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If it is co-ownership then the FA or premier league will block it. It's completely illegal in England. Sorry to buster everyone's bubble.
 
S-Clarke said:
Tancredi Palmeri ‏@tancredipalmeri

@sridout92 @dimarziotweet @officialsaints means that,while days ago Saints supposed to take 100%,now they'll go in co-ownership w/ Penarol

Is that allowed in England?
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I guess it might come under third party ownership. Which I'm fairly sure is banned in England.
 
Doing The Lambert Walk said:
We had a Uruguayan friend, his name escapes me. In any case, he reports on Penarol and said they'd accepted an offer from us.
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But maybe what we're now doing is withdrawing that bid, and giving that money to Bologna to boost their net profit? Whilst then not actually buying the 30% and only owning 70% of the player.

Therefore we get the player, meet Bologna's requirements and don't actually pay any more than we were going to.

Might be wrong though as this is outlawed by the FA. Might just be something lost in translation.
 
S-Clarke said:
But maybe what we're now doing is withdrawing that bid, and giving that money to Bologna to boost their net profit? Whilst then not actually buying the 30% and only owning 70% of the player.

Therefore we get the player, meet Bologna's requirements and don't actually pay any more than we were going to.

Might be wrong though.
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That's illegal in England. No chance that'd be happening.
 
i doubt we'd be stupid enough to construct a bid that made the transfer illegal
 
Was it not reported that a bid/agreement had already been sorted with Penarol? And like eluded to already, Cortese wouldn't sort out a deal illegal in England.
 
@dimarziotweet: @tcumner1986 @tancredipalmeri @officialsaints in these cases they usually leave to the other club (Penar) 30% of a future deal...

@tcumner1986: @dimarziotweet @tancredipalmeri @officialsaints are we buying 100% of the player as we have agreement with Penarol for other 30%?

@dimarziotweet: @tcumner1986 @tancredipalmeri @officialsaints usually it's like that
 
It has been clarified that Penarol's 30% ownership will now become a 30% sell on clause for any future transfer as part of the deal to take Gaston Ramirez to Southampton.
 
fran-MLs little camera said:
Genius.
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Great work from Cortese. We clearly don't have all the cash here and now. The £40-£50 million earned this season is paid over installments to us and following the Pompey fiasco I doubt banks will lend against future income. So to balance our books still and renegotiate with Penarol is a great move. Shows that his old club have great faith in him to do well in the premier league and get a bigger sale in the future.
 
saintlyhero said:
Great work from Cortese. We clearly don't have all the cash here and now. The £40-£50 million earned this season is paid over installments to us and following the Pompey fiasco I doubt banks will lend against future income. So to balance our books still and renegotiate with Penarol is a great move. Shows that his old club have great faith in him to do well in the premier league and get a bigger sale in the future.
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Agree just hope this isn't another false hope.
 
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