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Yeah thats your board taking the cash out and lets suppose it goes into a transfer account that once the deal is signed you have no access to.
Its to stop you spending that cash on someone else and running the club into sever debt.But if you Sell a player with monthly installments you receive all that money upfront as the board know they can afford to let you use it as they will recoupl those installments.
11-07-2007, 09:18 AM
How does the signing of players on installment works? Post #3
Originally posted by xfer:
Lets say i sign XXX for 10Mil to be paid in full in 24 months, 0 Mil involved upfront.
It appears my bank balance deducts the whole sum of 10Mil despite the installment.
tthat doesnt seem right, what should happen is that you will be deducted 5m right away to cover the first 12 months so you'll only pay 5m upfront as it were.
i dont know why anyone pays all upfront anymore when structured deals seems to be much better.
11-07-2007, 10:25 AM
How does the signing of players on installment works? Post #4
Well if the money are deducting the money right away anyway, then what's the point using the installments?
Example: You bid 10 mio upfront for player X, the selling club comes back and says 16 mio over 24 months instead, then what's the point? You could just aswell offer 14 mio upfront which would probably be accepted.
11-07-2007, 10:30 AM
How does the signing of players on installment works? Post #5
Its to stop you spending that cash on someone else and running the club into sever debt.But if you Sell a player with monthly installments you receive all that money upfront as the board know they can afford to let you use it as they will recoupl those installments.
Almost right, what happens is you get half the money up front and the other half get's payed over 24months.
11-07-2007, 11:20 AM
How does the signing of players on installment works? Post #6
So am i right to say, you pay 5 mil upfront, for your "first 12 months' installment", and then right after your 12th month, u pay the other 5 mil? It doesnt work on a monthly basis?