FIFA Unveils Financial Milestone in Global Player Transfers

FIFA announced that $125 million has been distributed to soccer clubs worldwide, a sum owed for player transfers. Managed via a finance house in Paris, a backlog of $200 million remains. Over 5,000 clubs benefit from the FIFA Clearing House established to ensure transparency and fair distribution in the transfer industry.

FIFA has revealed that it has dispersed $125 million to soccer clubs globally, settling debts for player transfers through its Paris-based finance house. Despite this significant payout, a backlog of nearly $200 million persists, earmarked for teams owed money through transfer dealings.

The FIFA Clearing House, which started operations in November 2022, administers these payments to over 5,000 grassroots and professional clubs. This initiative aims to bring much-needed transparency to the complex world of player transfers while ensuring smaller clubs receive due compensation for the players they have developed.

A notable example of this is the case of Moisés Caicedo's record transfer from Brighton to Chelsea, where his former clubs in Ecuador benefited from a cut of the substantial fee. Despite these advancements, FIFA acknowledges ongoing challenges in its system, as indicated in a comprehensive report, and continues to seek improvements.

(With inputs from agencies.)