x

Town Spend £125,000 on Agents - Ipswich Town News

Town spent £125,000 on agents' fees in the six months to the end of December 2007. The figures are revealed in the Football League's Agents' Fees Report.

The fees went on nine new player registrations or transfers, six updated contracts and one loan. In the same period in the previous year the Blues paid only £5,000 to agents.

Overall, Football League sides paid £7.9 million to agents during the second half of 2007, compared with £6.2 million in the same period during 2006. League clubs spend £42.1 million on players during the final six months of 2007, with only £21.7 million spent a year earlier, an increase of 94%.

Football League chairman Lord Mawhinney says he is pleased to see that despite the busier market, clubs are controlling their spend on agents' fees more closely: "I am encouraged that a more buoyant transfer market has been coupled with a more disciplined approach to clubs' dealings with agents.

"Between July and December 2007 payments to agents, as a proportion of total transfer spending, fell to 19%, compared to 29% for the same period in 2006. This season's figure is also significantly lower than the 23% recorded in 2005 and the 63% recorded in 2004.

"Whilst £7.9m is still a lot of money leaving the game, it is clear that we are beginning to make progress in terms of establishing a fairer balance in the relationship between clubs, players and agents.

"When The League introduced the publication of agents' fees four seasons ago, we did it because we believed these figures should be a matter of public record and debate.

"This debate prompted changes to The League's regulations on agents, such as prohibiting the practice of 'dual representation'. These changes have since been more widely implemented across the game, following their adoption by the FA in their new agents' regulations."

You can read the full report here.

What to read next:

Saudi Club in Cajuste Talks
Former Blues loanee Jens Cajuste’s future could now be in Saudi Arabia with Neom the latest club to show interest in signing the Napoli midfielder on loan.
French Club Eyeing Al-Hamadi
Ligue 1 Toulouse are reportedly showing interest in Blues striker Ali Al-Hamadi.
Town Women Re-Sign Doe on Permanent Deal
Ipswich Town Women have re-signed midfielder Ruby Doe for a third spell, this time on a permanent basis.
Town Among Clubs Linked With McBurnie
Town are reported to be among a number of Championship clubs showing interest in free agent Scotland international striker Oli McBurnie.
[Podcast] Blue Monday - New Podcast Now Online
A new podcast from the Blue Monday team is now available.
Town Still to Accept Broadhead Bid
Town are still to accept a bid from Championship new boys Wrexham for Wales international Nathan Broadhead, TWTD understands.
Academy Scholar Longwe Joins Seasiders on Loan
Academy central midfielder Usisya Longwe has joined Isthmian North Division Felixstowe & Walton on loan.
Pert: Young Will Be a Real Asset
Assistant manager Martyn Pert believes new signing Ashley Young will be a “real asset” for the Blues in the season ahead, the former England international having made his first appearance in a Town shirt in last night’s 2-1 friendly victory over Charlton Athletic at Colchester’s JobServe Community Stadium.
Mazionis Completes Cheltenham Loan Move
Young Blues central defender Jacob Mazionis has completed his season-long loan switch to League Two Cheltenham Town.
Wrexham Closing in On Broadhead Signing
Town are understood to have agreed a fee from Wrexham for forward Nathan Broadhead.