Fifa and Uefa have agreed to pay out around $252m (£130million) over the next six years to compensate clubs whose players take part in World Cups and European championships.

The deal is aimed to end years of legal wrangling between the continent's top clubs and the sport's governing bodies.

While footballing governing bodies have agreed to pay out, in return the 18 members of the self-appointed G14 group of top clubs are set to disband.

Uefa president Michel Platini said football was the real winner upon commenting on the deal: "There is no winner here apart from football itself.

"It was utterly unthinkable for us that players might not have the right to play for their national team but of course we could see it was also logical the clubs who provide these players should also share in the profits from the competitions."