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Stakeholders recommend cap on agents' commissions, limit on loans - FIFA

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By Reuters
Stakeholders recommend cap on agents' commissions, limit on loans - FIFA
FILE PHOTO: Soccer Football - Official Draw for the FIFA Club World Cup UAE 2018 - Zurich, Switzerland - September 4, 2018 General view of the FIFA logo before the start of the draw REUTERS/Arnd Wiegmann   -   Copyright  ARND WIEGMANN(Reuters)

(Reuters) – World soccer body FIFA on Wednesday said it and football stakeholders had agreed to recommended a cap on agents’ commissions and a limit on loans as it looks to reform the current transfer system.

FIFA said the Football Stakeholders Committee had agreed on the “establishment of a cap on agents’ commissions (10% of the transfer fee for agents of releasing clubs, 3% of the player’s remuneration for player agents and 3% of the player’s remuneration for agents of engaging clubs).”

It also agreed on limiting multiple representation to avoid conflicts of interest.

(Reporting by Karolos Grohmann; Editing by Christian Radnedge)