FIFA President Gianna Infantino Worried About The Rise Of Football Transfer Fees

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FIFA president Gianni Infantino has indicated that rising transfer fees are “worrying” and claimed “there are no rules in place” to regulate agents.

Gianni Infantino, wants to make alterations to transfer commissions and agent regulation as well as the number of homegrown talent clubs produce.

“For international transfers alone, we’ve seen some $6.4 billion circulating,” he told ESPN. “This is double the amount [compared to] just four or five years ago.

“That’s $6.4 billion, transferred from one country to another, over a period of a few months. And at the same time, the commission fees paid to agents are increasing as well, to more than $500 million.”

“I think the rise of commissions paid to agents has taken a worrying direction. And many agents agree with me and would like more oversight,” he said.

“It’s also a question of football’s ecosystem – today there are no rules in place.

“Anyone can do what he wants. But the reality shows us that there are risks of bribery, corruption and money laundering. It’s not me saying it; there are many reports from government authorities that show this is the case.”

TheTega

TheTega

"Tega is a writer/OAP, Lover of all things Tech, Sports and TV Series"

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