FIFA confirm decision on extending player contracts and changing summer transfer window

FIFA have confirmed player contracts will extend past this summer due to the coronavirus pandemic affecting the season. The organisation has also revealed they’re willing to extend the summer transfer window. Premier League action will not return until April 30 at the very earliest due to fears over coronavirus.

However, it’s expected that action may not return until the summer.

There remains doubts over when the current season will be finished and how it’ll affect contracts that expire in June, as well as when the transfer window will open.

However, FIFA have confirmed contracts will be extended, adding the summer transfer window can be altered if needed.

FIFA’s statement read: “Expiring player contracts usually end when the season ends, with a termination date that coincides with the end of the season.

“With the current suspension of play in most countries, it is now obvious that the current season will not end when people thought it would.

“Therefore, it is proposed that contracts be extended until such time that the season does actually end. This should be in line with the original intention of the parties when the contract was signed and should also preserve sporting integrity and stability.

“A similar principle applies to contracts due to begin when the new season starts, meaning the entry into force of such contracts is delayed until the next season actually does start.”

On the extension of the summer transfer window, FIFA added: “With regard to transfer windows, again, it is necessary to adjust the normal regulatory position to the new factual circumstances.

READ MORE

  • Premier League and EFL season may not be finished – Greg Clarke

“Accordingly, FIFA will be flexible and will allow the relevant transfer windows to be moved so they fall between the end of the old season and the start of the new season.

“At the same time, FIFA will try to ensure, where possible, an overall level of coordination and will also bear in mind the need to protect the regularity, integrity and proper functioning of competitions, so that the sporting results of any competition are not unfairly disrupted.”

FIFA came to the conclusion after holding a meeting on Tuesday.

Numerous Premier League stars are out of contract in the summer, however, their future is safer after FIFA’s latest ruling.

Source: Read Full Article