Colos Short and Curlies

I think he's saying the PL will make it up as they go along

So in a discussion on when a transfer becomes final you've brought in a piece of text that relates to a different matter altogether. What a player agrees for the end of their contract is irrelevant here, a transfer will be completed once all obligations are completed including passing a medical. It is at that point all of the conditions have been met and transfer of the players registration takes place.

And yet transfers fall apart all the time due to failed medicals. It's almost as if clubs legal teams are smart enough to create agreements that omit just enough information to stop from being legally binding until everything is in place.

But that just means you don't sign a contract that you can then pull out of if a medical fails. In practice you agree to the terms but don't enter into a legal obligation until everything you need to be in place is so. Footballing bodies may give leeway around transfer dates to allow for the legals to complete. Its the same as buying a house, you don't exchange contracts with a get out clause if you can't get a mortgage and you dont buy a car that allows you to back out if you don't get a loan. You get everything in order before signing

£10m deal for the period 28th June 2024 - 30th June 2024 £100k for the period 1st July 2024 - 30th June 2025 2 separate contracts. Bang

Well that would depend on who the seller was...... Spurs, Chelsea etc then I'm sure it would be fine but for us there's no way a mitigation for timing would be given, I get its a matter of how long to allow but Forest delaying BJs sale to get better value would (imo) be a much stronger argument for mitigating a PSR period loss than not being able to conclude a sale where the price etc had been agreed as the delayed sale actually strengthened their financial position

There may not be an obligation, but if its a condition of an agreement between 2 parties it becomes an obligation for the transaction

Well of course players don't have to move, its more that the club cannot prevent them from doing so - bit like a release clause. I addressed the injuries, you would need to make provision for them With loans, if the player is over 21 then its tougher to argue its a developmental loan so I'd say that the loan is a legally binding contract so needs to be honoured but a club is free to enact the buying at contract value at the end of the loan

But thats not a legally binding sale until the medical concludes

I can't see buying clubs locking into a legally binding obligation without a player going through a medical, terms agreed and the player contract signed. Auditors will be looking essentially at the point at which all future benefits and obligations transfer to the buying club for a sale to be recognised. Yes this could be the 30th June with the transfer actually happening on the 2nd July but you would need everything bar the transfer of final contracts to be in place. It's basically becoming a bigger farce every day where now we are making judgements on when a transfer actually takes place. Deadline day is pretty straight forward - paperwork has to be with the PL by the cut-off (unless you are Spurs), the 30th June should be the same

Just polished that up a little

I'd like to see a limit on the number of players you can have registered. If a player is not in the registered 25 (excluding academy products under the age of 21) then you have to take the full remaining value on the balance sheet and impair it, recognise the remaining contract value as an onerous contract (so recognise the full value immediately) and the player is available to move at any time for a transfer fee fixed at one years base salary (or remaining salary if less than 1 year) - and these moves can be at any point in the season. This would be in conjunction with an overall spending cap rather than the current PSR rubbish. You'd need to add clauses in for injuries but that will punish clubs for holding a bloated squad and allow players to move when they are not in squads.

Late to the party here, but McKenna being paid more than Howe next season is mental. Dyche also being above Howe is nuts as well

I don’t have a telegraph subscription so haven’t read the document but I can’t see it making a difference otherwise Forest would have just moved their date forward to 31st August to avoid falling foul of the rules last season (you get until the day you need to file the accounts to change the date so they had plenty of time to do it). 2 other points, the psr period is (as I read it) based on seasons and the accounting period to 30th June is just used as a proxy for this. There’s a couple of clubs who don’t have 30th June and the premier league seem fine with that but moving the period when it looks like you’d breach is likely to fall foul of any good faith clause. Villa moving from May to June only adjusts price money recognition by 1/12 it’s not encroaching into another transfer window which is probably why it was allowed

Stupid beard

I know we’re all laughing at Brexit Jim but if that is our offer you have to think that there are serious thoughts that Everton are right in the shit and might need to accept fire sale prices for a couple of players

Or a keeper coming off the back of playing half a season of a 7th place premier league finish and a starting birth in the Euros. we won’t get millions, but there’s a few hundred k in that profile for someone

Lewis would be a £3m write off, Hayden zero. and I said (or meant to say) £5m max without specifying if I was money in or profit 🤐 think there is a couple of million in Ashby, £500k for dubs and Lewis, Hayden we’d have to give away.

Just try asking someone with a stammer to say it. or even just a general speech impediment. and like any kid with ADHD is going to get through saying that from start to finish

Aye I reckon £5m total for Dubs, Hayden, Lewis, Ashby

But we’re taking him back on a 3 year loan at £1m a year

we turn the fax machine off in 52 minutes

The easiest way would be to require all clubs to have a year end of the 31st August and align the transfer window with that. The problem then is you have an accounting period spanning 2 league seasons and that opens up opportunities to play around with costs and income too much. The better way would be to make all year ends 30th June and require accounts to be filed with the Premier League by the 30th September along with a trading statement of player sales and purchases in the summer window. You would then base the PSR calculation on this to allow for a mitigation of breaches through the transfer window. When you get to next year then you would need to adjust that years calculation by whatever amount you needed to plug the hole this year to avoid sales being used twice. You would then also be able to settle all matters by Christmas

Nope

There may well be a whiff of this being part of a longer power play by our owners. Drop a credible rumour in about how 2 teams are going to play the system, see the meltdown and hurried rule changes and bank this in the anti-competitiveness folder for after the City dealings are resolved