A PYMNTS Company

South Africa: Soccer agents hit back at Comp Commission

By  |  October 11, 2017

Now facing prosecution after they were summoned to the Competition Tribunal by the Competition Commission, South Africa’s football agents – under the banner SAFIA, a 37-member association formed by the same player representatives – say they will file a written affidavit contesting the accusations.

The Competition Commission on Tuesday, October 10, confirmed that it had launched an investigation into the dealing of agents when negotiating contracts for players and coaches in the Premier Soccer League.

It said it found that they had “fixed prices and trading conditions” and would therefore be prosecuted for colluding and not sticking to the recommended 3%.

“The allegations made by the Competition Commission are vehemently denied and SAFIA will proceed to object to the referral to the Tribunal. An answering affidavit will be filed within the stipulated time period,” the agents said in a statement late on Wednesday, October 11.

Full Content: Yahoo

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.