September 25, 2019 / 6:00 PM / 19 days ago

Stakeholders recommend cap on agents' commissions, limit on loans - FIFA

The snow-covered landscape is reflected in a logo in front of FIFA headquarters in Zurich, Switzerland, January 10, 2017. REUTERS/Arnd Wiegmann

(Reuters) - World soccer body FIFA on Wednesday said it and football stakeholders had agreed to recommended a cap on agents’ commissions and a limit on loans as it looks to reform the current transfer system.

FIFA said the Football Stakeholders Committee had agreed on the “establishment of a cap on agents’ commissions (10% of the transfer fee for agents of releasing clubs, 3% of the player’s remuneration for player agents and 3% of the player’s remuneration for agents of engaging clubs).”

It also agreed on limiting multiple representation to avoid conflicts of interest.

Reporting by Karolos Grohmann; Editing by Christian Radnedge

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