European clubs agree $252m pay out

by Zlender | January 22, 2008 at 01:25 am

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Where there is money there is a way.

NYON, Switzerland (AP) -- European football clubs will receive around $252 million over the next four years as compensation for their players appearing in international games.

Europe's 18 most powerful clubs will drop their legal disputes with FIFA and UEFA, Rummenigge said.

The agreement Monday was announced by UEFA president Michel Platini, thus ending a long-running dispute between the clubs and the governing bodies of international and European soccer.

The G-14 group of Europe's 18 most powerful clubs will drop their legal disputes with FIFA and UEFA, Bayern Munich chairman Karl-Heinz Rummenigge said.

"From today the football family is reunited, thanks to Michel Platini," said Rummenigge, who was representing the newly formed Association that will include the 103 highest-ranked teams in European soccer.

FIFA will pay clubs whose players take part in the 2010 World Cup in South Africa $110 million. UEFA will pay clubs $63 million for the 2008 European Championship and $79 million for the 2012 tournament.