Iron top agents' fee report

Iron top agents’ fee report

Scunthorpe United agreed to pay more money to agents than any other club in League Two last season, according to the Football League’s annual report on fees handed over to middlemen.

The Iron said that the £121,480 committed by the club in the year up to July 2014 was in part down to contract extensions which were agreed in that period even if they did not come into effect then.

Writing via the club’s account on fans website Iron-Bru.com, the club said: “The main reason for this is that the report shows what we have committed to spend on agent fees in the 2013/14 season and not what we have actually paid out for that period.

“Eleven of our contract renewals for the 2014/15 season and beyond were done in the reporting period for 2013/14 which runs from 1st July 2013 to 30th June 2014. To give a specific example, if a player signed a new contract in May 2014 for the 2014/15 and 2015/16 season then any agents fees paid over the duration of that contract would be shown in the 2013/14 reporting period.

“The trend is for clubs to start their new contracts from 1 July in the relevant year but this summer we were keen to get players signed up and set them a deadline to accept our offers. They all signed new contracts with their old terms applying to the 30 June 2014 and their new terms starting in 1 July 2014 but any agent fees due over the length of the new contract are shown in the report for 2013/14.”

The Football League said there was an 18 per cent reduction on the amount spent on agents fees across their 72 clubs, dropping from £21.5million to £17.7m. Four League Two clubs did not spend anything on fees during the reporting period.

The Football League’s chief executive, Shaun Harvey, said: “The 2013/14 campaign was the first season against which sanctions will be applied in all three of our divisions under The Football League’s Financial Fair Play rules. It is therefore notable that we have seen a significant fall in payments to agents. Hopefully this is a sign that they are having a positive effect but it’s too early to know for definite at this stage.

“Whilst a reduction of £4m is welcome there is still a very significant sum leaving the game to pay agents. Under the financial reporting arrangements in place for clubs these liabilities are provided for in club business plans going forward.”

You can download the Football League’s agents’ fees report by clicking here.