Interview: Small clubs will have their “lives changed” by hundreds of millions via FIFA’s new clearing house. Its architect tells us how it will work
Alamy
FIFA’s new Clearing House, which goes live today, will put hundreds of millions into the pockets of small clubs and “change their lives”.
In an exclusive interview FIFA’s chief legal and compliance officer, Emilio Garcia, says that just 20 per cent of $400 million in due training and solidarity payments currently ends up in the hands of clubs. This will change.
Why it matters: One of Gianni Infantino’s big reforms as FIFA President has been cleaning up the transfer market. The inception of the clearing house will go a long way to ensuring that
The perspective: Infantino has previously hinted that the transfer market is rife with possibly criminal abuse – which FIFA will stop: “Payments to strange bank accounts, strange countries will not be tolerated any more.”
15 November 2022 - 3:47 PM
In an office in Rue Royale in Paris today, one of the most important reforms in the history of the transfer market goes live. It is a quiet step – mostly occurring without the glare of the media – that FIFA say will bring “transparency and accountability” to the transfer system as well as hundreds of millions of dollars each year to primarily smaller clubs.
FIFA Clearing House Regulations come into force, which the world governing body say is a
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