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Chinese Football Association risks ‘losing control’ if Cedric Bakambu transfer tax controversy is swept under the rug
Millions of dollars at stake as Beijing Guoan yet to officially announce if striker has signed despite fact he has already played and scored for club
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Cedric Bakambu’s protracted €40 million (US$49.6 million) move from Villarreal to Beijing Guoan is a litmus test of Chinese football’s 100 per cent transfer tax and could have ramifications from Spain to England and beyond.
Two weeks after the French-born Congolese striker declared he was leaving La Liga for the riches of the Chinese Super League (CSL), Guoan have yet to officially announce his signature and the deal is mired in uncertainty and confusion.
Experts and Chinese media say the club is likely in talks with the Chinese Football Association (CFA) about pushing the transfer through without having to pay the CFA’s punishing levy.
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In May last year, the CFA, worried about an influx of well-paid foreigners, said it would slap a 100 per cent tax on incoming transfers worth over 45 million yuan (US$7 million).
The surcharge would supposedly go into a fund for improving grass roots football in China.
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