French club SC Malesherbois have received a payment from the FIFA Clearing House worth more than their annual budget for their role in developing a player sold to a top European club, world soccer's governing body said on Tuesday. FIFA's centralised clearing house was launched in November last year with th
French club SC Malesherbois have received a payment from the FIFA Clearing House worth more than their annual budget for their role in developing a player sold to a top European club, world soccer's governing body said on Tuesday.
The Paris-based entity focuses on ensuring smaller clubs receive compensation owed for developing players before tackling the broader market. "The payment is in excess of the French club's annual budget and represents the largest amount it has received for training a player to date, with similar payments expected from future instalments related to this transfer."
FIFA added that it has generated nearly 7,300 electronic player passports since November and that allocation statements worth 18 million dollars had already been shared with the clearing house.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
French amateur club land 160,000 euro windfall from FIFA clearing house paymentFrench club SC Malesherbois have received a payment from the FIFA Clearing House worth more than their annual budget for their role in developing a player sold to a top European club, world soccer's governing body said on Tuesday.FIFA's centralised clearing house was launched in November last year with th
Read more »
Another Grand Slam final lost, but Ruud hopes he won respect at French OpenPARIS : Casper Ruud has now lost the three Grand Slam finals he has played, but the Norwegian believes he has earned something at the French Open this year - the respect of his peers.Ruud lost 7-6(1) 6-3 7-5 against Novak Djokovic in his second straight final at Roland Garros on Sunday as the Serbian clai
Read more »
French company Mistral AI raises 105 million euros shortly after being set upPARIS : French technology and artificial intelligence company Mistral AI has raised 105 million euros ($113.4 million) just a month after being set up, said junior government minister Jean-Noel Barrot, as France seeks to grow its presence as a global tech hub.'Bravo to the start-up Mistral AI which has ra
Read more »
David Ferrer: Casper Ruud is not the “bad version” of the Spaniard for French Open 2023 lossDavid Ferrer defends Casper Ruud against comparisons to himself after Ruud's loss in the French Open 2023 final. Ruud has finished as a Grand Slam runner-up three times.
Read more »
Djokovic cements status in GOAT debate after scaling men's Grand Slam peakPARIS - If the debate about the best-ever man to wield a tennis racket came down to statistics alone, Novak Djokovic's status as the GOAT (Greatest Of All Time) would already be decided after he clinched a 23rd Grand Slam title at the French Open on Sunday. (June 11) The Serb beat Casper Ruud 7-6(1) 6-3 7-5 to eclipse Rafa...
Read more »
Djokovic cements status in GOAT debate after scaling men's Grand Slam peakPARIS : If the debate about the best-ever man to wield a tennis racket came down to statistics alone, Novak Djokovic's status as the GOAT (Greatest Of All Time) would already be decided after he clinched a 23rd Grand Slam title at the French Open on Sunday. The Serb beat Casper Ruud 7-6(1) 6-3 7-5 to ecli
Read more »