Agents up their cut from $2.5 billion FIFA int’l transfer market

Agents up their cut from $2.5 billion FIFA int’l transfer market

PanARMENIAN.Net - FIFA says soccer agents are taking a bigger cut from international player transfers, even as trading in the billion-dollar market fell by $290 million in 2012, AP reported.

Player representatives took $163 million in fees from clubs, at 28-percent average commission, while their total from cross-border transfers rose $33 million last year.

FIFA’s online Transfer Matching System reports that “2012 witnessed a greater involvement of intermediaries” when players move between clubs from different countries.

FIFA processed English clubs paying $59 million to agents in international deals. In 2012, agents were paid commissions from 706 international transfers, a 19-percent increase.

Agents’ income soared despite FIFA logging a 10-percent drop in total value of international transfers, worth $2.53 billion. Agents also banked payments from players that FIFA’s system doesn’t record.

 Top stories
Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.
Armenian gymnast, Olympic bronze medalist Artur Davtyan has reached the finals of the World Cup.
Gor Manvelyan has denied reports alleging that he has expressed a desire to one day play for the French national team.
Roma midfielder Henrikh Mkhitaryan is not considering FC Spartak Moscow as his next haven, according to fresh reports.
Partner news
---