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Football agents fear 'wild west' as Fifa reforms
Football agents fear 'wild west' as Fifa reforms

Mmomi FIFA CoinsNot many people empathise with football agents. Often depicted as the embodiment of the game's post‑1992 years of excess, those who help broker transfers and secure lucrative contracts for their clients may find sympathy hard to come by even if controversial new regulations could potentially reduce their future income. As of Wednesday, Fifa will no longer be responsible for an industry worth billions, the governing body deregulating a business that, it claims, is rife with underhand and unlicensed transactions across the world. In an attempt to increase transparency, it will be the duty of each national association to supervise agents and a licensing system that has been in place for years will end.Buy Cheap FIFA 16 Coins at Mmomi.net "I think it's going to create anarchy and everybody is going to be sorry about it," says Mel Stein, chairman of the London-based Association of Football Agents. "Fifa couldn't cope so they decided to hand it over to the individual territories. I can see the bloke in the pub who knows a parent or a footballer's dad saying ‘I'll represent you' and then undercutting everyone." It is not difficult to understand why the AFA, which represents around 450 of the 550 licensed agents in England, is so exercised by the changes. Fifa is recommending that agents-who will now be officially known as "intermediaries"-have their commission on player transfers and contract deals capped at 3%. At present this figure varies but usually falls between 5% and 10%. In some cases this will significantly reduce the amount agents can earn from deals. However, it is not the only new measure that could change the existing landscape. Stein-who was previously an agent who represented Paul Gascoigne-met the Football Association last week to present a 13-point agenda and has appealed against Fifa's plan to the European Commission, a process that is ongoing.www.mmomi.net/FIFA-16-Coins/ The licensed football agent will be a thing of the past. Intermediaries will no longer be required to pass an exam to qualify. In theory, anybody can become one, providing they have an "impeccable reputation"-essentially are without a criminal record-have no conflicted interests, and in England pay £500 to register with the FA. Fifa argues the new system will prevent money-laundering in the game, stating that currently only 25-30% of transfers across the world are conducted by licensed agents. It hopes the guidelines will be adopted by each association, who will enforce a "full disclosure and publication of the remuneration and payments made to intermediaries".fifaah