Chinese clubs wind up record spending spree

Feb 27, 2016, 10:52 IST | AFP

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.

Alex Teixeira
Alex Teixeira

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.

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