China Spends Over $300 Million on Foreign Players.

The football scene has been known to boast of spending the most on the purchase of new football players. Currently the whole world in general is focused on electing the next FIFA president while China is focused on buying the most expensive players for this season. So far it has spent over $300 million on foreign players.

The only players that China could not lay their hands on are the ones in the most expensive teams and those who are in newly signed contracts. Apparently it is rumored that they are spending on players to please the president Xi Jinping.

In the most recent January- February transfer window of 2016, China’s league clubs have spent $366 million. The fee paid for these transfers by China is exceeding that of the English premier league teams by more than $100 million and has quadrupled China’s last year transfer budget.

This spending is also more than the spending of other leagues combined like Italy, Germany, France and Spain. China has really decided to shock us all by going on this new expensive shopping spree. These were the analysis according to Transmarkt.

This is now known as the ‘gold rush’ where most of the world’s top players are rushing to. The most celebrated top players, Ramires-formerly of Chelsea, Jackson Martinez- formerly of Atletico Madrid and Alex Teixeira- formerly of Brazil were the players that cost China the most for them to win their bids.

These players are only rushing to play for China because they will have double the money they were earning yet it is damaging for their career because they will not have stiff competition on the pitch as they did before. Others like Teixeira are being paid about $10 million annually by China yet they never even made it to big teams and games like the English premier league.

European club owners have reason to be concerned because China has the ability to move a whole European league to China. Arsene Wenger, Arsenal’s manager said that if China’s intentions were political in their move to buy these players then there was reason to be concerned.

This article is published in: News
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