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02 Aug 2022 13:44:15
Found this gem on the Chelsea page regarding what happens and what costs involved in transfers. Needless to say from ED002

{Ed002's Note - The process should be along the lines of: Clubs will typically informally ask an agent (a) if the player is going to be available, and (b) would the player consider a move to the club. There may be some broad discussion on the sort of deal that would be offered but no more than that. If the answer is yes, it is then necessary for the club to approach the player's club to ask if they would be willing to sell and if they would grant permission to speak to a player's agent formally to negotiate about a transfer and even to the player about actually making a move. This will typically involve the showing of serious interest (perhaps through an offer) or actually agreeing a fee and responsibility for any significant costs (agents fees etc. ) . Once this has happened the club will be able to speak formally to the player's agent and perhaps the player himself to look at the package that will be involved. Many players are looked at and discussed at a high-level with agents and clubs; a subset of those have an offer placed; a subset of those involve discussions with the player's club; a subset of those involve discussions over terms, and; a subset of those go ahead.

Agents will often try and get more specific details of wages and other financials before they should - but most clubs are happy to follow this process. Players will often talk to other players about moves but, whilst wrong, is tolerated as it would be impossible to manage.

Alternatively, a selling club may ask an agent to find a new club for a player and he will talk directly to potential selling sides about the fee, personal terms and interest. They will typically grant permission for the player to also speak to interested parties.

The rest of the time agents will be on fishing trips trying to find interest in their players.

In terms of what happens when the negotiations take place, broad agreement (player available and open to discussions, understanding of the price) will already have been reached. The clubs will meet to discuss the details of the transfer fee, other costs associated with the move and the structure of the payments and any additional fees (e. g another €5M for winning the Champions League etc. ) but this does not take a "few days".

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 Premier League.
(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 more than £100M plus VAT on agent fees over the past three years (nearly double the next highest) including £28M last season alone when only spending a tiny amount on transfers) .
(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) Solidarity and Training Contribututions (see below) .
(n) Paying up insurance costs to the selling club (usually 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) . This is generally (there are exceptions) recoverable from the buying club but responsibility (that is meant to be with the buying club) can be assigned to the selling club.
(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 tribunal if necessary. This is generally (there are exceptions) recoverable from the buying club but responsibility (that is meant to be with the buying club) can be assigned to the selling club.
(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. }.

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02 Aug 2022 14:18:50
Blimey who would have thought it was that complicated (and expensive! ) .

Fascinating insight from Ed002, the font of all knowledge.

03 Aug 2022 09:25:22
So when we say a player has been bought for 50 million does it mean just the transfer fee and all he rest are added or is it inclusive of everything if not most of the items given?

{Ed002's Note - That would be the Transfer Fee. All the rest is added on.}

03 Aug 2022 12:53:17
. and then we complain that it's all taking too long when in actual fact we should be asking how on earth do they manage to get multiple deals through in a single transfer window. I don't know about anyone else but multimillion investments at my place of work would take considerably longer!

04 Aug 2022 07:33:44
G Jesus's transfer fees was supposed to be 45 million pounds, so the total can be anything like 60?

02 Aug 2022 08:17:57
Good morning Ed’s, are we intrested in Werner of Chelsea thanks have a great day.

{Ed002's Note - No approach has been made by Arsenal.}

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02 Aug 2022 11:47:44
Thank you Ed have a great day.

02 Aug 2022 11:52:44
Good, someone at the club has sense then.

02 Aug 2022 06:23:36
Maybe you all already know?
Leno will undergo medical this week.
Arsenal and Fulham have agreed transfer for £8m it will be announced sometime this week I hear.

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02 Aug 2022 06:42:05
Torreira is also leaving to galatasary.

01 Aug 2022 20:45:51
Hi eds are we still looking for another striker with balogan gone leaves us a little light up top.

{Ed002's Note - I have explained what Arsenal are looking for. And clubs do not buy players to replace loaners.}

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28 Jul 2022 11:15:48
Hi Ed002 has there been any interest in Ainsley Maitland-Niles or do Arsenal still see as someone they want to keep? Is he now open to staying as right back / Midfield cover? Thanks in advance.

{Ed002's Note - Ainsley Maitland-Niles (RM/RWB) will be looking for regular playing time. Arsenal will try to keep him. Roma will not take up their option. Southampton and Newcastle may offer options. Could run down his contract which would financially be a good deal for the player. Another unhappy bunny.}

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28 Jul 2022 19:52:53
Thanks Ed much appreciated.

29 Jul 2022 07:41:56
Can’t please them all Ed lol.

{Ed014's Note - yeah that’s the life of a pro, he’s never shown he’s good enough here or on loan so grab a few bucks and let him go.

29 Jul 2022 09:41:49
Championship players at best

Should of taken the money wolves offered.

29 Jul 2022 18:27:04
To be fair I`m glad he`s unhappy - shows he cares and wants to play not doing a Winston Bogarde. If like Torreira Hector Leno etc he is not in MA plans then he should be sold and any money we owe him should be paid.

Not good enough for this new Arsenal, would think even ED014 would prefer Tielemans to him - although . COYG.

{Ed014's Note - let’s just not have either! ??

30 Jul 2022 15:30:03
Ed014
Let it go!
Let it go!
Can't hold it back anymore
Let it go!
Let it go!
Turn away and slam the door.

{Ed014's Note - ????

27 Jul 2022 21:03:03
Ed can you tell me if we are in talks with melo I’ve see a little rumours we are in talks with him.

{Ed002's Note - I have explained this over an over.}

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27 Jul 2022 22:03:18
Sorry Ed I havnt seen have a great evening.

28 Jul 2022 06:52:12
Ah, see ed002 he actually meant Felipe Melo, Arsenal transfer rumour legend, still somehow playing at 39!

27 Jul 2022 11:36:27
Hi Ed, what's the situation on Dan Axel Zagadou? Are Arsenal interested in him?

{Ed002's Note - No.}

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27 Jul 2022 07:41:56
Looks like Leno to Leicester.

{Ed014's Note - I was just reading that they were looking to replace KS as he was off somewhere. Didn’t realise he was 35.

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27 Jul 2022 13:06:38
I smell a swap coming on ?.

27 Jul 2022 10:36:05
Tielman the other way?

{Ed014's Note - hopefully not Sally

27 Jul 2022 20:34:01
Can anyone tell me what Tielemans would actually add to our team, especially since we signed Viera?

27 Jul 2022 21:56:47
Tielemans would be an upgrade on xhaka in the number 8 role. How ever talented Vieira may be, he will probably not be ready to step into that role straight away. A premier league proven midfielder such as tielemans would.

28 Jul 2022 06:54:44
With the 5 substitutes rule from this year the bench strength requires to be strengthened.

 


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