Looking for a new “get rich quick” scheme? Try becoming an agent for any number of professional footballers, but you better hurry.
While it turns out there’s quite a lot of money to be made for representing footballers and facilitating transfers and negotiating contracts, including your own piece of the pie, the well is set to dry up in just over 12 months’ time.
First things first, how much money are we talking about here? More than $650 million in 2019 alone — up nearly 20 percent from 2018 — according to numbers released by FIFA on Wednesday, and that number doesn’t include players who moved between two clubs in the same country, only players who made international transfers. That would be the good news.
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Here’s the bad news, for the agents at least: FIFA has approved new guidelines which will cap agent fees at 10 percent of transfer fees and 3 percent of player salaries beginning in 2021. OK, so there’s still decent amount of money to be made in your new career.
The agents and FIFA are at odds over the new rules, which prompted the governing body to release the figures, as if to say, “See? These are the really bad guys ruining your sport.”