Soccer-Infantino: Clearing house will bring transparency to transfer market

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

(Reuters) - FIFA president Gianni Infantino said the creation of a centralised clearing house will bring 'transparency and accountability' as the sport's governing body looks to crack down on the multi-billion dollar global transfer market.Infantino, speaking after Saturday's FIFA Council meeting in Auckl

- FIFA president Gianni Infantino said the creation of a centralised clearing house will bring"transparency and accountability" as the sport's governing body looks to crack down on the multi-billion dollar global transfer market.

"This will change the lives of these small clubs because it's big, big money and it's due and we're very proud to do this," said Infantino.Infantino said only $60 million to $70 million of the estimated $400 million owed to clubs who have developed players for the professional game reaches the relevant parties.

"Whenever you deal with transfers of players, whenever some police authorities go and dig into transfers they find some strange payments to some strange places linked and connected with transfers," said Infantino. "Payments to the agents and payments from one club to another club, all this will be processed through this FIFA clearing house.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines