MOSCOW, Oct 22 International Football Federation (FIFA) President Gianni Infantino announced the creation of a FIFA clearinghouse responsible for monitoring the transparency of payments during transfers between clubs is reported on the official website of the organization. The FIFA clearinghouse will centralize, process and automate payments between clubs, starting with payments for the education of players. This body will monitor the transparency of international transfers. The organization estimates that training clubs will receive about $400 million per season through the clearing house, five times more than the current situation. «These rules send a clear signal for international transfer reform. FIFA is committed to protecting the integrity of the game and ensuring the smooth functioning of football pyramid in the spirit of solidarity and transparency. Football needs to create a transfer system that is based on accountability and promotes a fair redistribution at all levels of the game,» said Infantino.
