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Monday, March 18, 2024
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Agents Cashing In On Premier League

Chelsea FC/Design: Alex Brooks

Premier League clubs’ spending on transfer fees — the cost of one team selling a player to another — fell from $320 million in January 2020 to $100 million at the same time earlier this year.

But agents’ income tells a much different story. In the past three years, Premier League clubs have spent over $1 billion on agent fees. Agent fees totaled about $240 million annually in 2016, but were more than $376 million between February 2020 and February 2021. 

Some clubs have spent enough on agent fees to cover the transfer fees for a new player.

Agents do a load of the work for clubs, including arranging transfers, canceling contracts, moving loans, and negotiating across clubs.

Chelsea spent the most at nearly $50 million on agent fees in the last year. Overall intermediary fees from February 2016 to February 2021 also saw Chelsea on top.

  • Chelsea, $138 million
  • Liverpool, $136 million
  • Manchester City, $133 million
  • Manchester United, $115 million

Due to the rising agents’ fees, tax authorities in Britain said last week they are stepping in to look at how intermediary payments are taxed.

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