No mate, I've left a club behind with enough revenue and reserves to cover every contract on their books. That's literally the meaning of providing investment up front.Then you have left a club behind with 22 players out of contract. The club wouldn't need the 5m every year if your revenues were so healthy.
My point is you must legislate effectively. Turnover regulation is just like expenditure regulation in its malleability.Of course you will get that going on but you don't not legislate because a few will take the piss.
Some merit in up front cover. Would some be tempted to do a Maxwell?No mate, I've left a club behind with enough revenue and reserves to cover every contract on their books. That's literally the meaning of providing investment up front.
I'd have transfer fees decided by algorithm based on age, playing record, level played at, contract length remaining and other relevant factors. If a club wants to sell a player then they put him on the Transfer Matching System at the set price. The buying club then has to pay that price.I'm in favour of some sort of financial controls rather than allowing unrestricted spending. Inflation in transfer fees caused by for example a Neymar transfer is not good for the game. FFP rules would have been much better if it had accounted for debt control and some kind of allowances in losses over a period.
In the MLB, if you sign a player I believe you have to deposit the full contract value in an escrow account.Some merit in up front cover. Would some be tempted to do a Maxwell?
Yes, that debt is payable within 7 days, iirc. It is his exit strategy.....sell the club with immediate repayment of his loan a condition. Proof of funds and all that.Because Abramovich lent them the money, as I said a few posts back, a good way to protect clubs would be to ban that and only allow equity investment by buying shares.
Blimey, Colin. Have you turned socialist?!I'd have transfer fees decided by algorithm based on age, playing record, level played at, contract length remaining and other relevant factors. If a club wants to sell a player then they put him on the Transfer Matching System at the set price. The buying club then has to pay that price.
18 months, not 7 days.Yes, that debt is payable within 7 days, iirc. It is his exit strategy.....sell the club with immediate repayment of his loan a condition. Proof of funds and all that.
Gotcha. Ta.In the MLB, if you sign a player I believe you have to deposit the full contract value in an escrow account.
Oh, me miles out. Dont know where 7 days slipped in. Old brain?18 months, not 7 days.