MX23RW : Monday, August 20 08:46:47

Association of Football Agents rejects income cap proposal

Agents association rejects income cap
© Reuters
The Association of Football Agents tells FIFA that it would welcome more regulation as part of new transfer proposals but has rejected the idea of an income cap.

The Association of Football Agents has told FIFA that it would welcome more regulation as part of new transfer proposals but has rejected the notion of an income cap.

The world football governing body has set up a taskforce, which met on Monday to discuss new proposals, after president Gianni Infantino spoke of being "very concerned about the huge amount of money that is flowing out of the football industry".

Infantino's words follow claims that Paul Pogba's agent Mino Raiola is reported to have earned £23m from the French midfielder's £89m move from Juventus to Manchester United in 2016.

Proposed ideas from the meeting - which had 120 agents in attendance - reportedly included limiting an agent's fee to 3%, with the current average at 6.7%, and limiting the number of transactions that a club can sanction in the January transfer window.

"If everyone in football was capped, it would make sense," AFA chairman Mike Miller told BBC Sport. "Why pick on one group? Unless it is for football infrastructure or development, all money is going out of the game, including a manager's salary or to shareholders of a football club.

"The fact they came over from Switzerland was a big statement. Talk to most agents and they will say they are not paid enough. Often fees have to be shared around.

"To get a licence across Europe, you need to register in each country and if you use a local agent that's half your fee gone. The family can take part of the fee too. Agents are not properly rewarded for the time and effort they put in.

"There might be one or two big deals where agents earn a lot of money, but you shouldn't legislate based on the big outliers."

Premier League clubs paid agents £211m in the past year, an increase of £37m.

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FIFA HQ pictured in September 2017
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