Let’s talk about the FIFA CLEARING HOUSE 😥😩😭 – PART 4
Here is the final scenario (for now…) in the “FCP Series” and then we can move onto a few other areas of interest… Quite a few suggestions have been coming through so I’ve added them to my list 😊
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SCENARIO THREE ⚽️⚽️⚽️
Ongoing delays and constant requests for documents that the clubs struggle to provide.
FACTS:
The international transfer of the player took place during the last summer transfer window between two UEFA clubs.
The training club has an active TMS account so was able to participate in the Electronic Player Passport (“EPP”) process (yippee!! 🤸🏾♀️)
The provisional EPP was generated and was reviewed by the Member Association and the training club.
The allocation statement was shared with the training club, and it is accurate 👊🏽.
The problem in this scenario is with the various documents the training club is being asked to provide so it can be onboarded onto FCH SAS ☹️.
These documents include things like company registration documents, 3 month’s bank statements, shareholders allocation information, legal representatives, etc.
The process of onboarding involved a lot of to-ing and fro-ing because the FCH was not satisfied with some of the documents being produced.
The last response was sent to FCH SAS many weeks ago and it’s just been silence.
PROBLEMS:
There will be a number of training clubs that may not be able to produce these documents.
Some of the training clubs don’t even have bank accounts, and even if they were to open a bank account (which admittedly is important if they are to receive training rewards) they will not have three month’s worth of bank statements.
The process takes too long 😴. This process should be an improvement on the last process which took a much shorter length of time (assuming the buying club is cooperating).
And guess what? 🤦🏽♀️… Every single time the training club is receiving training rewards they will have to go through this process and pass the compliance assessment again.
QUESTIONS:
What is the FCH SAS looking for in these bank statements and why does it need to know the shareholder allocation of clubs ? 🤔
Why does it take so long once all the documents have been submitted ?
What happens if the club (say an amateur club) is unable to provide all these various documents being requested? Does that mean they won’t get paid?
RECOMMENDATIONS:
Could the requirements to onboard non professional clubs be relaxed a bit maybe or given more time 🤷🏽♀️ ?
I’d love to hear your thoughts and any experiences 📝
🤣 A client called me and asked me, “What is going on with this crazy new process and why has FIFA become like the FBI?” 👮🏼♂️🫣🤐😅
PS – If you are asking what a Player Passport is, then you probably need to watch this👇🏾
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