Abstract: A fishing reel has a reel body rotatably supporting a spool, a handle for applying a rotational force to the spool, a drag control member for adjustment of a braking force to be applied to the spool. The control member is disposed between a side frame of the reel body and the handle and is rotatable in unison with the handle. The improvement includes a position regulator mechanism for regulating a position of the drag control member axially relative to a handle shaft, while covering an outer periphery of the handle shaft inwardly of the control handle.