Australia moves to toward launch of domestic transfer market

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SYDNEY (Reuters) - Football Australia on Thursday launched plans for a domestic transfer system in an effort to boost the sport's finances by securing a slice of a global transfer market which generated more than $7 billion last year.

"The absence of a domestic transfer system has meant that Australian football has been unable to fully integrate into world football by embedding itself in the global football market, which has led to lost economic and sporting opportunities for our game over many years," said Football Australia Chief Executive James Johnson.

"This low figure received by Australian clubs is in stark contrast to many nations of a similar or lower international ranking than our national teams, and to many countries with significantly smaller populations than Australia. The move comes less than a week after Football Australia announced the country’s professional leagues, including the A-League, would become self-governing as the structures around the sport in Australia evolve.

 

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