Arsenal Rumours Archive May 17 2016

 

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17 May 2016 22:04:38
By all account's, we are very close to signing Granit Xhaka.

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17 May 2016 22:43:12
I don't know much about him at all. Has anyone seen him play? What's his main role, defensive midfielder or attacking?

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17 May 2016 23:24:53
Epping he is a brute force, he's more of a box to box midfielder but can play the holding part well (almost xabi alonso like) and most of all n more importantly. he's a leader!

He would be very welcome at Arsenal :)

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18 May 2016 00:03:36
Bang on Jeg.

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18 May 2016 10:10:49
They've said a offer has been received from a club. Fingers crossed!

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18 May 2016 15:25:18
he also has a red card in him! :P.

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18 May 2016 12:47:54
Hello Mr eds. Make us arsenal fans happy, was it arsenal who made the offer and is a deal finally becoming more likely? :)

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{Ed001's Note - I don't know sorry, I have not looked into anything as I am busy dying of man flu.}

18 May 2016 16:51:26
Oh really, hope u get better mate.

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{Ed001's Note - thank you.}

19 May 2016 17:21:36
now it looks like we are penny pinching yet again.

this could well turn out to be a full summer saga, with him eventually going to another club.

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17 May 2016 20:31:07
Eds can you see us putting in a bid for Reece Oxford now he rejected his new contract? Much thanks as always.

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{Ed001's Note - you are one of the clubs circling, so there is very much a possibility you will bid for him.}

17 May 2016 20:42:21
Definitely looks like a good prospect. Cheers ed.

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17 May 2016 22:35:27
He has declared himself a gooner in the past!

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17 May 2016 14:35:30
Hi Eds

Is anyone able to enlighten me with regards to transfer fees and costs etc. As an example, Xhaka's price is being quoted around 33 million (approx) Is that price purely the price of the player, and then agent fees etc are added later? Or does that price include all necessary add-ons? i'm curious as Wenger apparently stated Kroenke will provide appropriate funding this summer, and would be helpful to have an idea how player prices work so we can try and be objective with Wenger and board.

Thanks in advance.

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{Ed002's Note - As football fans it is best you avoid any thoughts about the finances as it tends to confuse everyone. However, 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 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 £45M 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 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).
(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 tribuneral if necessary.
(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.

17 May 2016 17:44:12
Hey Ed002, What happens if the player is sold and there were some promises made to previous club in add-ons like some appearances or some awards won by that player. What happens to those add-ons?

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{Ed002's Note - Sorry - I really have no interest in entering in to any discussion on the page.}

17 May 2016 21:48:02
And to answer the initial question I think a lot of the transfer fees you heard don't account for the additional costs. Good example is buying you house you have the house price ( transfer fee) but it doesn't take into account moving cost, solicitors fees, estate agents fees, Mrs wanting new sofas ect ect.

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18 May 2016 00:37:19
I seriously judt don't get it why fans want to get stuck in all the transfer fees and cost and so on, there is a price for every player and we have the money to spend it, end of. I personally do not care. we pay to watch matches, at the stadium and on tv and I don't think any club will be asking how much in fees we pay.

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18 May 2016 00:07:57
Thanks Ed002, very informative.

Good comparison Dandan.

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18 May 2016 14:53:11
Hi Ed,

Superb explanation. It also puts into context why a transfer takes so long.

For all of those payments / actions I imagine there are numerous forms to fill well after an amount has been agreed.

#AllhailtheFaxMachine.

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{Ed002's Note - Yes there is a form or two.}

19 May 2016 08:46:40
Thanks for the above Ed - much appreciated.

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{Ed002's Note - You are welcome Lefty.}