FIFA and its president, Gianni Infantino are planning to push for significant changes to. Soccer’s multibillion-dollar. player trading business, changes that would limit the prices. Teams could pay for players and diminish the increasingly powerful role agents play in the market.
The proposals, detailed in an internal FIFA report created at Infantino’s behest. Would represent the biggest overhaul of the transfer system since its inception.
Infantino had vowed to take on the transfer market — a chaotic world in which clubs and agents broker transfers. With whispered rumors. Secret promises and hidden fees — after he was elected two years ago. He convened the FIFA task force that created the report to address a series of issues. Including the spiraling costs associated with contracting top players; concerns about the behavior of agents in the process; and growing numbers of stories about dubious financial practices in a global transfer market worth about $6.5 billion a year.
The proposed changes may set up yet another showdown between Infantino and some of soccer’s richest clubs and leagues. Which pushed back this year against his $25 billion plan to remake. The club World Cup and which see few problems with the status quo.
The proposal which was circulated to key stakeholders and obtained. By The New York Times, includes plans for a new central clearinghouse that would be responsibl. For processing payments for all cross-border transfers, including commissions paid to agents. Those fees could be. Capped at 5 percent of a player’s total salary, or of the transfer fee.
Remake Soccer Transfer Market
But the most eye-catching changes, and potentially the most significant ones. Could be those seeking to limit how much clubs would be allowed to spend for players. A figure that reached a record in 2017 when the French champion Paris St.-Germain paid a record $262 million for the Brazilian forward Neymar.
Proposals under consideration include using an algorithm to benchmark a player’s price and a system to punish clubs. That surpass it with a form of luxury tax shared with the player’s previous clubs. The FIFA committee also raised the possibility of salary caps based on a percentage of a team’s. Revenue as a mechanism to prevent teams from falling into financial difficulty. And the insertion of fixed buyout clauses in the contracts of professional players. Similar to those in place in countries like Spain and Portugal.
It was not clear how much support FIFA would have for any of the proposals.
Days after Neymar’s move more than doubled the world transfer. Record Manchester United had set a year earlier. A top executive at United told the club’s shareholders. On a conference call, “As an industry and a market, we don’t think it has major issues.”