Goalkeeper

1 May 2024 - 2:32 PM

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IMAGO | FIFA’s 16 month old Clearing House face huge problems with processing "training rewards" to clubs worldwide

Exclusive: $140 million of transfer fees “stuck” in FIFA’s Clearing House

  • FIFA’s Clearing House was supposed to revolutionise the distribution of transfer fees, but 16 months into operation huge payment backlogs and administrative problems clog the system.
  • A FIFA official confirmed in February that just $20 million out of $170 million “training rewards” had been fully processed. Off The Pitch understands up to $140 million of “training rewards” remain owed to clubs.
  • Why it matters: With the business models of many clubs reliant on transfer fees and training rewards, such administrative problems pose an existential threat.
  • The perspective: Despite the bureaucratic problems and delays encountered with the FCH, clubs remain supportive of the idea, while FIFA insists things are getting better.

Up to $140 million of transfer remittances have been held up in the FIFA Clearing House (FCH) due to an array of problems, with some clubs left waiting more than a year for transfer funds to clear.

Multiple club executives have contacted Off The Pitch about their frustrations with the new system and spoken of delays in not just receiving transfer remittances but also their ability to pay parts of transfer fees

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