Zurich, Apr 27 (AP) Nearly half the candidates failed a new FIFA exam to work as a player agent in soccer, the governing body said on Thursday.

Only 1,962 people — 52 per cent of the 3,800 candidates worldwide — passed last week's test to get a license that will be mandatory to work in transfer and contract negotiations from October.

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FIFA is being challenged in multiple legal cases across Europe by agents and lawyers seeking to block the new licensing system that would cap fees and regulate an industry that earns hundreds of millions of dollars each year.

A second round of exams will be held in September. It costs $600 to take the test and the pass mark is set at 75% for answering 20 questions in one hour in English, French or Spanish.

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The test is mandatory for would-be agents who were not licensed in 2015 under a previous system.

Long-time agents, including some who have earned tens of millions of dollars from the highest-profile transfer deals, can be exempted from the test if they apply for a license by September. They must also commit to ongoing training.

FIFA wants to cap agent earnings at a maximum 10 per cent of transfer fees when they act for the selling club.

Agents would also be limited to taking 3 per cent of a player's salary when those earnings are more than USD 200,000 per year, or 5 per cent when the player earns up to USD 200,000. Those limits would be 6 per cent and 10 per cent, respectively, when the agent acted for both the player and the club signing them. AP

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)