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“Breach of Transfer Regulations: Crystal Palace’s Olise Agent Banned, Reading Penalized”

What you need to know more about

  • Crystal Palace winger Michael Olise’s representative has been sanctioned with a six-month ban for violating regulations concerning a prospective transfer of the player during his tenure at Reading in 2019.
  • Reading has been fined £200,000 for their role in the breach, while their former CEO, Nigel Howe, has been slapped with a 12-month suspension and a £5,000 fine by an independent regulatory panel.

Crystal Palace winger Michael Olise’s representative has been sanctioned with a six-month ban for violating regulations concerning a prospective transfer of the player during his tenure at Reading in 2019.

Glen Tweneboah was found to have infringed Football Association rules by engaging in an agreement that entitled him to a 10% share of Olise’s potential transfer fee, despite no such payment materializing, as reported by The Athletic.

Olise, a product of Reading’s youth academy, inked his maiden professional contract in 2019. The 22-year-old has netted 10 goals for Palace this season and attracted interest from other clubs, prompting Selhurst Park to place a £60m price tag on him.

Reading has been fined £200,000 for their role in the breach, while their former CEO, Nigel Howe, has been slapped with a 12-month suspension and a £5,000 fine by an independent regulatory panel.

Tweneboah’s suspension, commencing from October 4, 2024, leaves open the possibility for him to handle potential transfers for Olise this summer, albeit with a £15,000 fine imposed.

Reading’s head of football operations, Michael Gilkes, and club secretary, Sue Hewett, received warnings regarding their future conduct in relation to the incident.

In response to the penalties, Reading issued a statement expressing “extreme disappointment” with what they deemed “excessive” sanctions, emphasizing that they stemmed from a “singular agent negotiation”.

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