The People says Richards is poised to quit his deal with Jerome Anderson's SEM agency which expires at the end of the year ... and he will not commit to a new City deal while this arrangement is in place.
The Richards camp, headed by dad Lincoln, think they can either handle their own affairs or bring in a new agent - so they do not want Anderson's firm to pick up a stunning six-figure commission.
Rival agencies have been in talks, but Richards senior could yet take over the business affairs of his son.
He is entitled to do that - and earn the agent's fee for himself.
However, Anderson has negotiated the huge terms over the past six months to a level where they have reached an initial £50,000-a-week for the 19-year-old and will not take the setback lying down.
Richards is already losing around £38,000-a-week by stalling on the City deal. By the time he gives in his notice to SEM that total will be around £450,000.