As featured on NewsNow: Football news

Southampton, West Brom face transfer spending hauled back

English clubs in the hands of Chinese owners face new spending concerns.

The Sun says spending power of Chinese-owned football clubs in the UK will be weakened in light of new directives coming out of Beijing.

That means fans of Southampton, West Brom, Aston Villa and Birmingham, who were expecting to see some lavish spending, will have to think again.

The Chinese government has decided to crack down on overseas investment as it tries to keep state-earned cash in the country.

And that is bad news for fans of a whole host of clubs who have recently been taken over by Far East investment.

Another team who have already been splashing the cash as a result of a takeover by Fosun is Championship outfit Wolves.

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