is not more than 10 million yuan, and the international football team can enjoy a 20% rise. Although the numbers still look huge, they are still a step forward.

Li Yuyi, executive vice president of the Chinese Football Association, said in his concluding remarks, Since the club conventions have been formed through consultation and certain figures have been agreed upon, they must be strictly implemented and implemented in good faith. According to him, before the promulgation of the relevant financial control policies of the Chinese Football Association, the Football Association coordinated and studied 37 clubs. All of the Chinese Super League and the Chinese First Division have gone once, and the Chinese Second Division has gone several times. Everyone has a common desire, that is, to desire a fair competition environment. In fact, investment is also an important factor in the fair competition environment. To play a league is not like burning money. One Club invests 2 billion yuan and the other invests 300 million yuan. How can we play this game?

Guan Yin, Chief Reporter of Xinmin Evening News

Its good that some people are willing to invest. Any sport needs commercial support. Capital has its acuity, and the more active it is, the more prosperous it is. But in the past few years, Chinas football in the world preliminaries, Olympic preliminaries and even the Asian Games has proved that burning money alone, in the end, is at most self-entertainment. It should be said that in recent years, Chinese football seems to be lively, but in fact, there are many crises and serious deformities. For example, an ordinary young player, the transfer fee is 350 million or even higher; a young player who can not play a few games a year, earns millions, is that reasonable? Billions of investment is now the standard allocation, and the loss of billions of dollars is normal. Can we not rectify it again? Limiting wages and salaries is not to tie hands and feet, but to go further; Chinese football is not a 100-meter race, but a marathon. Its time for Pandoras Box. Source: Xinmin Sports Author: Guan Yin Responsible Editor: Zhang Zenong_NS5732

Its good that some people are willing to invest. Any sport needs commercial support. Capital has its acuity, and the more active it is, the more prosperous it is. But in the past few years, Chinas football in the world preliminaries, Olympic preliminaries and even the Asian Games has proved that burning money alone, in the end, is at most self-entertainment.

It should be said that in recent years, Chinese football seems to be lively, but in fact, there are many crises and serious deformities. For example, an ordinary young player, the transfer fee is 350 million or even higher; a young player who can not play a few games a year, earns millions, is that reasonable?

Billions of investment is now the standard allocation, and the loss of billions of dollars is normal. Can we not rectify it again? Limiting wages and salaries is not to tie hands and feet, but to go further; Chinese football is not a 100-meter race, but a marathon.

Its time for Pandoras Box.