Federico Pastorello wins Best Agent of the Year at the Globe Soccer Awards. Chris Whiteoak / The National
Federico Pastorello wins Best Agent of the Year at the Globe Soccer Awards. Chris Whiteoak / The National
Federico Pastorello wins Best Agent of the Year at the Globe Soccer Awards. Chris Whiteoak / The National
Federico Pastorello wins Best Agent of the Year at the Globe Soccer Awards. Chris Whiteoak / The National

Agent of the year Federico Pastorello on Covid, commission caps and the transfer window


John McAuley
  • English
  • Arabic

Federico Pastorello was named best agent at the 2021 Dubai Globe Soccer Awards, beating to the prize the likes of Jorge Mendes, Mino Raiola and Jonathan Barnett.

In August, Pastorello sealed one of the year’s most lucrative transfers by moving client Romelu Lukaku from Inter Milan to Chelsea for a club-record £97.5 million ($129m).

The National spoke with the founder and CEO of P & Sport Management, a boutique agency established in 1996, on how the pandemic has affected the business, player vaccinations and the January transfer window, and capping the commission agents receive from transfers.

Understandably, a lot has been made recently about whether footballers have a duty to take the Covid-19 vaccine. Would you advise your clients to get the jab?

It’s a very delicate topic. Regarding my players, we don’t really recommend because it is something that we need to respect. Because there are people that they don’t ask, they don’t want, and they need to be respected. But personally, I am pro-vaccine, not only for our job, but also for society. Because if there would be another lockdown it would really be a huge problem, not only for football, but for many other areas of our planet.

Liverpool manager Jurgen Klopp said this month that he would be wary of signing unvaccinated players in future, given the implications that could have on the rest of the squad. Other managers, including Ralf Rangnick at Manchester United, agree. Do you imagine that will be a major issue going into the winter transfer window?

I’m not updated regarding the numbers of non-vaccinated players, but I think you can count on the fingers on one hand — maybe there would be two/three players per squad, no more — who are not vaccinated.

And honestly, I agree with Klopp that this can be a possible matter to decide: if two players are on the same level of skills, transfer fee and salary, and one has been vaccinated and one doesn’t want to do it, maybe I understand that this can be a problem. But, from my information, many players that now have Covid are all vaccinated. So unfortunately, it looks like the vaccine is not 100 per cent protecting us.

The Premier League decided last week to go ahead with this packed Christmas schedule despite matches being called off because of Covid cases rising inside clubs. Are players concerned by the current situation, and having to play amid these outbreaks?

For sure, many games have been postponed for the clubs where it wasn’t even possible to find the players. This is a big concern. But I’m 100 per cent sure that the English authorities and Premier League are for many years an example as to how to manage the business of football. They’ll know if it’s necessary or not to suspend the championship.

The only problem is that there are so many games to play in the end, there are all these competitions, and there is the World Cup at the end of 2022 that will squeeze a lot the summer period. So, this will be very complicated to fix all the games. But there is a social issue, this is absolutely very important to respect. Because at the end of the day, nobody wants Covid by choice. Saying that, all the measures possible are taken. And all the players have a private life, so the problem arrived from outside, unfortunately, not really inside the training ground.

Given the situation with the pandemic, how do you envisage the January transfer window to be. How will that impact what happens next month?

I think it depends a lot on the countries. I don’t see any way that there’s a big, big spending anywhere. Normally we’re used to seeing the clubs of the Premier League as the big movers. I think there will be some clubs, like West Ham [United] for example are finding themselves in a very interesting situation, so maybe with a small effort they can improve their chances of being top four. Or Leicester that’s facing a little bit of a weak season, so maybe they will try to make something, also Everton.

But for the big, big one, I don’t expect huge things, because they have amazing squads anyway. Maybe some loans, but I don’t see anything so special. In Italy as well, there will be something, but not really big. The top clubs have still four or five players more than they should, so I think they will be more concentrated on trying to move out those players.

You obviously sealed one of the biggest transfers of 2021, in Lukaku to Chelsea. But how has the pandemic affected the transfer business and how you advise the players you look after?

Let’s say — apart from Romelu, that was for sure an exceptional case — I was trying to educate our clients to make them more sensitive about the difficulties there are today. So the fact that we can now be much happier to have a good contract even if the things are not going so well in terms of the amount of playing time. Today it’s important to have a good contract and a good club. And then after, if we don’t play one game it’s not a catastrophe like before.

For sure, we must be a little bit more creative in terms of swapping players, or to try to give the opportunity to sell first a player to buy. So, giving our best to find the right solution and maybe to be a little bit moderated to understand that this particular time is very complicated.

There have been considerable calls recently for fees paid to agents from transfers to be capped, with Fifa this month releasing a report saying those fees this year totalled more than $500 million. Fifa wants to impose a 10 per cent cap from next year. Do you think there should be a limit on commission?

Honestly, I’m saying also publicly that it’s true that our commissions have probably risen to amounts that are really important, maybe even too much for the work, for the responsibility that we have. We are not the football players; we are not the clubs. We are for sure a very important mechanism in this business, but I think there should be a limit on that. But I’m not saying that to be like Peter Pan. It’s just because I really think that if we’re keeping this situation for a long time, probably the system will be less healthy and then, at the end of the day, everybody will have to pay a big bill. I think it’s better to find a good way to manage the worldwide business in football.

