"Well, this is not going to happen anymore as far as training compensation is concerned but also, as a next step, as far as all transfer payments are concerned. "Whenever you deal with transfers of players, whenever some police authorities go and dig into transfers they find some strange payments to some strange places linked and connected with transfers," said Infantino. The creation of the clearing house is the latest step in FIFA's effort to reform the way transfers are conducted and ensure money is not redirected outside the sport. Infantino said only $60 million to $70 million of the estimated $400 million owed to clubs who have developed players for the professional game reaches the relevant parties. "This will bring finally some transparency and accountability in the whole transfer market." "This will change the lives of these small clubs because it's big, big money, and it's due, and we're very proud to do this," said Infantino. Infantino, speaking after Saturday's FIFA Council meeting in Auckland, said the new Paris-based entity would focus on ensuring smaller clubs receive the compensation owed for developing players before tackling the broader market. FIFA president Gianni Infantino said creating a centralised clearing house will bring "transparency and accountability" as the sport's governing body looks to crack down on the multi-billion dollar global transfer market, APA reports citing Sports Star.
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