FIFA moves to cut agents costs

FIFA President, Sepp Blatter

FIFA has made further progress in a move to help clubs deal directly with each other during transfers rather than employ agents.

According to football’s world governing body, agents took commissions averaging 28% of the 11,555 cross-border deals in 2012 and many clubs have complained about having to pay too much money to intermediaries.

FIFA’s proposed Global Player Exchange (GPX) concept was discussed by its Club Football Committee this week and will, it says, “revolutionise” the transfer market by helping clubs sidestep agents.

“These new optional services will have the same core aim of improving transparency,” FIFA said in a statement. “Subscribing clubs will be able to access market information and interact with each other.”

“Extensive stakeholder consultation has shown that most clubs have limited resources for accessing information on the professional player pool and often have to rely on intermediaries, thus increasing club costs.”