Crystal Palace winger Michael Olise's agent is handed a six-month ban by the FA for breach over agreement with Reading in 2019

Glen Tweneboah has been banned for six months and handed a £15,000 fine He breached FA rules when Olise signed a three-year deal at Reading in 2019Arsenal are the real deal regardless of what happens in the title race - Listen to the It's All Kicking Off! podcast 

Crystal Palace winger Michael Olise's agent has been handed a six-month suspension for breaching rules around a contract agreed with the player's former club Reading.

Glen Tweneboah, who remains a registered intermediary and still acts on behalf of Olise, was found to have breached Football Association rules  after the player signed a three-year professional contract with Reading in 2019 summer.

Tweneboah entered into an agreement that would see him eligible for a 10 per cent cut of Olise's future transfer fee, though no such payment was ever made as reported by The Athletic.

It's a prohibited action under FA rules as only clubs and players, not agents, are able to profit from such an agreement.

Tweneboah has been handed a six-month ban which commences from 4 October 2024, meaning he can negotiate a a potential transfer for Olise this summer, and fined £15,000.

Crystal Palace winger Michael Olise's agent has been handed a six-month suspension

Crystal Palace winger Michael Olise's agent has been handed a six-month suspension

Glen Tweneboah breached FA rules after the player signed a three-year professional contract with Reading in 2019

Glen Tweneboah breached FA rules after the player signed a three-year professional contract with Reading in 2019

Your browser does not support iframes.

Olise graduated from Reading's academy and signed his first professional deal in 2019.

The 22-year-old, who is valued at £60million, has had a season to remember having scored 10 goals and provided five assists in 18 Premier League appearances.

As reported by Mail Sport earlier this month, Newcastle have rekindled interest in the Eagles forward.

Competition is rising for Olise, who has a clause in his contract that can be triggered this summer.

The France Under-21 international was pursued by Chelsea and Paris Saint-Germain last year and wants to play Champions League football when he leaves Palace.

Manchester United, City, Arsenal and Liverpool all rate Olise and key for him in his choice of next club will be regular game time to continue his upward career path.

Olise is valued at £60million by Crystal Palace and competition for the forward is rising

Olise is valued at £60million by Crystal Palace and competition for the forward is rising

The FA investigation also resulted in Reading's former chief executive Nigel Howe, academy manager Michael Gilkes and club secretary Sue Hewett also being charged.

The Royals have been handed a £200,000 fine by an independent regulatory commission for their role in the breach.

Howe has been suspended for 12 months and handed a £5,000 fine.

Meanwhile, Gilkes and Hewett have been warned about their future conduct for their involvement in the matter.

OTHER NEWS

10 minutes ago

NDP accuses deputy Speaker of partisanship over Conservative party event

10 minutes ago

Is Victoria Beckham’s Diet Healthy? She Eats The 'Same Thing Every Day,' According To Her Husband David

10 minutes ago

Celtics News: Kristaps Porzingis Posts Injury Update as NBA Finals Near

10 minutes ago

Video: Bindi Irwin shares the sweet connection between her late father Steve and daughter Grace: 'The legacy continues'

10 minutes ago

How to watch Glastonbury 2024 from home as BBC announces the 'longest celebration of the festival yet'

10 minutes ago

Video: Khloe Kardashian faces backlash after saying she is 'exhausted' from raising two kids without a live-in nanny

10 minutes ago

Video: Bruno Tonioli is reduced to tears during Britain's Got Talent live semi-finals as Phoenix Boys wow with a moving performance

10 minutes ago

Kris Jenner makes a rare remark about her and Corey Gamble relationship as she discusses their 25-year age gap

10 minutes ago

Carabao Cup and Championship matches to be free-to-air next season after landmark deal

10 minutes ago

Hiker shares frustrating encounter with fellow hikers ignoring warning signs: 'This infuriates me'

10 minutes ago

Biden says Ukraine can use U.S. arms for limited strikes in Russia

10 minutes ago

Usher to Receive Lifetime Achievement Award at 2024 BET Awards

10 minutes ago

Borussia Dortmund vs Real Madrid lineups: Champions League final team news, predicted XIs, injuries

10 minutes ago

4 UK shares Fools think could be takeover targets

12 minutes ago

‘Ayuda por favor’: Taylor Swift tells workers multiple times to get water to fans in Spain

12 minutes ago

[Hybe-ADOR Clash] Min Hee-jin Claims 'Other Two Directors Should Not Be Dismissed Either'; HYBE Refutes

12 minutes ago

Sentencing, presidential race and more: What's next for Donald Trump after verdict

15 minutes ago

AOC gloats about Trump guilty verdict at Bronx town hall

16 minutes ago

Better Stock to Buy Now: Lululemon or Planet Fitness?

16 minutes ago

Costco beats quarterly revenue estimates on strong grocery demand

16 minutes ago

Why the USMNT must show up at Copa America 2024

16 minutes ago

Dollar General beats Q1 sales estimates on demand for pocket-friendly groceries

16 minutes ago

Uttarakhand becomes first state to provide dual-language books to its students

16 minutes ago

Is Trump going to jail? Ex-president's odds of lockup over his felony convictions are slim to none, legal experts say

16 minutes ago

DJT Stock Dives After Trump Found Guilty on All 34 Charges

16 minutes ago

Car hits, kills 5-year-old Wylie boy riding bicycle

16 minutes ago

'It's a disgrace': Trump's VP hopefuls come to his defense following conviction

16 minutes ago

Mets DFA Jorge López after post-ejection glove toss, saying he went 'over line'

19 minutes ago

What was Trump found guilty of? A closer look at the 34 felony charges

19 minutes ago

Donald Trump was convicted on felony charges. Will he go to prison?

19 minutes ago

Illinois budget includes $20M aimed at repairing cuts to sexual assault crisis services

20 minutes ago

‘Bluey’ Lands In First Place On Nielsen Streaming Charts; Tom Brady Roast Attracts Impressive Live Audience

20 minutes ago

Indicator Quiz: May Edition

22 minutes ago

How Gov. Abbott, other Texas leaders are reacting to historic Trump conviction

22 minutes ago

LIVE UPDATES: Former US president Donald Trump found guilty on all 34 felony counts in hush money trial

22 minutes ago

At Amarinder Singh’s citadel Patiala, Congress pulling out all stops to pip his wife Preneet Kaur, propel Dharamvira Gandhi

22 minutes ago

Real Madrid dealt major injury blow ahead of Champions League final

22 minutes ago

Senior Odisha cops face EC ire: Who are D S Kutey, Ashish Kumar Singh?

22 minutes ago

Pittsburgh Steelers’ Russell Wilson has wild take on impact of Justin Fields

22 minutes ago

'It Was Pretty High Risk': Leader of the World's Largest Architecture Firm Says Going 'Off Track' Led to Being a CEO