ZURICH (AP):

FIFA introduced yesterday that it’ll see the remuneration of managers {of professional} soccer gamers be capped beneath new laws aimed toward bringing transparency to the enterprise of unsure participant transfers.

FIFA, which has been engaged on the proposal for years, introduced that the brand new guidelines, together with the publication of exams and shopper lists, will come into impact on Monday.

“The brand new laws set up key service requirements for soccer managers and their shoppers, together with a compulsory licensing system, a ban on a number of representations to keep away from conflicts of curiosity, and a cap on supervisor wages to strengthen contract stability. , sustaining the integrity of the switch system and reaching better monetary transparency,” FIFA stated in a press release.

Representatives earned round $623 million in commissions final 12 months, a 24 % improve from 2021, in accordance with FIFA’s December assertion.

FIFA seeks to restrict the excesses of an trade that allowed the late Mino Raiola to earn €27m (US$29m) from Juventus, from the €105m (US$111m) deal that took Paul Pogba to Manchester United in 2016. hopes. Paid an extra sum by the participant and his new membership. The French midfielder returned to Juventus final July.

Agent commissions on transfers and salaries will probably be capped at three % when representing the participant and 6 % if the participant and shopping for membership have twin illustration, whereas agent earnings will probably be capped at 10 % when appearing for the promoting membership.

FIFA stated it’s going to publish the supervisor’s shopper lists, company expiration dates, and particulars of all transactions “together with service charge quantities paid to soccer managers”.

Brokers should move an examination to be licensed. FIFA stated there will probably be a transition interval “earlier than the requirement to make use of solely licensed soccer managers and the cap on supervisor charges” that may happen on 1 October.

The governing physique describes it as “an essential step in the direction of establishing a fairer and extra clear soccer switch system”.