Chinese clubs wind up record spending spree
Beijing: Chinese Super League clubs wrapped up a record spending spree yesterday after football transfers worth a world-beating 331 million euros ($365 million) sent the sport into a spin.
With the winter transfer window set to close at midnight, China has smashed the national record no fewer than four times, culminating in Jiangsu Suning's 50-million-euro purchase of Alex Teixeira .
The hiring of top players for outlandish sums has suddenly put the Chinese Super League on the map.
China's spending in the January-February window outstripped the EPL's 253-million-euro outlay in January, according to figures compiled by industry website Transfermarkt.
It was also more than the next four major European championships combined – Italy's Serie A, the German Bundesliga, the Primera Division in Spain and France's Ligue 1, Transfermarkt said.