Live broadcast, February 28th, Xinjiang men’s basketball announced that it would never accept the penalty decision of the Basketball Association and decided to withdraw from this season’s competition! Exit CBA!
Among them, Xinjiang men’s basketball described the capital situation of the team in detail in the announcement, as follows:
My club’s capital transactions are legal and compliant. Apart from normal competition fees, CBA alliance has no improper and non-compliant financial transactions with our club and new company. Individual media reported that “there are capital transactions between our club’s affiliates and CBA Alliance”, which is actually the participation fee normally paid by CBA alliance in accordance with regulations.
About paying coaches, athletes and staff in full and on time. Since our club was established in 1999, it has never defaulted on the salaries, bonuses and other incomes of coaches, athletes and staff. Take the player Zhou Qi as an example. In the two seasons of 2019-2020 and 2020-2021 (that is, before the salary limit of CBA League), our club paid 49516031.52 yuan for Zhou Qi in total, including 39888888.30 yuan for fixed salary; the total personal expenses such as the winning fee and the purchase of its designated US imported nutrition products are 9627143.22 yuan. The above fees are paid in full and on time. Later, Zhou Qi proposed arbitration to CBA alliance in an attempt to change the normal transfer conditions and change the transfer fee between clubs into a huge signature fee for individuals. After arbitration, Zhou Qi’s appeal was rejected.
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Xinjiang men’s basketball and Zhou Qi’s entanglement