June 15, 2024

Home of Crystal Palace F.C

Home of Crystal Palace F.C

FA Bans Michael Olise’s Agent Over Illegal Contract Clause

2 min read

The Football Association (FA) has imposed a six-month ban on Michael Olise’s agent due to a prohibited clause found in a contract signed at his previous club, Reading. Despite the agent’s suspension, Olise remains eligible to transfer clubs this summer amidst interest from Manchester United and Arsenal.

Reports indicate that registered intermediary Glen Tweneboah, who continues to represent Olise, received the ban after breaching FA agent rules with a clause in Olise’s contract at Reading. The clause entitled Tweneboah to 10% of any transfer fee paid to Reading, a practice prohibited by the FA. However, Tweneboah did not ultimately receive any payment for brokering Olise’s £8 million move to Crystal Palace in 2021.

Tweneboah’s suspension, effective from October 4th, allows him to oversee a potential summer transfer for Olise if the player departs Selhurst Park. Recent reports suggest that Olise would be interested in joining Manchester United if they firm up their interest, particularly since their association with INEOS, who have assumed control of the club’s footballing operations.

However, Chelsea is unlikely to revive their interest in Olise, having faced complications regarding a release clause in his Palace contract last year. Despite initial efforts, Chelsea backed away from a deal after Palace threatened legal action. Olise then negotiated a new contract, featuring a similarly complex release clause, partly facilitated by Tweneboah.

In addition to Manchester United, Arsenal has also been linked with a summer move for the 22-year-old midfielder. Despite battling injuries this season, Olise has showcased his talent as one of the Premier League’s most promising young players, registering ten goals and five assists in just 18 appearances.

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