During a speech in Qatar 2022, FIFA President Gianni Infantino announced new agent regulations that will have an impact on transfers.
Transfer news:
With only two games remaining, Infantino has spoken once more at the Qatar 2022 World Cup. The FIFA president explained some of the new formattings to the international game. His previous public appearances saw him cause controversy with his monologue about football’s politics.
The final two games are Sunday’s final between France and Argentina and the third-place play-off between Morocco and Croatia. Before attention can be completely focused on that, though, his most recent conference revealed a brand-new, busier football scene, with a brand-new Club World Cup structure adding even more fixtures to the schedule.
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In addition, Infantino highlighted new plans for an expanded women’s Olympics and said that he is presently serving his first term as president after completing Sep Blatter’s final years as president following his infamous departure in 2016. The agency policies are the next most important thing for domestic teams to pay attention to after the Club World Cup revelation.
Agents are some of the most prominent guys in sports, with Jorge Mendes, Cristiano Ronaldo‘s agent, possibly being the most well-known. Agents, who are in responsibility of obtaining the best deal for the player, participating in negotiations, and also requesting a fee of their own, are becoming more and more seen negatively.
Dual representation of a club and a player involved in a deal is now prohibited under the new regulations, which have been in the works for some time. Commission caps will also be implemented, potentially saving Arsenal, Chelsea, Liverpool and Manchester United millions of pounds in fees. For instance, Manchester City paid more than 50% of the £51 million transfer fee to acquire Erling Haaland, adding an additional £34 million to his father.
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However, those expenses will no longer exist because to the new legislation, which states that there will be “A 10% cap on what agents representing buying clubs and players being signed can receive on a transfer.”
Other guidelines comprise: “restrictions on the profits that clubs selling their memberships could potentially generate via transactions; a restriction on the benefits given to family members who are not authorized intermediaries; creating a clearinghouse where all transfer funds are routed”
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It is also anticipated that an agent’s test will be gone through, which means that family members won’t be eligible to get commission on transactions until FIFA has formally approved them.
Since agent deregulation created a free market where players’ representatives could compete for greater money, these reforms have grown more and more necessary. The most powerful are anticipated to file a lawsuit to defend their luxurious status, so legal action could still block these reforms.
