FIFA approves new rules regarding player transfers

A Spanish report revealed that the International Federation of Football Associations (FIFA) has approved new policies and regulations for player transfers, aimed at regulating transfers and limiting the power of agents who earn a lot of money for completing each deal.

The newspaper “Sport” reported that the Spanish Football Federation held a conference in order to inform its clubs and players’ agents of the new policies approved by FIFA regarding player transfers.

Among these regulations, the club – which supervised the training of a player in its academy from the age of 12 – is entitled to obtain a fee whenever he moves to another club. “Sport” indicated that this case applied to Pedro Rodriguez, who revives – with every transfer – the treasury of his first club, Raki San Isidro, with money.

The newspaper indicated that FIFA began regulating the player transfer process since 1992, when it established the first “strict” regulations in this regard. Since that time, this process has witnessed many shifts between interest and neglect, until the International Federation decided to organize it once and for all, as the new policies were approved on January 7, 2023, and entered into force two days later.

In order to ensure that the process proceeds properly, FIFA has established a bank based in France, through which every transfer will be organized, and all items will be verified in an orderly and transparent manner.

This bank will be directly responsible for transferring the amounts to all parties: the player, clubs and agents, and ensuring that they reach them

FIFA seeks to stimulate the development of young players, prevent abuses against them, ensure quality services, avoid conflicts of interest and protect young players.

FIFA had recently confirmed that the volume of spending on deals in 2022 amounted to 6.5 billion dollars, an increase of 33.5% compared to 2021.