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Report - Chinese Super League clubs in financial meltdown as players salaries remain unpaid

Report - Chinese Super League clubs in financial meltdown as players salaries remain unpaid

The Chinese Super League is heading for financial meltdown with the news that 13 clubs risk losing their places next season due to failing to pay players’ wages. A report out today claims that the clubs in question have until August 15 to get their houses in order or risk expulsion from the championship.
 
Current champions Guangzhou Evergrande are one of the clubs named as well as Shanghai SIPG who have the likes of Ricadro Carvalho and Oscar in their squad. Another club, Shanghai Shenhua pay Argentine striker Carlos Tevez £615,000-a-week are also implicated in the report from an annual general meeting back on July 11.
 
Indeed, of the 16 clubs from the top tier, only Yanbian Fude, Henan Jianye and Guizhou Hengfeng have managed to satisfy the authorities. The clamp down comes just six months after the Chinese government moved in to intervene in club spending with salaries spiralling out of control and set out plans to “set a cap for clubs”.
 
Clubs accused of failing to pay players properly:
 
Super League: Shanghai Shenhua, Shanghai SIPG, Beijing Guoan, Changchun Yatai, Chongqing Dangdai Lifan, Hebei China Fortune, Guangzhou Evergrande, Guangzhou R&F, Jiangsu Suning, Liaoning Whowin, Shandong Luneng Taishan, Tianjin Quanjian, Tianjin TEDA.
 
League One: Beijing Renhe, Dalian Transcendence, Shanghai Shenxin, Shijiazhuang Ever Bright.
 
League Two: Qingdao Jonoon.


Data supplied by The Mirror