Archive for tag: Newcastle fees paid to agents.

Why have Newcastle clarified how much they have paid to agents?

December 1st, 2010 | 73 Comments |

Ashley - Why has he clarified agent payments?
Ashley - Why has he clarified agent payments?
As many of you are probably aware, the club took steps yesterday to clarify just how much it paid in fees to agents last season by releasing a brief statement on the club website.

To me it seems like a strange move, especially considering the shroud of secrecy that seems to surround our club most of the time these days.

Most of us know that agents are leeches, parasites if you will, so it’s no real surprise that they have collectively pocketed fees of £2,417,776 during our season in The Championship. That still seems like quite a lot to me, especially when you consider our relative lack of incoming transfers last season, but it’s one of those things that has to be done. Like paying for your car insurance for example – You begrudge paying for it, but you have to pay it.

So why clarify it? I’m honestly scratching my head looking for a reason why. As I said, we all know that agents fees have to be paid so why highlight it in it’s own little statement on the club website? I could understand it if it formed part of the published accounts, but it doesn’t. (more…)