November 6 – Fans will be able to see exactly how much agents earn from transfer deals when a raft of new FIFA regulations come into force next year.
Football’s world governing body has admitted it was a “mistake” by the old FIFA regime to deregulate agents in 2015 and is starting its third and final “consultation process” on new reforms that will be put to a vote at the FIFA Council between March and June next year with a view to being introduced the following September.
The rules will eliminate triple representation – whereby the same agent represents the player, the buyer and the seller.
FIFA has acted to stop what it has long seen as “excessive and abusive” practices among agents. In 2019, it found that $653 million was spent on commission fees worldwide.
The regulations will thus include a cap on commissions and also stop club or national association officials owning a stake in player agencies.
Commission will be capped at 3% of a player’s salary when representing a player, 3% of a player’s salary when representing the buyer and 6% when the same agent represents both the player and the buyer.
An agent representing a selling club can earn a maximum of 10% of the transfer value.
“Many of the practices which we describe as excessive and abusive derive from the types of commission payments that we’re describing right now,” said FIFA’s director of football regulatory James Kitching. “What we’re trying to do is bring in basic service standards.”
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