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30 May 2016 19:28:08
ed002 do you expect diego simone to resign or will he carry on? as he has a great team full of young stars, any info you have will be appreciated.
{Ed002's Note - They have a very difficult couple of years coming up and having already turned down one opportunity I expect that he will stay and the club will support him.}
1.) 30 May 2016 20:03:51
Thanks for the reply ed002, appreciate it.
2.) 31 May 2016 13:42:48
Hey ed, forgive me if I have missed anything, but why do Atleti have difficult years coming up? I really support what they have accomplished in Spain with more limited recources than the big two, and hope they will be able to maintain the pressure.
{Ed002's Note - Unless it is overturned AM will have a two window transfer ban imposed once this window closes meaning the earliest they could sign players is January 2018 and the summer of 2018 before any significant purchases are viable.}
kingkenny7's banter posts with other poster's replies to kingkenny7's banter posts
24 May 2022 22:02:52
Are Ac Milan still in line for a takeover? and will this help them keep there best players?
Are the takeover rules different between italian and english clubs?
or is it pretty much universal?
{Ed002's Note - Yes but there is a second bidder which may make the first bidder take notice or not, the double-double bluff.}
1.) 24 May 2022 22:29:03
Interesting stuff! thanks Ed002: one to keep a eye on.
Do you expect the first bidder to budge or will they keep there nerve and see off the 2nd bidder?
Also talk of Dybala joining inter, do you expect that to happen?
{Ed002's Note - The initial bidder has stepped aside at least for now.
Investcorp and RedBird Capital are both looking to buy Milan. Investcorp are less than happy with trying to deal with the Vulture Capitalists Elliott Management and have stepped back, at least temporarily. RedBird Capital can now move ahead with the purchase. Former owner Yonghong Li is looking to block the sale unless he gets a significant payment - although this is largely noise.
Dybala wants to move to Real Madrid or PSG, but that seems unlikely as neither are interested in him - which opens the door to a move to Inter if they are willing to match his significant financial demands. Offers from other sides have already been rejected by the player. }
10 Aug 2016 15:37:03
ed002 could you be so kind as to let us know the true cost of pogba's transfer fee, at work the utd fans think they will get the money back from shirt sales! my guess is the real figure is more than double the official fee, I understand if you don't want to get involved in the subject as you have been bombarded on this player all summer.
{Ed002's Note - There is a very good reason that I don't wish to tell you how the fee breaks down as it would cause some issues - but it might be an apt time to explain again about the cost of transfers (excluding wages). What is paid by the buying club would typically include:
(a) Transfer fee - the big number.
(b) Any levy applied by the local FA – 5% for the EPL.
(c) Tax due on the transfer fee – typically this will be VAT (at varying rates across Europe) some or all of which should be reclaimable.
(d) Agent fees – this may be to one or more agents (as an example, Liverpool have spent £40M plus VAT on agent fees over the past three years leading to this window).
(e) Tax due on the agent fees – typically this is VAT at the local rate where the agent bills from – it is not reclaimable.
(f) Intermediary fees – this may be to one or more sponging leeches (what do you mean you have a super agent?) .
(g) Tax due on the Intermediary fees – typically this is VAT at the local rate where the Intermediary bills from – it is not reclaimable.
(h) Signing on fee to the player (possibly including non-reclaimable VAT if the player is VAT registered).
(i) Legal fees.
(j) VAT on legal fees which is reclaimable.
(k) Moving/relocation costs for the player.
(l) VAT on moving/relocation costs which is reclaimable.
(m) Paying up insurance costs to the selling club (sometimes waived).
What is paid by the selling club would typically include:
(a) If the player is under 24 and moving between different football associations, a Solidarity contribution paid to his previous clubs responsible for his training - this is 5% of the transfer fee received (apportioned 5% of the contribution for each year from the season of his 12th birthday to the season of his 15th birthday and 10% of the contribution for each season from his 16th to 23rd birthdays).
(b) If the player moves to a higher category club (all clubs being categorised 1 to 4) then Training Compensation is due for the period of age 12 to 21. Compensation is due to all clubs when the player turns from amateur to professional and thereafter only when he moves from his final training club to another club. The initial training compensation is levied at the training costs associated with Category 4 clubs. The subsequent figure is agreed between the sides or tribuneral if necessary.
(c) Any monies owed to the player if he did not request a transfer – again this is 5% of the transfer fee received.
(d) Any monies owed to the player in terms of his contract (typically outstanding owed wages (not future wages) and bonuses).
(e) Any money contractually due to a previous club as the result of a sell-on clause.
And I can assure your chums at work that shirt sales are not the answer.
The money from shirt sales goes to the manufacturer, the distributor and the retailer, who can make extra adding numbers and names to the shirts. If the club are the retailer (club shop, club website etc.) then they get the retailers cut. The manufacturer (Adidas, Umbro, Nike etc.) pay the club an amount each year which allows them to manufacture and sell the shirts using the correct logos etc.. That is how they justify the money given to the club. So if you walk in to a high street store and buy a Liverpool or Arsenal shirt - nothing goes to the club. There are a few clubs that have negotiated different deals with manufacturers (Real Madrid with Adidas and Barcelona with Nike are the two obvious examples) based upon joint reselling ventures. So the income from shirts is fixed to the £xM or whatever Adidas, Nike etc. pay the club plus a small amount for reselling through the club retail outlets (shop, web).}
1.) 10 Aug 2016 22:43:57
Interesting read, thanks ed.
I knew there was a lot involved but didn't realise just how much.
Also I didn't realise the player receives some of the fee if he didn't request a transfer. The player wins on all fronts really. Usually earns higher wages at a new club, maybe gets a signing on fee and potentially earns some of the transfer fee. Crazy really.
