Soccer

Agents increase their cut from international transfer market

{eot}
Associated Press
4/16/2013 9:55:09 AM
Decrease Text SizeIncrease Text Size
Text Size

GENEVA -- Football agents got a lot richer last year.

Agents took a bigger cut from international player transfers in 2012, even as trading in the billion-dollar market fell by $290 million, according to FIFA research published Tuesday.

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

"2012 witnessed a greater involvement of intermediaries," FIFA subsidiary Transfer Matching System (TMS) stated in an annual survey which logged deals worth $2.53 billion.

Clubs in 200 countries must use the online platform to detail all their payments when players move between different countries either for a fee, on loan or when out of contract.

English clubs spent the most, with FIFA processing $59 million in fees to agents in international deals.

Italian clubs paid $41 million and Russian clubs $23 million, and agents also banked payments from players which FIFA's system doesn't record.

"Obviously, money going to an intermediary is leaving football," TMS general manager Mark Goddard said in a conference call.

FIFA's insight into how much agents earn from clubs follows after football's governing body revealed in January it was preparing to help teams cut out middle men and deal directly with each other.

An online system called Global Player Exchange is being developed to help clubs share information about players available to sign.

Asked if the latest survey showed how agents drove up clubs' transfer expenses, Goddard replied: "I am happy we can give the data so that clubs can start asking questions themselves."

In 2012, player representatives were paid commissions from 706 international transfers, a 19 per cent increase year-on-year.

Agents' income soared despite FIFA logging a 10 per cent drop in total value of international transfers. In 2011, the market was worth $2.82 billion.

Goddard declined to speculate if the global financial downturn was responsible for a drop in spending when the total number of completed international transfers, 11,552, rose by 1 per cent last year. Seven out of every 10 transfers involved free-agent players.

English clubs, boosted by lucrative television deals, were net spenders of $314 million, and Russian clubs, backed by wealthy owners and sponsors, collectively spent $256 million more on international transfers than they received.

Countries where the European economic crisis hit hardest were net earners from FIFA-monitored transfer deals, including Portugal ($103 million), Italy ($91 million) and Spain ($50 million).

Brazil earned the most, with clubs collectively receiving $121 million more than they spent, as 1,463 transfers processed by TMS involved Brazilian players. United States players accounted for 174 completed cross-border deals.

Still, players of all nationalities moving to Brazil were collecting an average salary of $80,000, and just $40,000 in Argentina.

Italian clubs were playing an average salary of $720,000 to a player signed from elsewhere and English clubs paid an average of $680,000.

An intermediary was involved on behalf of a club or player in a total of 2,199 deals, 19 per cent of all international transfers.

FIFA does not yet monitor transfers between two clubs from the same association, such as Manchester United's reported 24 million pounds ($37 million) purchase of Robin van Persie from Arsenal last off-season.

Goddard said TMS, which became mandatory since 2010 to improve transparency in club finances, could expand in future to process domestic transfers.

Soccer (Photo: Shaun Botterill/Getty Images)

zoom

(Photo: Shaun Botterill/Getty Images)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story


Podcasts

TSN FC with Luke Wileman, Jason deVos & Kristian Jack - August 26

Luke, Jason & KJ recap the start to the EPL season, Crystal Palace's search for a manager, Malky Mackay, plus chat MLS as well.

TSN 690 oranges @ halftime Aug 19

Joined in studio w/Paul Desbaillets co-founder of annual soccer charity event GOAL MTL. We chat w/Susan Bell, Danny Smiles, UM02 Carlos & Heath Pearce

TSN 690 oranges @ halftime Aug 19: Susan Bell

Fund Development Director of Tyndale St-George discusses GOAL MTL's legacy and the impact the funds raised have on her community


More Podcasts

Premier League Shows on TSN.ca

TSN.ca is Canada's exclusive home to highlight and feature programs from the Barclay's Premier League. Check out the latest programs on VOD below.


Net Busters

See all the goals, saves, bloopers and quotes from each week

- Episode 2


BPL Match Pack

Weekly match preview show using interesting facts & figures

- Week 2

TSN TweetBox
© 2014
All rights reserved.
Bell Media Television