Reading FC paid almost £1 million to agentsBy Jonny Fordham
August 30, 2011
A staggering £996,425 was paid by Reading FC to agents involved in transfers last season.
Only four clubs across the Football League were involved in more transactions than Royals who were one of the top spenders from the £16,658,976.
Out of the 72 clubs, the Championship teams spent £14,089,702 with Reading’s outlay coming from 63 transactions.
The club updated 24 contracts, cancelled two others, as well as undertaking 19 transfers and 18 loans.
In total 1,125 transactions were carried out in the Championship, with an average commitment of £12,524.
A statement by Royals said: “It is noteworthy that our total figure also includes payments made to agents on behalf of players.
“For example, monies taken from the player's own salary to pay their own agent, which is standard industry practice. Committing finances to agents fees is necessary for a number of reasons.
“Last season the majority of our club's commitment came in the process of keeping existing players at the club with improved contracts.
“In the face of strong interest from other clubs, we agreed new contracts with a number of key players to ward off predators and keep our squad as competitive as possible, and agents fees were committed accordingly as part of that process.
“In turn, that strong squad showed their ability and repaid the club's faith by reaching the play-off final at Wembley and a second successive FA Cup quarter final.”
In announcing the latest agents' fees figures Football League Chairman Greg Clarke added: "These figures show that a considerable amount of money continues to leave the game through payments to agents.
“This highlights the importance of the work Football League clubs are doing to establish a 'breakeven' business model across all three divisions.
“No-one is trying to prevent clubs from paying agents where they feel it is appropriate, however we must make sure that clubs are not spending money they simply do not have."