£10 MILLION PAY OFF FOR INFLUENTIAL BALE AGENTS
Gareth Bale joined a small elite of mega-rich sportsmen when he completed his world-record £86million transfer to Real Madrid earlier this month.
But a sizeable portion of the 24-year-old’s monstrous £300,000-a-week wages will go to the management firm who made the deal happen.
The Sweeper has learned that the Stellar Group earned £10m from the move as part of the contract the company signed with Real Madrid back in May to facilitate the transfer.
It is understood that the two parties negotiated a ‘duality agreement’, a typical contract in marquee transfers, with the buying club paying roughly half of the agents’ costs and the player himself the remaining 50 per cent out through his signing-on fee and salary.
Having signed a six-year contract worth £93m over the entirety of the agreement, Bale will have to hand over around five per cent to Stellar Group, who have offices in Britain, Africa and South America and represent 500 sportsmen and women from across the globe.
The principal negotiators in the deal were Stellar chairman Jonathan Barnett and David Manasseh, who has been Bale’s agent since he was 16.
Another Stellar employee who is almost a permanent fixture at Bale’s side is his minder and fixer Joshua Barnett, son of Jonathan, who has also moved to Madrid on a permanent basis, where he will live close to the player, his girlfriend Emma and daughter Alba Violet.
The timing of the deal, which Barnett senior, 63, claimed “was the most rewarding one I have had the pleasure of negotiating” is particularly welcome for Stellar, who are known to spare no expenses when it comes to doing business, with a private jet on stand-by for their blue-chip clients.