Club suspends Iniesta’s move to China

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Andres Iniesta’s potential move to Chinese Super League side Chongqing Lifan has been put on hold after the club said it would not pay the FC Barcelona playmaker a salary that would distort the market.

The 33-year-old Barca captain said in April he would leave the club he joined as a 12-year-old in the summer, with media reports suggesting he would be moving to Chongqing.

In a statement on social network Weibo on Friday, the Chinese side’s president Jiang Lizhang said they were working with Iniesta in areas including marketing and youth education.

He however added that there was no deal for him to play.

Chongqing said they would adhere to rational investment and follow rules set by the government-controlled Chinese Football Association, which includes a salary cap.

Spanish reports had indicated Iniesta was close to agreeing a three-year deal with Chongqing, worth 81 million euros ($97 million).

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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