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Friday, Sep. 23, 2011

FIFA eyes online transfer system

AP

BRUSSELS — FIFA wants to set up a transfer system that would function as a financial clearinghouse for all international player transactions and limit the role of agents.

FIFA legal director Marco Villiger said Wednesday the web-based system would allow FIFA to check every international transfer payment. In time, the system could also function as a resource for clubs to see which players are on the market.

The governing body already set up an online database last year to match transfer documents from clubs involved in a transaction, a first step in curbing financial corruption and stopping cross-border deals involving minors.



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