Home' Trinidad and Tobago Guardian : January 30th 2014 Contents A65
Thursday, January 30, 2014 www.guardian.co.tt Guardian
GENEVA---Just five football clubs spent
almost a quarter of the US$3.7 billion
splurged on international transfer deals
processed by Fifa in 2013.
Monaco, Paris Saint-Germain, Manchester
City, Tottenham and Real Madrid spent
US$828 million in cross-border trades,
according to figures published yesterday by
Fifa which clears such deals only when both
clubs involved file mandatory financial details.
The market peaked with Madrid s world
record €100 million (US$132 million) buy of
Gareth Bale from Tottenham last August.
"There are just a very few clubs making
very big moves and that is skewing the mar-
ket, but the rest of the market is very stable,"
Mark Goddard, general manager of Fifa
Transfer Matching System (TMS), told
Global spending rose 41 per cent year-on-
year according to the annual TMS report,
which excludes deals between two clubs in
the same country.
Fifa presented the figures after the inter-
national players union FIFPro this month
pledged to legally challenge the entire transfer
system as a restraint of labour freedom.
A Fifa-funded research centre in Switzer-
land also questioned this week if more trading
was good for European football, which paid
90 per cent of transfer fees recorded by Fifa.
"The cloud of economic stakes that hangs
over sporting logics is flagrant in many clubs
and countries," reported the CIES Football
Observatory based in Neuchatel, noting a
"trend that is difficult to understand."
Fifa s report offered no opinion on the
multi-billion dollar market, though cited
three main reasons for the spending rise:
so-called "super-clubs," the English Pre-
mier League s spiraling broadcast rights
value and high turnover of coaches at lead-
Monaco s lavish spending---including on
Colombia forward Radamel Falcao---followed
a takeover by Russian billionaire Dmitry
Rybolovlev, while PSG and Man City are
backed by the Qatar and Abu Dhabi ruling
Tottenham reinvested after selling Wales
winger Bale, while Madrid s commercial
income of US$703 million last season led all
clubs for a ninth year.
England was runaway leader in the league
table of nations by net spending in interna-
tional transfers, Fifa said.
English clubs spent US$613 million more
than they received, followed by Turkish clubs
net deficit of US$134 million.
Agents and intermediaries got $74 million
from English clubs, and took US$216 million
in total worldwide. That increased by US$50
million, or 30 per cent, on Fifa s 2012 research.
Earnings of agents acting for players are
not logged by the Fifa transfer system.
Despite the Bale deal and Barcelona s
reported US$74 million fee for Brazil star
Neymar from Santos, Spanish clubs topped
the net earners in 2013.
Spain collectively received US$246 million
more than it spent---boosted by Falcao s move
from Atletico Madrid for a reported US$78
million. Clubs in Brazil earned US$239 million
and Portuguese clubs got US$219 million
Cracking down on suspected money laun-
dering and ensuring greater transparency in
the transfer market was part of Fifa s stated
goal when it made transfer matching manda-
tory in 2010, and clubs can be disciplined
However, he declined comment on dis-
puted details of Neymar s transfer which
forced Barcelona president Sandro Rosell to
resign last week.
A Barcelona club member alleges Rosell
used false contracts to hide the true value,
up to US$129 million, of the deal which
involved three other companies owning shares
in Neymar s economic rights.
Fifa is weighing rules to restrict so-called
"Third Party Ownership" after UEFA
demanded action against a practice banned
in some countries, including England.
Other figures released by Fifa include:
• Nine countries accounted for US$3 billion
in spending; 14 more---including Brazil, the
United States and Qatar---spent a further
US$516 million; the remaining US$115 million
was spent by 116 countries.
• 41 Fifa member countries were not
involved in any international transfers.
• Of 12,309 transfers processed (up four
per cent), only 1,628 involved a fee. Out-of-
contract players made up 69 per cent of
• Brazil was the busiest country: 1,558
transfers involving Brazilian players and 1,402
involved Brazilian clubs.
• Clubs in Qatar, the United Arab Emirates
and Saudi Arabia combined for net spending
of $110m, mostly on players near the end of
• Libyan clubs signed 107 players from
overseas, many returning home after political
Fifa: US$3.7b trade market
skewed by five clubs
Real Madrid's Cristiano Ronaldo, right, talks with teammate Gareth Bale, left, during their
La Liga soccer match against Betis at the Benito Villamarin stadium, in Seville, Spain on
Saturday. Bale costs Madrid a world record €100 million (US$132 million). AP PHOTO
PARIS---Paris Saint-Germain has signed mid-
fielder Yohan Cabaye from Newcastle on a three-
and-a-half year deal yesterday, the latest step
in the ambitious French club s bid to become
one of Europe s biggest teams.