And also to give more protection for us. It’s very easy to say we receive $6m in commissions, but if you go deeper to see how much of this money has been really paid you will see that it’s less than 25 per cent. Because there are clubs in big trouble financially and because we don’t have the same guarantee of the clubs and of the football players, this became a little bit more a problem. We are not the most important part, for sure. But a good agent can make a big difference for the career of the player. And consequently also for the club. Because, if the player is well managed, the club also for sure have to earn something because the player would be more stable and more concentrated on his career. So it’s a domino effect.

Personally, we've invested a lot in our structure to try to deliver to our player the best career as possible. Saying that, I think we can establish a more correct limit in terms of commission.

Given the recent move to implement a cap, and the stern opposition from some leading agents, do you think a limit will eventually be imposed?

Listen, I see the story repeating many times and then in the end nothing happens. Maybe now because of this pandemic they will use this as an excuse to do something important. Let’s see. What we would like to do is have the possibility to talk with institutions, because the problem is that until now, they were making our rules without asking us how it works. Ask then have a proper and balanced solution.

So we’re not against putting a limit, but we would like to then also have some protection to be paid on time. This is less of a problem for the big agents, but is a huge problem for the agents that have just two or three players, or maybe the young agents that are starting now, where every little invoice must be paid otherwise they cannot invest in their business. We are talking with the institutions, particularly Uefa.

With Fifa it is really complicated; unfortunately, they are not really thinking too much about the system. But Uefa are much more open-minded, younger, and more open to discuss this topic. So maybe this time there will be some good news — also for us.

Federico Pastorello's client Romelu Lukaku signed for Chelsea from Inter Milan in August for a club-record fee of £97.5m. AFP
Federico Pastorello's client Romelu Lukaku signed for Chelsea from Inter Milan in August for a club-record fee of £97.5m. AFP
Ovo's tips to find extra heat
  • Open your curtains when it’s sunny 
  • Keep your oven open after cooking  
  • Have a cuddle with pets and loved ones to help stay cosy 
  • Eat ginger but avoid chilli as it makes you sweat 
  • Put on extra layers  
  • Do a few star jumps  
  • Avoid alcohol   
ON%20TRACK
%3Cp%3EThe%20Dubai%20Metaverse%20Assembly%20will%20host%20three%20main%20tracks%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEducate%3A%3C%2Fstrong%3E%20Consists%20of%20more%20than%2010%20in-depth%20sessions%20on%20the%20metaverse%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInspire%3A%3C%2Fstrong%3E%20Will%20showcase%20use%20cases%20of%20the%20metaverse%20in%20tourism%2C%20logistics%2C%20retail%2C%20education%20and%20health%20care%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EContribute%3A%3C%2Fstrong%3E%20Workshops%20for%20metaverse%20foresight%20and%20use-case%20reviews%3C%2Fp%3E%0A

Sui Dhaaga: Made in India

Director: Sharat Katariya

Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav

3.5/5

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The specs: 2017 GMC Sierra 1500 Denali

Price, base / as tested Dh207,846 / Dh220,000

Engine 6.2L V8

Transmission Eight-speed automatic

Power 420hp @ 5,600rpm

Torque 624Nm @ 4,100rpm

Fuel economy, combined 13.5L / 100km

match info

Maratha Arabians 138-2

C Lynn 91*, A Lyth 20, B Laughlin 1-15

Team Abu Dhabi 114-3

L Wright 40*, L Malinga 0-13, M McClenaghan 1-17

Maratha Arabians won by 24 runs

THE BIG THREE

NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m

ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m

RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m

Christopher Robin
Starring: Ewan McGregor, Haley Atwell, Jim Cummings, Peter Capaldi
Three stars

THE BIO

Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

Favourite Book: The Alchemist

Favourite quote: Failing to prepare is preparing to fail

Favourite place to Travel to: Vienna

Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

If you go

Flying

Despite the extreme distance, flying to Fairbanks is relatively simple, requiring just one transfer in Seattle, which can be reached directly from Dubai with Emirates for Dh6,800 return.

 

Touring

Gondwana Ecotours’ seven-day Polar Bear Adventure starts in Fairbanks in central Alaska before visiting Kaktovik and Utqiarvik on the North Slope. Polar bear viewing is highly likely in Kaktovik, with up to five two-hour boat tours included. Prices start from Dh11,500 per person, with all local flights, meals and accommodation included; gondwanaecotours.com 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Liverpool 4-1 Shrewsbury

Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')

Shrewsbury
Udoh (27'minutes)

Man of the Match: Kaide Gordon (Liverpool)

How to improve Arabic reading in early years

One 45-minute class per week in Standard Arabic is not sufficient

The goal should be for grade 1 and 2 students to become fluent readers

Subjects like technology, social studies, science can be taught in later grades

Grade 1 curricula should include oral instruction in Standard Arabic

First graders must regularly practice individual letters and combinations

Time should be slotted in class to read longer passages in early grades

Improve the appearance of textbooks

Revision of curriculum should be undertaken as per research findings

Conjugations of most common verb forms should be taught

Systematic learning of Standard Arabic grammar

Abu Dhabi GP weekend schedule

Friday

First practice, 1pm 
Second practice, 5pm

Saturday

Final practice, 2pm
Qualifying, 5pm

Sunday

Etihad Airways Abu Dhabi Grand Prix (55 laps), 5.10pm

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

Updated: December 30, 2021, 3:54 AM