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Agent Fees

  • 01-12-2009 10:59am
    #1
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,003 ✭✭✭✭


    Premier League clubs are paying almost £2 million a week to agents in commission as the middle men's earnings were revealed for the first time by the top flight.

    The 20 English top flight clubs disclosed they spent £70.7 million on agents' fees last season alone.
    Mel Stein, the highly respected executive of the Association of Agents, told ESPN Soccernet: "In many cases the agents earn their corn.
    "You can't consider it in a vacuum. You have to ask the question what percentage of the transfer fees are the agents' fees? And what benefit has the club received?"
    Stein, one time agent to Paul Gascoigne and Chris Waddle, continued: If the club win a title or stay up then as I would say that the agents' fees are worth every penny."
    Stein, in other words, argues that an agent has to deliver value for his commission, by bringing the clubs top class players.
    Manchester City were by far the biggest spenders, splashing out almost £13 million during dates covering last winter and the recently closed summer transfer window. But City did spend almost £200 million on virtually a completely new team.
    Chelsea, bankrolled by Russian billionaire Roman Abramovich, paid out about £9.5 million - the second highest - with Liverpool third on £6.7m and Tottenham Hotspur writing cheques worth £6.1m.
    Manchester United were the first Premier League club to go public with their agents fees, and that was brought in when the Glazers took over. They have now been followed by the entire Premier League. United spent just £1.5 million, while Premier League new boys Burnley parted with the least amount - less than £500,000.
    The Premier League clubs have followed the example set by the Football League, who began to publish annual spending reports five years ago.
    Wolverhampton Wanderers, who were promoted from the Championship last season, said the £1.2 million they spent came during a busy period of player signings and contract renewals, which also tend to incur agents' fees.
    Wolves chief executive Jez Moxey said: "We welcome the publication of agent fee payments across the Premier League and the increased level of transparency it brings to a subject that interests everyone in football.
    "The figure published today reflects a small part of the financial commitment we made in making the moves to strengthen the squad during the two transfer windows in question.
    "We also secured some of our best young players on new long term contracts in order to help ensure stability and continuity at the club."
    The list in full:
    1. Manchester City - £12,874,283
    2. Chelsea - £9,562,223
    3. Liverpool - £6,657,305
    4. Tottenham - £6,066,935
    5. Wigan - £5,527,548
    6. Arsenal - £4,760,241
    7. West Ham - £3,576,972
    8. Portsmouth - £3,184,725
    9. Bolton - £3,166,611
    10. Everton - £2,008,407
    11. Sunderland - £2,007,040
    12 Aston Villa - £1,708,374
    13. Blackburn - £1,610,885
    14. Hull - £1,599,188
    15. Manchester United - £1,517,393
    16. Fulham - £1,469,258
    17. Wolves - £1,235,703
    18. Birmingham - £974,982
    19. Stoke - £716,042
    20. Burnley - £468,398

    http://soccernet.espn.go.com/news/story?id=706266&sec=england&cc=5739

    No surprise that the top spenders pay the highest agent fees.


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