Worldwide spending on commissions to agents involved in the international transfers of players has reached a record high of $653.9 million (£509.66 million) this year, soccer’s governing body FIFA said in a report published on Wednesday.
The banned former UEFA president and France football legend Michel Platini has been detained in connection with a criminal investigation into alleged corruption relating to FIFA’s decision to host the 2022 World Cup in Qatar, French justice sources confirmed.
Chelsea’s appeal to FIFA against the imposition of a two-window transfer ban was rejected, meaning that the club will take its case to the Court of Arbitration for Sport (CAS) in the hope of having the sanction reduced or overturned.
Manchester City will be banned by FIFA from making signings in the next two transfer windows after it broke rules related to the protection of youth players and third-party ownership, according to a report in the Sun newspaper.
FIFA said that soccer clubs around the world, many of them small ones in Latin America and Africa, are missing out on so-called transfer compensation of around $300 million (£233 million) for raising young players who go on to enjoy successful careers in Europe.