Agent Fees.

[Neiler]

Ok people are used to me banging on about how the board arent doing a bad job blah, blah, blah but you have to be realsitic and balanced in you point view to be credible, one aspect the club is making a bags of is agent fees.

Just look below what we sepnt on agent fees in 2010 and it is frightening and really poor management.

The total figure was £3.599 mill - that really is poor.

To put that in perspective that is almost the total cost of serviceing our debt. Without it thats 3.5mill going spare, or the total cost of our interest almost paid. Both figures together is the guts of 10 mill or a decent player a season.

I can understand a figure like that if we signed say five players, but Gueye and Beckford were are two major signings. What would that 3.5 mill have meant to us in Jan in terms of a signing or a loan. Strangely our baseline debt increased by in and around the same cost as the agent fees this year.

To put it into some kind of perspective, Man U spent £2.312 mill and Man City £5.952mill.

Needs serious attention, really poor management.

 

[Alio]

Very interesting. Do agents get a pay out when players sign a new deal? I'm very much presuming so, but didn't think it would equate to that. We've extended some hefty deals over the past year I guess, but that's quite alarming

 

[Matt Damon]

Ok people are used to me banging on about how the board arent doing a bad job blah, blah, balh but you have to be realsitic and balanced in you point view to be credible, one aspect the club is making a bags of is agent fees.

Just look below what we sepnt on agent fees in 2010 and it is frightening and really poor management.

They think that the next phase of incoming football regulation will focus on regulating agents Neiler, they're already studying it and provisional regs likely to come in at the end of next season for enforcement from 2013

http://www.playthegame.org/news/detailed/european-commission-to-study-transfers-5109.html

Budapest. The role of agents in professional sport will come under greater scrutiny as the European Commission (EC) will start a study on player transfers next year.

Plans for the potentially controversial research project were included in an EC strategy for sport published last month and Michal Krejza, head of the sport unit at the Commission's Education and Culture Directorate, outlined the timetable at today's EU Sport Forum in Budapest.

Tenders for the contract to carry out the transfer study will go out later this year and the EC must sign a contract with the successful bidder by the end of 2011. The research will be carried out next year and the results published by 2013.

The EC is also planning a conference on the role and regulation of agents in sport, which will be held within the next 12 months. Mr. Krejza will speak to FIFA about its involvement in the conference over the next few days.

The driver for the commissioning of the study is another recent piece of EC research into sports agents, which highlighted problems with fraud and compliance.

Androulla Vassiliou, EC commissioner for education, culture, multilingualism and youth, said:

"We will make this study so that we know the state and implications of the problem."

In Budapest, MEP Ivo Belet said that the EU had not ruled out potentially introducing legislation on sports agents but said that self-regulation was preferred.

"We will support anyone who upholds the integrity of sport," said Mr Belet.

Round two for EU commission v out of **** control - Football Finance....

based only on debt debt and more debt (oh and dodgy goings on)

 

[kenada_blue]

was just about to post this.

We are 7th out of 20 teams after spending 3.5million on agent fees for basically resigning players, youth players, and a free.

Shocking

 

[Neiler]

They think that the next phase of incoming football regulation will focus on regulating agents Neiler

http://www.playthegame.org/news/detailed/european-commission-to-study-transfers-5109.html

Round two for EU commission v Football Finance....

Still mate this is gobsmakingly poor, when you think what the likes of Utd and especially City have spent on signing players and our comparitive figures. If turnover is 80 mill, wages at over 60 % of that. Interest at 4mill and agent fees at 3.5mill.

Thats the guts of 10% or our turnover, on dead money more or less - its attributed more or less to operating costs (which have been riseing) in the books, but has an impact.

I know some kind of fees have to be paid but if Utd can say drive down their fees for the amount of action they do we seriously need to look at it.

 

[Matt Damon]

Plus. And the related Fair Play Regulation, clubs will see agents fees as unnecessary costs.

They have to spend within their own budgets (spend only what they earn)

They'll then have to either bypass agents, or INSIST players pay agent's fees themselves.



And there's downward pressure on the players wages due to this too, coming in.

So it's ok for us. It'll be a market wide change. The days of huge pay offs for agent's are coming to an end.




