Daily Times

MANCHESTER: FIFA will push ahead with plans to cap commissions on transfer fees for agents and enforce a licence scheme, even if its new regulations are opposed by some agents. FIFA announced last September a cap that would limit agents of the selling club to 10% of the transfer fee, and 3% of the player’s fee for agents of the buying club. The new regulations, which are scheduled to take effect in January, 2022, will also force agents to become licensed and undergo an exam conducted by FIFA, as well as make public all transactions, allowing fans to see how much agents are paid on deals. FIFA said on Friday that it is starting its third and final “consultation process” on the new regulations before submitting the reforms to a vote at the FIFA Council with the aim of bringing them into effect next season. Leading agents have been critical of the proposals and threatened legal action. Emilio Garcia Silvero, FIFA’s Chief Legal and Compliance Officer, told reporters that the ruling body would continue to consult with agents but was determined to push forward with the changes.