Financial Fair Play Rules of Premier League: Content, Function and Enlightenment

With the serious losses of the clubs of the English Football Association Super League (Premier League), the Premier League has implemented the club's financial fairness policy since 2013.The core measures are the profit and sustainability rules and short-term cost control rules, which made the excessive salary growth of Premier League players alleviated, and the management and the financial situation of the clubs improved.At present, there is a serious financial crisis in Chinese professional football, which greatly affects the stability of club operation and the healthy development of the league.Drawing on the experience from Premier League in UK, some measures should be taken for the Chinese Football Association: ① The policy of "transfer adjustment fee" should be canceled; ②The club's loss limit should be implemented with a hierarchical system; ③The player's salary and expenditure form and the club's income and expenditure should be strictly defined; ④The corresponding supporting measures should be improved.And it needs to formulate the club's financial fair competition rules as soon as possible to promote the healthy development of Chinese professional football.