2.) 11 Aug 2016 03:21:05
thanks ed002 for such a detailed answer, I appreciate it, as you rightly say the average football fan gets confused by transfer fees, these "chums" had not even considered his wages, I promise that's the last time I mention his name and once again thank you for your time and patience.
03 Jun 2016 17:44:43
ed002 what do you know about the Chinese who have bought inter milan, any info would be great, and also I heard that ac Milan's potential Chinese deal is being held up because Berlusconi wants to stay as life president and the Chinese want him gone completely any truth in that or is that just bull? thanks for your time, also let me just say I thank you for everything you have given to the Liverpool site.
{Ed002's Note - The Chinese? Small but tasty.}
1.) 03 Jun 2016 21:18:57
That has made me smile ed002, thanks for that, have a good weekend.
{Ed002's Note - And you KK.}
07 May 2016 22:36:13
ed002 do you know anything about juventus being interested in Christian bentenke or is it just another silly rumour that has no substance to it? any info you have would be great. Thank you.
{Ed002's Note - Juventus are expecting to lose one forward this summer and are aware that another might also depart. They have already identified the two they are looking to bring in. If Mandzukic were to leave then perhaps they would be looking for that style of striker.}
1.) 08 May 2016 15:01:24
thanks for the reply ed002.
03 May 2016 14:35:13
question for you ed002 I have heard rumours that a Chinese consortium is looking to buy ac milan how likely is it to happen in your opinion?
{Ed002's Note - I have no measure of likelihood. Since China opened up it has thrown a massive potential market in to the mix for professional sports (not just football, but there are other growth sports as well) and a number of Chinese companies see the potential for significant income form the game. Chinese money is already flooding through football with ownership and/or investment in clubs as diverse as Espanyol, Den Haag, Sochaux, Atletico Madrid, Slavia Prague and significantly, City Football Group. City of course owns Manchester City, New York City, Yokohama F Marino and Melbourne City - and are looking to expand in to China and South America. For years the professional game in China was under a cloud of corruption (including match-fixing) and the Chinese, and to be fair FIFA, have worked very hard to resolve the issues. The game is on the up there and they have the money to pretty much do what they want. They now a shift will be coming in Europe and I would expect to see further investment in European sides - there is one organization looking hard at Germany and another at Italy - and I suspect next up will be investment in one of the major Italian sides, very probably one of the Milan clubs - and there have already been discussions with both. They of course have to work within certain legal ownership frameworks and that will restrict investment in certain countries. Do not be surprised to see an English side be taken over by Chinese owners in the not too distant future. Meanwhile, the profile of the game at home is increasing and the market to be tapped significant. I spent several months in Hong Kong working in both 1988 and again in 1990 and it was clear then that the mainland needed a step change and it could get leverage over so much - since then that has happened. Six months working out of Beijing in 2005 (until they pretty much forced me out) showed that changes were happening - since then I understand from colleagues who do visit that it has moved on a lot.}
1.) 03 May 2016 15:16:36
thanks for such a detailed reply ed002, that more than answers my query, be interesting to see which English club that will be as well. Thanks for your time.
{Ed001's Note - I know of three Chinese investment groups looking at investing in professional European football clubs. One is currently in talks with a French second tier side, but they are also actively seeking an English side, as well as a side in Italy and Spain.}
2.) 03 May 2016 15:31:18
don't tease me ed001 which English side is it?
{Ed001's Note - I honestly don't know mate, they are seeking one, they don't have one lined up.}
3.) 03 May 2016 15:55:49
2 obvious ones spring to mind ed001 but I think I shall quit while i'm ahead, thanks for your time mate.
{Ed001's Note - no worries mate, I just don't like to guess.}
4.) 04 May 2016 14:12:02
Leeds have been looked at in the past by Red Bull. They could be 1 of the club's. Seeing as the Italian guy might want to sell up too, probably to pay for his showbiz lifestyle.
{Ed002's Note - No, they are not looking at Leeds.}
5.) 05 May 2016 11:50:10
Woah. Didn't realise they were that into it. Think this is good or bad?
I for one as a Juve fan want to see one of the Milan teams back to where they used to bem
30 May 2016 20:03:51
Thanks for the reply ed002, appreciate it.
24 May 2022 22:29:03
Interesting stuff! thanks Ed002: one to keep a eye on.
Do you expect the first bidder to budge or will they keep there nerve and see off the 2nd bidder?
Also talk of Dybala joining inter, do you expect that to happen?
{Ed002's Note - The initial bidder has stepped aside at least for now.
Investcorp and RedBird Capital are both looking to buy Milan. Investcorp are less than happy with trying to deal with the Vulture Capitalists Elliott Management and have stepped back, at least temporarily. RedBird Capital can now move ahead with the purchase. Former owner Yonghong Li is looking to block the sale unless he gets a significant payment - although this is largely noise.
Dybala wants to move to Real Madrid or PSG, but that seems unlikely as neither are interested in him - which opens the door to a move to Inter if they are willing to match his significant financial demands. Offers from other sides have already been rejected by the player. }
24 May 2022 22:29:56
He has had a superb season with Milan that's for sure.
11 Aug 2016 03:21:05
thanks ed002 for such a detailed answer, I appreciate it, as you rightly say the average football fan gets confused by transfer fees, these "chums" had not even considered his wages, I promise that's the last time I mention his name and once again thank you for your time and patience.
03 Jun 2016 21:18:57
That has made me smile ed002, thanks for that, have a good weekend.
{Ed002's Note - And you KK.}
01 Jun 2016 16:13:08
brilliant summary ed002, this is why you are so valuable to us all!
{Ed002's Note - I probably just stole it from Macca without giving due credit.}