International

FIFA transfers cost $4bn

2015-01-14 07:15
(File)

Zurich - FIFA's transfer monitoring subsidiary processed $4.1bn worth of cross-border player deals in 2014, with England the biggest spender.

Transfer matching system director Mark Goddard says English clubs spent $1.2bn on importing players last year.

Goddard says clubs worldwide paid agents and other player representatives $236m in commission from transfers involving players who moved between different countries.

The FIFA system approves cross-border transfers only when both clubs have input mandatory and matching financial details.

Goddard says FIFA handled 1 793 requests from clubs seeking exemptions to sign youth players from abroad.

Rules on transferring minors were highlighted when FIFA blocked Barcelona from signing any players for one year for violations.

Goddard says the Barcelona players "were not in the system," forcing FIFA to act.

Read more on:    fifa  |  switzerland  |  soccer
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