Jorge Mendes: People have 'wrong idea' about football agents

On the day after the transfer window closed in England and Scotland, Portuguese football agent Jorge Mendes has defended the amount of money in the game.

Mendes, who is reported to have brokered more than £1bn worth of transfers, has been described as the most powerful figure in the game.

In an interview with the BBC, he said he believed player wages would keep rising and dismissed plans to ban third-party ownership of players as "illegal" and potentially "catastrophic".

Mendes, a former DJ and nightclub owner, also told the BBC's sports editor Dan Roan that he believed some clubs would be prepared to pay £300m for star client Cristiano Ronaldo but added the player would finish his career at Real Madrid.