ZURICH (AP) — FIFA believes it can direct up to $400 million each year toward clubs worldwide entitled to a share of transfer fees paid for their former players.
FIFA says a key part of intended transfer market reforms will “ensure clubs are adequately rewarded for training players.”
Since current transfer rules were updated in 2001, clubs have been due training compensation and solidarity payments from transfers paid in the careers of players they helped nurture.
FIFA acknowledges the “overly complicated and burdensome” system of calculating payments is understood by too few clubs.
Most Read Sports Stories
- Pittsburgh LB and team captain Cam Bright announces graduate transfer to UW Huskies
- John Stockton’s defiance of COVID-19 mask mandate forces Gonzaga to suspend Hall of Famer’s season tickets
- Key dates to keep in mind as the Seahawks navigate the offseason
- Former Hungarian Olympic gymnastic champion dies after COVID infection
- Nothing goes right for UW Huskies men in blowout loss to Oregon
A clearing house will aim to process transfer payments more efficiently.
FIFA research suggests tens of millions of dollars were paid to clubs last year instead of their entitlement of at least $350 million.
More AP soccer: https://apnews.com/apf-Soccer and https://twitter.com/AP_Sports