Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


FIFA transfers cost $4bn

14 January 2015, 06:59

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.

Also Read: FIFA finds piece of maiden W/Cup

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.

- AP


Read News24’s Comments Policy

Comment on this story
1 comment
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...