More Than 5,000 Clubs Around The World Receive A Total Of 125 Million Dollars From Player Transfers

JAKARTA - FIFA said on Wednesday, November 20, 2024, local time that football clubs around the world had received 125 million US dollars from the transfer of their former players.

The money was channeled through the FIFA financial institution in Paris, FIFA Clearing House.

There are still nearly 200 million US dollars in arrears. Another 31.7 million US dollars have been approved, but have not been sent.

The payments were allocated to more than 5,000 grassroots and professional clubs.

FIFA published an update on the two-year job by the clearing agency, which began in November 2022 to provide more transparency to the multibillion dollar transfer industry which is often unclear.

The agency is also trying to ensure smaller clubs get the cash they have right to the sale of the players they foster.

When Moises Caicedo made a record-breaking transfer in England from Brighton to Chelsea last year, his former club in Ecuador earned millions of dollars from a 115 million US dollar deal.

"The money distributed by FIFA is a dream," said Espoli CD (former club Caicedo) president Lenin Bolanos, in a FIFA report.

Lenin Bolanos further said that the money would be used to realize plans to pay for training places, medical clinics, and fitness centers.

Some parts of FIFA's transfer market rules that have been in effect since 2001 are being reviewed following a European court ruling last month in a case filed by former French midfielder Lassana Diara.

The existing FIFA system gives former club players the right to train them between the ages of 12 and 21 to share up to 5 percent of future transfer fees.

However, clubs often do not realize that transfers have been made or do not have the expertise or resources to file claims.

Now, the online process is managed by FIFA financial institutions that notify shoppers about the approved payments must be made within 30 days.

The richest buying market, UK and Saudi Arabia, has paid the most in what FIFA says is called a "training and training prize".

Each earned 50.1 million US dollars (from the UK) and 18.7 million US dollars (from Saudi Arabia) in the last two years.

The top clean recipients are clubs in the Netherlands (8.7 million US dollars), France (7.8 million US dollars), and Argentina (7.1 million US dollars).

Salah satu alasan penumpuan uang yang menjadi hak mantan klub tersebut dan menjadi utang adalah bahwa klub-klub tidak mematuhi sistem tersebut.

Currently, at least 1,600 clubs in more than 100 countries have been accredited. They must comply with the FIFA transfer system.

"There are still important challenges ahead and areas for improvement," said FIFA's Head of Legal Division, Emilio Garcia, in the 52-page report.