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(ECNS) - The Chinese Football Association (CFA) has vowed to promote professional leagues and improve sustainable development of football clubs that now operate in red as player salaries in the Chinese Super League (CSL) continue to soar.
The sport needs to accelerate efforts to form a professional football league as an independent legal entity responsible for organizing and managing matches, said the report released during a CFA meeting on Thursday.
Efforts are also needed to draw on football development experiences from other countries, clarify the function and responsibilities of the CFA, and encourage football clubs to play a major role.
Many clubs suffer from financial losses, but football player transfer fees in China have skyrocketed in recent years. To address the problem, the report suggests efforts to boost revenue for clubs through a better business environment.
The report also shows spending by national football teams reached 200 million yuan in 2017 and 250 million yuan in 2018. The costs of building training centers and training of young footballers was 28.93 million yuan in 2017 and 74.61 million yuan in 2018.