WORLDWIDE spending on commissions to agents involved in the international transfers of players has reached a record high of US$653.9 million this year, soccer’s governing body FIFA said in a report published Wednesday. FIFA said that 80 percent of the total — which was already 19.3 percent more than during the whole of 2018 — was paid by clubs from Italy, England, Germany, Portugal, Spain and France combined. It added that Portuguese clubs stood out as they have spent almost half as much on commissions — US$78.1 million — as on transfers themselves — US$181.9 million. FIFA is planning to place a cap on agent fees as part of a wide-ranging reform to the transfer system. In October, the FIFA Council approved a proposal to limit the amounts to 10 percent of the transfer fee for agents of releasing clubs, three percent of the player’s remuneration for player agents and another three percent of the player’s remuneration for agents of buying clubs. FIFA’s report said that, of the more than 17,000 international transfers of male professional players this year, at least one agent was involved in 3,557 of those. It said that in more than 90 percent of cases, agents received commissions under US$1 million, with figures of between US$10,000 and US$100,000 being “the most common scenario.”(SD-Agencies) |