06 Jul 2017 19:42:31
Can someone tell me if this is true, I've just read that West Ham are baulking at Hernandez's wage demands of £140k when his transfer fee is only £13m, they was prepared to give Giroud £130k and his transfer fee is £20m, it also said Hernandez is keen on the move as he wants to come back to the prem, surely they can't let this one get away.

1.) 06 Jul 2017
06 Jul 2017 20:15:50
A thought stevie, now then we get him to sign a 2 year deal ( maybe longer? Or not ) he gets £7,280,000 per year in wages so 2 years comes in at about 15m ( with bonuses maybe more ) so he costs us 13m plus wages about 28-30m . now isn't that about the going rate for a decent striker in the prem anyway? Just a thought pick holes and show the flaws but it don't seem a terrible deal? Ok so limited sell on but how much would euro football be worth?

{Ed002's Note - You need to forget all of the money - these figure, even if true for the wages, are a light year away from the actual costs involved.}

2.) 06 Jul 2017
06 Jul 2017 20:36:33
How did it ever become so complicated ed lol lol.

{Ed002's Note - 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 £40M 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.}

3.) 06 Jul 2017
06 Jul 2017 20:46:27
Cheers ed I remember we had this update last year.

4.) 06 Jul 2017
06 Jul 2017 21:12:45
In other words we should stop mulling over the £1 when in reality it's £10 or more, it truly is a minefield and ( Phil ) yes a director of football would help us, ed thanks mate a clear view as Allways .

5.) 07 Jul 2017
07 Jul 2017 09:27:35
Thanks for that information, the delays makes more sense when you see in bright red the variety and complexity of costs involved.
Still frustrating as a fan though desperate for good news.