Rooney's agent for instance. Made his millions for being a shyster. His sort will find it difficult to do the same going forward this is since none of the clubs will have the finance to be - look at Chelsea's £9million figure, to be expending that a season.

its simply not going to be possible for clubs to sustain that kind of thing.

 

[kenada_blue]

They think that the next phase of incoming football regulation will focus on regulating agents Neiler, they're already studying it and provisional regs likely to come in at the end of next season for enforcement from 2013

http://www.playthegame.org/news/detailed/european-commission-to-study-transfers-5109.html

Round two for EU commission v out of **** control - Football Finance....

based only on debt debt and more debt (oh and dodgy goings on)

They'll bed the fair play stuff first before this kicks in. And it says "self regulations" too.

Agents will still milk it

 

[Matt Damon]

Still mate this is gobsmakingly poor, when you think what the likes of Utd and especially City have spent on signing players and our comparitive figures. If turnover is 80 mill, wages at over 60 % of that. Interest at 4mill and agent fees at 3.5mill.

Thats the guts of 10% or our turnover, on dead moneymore or less - its attributed more or less to operating costs (which have been riseing) in the books, but has an impact.

I know some kind of fees have to be paid but if Utd can say drive down their fees for the amount of action they do we seriously need to look at it.

Agents fees is such a gray area thats why the EU's clamping down. Open to all sorts.


Also Neiler. THINK OF ALL THE CONTRACT RENEWALS and SIGNING FEE'S FOR ACADEMY PLAYERS in 2010.

We did a lot of contract renewals. So it could be there.

 

[Matt Damon]

They'll bed the fair play stuff first before this kicks in. And it says "self regulations" too.

Agents will still milk it

In Budapest, MEP Ivo Belet said that the EU had not ruled out potentially introducing legislation on sports agents but said that self-regulation was preferred.

"We will support anyone who upholds the integrity of sport," said Mr Belet.

They will always aim for self regulation, however when they review it and find somethings not working and there's market distortion or irregularities they'll then legislate.

In this study if they think that theres no possible way for self regulation (I agree - there isn't) they'll just legislate immediately.


OH and you're wrong about DECADES and you're wrong about the Fair Play licencing too.

 

[davek]

We have a manager whose brother is an agent. Strange to think we're getting shafted with all that inside info he presumably gets.

 

[Neiler]

Agents fees is such a gray area thats why the EU's clamping down. Open to all sorts.


Also Neiler. THINK OF ALL THE CONTRACT RENEWALS and SIGNING FEE'S FOR ACADEMY PLAYERS in 2010.

We did a lot of contract renewals. So it could be there.

I had been thinking that mate, still seems massively excessive to me, that before factoring in signing on fees etc for players on top of their increased wage. A lot of dead money slushing around the club.

 

[kenada_blue]

Agents fees is such a gray area thats why the EU's clamping down. Open to all sorts.


Also Neiler. THINK OF ALL THE CONTRACT RENEWALS and SIGNING FEE'S FOR ACADEMY PLAYERS in 2010.

We did a lot of contract renewals. So it could be there.

But agents aren't 100% involved in the football side, they're talent managers just like in any entertainment so it'll be hard to dictate how much a agent should be paid for their services on their clients behalf.

As for the renewels...it surely cannot cost more for that than in does to actually buy players?

 

[davek]

I had been thinking that mate, still seems massively excessive to me, that before factoring in signing on fees etc for players on top of their increased wage. A lot of dead money slushing around the club.

Sorry to but in, but do you think this might be where Kenwright's scouting fees come into play?

 

[Neiler]

Sorry to but in, but do you think this might be where Kenwright's scouting fees come into play?

Ha ha, personaly id pass over to the dark side if i believed that was the case mate, hows the weather over there cloudy with a chance of rain!

 

[Matt Damon]

I had been thinking that mate, still seems massively excessive to me, that before factoring in signing on fees etc for players on top of their increased wage. A lot of dead money slushing around the club.

Baines, Cahill, Arteta, Rodwell.... Anichebe

Who else signed a new contract? That there Neiler was one of our major costs


People said the club lacked "ambition" and we're a joke etc. But they renewed all of those in the past year.

Each one took a slice of that figure.


Pienaar's agent for instance, wanted a wedge. NO DOUBT. Everton thought, no enoughs enough simply the demand's too much.


Its what Villa didn't do ... work to a budget.