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Category Antiques
Created 2017-10-29
Owner buzai3
Title Top Chinese clubs pay debts after expulsion threat
Description Top Chinese clubs pay debts after expulsion threat



Ten Chinese Super League clubs say they have paid off debts related to player wages, bonuses and transfers after 13 of them were threatened with expulsion.

Shanghai Greenland Shenhua, which signed Argentine striker Carlos Tevez in January on what are believed to be among the highest wages in world football, and Oscar's Shanghai SIPG are among the top-tier clubs who say their books are now clean.

The Chinese Football Association said in a statement published by one team that the Asian Football Confederation had asked 18 top flight and lower league clubs on July 11 to clear their debts by an August 15 deadline.

The teams were warned that they could be banned from all AFC matches and next season's Chinese league if they failed to send proof of payment by then.

As of Wednesday, 10 CSL clubs, including Paulinho's Guangzhou Evergrande, big-spending SIPG and Shenhua said they had cleared their books of debt.

The CSL has 16 teams and only three had not been sent a debt notice.

The debt situation of three other clubs — Fabio Cannavaro's Tianjin Quanjian, Tianjin Teda and Liaoning Hongyun — was unclear.

Reigning CSL champion Evergrande said two of the payments involved were settled in December and January.

"We do not owe any back fees," the club said in a statement late on Tuesday on China's Twitter-like Weibo website, amid fears that mass expulsions could wreck the CSL, which has gained in international prominence after a series of big-name signings.
Website Chinese Super

 


 

 

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