Football clubs worldwide have been paid $125 million in money owed to them from transfers of their former players, FIFA said on Wednesday, with money routed via its finance house in Paris, and there’s a backlog of another almost $200 million.
A further $31.7 million has been agreed but not yet sent.
When Moisés Caicedo made a British transfer record move from Brighton to Chelsea last year, his former clubs in Ecuador were entitled to share millions of dollars from the £115 million ($145 million) deal.
The money routed by FIFA “was a dream,” the president of CD Espoli, Lenín Bolaños, said in the FIFA report, with plans to pay for a practice ground, medical clinic and a gym.
Some parts of the FIFA transfer market rules in place since 2001 are under review after a European court ruling last month in a case brought by former France midfielder Lassana Diarra.
The existing FIFA system entitles players’ former clubs who trained them between the ages of 12 and 21 to share up to 5% of a future transfer fee.
However, clubs often were unaware a transfer had gone through or did not have the expertise or resources to pursue a claim. Now the online process is managed by the FIFA finance house which notifies buying clubs of approved payments that must be made within 30 days.
The wealthiest buying markets, England and Saudi Arabia, have paid the most in so-called “training rewards” FIFA said — $50.1 million and $18.7 million, respectively, in the past two years.
The leading net recipients have been clubs in Netherlands ($8.7 million), France ($7.8 million) and Argentina ($7.1 million).
“There are still important challenges ahead and areas for improvement,” FIFA chief legal officer Emilio García said in the 52-page report.
Credit : www.espn.co.uk
