Newcastle United reveal shocking total of payments to agents for summer signings
Newcastle United have revealed the total payments to agents over the past year.
FA rules means that all Premier League clubs must publish details of how much money has leaked from the sport and into the hands of ‘intermediaries’.
The time period covered is 1 October 2104 to 30 September 2015, which covers the last two transfer windows.
With United not buying anybody last January, we can safely assume that the five summer signings account for pretty much all of this total, with Ivan Toney surely only a fraction of that total.
So the payments to agents of bringing in Thauvin, Mitrovic, Mbemba and Wijnaldum comes to almost £6m!
The exact figure Newcastle have paid to intermediaries/agents is £5,946,031.31.
The size of this amount on top of the transfer fees paid, strongly supports the idea that rather than Lee Charnley and any other club staff doing the transfer negotiations direct, it is instead left to agents to make the deals and collect the massive paydays at the end of it.
Official Newcastle United Statement
‘In line with FA Regulations on Working with Intermediaries, Clubs are required to publish all Intermediary fees paid during the period 1 October 2014 to 30 September 2015.
Newcastle United hereby confirm the following information:
Payments to Intermediaries – 2014/15
Total amount paid to intermediaries in the period 1st October, 2014 to 30th September, 2015: £5,946,031.31.
The amount shown is the aggregate of all payments made to intermediaries during the reporting period for agency activity, including payments made by the club on behalf of players.’
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