Sunday, October 3, 2010

FIFA will rule players transactions

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FIFA implemented a new electronic system to try to eradicate money laundering and other forms of corruption in the multimillion dollar football transfer market.

"This is a historic moment for football,''said FIFA president Joseph Blatter, said AP.

The new system will be required from the Friday to the 3,500 professional football clubs in nearly 150 countries, after decades of poor supervision that led some officers are "owners''of their customers and control their destinies, illegal payoffs from teams and companies, and even money laundering through fictitious players.

The concept of supervision is relatively simple: the clubs registered with the Internet network are required to submit details of any transaction of a player and go to some proof of payment system, the identification of agents involved and other documents to confirm the new employer.

The FIFA officials declined to say how many researchers will be assigned to review the transfers, but insisted that there will be severe penalties for clubs that violate the regulations, from warnings and fines to the deduction of points or even a ban on transfers.

"You can not cheat on an electronic system,''said FIFA's legal adviser, Marco Villiger.

If the buyer and the seller provide different information, the player can not switch teams. All agreements have to be ready before it closes the transfer market, and FIFA created an electronic clock to avoid ambiguity about agreements like the last second he sent to Andrei Arshavin to Arsenal last year.

The world football governing body has been trying to implement an effective way to monitor and regulate the transfer of players, and eliminate the flood of documents faxed clubs with details of the arrangements, sometimes with different information.

The network was put online in 2007 and most clubs have used in the past two transfer markets. Beginning Friday, all teams are required to enter the details for each player sold or bought in an international agreement, or transaction will be blocked.

Third parties who are owners''of players will have less power, and individuals like the businessman Kia Joorabchian, who controlled the rights of Argentines Carlos Tevez and Javier Mascherano, and a transfer can not stop waiting for compensation.

In addition, any transfer of a player under 18 need parental approval.

The head of FIFA's anti-corruption program, Mark Goddard, said the new system stopped the market lower in the South American football.

"The clubs said 'this is very difficult, there are too many requirements,''' he said.


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