Palace winger Olise’s agent banned for six months.
Crystal Palace winger Michael Olise’s agent has been suspended for six months for breaking rules regarding the player’s prospective transfer while he was at Reading in 2019.
Glen Tweneboah was judged to have violated Football Association rules by entering into an arrangement that would have entitled him to a 10% cut of Olise’s potential transfer fee, despite the fact that no such payment was ever made, The Athletic reported.
Olise graduated from the Royals’ programme and got his first pro deal in 2019.
The 22-year-old has scored 10 goals for Palace this season and has been linked with a move away from Selhurst Park, with the club valuing the player at £60 million.
Reading has been fined £200,000 for their involvement in the infraction, while Nigel Howe, the club’s CEO at the time, has been suspended for 12 months and fined £5,000 by an independent regulatory body.
Tweneboah’s ban is effective from October 4, 2024, which means he may still negotiate any potential move for Olise this summer, and he has been fined £15,000.
Reading’s head of football operations, Michael Gilkes, and club secretary, Sue Hewett, were warned about their future behaviour because of their role in the matter.
The Royals issued a statement claiming they were “extremely disappointed” by the “excessive” punishments, which they attributed to a “single agent negotiation”.
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