Fans set to find out EXACTLY how much agents like Mino Raiola and Jorge Mendes are making from transfer deals when new FIFA regulations come into force next year
- FIFA are set to bring in new rules to give more transparency over agents’ fees
- Governing body admit they made a ‘mistake’ in 2005 by deregulating agents
- New rules will include licensing system, character test and commission caps
- Wolves could be breaching new rules over conflict of interest too, with club’s owners currently holding a stake in super-agent Jorge Mendes’ firm Gestifute
Football fans will be able to see exactly how much agents earn from transfer deals when new regulations come into force next year, FIFA has said.
The world governing body has begun a third round of consultation on the new regulations, after admitting it had been a ‘mistake’ by the old FIFA regime to deregulate agents in 2015.
The regulations will include a licensing system, character tests, commission caps and the publication by FIFA of the money agents receive from their clients – both players and clubs.
Jorge Mendes (centre) is among the agents affected by FIFA’s crackdown from next year
It will also prohibit conflicts of interest, such as club or national association officials owning stakes in player agencies. It has been reported that Wolves owners Fosun hold a stake in super-agent Jorge Mendes’ firm Gestifute via a subsidiary, which would be in breach of the rules when they come in.
Agents will be consulted between now and the spring of 2021, and they will all receive the draft regulations and be asked for feedback. The regulations will then go forward for FIFA Council approval between March and June next year before coming into force in September.
The rules eliminate triple representation – where an agent represents the player, the buyer and the seller – and also place a ban on dual representation, except where the agent represents the player and the buying club.
FIFA has acted to stop what it sees as ‘excessive and abusive’ practices among agents.
Wolves’ owners may be affected by the new conflict of interest rules being brought in by FIFA
Commission will be capped at three per cent of a player’s salary when representing a player, three per cent of a player’s salary when representing the buyer and six per cent when the same agent represents both the player and the buyer.
An agent representing a selling club can earn a maximum of 10 per cent of the transfer value.
Ultimately, FIFA intends that these commissions will not be paid directly from a client to an agent, but instead go through a clearing house system.
FIFA found that in 2019, just under half a billion pounds was spent on commission fees worldwide.
There will be no cap on any other services they charge clients for. Representation agreements will be allowed to run for a maximum of two years, and it will be a breach…