Park Ji-sung completes move to ex-team in Dutch league: sources SEOUL, Aug. 6 (Yonhap) -- South Korean footballer Park Ji-sung has completed his return to his former club PSV Eindhoven in the top Dutch league on a loan from Queens Park Rangers (QPR) in England, sources here confirmed on Tuesday. "Park signed his agreement earlier this morning, Korean time," a source close to Park said. "He will be on a one-year loan, just as he'd wanted." Rumors of Park's move back to the Netherlands first surfaced in late July, when Dutch media reported that the midfielder had undergone a medical test and was close to finalizing the transaction. The two sides wrangled over terms of Park's move, with the player seeking a loan deal while PSV wanted a complete transfer, before the club relented. According to the source, PSV, operating under a hard salary cap of 1 million euros (US$1.3 million) per player, couldn't afford to match Park's salary with QPR. The source said the Dutch side will pay Park him the max amount, while QPR will give Park an equivalent of another 500 million won ($448,000). He made an estimated 7 billion won with QPR last season. Another source with JS Founation, Park's football foundation in South Korea, said Park is scheduled to join PSV sometime this week. The 32-year-old played for PSV from 2003 to 2005. He had previously played for Kyoto Purple Sanga in Japan's J. League, but after his breakout performance at the 2002 FIFA World Cup under head coach Guus Hiddink, the Dutchman took the South Korean star with him to the Netherlands upon being named the new coach of Eindhoven. Park played for the Dutch club until 2005 before moving to Manchester United to become the first South Korean in the English Premier League. During his tenure with the top English side, Park earned a nickname "Three-Lung Park" for his tireless work ethic and energy on the field. Then after the 2011-12 season, Park signed with QPR. He began the new season as QPR's new captain, but things quickly turned sour as Park struggled with injuries and was later stripped of his captaincy. QPR finished dead last among 20 Premier League clubs and was relegated to the second division for the upcoming season. Park's contract with QPR expires at the end of next June. In the last season, PSV finished second in the top Dutch circuit, called Eredivisie, right behind Ajax. The 2013-14 season kicked off last weekend, and PSV defeated ADO Den Haag 3-2 on the road. The team's first home game will be on Sunday against NEC. Park is one of only eight South Koreans to have played at least 100 international matches. He played and scored in three straight FIFA World Cups. He retired from international play in January 2011. Sounds like some terrible business if true! Weâll get him back at 33/34 just ready for retirement great news
I think this is his last season so the only different between a loan and perm is that we pay some wages in a loan.
Not quite, according to that article we're subsidising his wages to the tune of half a million euro....
Other clubs don't want these carthorses on the wages we pay them in the case of most (Park, Granero etc.). For Remy and Taarabt, we are in a weak bargaining position and other clubs therefore can try before they buy with little risk. We might also want them back if we go up. Getting Park out is jelly and ice cream time in my opinion.
'Park's contract with QPR expires at the end of next June' So basically we're giving Park circa £500k to play for PSV and then his contract just expires and he's a free agent? If the article is correct and PSV wanted to buy him and we wanted to sell wtf have we acquiesced to the player for a loan deal?????? Answers on a f******* big postcard please addressed to TF If I did a deal like that my business would turn to ***** in a matter of minutes. We are quite rightly a laughing stock - anyone recall the Park signing Global Webcast bollox?
My guess is that Park and his agent know there is more money to had in wages and therefore probably said to PSV pay the wages or else and we need him off the books albeit partially, hence the loan.
Park, because he's retiring at the end of the season. Remy, cause we want him back. But taarabt is the strange one, Harry doesn't rate him, doesn't want him, so to loan him out seems strange. I know fernandes loves him, but if made the decision to loan rather than sell, I could see Harry throwing his toys out the pram. But I wouldn't expect any other loans out.
Calm down mate. PSV wanted the perm transfer. Park didn't, probably because PSV can't pay the wages he's currently on. Subsidising him by £10k/week is a result for such an awful player on his wage.
With Park gone, Adel Going. Diakite 'somewhere', M'Bia going, Granero going, and uncertainty over Barton's future, it's now obvious why we are linked to so many new midfielders. Very soon we won't have any.
Well then we should tell him its a sale, or he stays in plays in the Championship, or he can leave for free. Paying £500k in wages to a player who cannot contribute to a possible promotion is scandalous. Stay and honour your contract Mr Park There's a lot of talk about player power but fundamentally its weak club management that lets them exploit this madness
If he was still here he wouldn't contribute because he is useless and would cost £2m+ in wages. If he's dug his heels in then his ludicrous contract doesn't leave the club with a better option.
It all depends on the size of the fee. PSV can get round their wage cap by paying us a larger fee ... which we then pay back in wages to Park.
We gambled heavily to stay in the prem and failed miserably. We are now pawning pretty worthless assets at a loss to raise the capital for another gamble to get straight back to the main table, where the jackpot is now staggeringly big. But if we do get back we will need to raise yet more cash to replace the bunch of failures we are offloading now, the guys we are getting in are manifestly not up to keeping us in the prem (hopefully Austin is the exception). I'm getting sick of this merry-go-round, I want to get off and enjoy some football.
Sadly we have dolled out far to much money to them and they want the best of both worlds - they want to play at the top level, but on the money that we've given them. The mercenaries are really showing their true colours now!
