Fifa plots to cap agents’ fees 17/11/2010 |
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Fifa is planning to order footballers and clubs worldwide not to pay more than three per cent of their gross weekly wage to agents – a move that could save the English game almost £60m a year.
The new rules, to which Fifa president Sepp Blatter and secretary general Jérôme Valcke will be signatories, are described in a working paper seen by The Guardian which is scheduled for implementation next October.
The documents state that the most an agent may earn from conducting transfer negotiations on behalf of any club is three per cent of the total fee, capped at $2m (£1.25m). The three per cent limit is also reflected in the directive relating to what agents may charge players in commissions for their services, and is a major reduction on current costs.
During the dispute between Manchester United's Wayne Rooney and his former agency Proactive in the High Court earlier this year, the judge heard that it was common for agents to charge their footballer clients 20 per cent.
In the 2008/09 season, a total of £79.5m was paid by the 92 Premier League and Football League clubs to agents for their roles in transfers. That was against £713m of transfer spending – an 11.13 per cent ratio of commissions to fees.
Rough calculations suggest that if Fifa's plan to impose a three per cent limit is agreed, clubs would save more than £58m.
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