FIFA has paid football clubs worldwide $125 million in owed transfer fees through its finance house in Paris, with an additional $200 million backlog. The funds, allocated by the FIFA Clearing House, aim to bring transparency to the transfer industry and ensure smaller clubs receive payments from player sales. The system, in place since 2001, entitles former clubs to a share of up to 5% of transfer fees, with England and Saudi Arabia being the top paying markets.
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FIA approves General Motors as 2029 F1 engine supplier
General Motors has been approved as a Formula 1 engine supplier for the 2029 season, marking its entry into the sport with the Cadillac F1 team starting in 2026. The FIA officially recognized GM Performance Power Units LLC as a power unit supplier, paving the way for American-made power units to be utilized from 2029 onwards. This approval comes less than two months after initial announcements regarding GM's involvement in Formula 1, signifying a significant...
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