Spurs Rumours Archive August 25 2014

 

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25 Aug 2014 16:41:33
Eds what are the chances of getting Depay eventhough he signed a contract extension last week?

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{Ed002's Note - A "donuts chance in Putney" I understand the old Cockney adage is.}

25 Aug 2014 13:14:22
Can any of the eds advise what's happening with the fazio deal. are we waiting to offload Dawson to hull first

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{Ed002's Note - The order is really unimportant. Spurs have agreed to pay the "termination clause" for Fazio so subject to the player agreeing the move, passing a medical and, critically, Spurs depositing the full amount of money with the Spanish FA, the deal can go ahead.}

Thanks ed. Why is it our transfers always seem to be v complicated. We agree a fee etc everyone says the player is leaving and then they fall through

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{Ed002's Note - The same question is asked on all pages. It is true in many cases transfers go through quickly. Other can be the result of more than a year long negotiation. There are a lot of add on costs which have to be accounted for - and these can take time to agree:
As for transfer fees, 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 £25M 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, a Solidarity contribution paid to his previous clubs responsible for his training - this is 5% of the transfer fee received.
(b) Any monies owed to the player if he did not request a transfer – again this is 5% of the transfer fee received.
(c) Any monies owed to the player in terms of his contract (typically outstanding owed wages (not future wages) and bonuses).

But with Fazio having a "termination" clause it is much easier.}

Thanks ed really appreciate you taking the time to explain the finer details. if only it was easy like on fifa or football manager :)

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{Ed002's Note - One question you didn't figure out to ask was about this "termination" caluses - and this is an important question in what is a horribly complex area - not least because these "clauses" are written under individual national laws. So for information:

The "buy out" clause is legally binding between a club and a player. The "buy out" is effectively what it says - a means for the player to buy himself out of the contract. As an example, if a player wishes to buy himself out of a contract, he pays the applicable FA the amount of the "buy out" clause effectively becoming a free agent. The problem is that in most cases a player would need to obtain that money from the buying club - and this is fraught with issues regarding "tapping up" and, of course, taxation as it can be seen as income for the player and would therefore be subject to income tax. There was a test case about the taxation issue in Spain about three years ago.

A "release clause" is far more common in that it gives a figure that the club would accept for the sale of a player to another club - but it is not legally binding except where both parties are in and operating under the laws of the same country, exceptions exist in certain countries - notably Spain and Portugal. These are normally unreasonably high figures (Messi at Barcelona for example) introduced to act as a deterrent for hostile bids - and even then the club could easily block a move. However, if a club does agree to match a release clause then the club would be obliged to ask the player if he is interested. Examples are Goetze who decide he wanted to move and Cavani who, regardless of two offers that were made in 2012 that matched or equated to his then "release clause" recognised, Napoli did not want to sell and could block a move abroad and he accepted a new package. So talk of an English club matching the "release clause" for a player in Spain means little - although some clubs use the "release clause" as what they would accept from a foreign side.

There is then the becoming popular "termination clause" which is binding between the player and the club and if met would see an offer from anywhere accepted and the player given the opportunity to make a call on a move. This overcomes the issues associated with "buy out" clauses as the money would be paid by one club to another (via the buying club's FA). This is the situation with Fazio and Spurs.}

So on that basis it is one of the more basis transactions. I know you don't speculate on transfers eds but in your personal opinion do you think we will sign fazio?

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