London: Figures compiled by the world football governing body FIFA showed that clubs paid a total $3 billion in 2011 to sign players.
The total was calculated by FIFA's new Transfer Matching System, which has been introduced in an attempt to strengthen policing of football's money flows.
The new system requires clubs signing players internationally to record with FIFA their contracts and all payments they make, which must go to the selling club.
"There were some pretty crazy descriptions of behaviour going on in 2008 and 2009, when we began to set up the system," Mark Goddard, the general manager of the Transfer Matching System, was quoted as saying by the Guardian....more
06:02 PM, Mar 03, 2012
Munich: Former Force India driver Adrian Sutil was convicted of causing grievous bodily harm to a Formula One team owner in a night club confrontation in China and given an 18-month suspended sentence on Tuesday. The Munich district court passed the verdict and the sentence after a two-day trial. The prosecutors had asked for a 21-month suspended sentence. Sutil was also fined $262,200, to be paid to charities. "The defendant...
06:37 PM, Jan 31, 2012