- 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.