Newcastle Pay Around £3.4M To Agents Over The Last Year

Newcastle United have reported how much they have paid to the agents of football players in the year from 1st October of last year through the end of September, and that amount was £3,485,503.

Derek Llambias – leads the transfer business at Newcastle

Newcastle have more than once complained about the ridiculous fees charged by agents, and that amount seems very high to us, and it could include the almost £2M that we are supposed to have paid out for Demba Ba – and of course his advisers are busy trying to get another deal made for themselves – sorry I should have said for Demba Ba (yeah right!).

But the year before, Newcastle’s payments to agents was almost double the current figure at £6,380,488.00 – and this year’s figure is around a 45% drop from last year, and last year’s figures would have probably included the Demba Ba fees to his agent(s).

Top of the list in the last report (October 2010 through September 2011) were Manchester City (of course), who paid out over £9M in agents’ fees.

This was put on the Newcastle web-site on Friday:

In line with Regulation G.15 of The Football Association Agents’ Regulation, which states:

“Clubs shall make publicly available on or before 30 November each year, the total amount of the payments made by the Club to Authorized Agents and Exempt Solicitors during the period 1 October of the previous year to 30 September of that year,” Newcastle United hereby confirm the following information:

Payments to Agents – 2011/12

Total amount paid to agents in the period 1 October 2011 to 30 September 2012: .

Explanatory Note:

The amount shown is the aggregate of all payments made to agents during the reporting period for agency activity, including payments made by the club on behalf of players.

That still seems a lot to pay out to agents – who are basically the representatives of the players who do the deals for the player – good work if you can get it.

What do you think?

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