10 Aug 2018 16:45:07
Ed002 if your about
I know this is a Liverpool page but I'm a bit curious as to what's just go on with the young keeper Chelsea have bought. I read an article the real nearly signed him in Jan for £18mill I think it was . And now his price is at this . I heard the kid bought himself out of his contract as per the release clause. But prices for buying players from Europe in particular Spain are very very high . Is that down to a big injection of cash into Spanish football and they don't need to sell or is it a case of they know English teams inparticuar.
{Ed002's Note - He signed a new contract with a very high release clause and Athletic did not want to sell, but under Spanish law a player has the right to cancel his contract by buying it out. Obviously he did not have the €80M but Spanish law was changed to allow a player to be present when the amount is paid (via him) to the Spanish FA rather than accruing any tax, which players with Buy Out clauses would in other coutries if the money passed through their hands. There are two points of note: (a) all players in Spain are required to have such a clause in their contracts, (b) if invoked, the player has to pay the full amount.
It is nothing to do with cash injections, English clubs or anything else, it is a legal requirement.}
1.) 10 Aug 2018
10 Aug 2018 19:41:20
Wow, good question and good answer.
Has the law been changed permanently then Ed02.
This is where I sound stupid so I'll ask the fellow posters rather than waste ed02's time. Yesterday I saw a post here saying alisson was no longer the most expensive keeper. I assumed Madrid had paid a shed load for courtios and broke the record. But I'm wondering, is it this youngster who has broke the record from athletic. Was this to reimburse him for buying himself out, last sentence for Ed02 if you're out there ed.
{Ed002's Note - Chelsea paid the €80M for Kepa.}
2.) 10 Aug 2018
10 Aug 2018 20:04:45
Thats great insight ED02, a real education for those of us that have an interest in the football industry off the pitch as well as on it.
Your insight and input is why we appreciate you participating on these rumor sites.
Please think of these when others become rude or offensive towards you.
There are many many of us, on here that greatly value you and appreciate your opinions.
Thanks to you and the rest of the ED's you make it a great place to be.
{Ed002's Note - Post of the day.}
3.) 10 Aug 2018
10 Aug 2018 20:12:19
Heys ed02, I'm trying to understand the bit where you said - "so Spanish law was changed to allow him to be present when the amount is paid (via him) to the Spanish FA rather than accruing any tax, ".
So basically he just had to be in the room to in effect "pay" his release clause? But that it's xtully Chelsea's money? Seems like a fair compromise!?
{Ed002's Note - Effectively yes. However, if he had the money to buy out his contract he could make himself a free agent.}
4.) 10 Aug 2018
10 Aug 2018 20:24:34
Cheers Ed's.
Probably a very dumb question but who is avoiding accruing tax in this scenario?
{Ed002's Note - Nobody, but if a club were to lend a player the money to buy himself out of a contract elsewhere, it would be taxed as unearned income so it would effectively cost double for the transfer.}
5.) 10 Aug 2018
10 Aug 2018 21:13:44
Echo that! Great post and answer! Thanks Ed2. Just another example of why this is the best site on the web.
compliments to all the Ed’s and Reds for making this site what it is, Ed’s hard word is so appreciated by the real fans.
So excited for Sunday, feel like Liverpool are on the verge of an amazing season!
YNWA.
6.) 10 Aug 2018
10 Aug 2018 21:28:05
Great posts and great replies by Ed2. Hope life is treating you well Ed mate.
{Ed002's Note - Life is fine right now thanks.}
7.) 10 Aug 2018
10 Aug 2018 21:55:19
I'm glad to hear that Ed2. Have a good night mate.
{Ed002's Note - And you.}
8.) 10 Aug 2018
10 Aug 2018 22:13:23
Cheers for the reply Ed02. So is kepa worth all the trouble. Behind oblak wasn't he? Mind you most keepers would be behind him.
To me it just smells of abramovic splashing his ridiculous wealth on an unproven player. To join Chelsea over stocked squad of technically great players who don't get in the team. I notice there are no Chelsea fans here today calling us hypocrites.
9.) 10 Aug 2018
10 Aug 2018 22:15:37
Ed002 seems the kind of guy you would go for a pint with when you want a proper intelligent stimulating conversation and you'd come away learning a lot!
10.) 10 Aug 2018
10 Aug 2018 22:13:23
Cheers for the reply Ed02. So is kepa worth all the trouble. Behind oblak wasn't he? Mind you most keepers would be behind him.
To me it just smells of abramovic splashing his ridiculous wealth on an unproven player. To join Chelsea over stocked squad of technically great players who don't get in the team. I notice there are no Chelsea fans here today calling us hypocrites.
{Ed002's Note - Yes, but it is a lot of money. He was not behind Oblak in any way - Oblak does not play for Spain, De Gea does. He is not an unproven player and the club had a great deal of interest in him. Which of the goalkeepers that Chelsea has will keep him out of the team? You post smacks of a complete lack of knowledge about the player, who he played for and anything about Chelsea.}
11.) 10 Aug 2018
10 Aug 2018 23:18:53
Thanks Ed02 - just wondering why it’s a legal requirement as I assume other professions don’t have clauses like this, is it down to the length of the contract and inability to hand in notice like people can do in other jobs?
Also if you don’t mind, given it’s a legal requirement, how do they set the number? Surely if a club just wants to stop the buyout from triggering they can set it at a number that can’t ever be hit (say 1billion if you wanted to take an extreme? ) .
Many thanks.
{Ed002's Note - The law exists to give protection to the players to allow them to move, because as you say, they can’t simply resign. The club sets the number but the player has to agree. The club offer a financial incentive to set it high. The player won’t want it to restrict a potential move.}
12.) 11 Aug 2018
11 Aug 2018 01:47:18
Thanka again ED02.
That was another golden nugget of info I learnt from your reply to SGRed post.
This proved to be a very enjoyable and informative thread.
I think you should have your own sticky tab where all these - and not specific transfer related - info is kept/ stored. Not sure that is possible but it would make it easier than the search feature on here.
Regardless, thank you very much for sharing your knowledge.
13.) 11 Aug 2018
11 Aug 2018 02:48:35
Thank you Ed - are there any other countries with similar rules or just Spain?
{Ed002's Note - None have identical rules.}
14.) 11 Aug 2018
11 Aug 2018 05:10:19
Different athletico's. I sorry Ed02. I thought kepa was from Athletic Madrid, its bilboa isn't it. Any way my apologies Ed02. If he really is great then he's going to be there for years, it's an investment. Better than shmiceal or butland. Is butland really playing in the championship? He's too good for the champ. Surprised he wasn't snapped up.
{Ed002's Note - One is Athletic and one Atletico so they have different names as well. He will have more first class experience than say Alisson and was chosen over Donnarumma, so he is perhaps not the unknown and unproven player you think.}
15.) 11 Aug 2018
11 Aug 2018 08:56:34
Ed02 I think the poster saying he was behind oblak has confused athletico madrid and athletic bilbao as being the same team :)
{Ed002's Note - So it seems.}
16.) 11 Aug 2018
11 Aug 2018 10:15:50
I personally think Chelsea have done absolutely right by paying what it takes to sign a genuinely top class keeper. Throughout Abramovich's reign Chelsea have always sought to have a top class keeper between the sticks, because they know the value a top keeper brings, and I think it's smart. The value of a top quality goalkeeper cannot be underestimated and is often one of the key differences between success and failure at the highest level.
Excellent info as well Ed, very interesting.
17.) 12 Aug 2018
12 Aug 2018 02:52:31
so interesting, cheers ed2.