Limitation of commissions and prohibition of multiple representation: FIFA regulations on agents come into force

The new regulations, which come into force on Monday 9 January, aim to guarantee minimum standards for the representation of footballers through, for example, a compulsory licensing system.

A change is coming in the world panorama of the most popular sport. Next Monday, January 9 The process for obtaining licenses to practice as a football representative will come into effect stipulated in the FIFA Regulations for Football Agents approved by the Zurich Governing Body Council last December. “This is an important step in establishing a fairer and more transparent transfer system in the world of football,” mentions FIFA in a press release.

This regulation establishes minimum service criteria between agents and their clients. Among other measures, it imposes a system of compulsory licenses, prohibits multiple representation to avoid conflicts of interest and applies a limit to commissions. In this way, he aspires to “strengthen contractual stability, protect the integrity of the transfer system and achieve greater transparency in all financial matters”.

Although the process begins next Monday, a transition period which lasts until October 1 of this year. As of this day, only licensed soccer agents can be hired and the agent commission limit will apply.

FIFA adds that the approval of the Agents Regulations stems from an open consultation process developed by world football’s governing body since 2018, in which “all relevant interested parties” participated. “Several institutions and organizations have publicly expressed their support for FIFA’s reform and consultation process regarding the Regulations,” they mention.

Over the past year, the Association of Football Agents of Chile, that which brought together (at least until 2022) the 80% of representatives who work in the country and who do business related to player transfers. The idea is not only to bring more transparency in the transfer process, but also to adapt to FIFA regulations.

“The goal is to work in an orderly and transparent way with each other. It’s the only way to do it right. FIFA will publish the regulations and we will respect them. For example, if it says the commission is 5%, it will be. We are an important entity in the business and we want to do things well,” said José Luis Carreño, group leader, in dialogue with Jock.

From Monday 9, you will be able to access the registration process in the new agent platform

follow on Jock

Source: Latercera

Related articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share article

Latest articles

Newsletter

Subscribe to stay updated.