PSG presented Cabaye at a news conference
on Wednesday. No financial details were given
by the club, but the 28-year-old Cabaye reportedly
cost €20 million ($27.3 million) with an additional
€5 million ($6.8 million) in bonuses.
Cabaye is renowned for his outstanding shooting
from distance and is a free kick specialist, giving
PSG that extra bit of firepower that it lacked in
a workmanlike midfield featuring ball-winners
Blaise Matuidi and Thiago Motta.
He scored seven goals in 19 league games for
Newcastle this season after missing the start of
the campaign as he tried to force a move through
to English Premier League leaders Arsenal.
Cabaye, who has 26 appearances for France,
will be reunited with PSG boss Laurent Blanc,
the former French coach who called him up to
the national team in 2010. Cabaye went on to
become a key player under Blanc and scored
against Ukraine at the 2012 European Champi-
He is also eligible for the Champions League,
giving PSG an even stronger look as it prepares
to face Bayer Leverkusen next month as the knock-
out rounds get underway.
Since Qatari backers QSI took charge in May,
2011, PSG already has bought four players costing
more than €40 million ($55 million) each---Brazil
captain Thiago Silva, Argentina midfielder Javier
Pastore---the club s first marquee signing who
has since fallen out of favor---Brazil winger Lucas
and Uruguay forward Edinson Cavani.
PSG is trying to improve its global brand but
also to give the club more of a French feel, having
previously tried to lure coach Arsene Wenger
away from Arsenal, and Cabaye s signing is an
important step in that sense.
LONDON---Manchester City lost more than $85
million in a year, exceeding the amount allowed
under UEFA s Financial Fair Play rules.
The Abu Dhabi-owned team announced yes-
terday that it lost 149.5 million pounds ($248
million) between 2011 and 2013, the first FFP
monitoring period, as it spent heavily to transform
the club into a European power.
UEFA is only allowing losses of up to 45 million
euros ($62 million) in that two-year period. Clubs
exceeding that amount risk being sanctioned,
and could be banned from playing in Europe.
There isn t a single mention of FFP compliance
in the annual report that was released Wednes-
To comply with FFP, City could point to its
spending on infrastructure, the cost of long-term
player contracts, and losses coming down.
After losing 97.9 million pounds ($162 million)
in 2011-12, City posed a loss of 51.6 million pounds
($85 million) in 2012-13 and revealed that net
spending since then in the summer transfer win-
dow was 84.1 million pounds ($139 million).
The 2012-13 losses would have been more than
the previous year had City not generated 47 million
pounds ($78 million) by selling "intellectual prop-
erty," which could include its branding, to "third
parties" or "related parties."
Salaries jumped by 15 per cent to 233 million
pounds ($386 million) in 2012-13.
SAO PAULO---Brazilian authorities said
yesterday the pace of construction has
improved at the delayed World Cup sta-
dium in Curitiba and are optimistic the
southern city will still be able to host
A local government commission moni-
toring the work is expected to issue a report
next week, but a city official told The Asso-
ciated Press he doesn t think there will be
a reason to drop Curitiba as a host city.
"All we ve seen so far is very positive,"
Curitiba s urban planning secretary Regi-
naldo Cordeiro said in a telephone interview.
"Work is progressing and the pace of con-
struction has improved significantly."
FIFA said local officials have until February
18 to show the city will be able to finish the
stadium in time for the World Cup in June.
Football s governing body will make its own
evaluation to decide whether to keep games
Cordeiro said a lot has been done since
FIFA Secretary General Jerome Valcke visited
the site and gave his ultimatum earlier this
month. He noted that the pitch has been
installed and the roofing structure is almost
finalised. There were no signs of grass at
the venue when Valcke made his inspection
tour and said the stadium wasn t "only late,
it was very late."
"Things have improved since then,"
Brazil promised to deliver all 12 World
Cup stadiums by the end of 2013, but five
are still under construction and the Arena
da Baixada is one that may not be ready
until about two months before the tourna-
ment s June 12 start.
Local organisers in the nearby city of
Porto Alegre told Brazilian media this week
that FIFA already contacted them to discuss
the possibility of using the newly built Arena
Gremio as an alternative to the Arena da
The stadium in Curitiba is being built by
Brazilian club Atletico Paranaense, but city
and state officials are monitoring the work
along with FIFA and the local World Cup
organizing committee. The local government
commission was expected to release a report
on Wednesday, but Cordeiro said there
wasn t enough time to finalise all the studies
in time. The new report, which should say
when the stadium will be ready, is expected
to be completed by the end of next week.
The stadium is scheduled to host four
matches, including Australia against defend-
ing champion Spain on June 23.
Dropping Curitiba as a host city would
be a major headache for FIFA, which has
already sold more than one million tickets
for the tournament.
as Cabaye joins
Man City posts loss of
more than $85 million
Organisers happy with work at Curitiba venue
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