Chinese football league will introduce a financial supervision system in the new season to ensure financial health of its clubs, a senior league official said.
The system, currently under construction, will be used to check the clubs' financial situation every month, said Liu Jun, the vice director of the Chinese Football League Preparatory Committee.
"Once any problem is detected by the system, we will immediately contact the club involved to sort it out," Liu said.
"A league must maintain a balance between its revenue and expenses in order to encourage sound growth. Overspending in the past made it difficult for us to balance our budget," he said.
"To reduce costs and boost revenue, we, therefore, instituted wage and spending limitations. This year, we want to witness a fundamental improvement," said Liu.
Comment