FIFA agrees the principles of a transfer market reform - Betting News | Sports News | Casinos News | Gaming Reviews

FIFA agrees the principles of a transfer market reform

The FIFA Council agreed on Friday the recommendations of a working group to lead to a reform of the transfer market, including the reinstatement of a player’s license and limit the lending of players.

These proposals put forward in September in London at a meeting of the “commission partners”, bringing together all players in football and chaired by the Canadian Victor Montagliani, should be the basis for this reform of the transfer market.

A subcommittee in charge of making concrete proposals in connection with the European Club Association (ECA), the World Leagues Forum (WLF), the FifPro players’ union, as well as the federations, confederations and FIFA, will have to present its work in February 2019.

“It is the responsibility of all of us to tackle the transfer system.” FIFA president Gianni Infantino said in a speech at the press conference in the Rwandan capital.

“We have to come up with some positive solutions for agents, transfer regulations, for loans and transfer windows, (salary) caps and all these items which are somewhere in the air but which have never been addressed in a significant way.” Infantino continued.

These recommendations provide for the introduction of a licensing and examination bylaw. Since 2015, agent licenses no longer exist, having given way to an intermediary registration system.

They also validate the principle of creating a clearing house, managed by a bank, and responsible for collecting and transferring to training clubs the training allowances deducted from each transfer.

The limitation of player loans is also among these proposals, but no figure has been decided, FIFA considering a maximum of 6 players lent by each club, which is not unanimous.

FIFA president Gianni Infantino calls for more regulation in the activities of agents and intermediaries. (Source:www.crimerussia.com)

Another principle adopted is the extension of the solidarity contribution to domestic transfers on foreign players. This contribution is an amount paid by the acquiring club to the clubs that took part in the player’s training.

Later, the 48-year-old FIFA president also called for more regulation in the activities of agents and intermediaries.

“I think the rise of commissions paid to agents has taken a worrying direction. And many agents agree with me and would like more oversight.” Infantino said.

“It’s also question of football’s ecosystem, today there are no rules in place. Anyone can do what he wants. But the reality shows us that there are risks of bribery, corruption and money laundering. It’s not me saying it: there are many reports from government authorities that show this is the case.” he added.

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