Monday, 12 November, 2018

EPL players may begin to pay their agents

EPL players may begin to pay their agents EPL players may begin to pay their agents
Sidney Guerrero | 16 September, 2018, 17:55

We are all trying to pay less, they are doing nothing for football.

When transfers take place, the agent of the player involved will be given a fee by the club purchaasing their client, meaning that £220 million was spent on agent fees in England and Wales alone a year ago.

The Premier League's top footballers could soon be forced to pay their own agents - rather than rely on their clubs to pay them - in what is set to be the most radical changes to the way football agents work in England.

Meanwhile, Mino Raiola is said to have represented all three parties in Paul Pogba's £89 million move from Juventus to Manchester United in 2016, earning £41m.

The likes of Jorge Mendes and Mino Raiola have become well-known names in the footballing world over recent years as the age of the "super-agent" has emerged.

"I can't believe it is even a discussion", added Gold. "Other than agents, everybody else is against them".

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There was also at least one deal last season where it was triple representation, an agent paid by player, buying club and the selling one!

They will also be required to do all business through a United Kingdom bank account, and will be required to provide an annual statement of business to the FA. Gold and other executives made a move towards abolishing completely the process of clubs paying agents at a Premier League meeting in London. From the beginning it's not been something that we want and they don't want.

Sign up for The Fiver, our free daily football email. "Dual representation" was previously illegal in England but was allowed when Federation Internationale de Football Association deregulated the way agents operate in 2015.

Today's Times exclusive also revealed that HM Revenue & Customs (HMRC) are looking at these dual-representation arrangements and will be demanding that clubs and agents provide evidence of what has been done for each side.

There were 541 player transactions involving top-flight clubs last season - transfers, loans or new contracts - and at least 426 of these, or 79 per cent, involved dual representation. Moreover, every single one of Manchester City's 52 transactions involved dual representation, as did nearly all of those deals that involved Arsenal, Liverpool and Manchester United. A list of 35 has been whittled down to a shortlist of 10 prospective candidates to replace Scudamore after 20 years in charge.

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