Where's this come from? I've missed Wan Bissaka being linked.
Summer Transfer Window Discussion
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Bluebridge
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sam of the south
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Re: Summer Transfer Window Discussion
;Telegraph
The Premier League has written to its 20 clubs to remind them they will be punished for fraudulent player transfers, as scrutiny grows on the so-called swap deals which have been done by certain clubs in an attempt to generate funds to be compliant with financial controls.
The email to clubs went out after days of unusual activity in the transfer window which has seen certain clubs sell – or attempt to sell – one another players. It has been identified in some cases as an attempt to add book value before the end of the financial year on Sunday in order to comply with profitability and sustainability rules (PSR).
The Premier League’s director of governance Jamie Herbert has warned clubs that his department is looking for “issues of concern” around whether deals represent good faith “arm’s length” transactions over £1 million. It has the power to request from clubs details on how the negotiations took place, including correspondence externally and internally and any other documentation.
If the league decides that the transfer was not conducted at arm’s length it can then impose fair market value (FMV) rules. Those rules apply on the league’s handbook to associated party transactions. Those govern deals for players or commercial contracts between a Premier League club and another entity who may share the same ownership. Those rules are intended to stop the false inflation of commercial deals, and also to stop clubs in a multi-club ownership group trading players on deals that do not reflect accurate prices.
The FMV rules for assessing the fair value of a player lists 18 factors it applies and detailed at length in appendix 19 of the Premier League handbook. Those include everything from the player’s age, to his position, playing statistics, honours, and injury history. On the club side, the Premier League will assess the “financial state and relative bargaining position” of the clubs involved and “any urgent need for liquidity” in the selling club.
Herbert has reminded clubs that it has the power to order the return of a transfer fee, in full or in part, to a buying club if it judges that the fee has been inflated. It reminds clubs they are obliged to act in all deals with “utmost good faith” and provide accurate financial information at all times.
Some clubs may have identified PSR swaps as a way to comply. Any transfer fee is booked immediately in its entirety by a selling club while acquisitions are amortised under standard accounting practice over the course of a player’s contract.
Many clubs have financial years end on June 30, and all are still obliged to submit accounts that show they have not made more than £105 million in losses over a rolling three-year monitoring period.
Aston Villa are one club that could fall under scrutiny They have signed the Everton striker Lewis Dobbin, 21, for £10 million. Everton have bought the Villa midfielder Tim Iroegbunam, 20, for around £9 million. Both players are England junior internationals at different levels.
Villa have also bought Chelsea’s Dutch left-back Ian Maatsen, 22, for around £37.5 million although the club are clear that is an investment long-planned in Unai Emery’s side in a position that needed strengthening. Chelsea have acquired Villa’s very promising 18-year-old midfielder Omari Kellyman for £19 million.
Although Premier League rules governing transfers are broad, section B.15 requires clubs to act in “utmost good faith” towards one another and the league. “For the avoidance of doubt and by way of example only, it shall be a breach of the duties under this rule to act dishonestly towards the league or another club; or engage in conduct that is intended to circumvent these rules or obstruct the board’s investigation of compliance with them.”
The Premier League has written to its 20 clubs to remind them they will be punished for fraudulent player transfers, as scrutiny grows on the so-called swap deals which have been done by certain clubs in an attempt to generate funds to be compliant with financial controls.
The email to clubs went out after days of unusual activity in the transfer window which has seen certain clubs sell – or attempt to sell – one another players. It has been identified in some cases as an attempt to add book value before the end of the financial year on Sunday in order to comply with profitability and sustainability rules (PSR).
The Premier League’s director of governance Jamie Herbert has warned clubs that his department is looking for “issues of concern” around whether deals represent good faith “arm’s length” transactions over £1 million. It has the power to request from clubs details on how the negotiations took place, including correspondence externally and internally and any other documentation.
If the league decides that the transfer was not conducted at arm’s length it can then impose fair market value (FMV) rules. Those rules apply on the league’s handbook to associated party transactions. Those govern deals for players or commercial contracts between a Premier League club and another entity who may share the same ownership. Those rules are intended to stop the false inflation of commercial deals, and also to stop clubs in a multi-club ownership group trading players on deals that do not reflect accurate prices.
