rooster59 Posted February 17, 2019 Share Posted February 17, 2019 Small clubs missing out around $300 million for nurturing young players - FIFA By Brian Homewood Soccer Football - FIFA President Gianni Infantino Media Briefing - Shangri-La Bosphorus Hotel, Istanbul, Turkey - February 15, 2019 FIFA President Gianni Infantino during a media briefing REUTERS/Murad Sezer ZURICH (Reuters) - FIFA says that soccer clubs around the world, many of them small ones in Latin America and Africa, are missing out on so-called transfer compensation of around $300 million (233 million pounds) for raising young players who go on to enjoy successful careers in Europe. Under FIFA rules, the club where a player began his career is supposed to receive a percentage of the fee every time he is subsequently involved in an international transfer. Many of the world's top players began their careers at small clubs where even a few thousand dollars could be useful. However, poor record-keeping and the fact that payments are not automatic meant that clubs often missed out. Another problem is that the amounts have not changed since 2001. "There is around $300 million that somehow has not made it to the clubs who have trained the players," Kimberly Morris, a FIFA official who oversees the transfer system, said during a football law conference on Friday. "We know the system is too complicated, we know there is a poor record of the history of many players." The head of the umbrella organisation for Cameroon's first division clubs told the conference that payments could often take years. "Procedures are too long and there is no penalty when payment is late," said Franck Happi. "We can wait two years to receive 5,000 euros." FIFA is currently working on wide-ranging reforms to the transfer system and has said that one of the aims is to improve so-called training compensation and solidarity payments. The policy-making FIFA Council has already approved the creation of a clearing house to process international transfers. It says this will centralise and simplify the payments associated with transfers such as solidarity, training compensation, agents’ commissions. Giancarlo Dapoto, FIFA's head of professional football, said the amount paid in training compensation was dwarfed by the money paid in agents' fees. Last year, $548 million was paid on agents commission from international transfers, compared to $90 million to clubs in training compensation, he said. "There are issues with the current system that needs to be renewed to find a simpler framework and ensure the mechanism is effective," he said. -- © Copyright Reuters 2019-02-17 Link to comment Share on other sites More sharing options...
Ulic Posted February 17, 2019 Share Posted February 17, 2019 Considering FIFA make around 5 billion each WC and have billions in the bank they can make the payments. Link to comment Share on other sites More sharing options...
Bredbury Blue Posted February 17, 2019 Share Posted February 17, 2019 How long till City get blamed on here ???? Link to comment Share on other sites More sharing options...
champers Posted February 19, 2019 Share Posted February 19, 2019 On 2/17/2019 at 8:16 PM, Bredbury Blue said: How long till City get blamed on here ???? Why? What have they been up to? Link to comment Share on other sites More sharing options...
Bredbury Blue Posted February 19, 2019 Share Posted February 19, 2019 45 minutes ago, champers said: Why? What have they been up to? Nothing but that doesn't stop the usual suspects on here does it. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.