Payment structure changes

Looks like our cash up front policy of transfer payments is a thing of the past.

We've joined the rest of the prem in paying in installments.

This is a step change and the switch may be why we are taking longer to get deals done as we don't have the 'cash up front' card to play.

Chronicle is hinting this is why the FL deal took so long.

 

Makes sense, in the current market £80m doesn't get much if paying out right, if it's in installments you could spread that budget out more.

 

Agree.
Helps cash flow too.
We cold end up with better or more players too.

 

Does anyone else think the Prem is going to completely implode!? It's going to be like the financial market crash of 2008. Too much lending secured against low quality assets. Everyone is already fed up of paying sky subscriptions. One day they will pull the plug on the funding and the liquidity will dry up over night.

 

I sincerely hope so but I can't see it imminently happening.

 

It's got a little while longer, but not much. BT are known for haemorrhaging money and that can't last. Sky have already ripped up their subscriptions due to competition from Netflix/Amazon and Youtube recently streaming big events free of charge isn't helping the cash!

I cannot wait for the collapse, going to be hilarious.

 

****ing hate it me. Some of the Pickford money is going on players we sign years ago.

 

If they brought in a ruling that meant you had to pay for the player within the season he was purchased, you might actually see some sense returning to the level of fees - installments possible but over say, a maximum of 12 months

 

Funny that news was the one which made me change my mind about it. Previously I hated the idea of buying 'on tick', but that made me laugh so much I decided that something which brings so much joy cannot be wrong.

 

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Plus of course the €10.5m they need to pay Inter Milan for Ricardo Alvarez, after the Italian side won their appeal