The FMV rules for assessing the fair value of a player lists 18 factors it applies and detailed at length in appendix 19 of the Premier League handbook. Those include everything from the player’s age, to his position, playing statistics, honours, and injury history. On the club side, the Premier League will assess the “financial state and relative bargaining position” of the clubs involved and “any urgent need for liquidity” in the selling club.
Herbert has reminded clubs that it has the power to order the return of a transfer fee, in full or in part, to a buying club if it judges that the fee has been inflated. It reminds clubs they are obliged to act in all deals with “utmost good faith” and provide accurate financial information at all times.
Some clubs may have identified PSR swaps as a way to comply. Any transfer fee is booked immediately in its entirety by a selling club while acquisitions are amortised under standard accounting practice over the course of a player’s contract.
Many clubs have financial years end on June 30, and all are still obliged to submit accounts that show they have not made more than £105 million in losses over a rolling three-year monitoring period.
Aston Villa are one club that could fall under scrutiny They have signed the Everton striker Lewis Dobbin, 21, for £10 million. Everton have bought the Villa midfielder Tim Iroegbunam, 20, for around £9 million. Both players are England junior internationals at different levels.
Villa have also bought Chelsea’s Dutch left-back Ian Maatsen, 22, for around £37.5 million although the club are clear that is an investment long-planned in Unai Emery’s side in a position that needed strengthening. Chelsea have acquired Villa’s very promising 18-year-old midfielder Omari Kellyman for £19 million.
Although Premier League rules governing transfers are broad, section B.15 requires clubs to act in “utmost good faith” towards one another and the league. “For the avoidance of doubt and by way of example only, it shall be a breach of the duties under this rule to act dishonestly towards the league or another club; or engage in conduct that is intended to circumvent these rules or obstruct the board’s investigation of compliance with them.”
Re: Summer Transfer Window Discussion
Ridiculous for anybody to think those lads aren't worth £9m & £10m in today's market.
Utterly not concerned.
It's just whether some dickhead at Villa/Everton has sent an email saying "hey, I've got a great idea for blagging PSR" that hasn't been purged from the server.
Utterly not concerned.
It's just whether some dickhead at Villa/Everton has sent an email saying "hey, I've got a great idea for blagging PSR" that hasn't been purged from the server.
Re: Summer Transfer Window Discussion
Ah right.
So you're not allowed to sign a player in exchange for money anymore?
Got it.
So you're not allowed to sign a player in exchange for money anymore?
Got it.
Re: Summer Transfer Window Discussion
I don't think this is a can of worms that the Premier League will want to open and I'm going to (perhaps foolishly) assume the clubs involved aren't stupid enough to leave a paper trail of any sort of collusion.
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MayorFarnham
- Posts: 774
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Re: Summer Transfer Window Discussion
It's almost like the PL are trying to put obstacles in the way of certain clubs to protect the order in which their league operates.
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Kerryblueboy
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Re: Summer Transfer Window Discussion
Nothing about city’s 115 charges just ignore that and concentrate on the usual suspects
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777Kidnappings
- Posts: 2996
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Re: Summer Transfer Window Discussion
Surely we are allowed to say we want 10m for dobbin and that deal is contingent on you selling us a player we want at a price we want. That's not a fraud unless they can prove the numbers are ridiculous. The 2 deals being linked proves nothing
Obviously it can't go unchecked. If we'd of valued dobbin at 50m then fair enough but prove he's not worth 10m. That's extremely subjective
Obviously it can't go unchecked. If we'd of valued dobbin at 50m then fair enough but prove he's not worth 10m. That's extremely subjective
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StirlingBlue
- Posts: 1718
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Re: Summer Transfer Window Discussion
Just react to it in the same way City did, which is by refusing to provide evidence.
I don’t think there’s anything wrong with the transfer valuations but there’s nothing to be gained by providing documentation of negotiations as there will inevitably be something that they can pick on if they want to
I don’t think there’s anything wrong with the transfer valuations but there’s nothing to be gained by providing documentation of negotiations as there will inevitably be something that they can pick on if they want to
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AllyBlue14
- Posts: 350
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Re: Summer Transfer Window Discussion
What about selling hotels to yourself, though - that still sound, yeah?