A double blow of the coronavirus and a new salary cap has seen the bottom fall out of Chinese football’s transfer market, while Odion Ighalo led what could become an exodus of foreign stars.

Shanghai SIPG smashed the Asian transfer record when they signed Oscar from Chelsea three years ago for €60 million, with Hulk, Marouane Fellaini, Javier Mascherano and Carlos Tevez all moving to China in recent years.

Their arrivals put Chinese football on the map and provoked consternation in Europe’s major leagues that Chinese clubs were distorting the transfer market with world-leading wages.

But with wages now capped at €3 million a year, and the Chinese Super League on hold over the coronavirus outbreak, China isn’t the destination it once was.

China’s winter transfer window looks poised to close with a whimper on Friday, with Chinese Super League clubs spending just €28 million so far, the lowest since 2011.

There were two notable departures with striker Ighalo joining Manchester United on loan from Shanghai Shenhua and Belgian winger Yannick Carrasco returning to Atletico Madrid from Dalian.

China’s domestic football is indefinitely suspended because of the virus outbreak, which has killed nearly 2,800 people in the country and has now spread around the world.

Harry Belford Spencer, co-founder of First Pick Group, a Shanghai-based sports advisory company, said the uncertainty caused by the coronavirus had put off prospective foreign signings and dissuaded Chinese clubs from doing business.

“You are not going to invest a lot of money as a club if you don’t really know what’s happening,” said the Briton, who is involved in the Chinese transfer scene.

“You are signing these players with the intention of them playing earlier (from the start of the season in February), and there’s now this delay.

“You don’t want to build up a big wage bill and that’s probably why you see a guy like Ighalo joining United because why would Shanghai Shenhua want him on their books paying a salary when they’re not playing football?”

– Cooling measures –

Even before now, China’s transfer market had begun to cool after the Chinese Football Association brought in measures to encourage clubs to develop youth players.

The most significant was a 100 percent tax on foreign signings of more than 45 million yuan (€6 million), introduced in 2017.

In December, the CFA said that foreign players could not earn more than €3 million a year after tax.

That torpedoed any chance of Gareth Bale, who was on the verge of joining Jiangsu Suning from Real Madrid last summer, coming to China.

The salary cap will not affect existing contracts — SIPG’s attacking midfielder Oscar is one of the best-paid players in the world on a reported €26 million a year.

But it will hit foreign players when it comes to renewing, meaning they are likely to look outside China when their current deals expire.

– ‘Difficult for clubs’ –

In a sign of how Chinese clubs’ spending has plummeted this winter, the most expensive transfer over the last two months was Brazilian Ricardo Lopes, who went to SIPG from Jeonbuk Motors for €5.46 million.

The outlay this winter is the lowest since the 2011 window, with CSL clubs relying on free transfers, loans or signings for nominal fees.

Nine of the 16 sides in the league have not spent a penny, including Fabio Cannavaro’s champions Guangzhou Evergrande, according to transfermarkt.com figures.

While foreign players are hesitant to come to China because of the virus, domestic transfers have also slowed considerably because of the impact on everyday life and difficulties clubs face trying to plan for a season that has no start date.

Spencer, who expects the transfer market to pick up somewhat once the health crisis eases, said: “The virus of course makes it difficult for clubs to take players in.

“Whilst lots of China isn’t affected, it’s a reality of: do you want to play in China at the moment?”

Source:  AFP

Tyson Fury reigns again as a heavyweight world champion after battering Deontay Wilder on the way to a stunning seventh-round stoppage in their World Boxing Council title rematch.

Fourteen months after their dramatic split-decision draw, Britain’s Fury dominated the American champion — who had blood streaming from his left ear and leaking from his mouth when referee Kenny Bayless called a halt at the behest of Wilder’s corner.

“The king has returned to the top of the throne,” said Fury, who had dropped Wilder in the third and fifth rounds as he remained unbeaten — and handed Wilder the first defeat of his career.

The self-styled “Gypsy King” from northern England — who was borne to the ring on a golden throne — had put on a boxing masterclass in their first fight, but he was clearly ready to brawl from the opening bell on Saturday.

A massive right from Fury knocked down Wilder in the third and Wilder struggled to regain his legs — although when he went down again moments later it was ruled a slip.

A left to the body had Wilder down again in the fifth, and Fury was raining blows on Wilder when Bayless called a halt at 1:39 of the seventh round after Wilder’s corner threw in the towel.

Wilder, 34, suffered his first defeat in 44 fights, falling to 42-1 with 1 drawn and 41 knockouts.

The “Bronze Bomber” was unable to surpass Muhammad Ali’s record of 10 successful heavyweight title defenses.

“I just want to say a big shout out Deontay Wilder,” said Fury, who improved his own unbeaten record to 30-0 with one drawn and 21 knockouts. “He manned up. he really did show heart of a champion.

“I hit him with a clean right hand and dropped him, and he got back up and battled on into round seven.

“He is a warrior, he will be back, he will be champion again.”

As a pro-Fury crowd at the MGM Grand cheered, Wilder briefly protested the stoppage.

– ‘A warrior’ –

“I just wish that my corner would have let me went out on my shield,” he said. “I’m a warrior.”

Wilder had knocked Fury down twice in their first fight in Los Angeles — the Briton miraculously climbing off the canvas in the 12th round to hang on for a share of the spoils.

With new trainer Javan “Sugarhill” Steward in his corner, and with more than 16 additional pounds on his 273-pound frame, Fury was on the attack early, backing Wilder up with his jab and landing several hard shots in the opening round.

He didn’t produce the second-round knockout he’d predicted, but he was clearly in control.

The fight, the biggest heavyweight collision since Lennox Lewis bludgeoned Mike Tyson into submission on the banks of the Mississippi River in 2002, drew a star-studded crowd.

Super Bowl Most Valuable Player Patrick Mahomes was ringside, so were Mark Davis, owner of the NFL’s Las Vegas Raiders and Raiders coach John Gruden.

Retired NBA greats Magic Johnson and Jerry West were on hand, as was current Golden State Warriors star Draymond Green.

With the rematch in the books, fight fans will be hoping to see Fury take on compatriot Anthony Joshua — holder of the IBF, WBA and WBO belts — in a heavyweight unification bout.

Source: AFP