Rodley
Well-Known Member
If Bettis stood in front of the Prince and said “Sorry, it’s just a bit difficult”, he would be potted.
Wonder what excuse we used then.
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If Bettis stood in front of the Prince and said “Sorry, it’s just a bit difficult”, he would be potted.
I don’t believe corporate deals for multi millions ever get done in less than two days. I’ve certainly never seen one. Not even ill advised amateurishly handled ones resulting in bad outcomes, and I’ve seen dozens of those of various sizes. The prime example being the failed acquisition of Joe Coral by Ladbroke that once cost me my Christmas. They are not remotely comparable with a football transfer. Some shared principles, totally different execution.Yes, absolutely. It’s fiercely competitive.
When you condense it down to its essentials, doing a deal is doing a deal. The line up for the first three games speak for themselves.
Some good points , well madeAgree with the sentiment but that's not realistic.
Football stopped being a sport decades ago.....now it's big business controlled by agents.
A least with N'Diaye he followed his heart and didn't leave for the money.
There's a pecking order and even a club like Spurs constantly fail to keep any of their best players.
Lost Berbatov, Modric, Bale, Kane. They all wanted to leave for greater things. Imagine being a Spurs fan knowing anyone with world class talent will be sold.
Even Liverpool are a selling club and you can imagine in a few years Man City will be forced to sell when Haaland insists he wants to leave for Real Madrid.
Clubs like Brighton and Brentford are seen as the gold standard regards how clubs should be run.
Borussia Dortmund even advertise that it's their model. Buy really good players....improve them into world beaters.....then sell at a big profit.
I don’t believe corporate deals for multi millions ever get done in less than two days. I’ve certainly never seen one. Not even ill advised amateurishly handled ones resulting in bad outcomes, and I’ve seen dozens of those of various sizes. The prime example being the failed acquisition of Joe Coral by Ladbroke that once cost me my Christmas. They are not remotely comparable with a football transfer. Some shared principles, totally different execution.
I also don’t believe football transfers happen quickly unless the buying club is prepared to overpay in terms of transfer fee, agents fees & wages.
I advise on the tax implications of both, for both vendor & vendee, and have done for many years, so also have direct experience, in both cases.
Funny you should say that I have similar experience and sometimes acknowledged that things did not always go to plan, but as long as I came out of each meeting with a way forward I was happy that steps in The right direction we’re being made. Also used to submit reports which acknowledged that myself and my team had done all we could and we were having to wait for other parties piece of the jigsaw to fit into place .One thing I do know about is leading complex acquisitions, with multiple parties, to a deadline in a corporate environment. Project managing multidisciplinary teams, negotiating legal agreements, etc.
It’s a different sector and my budget dwarfs SUFC, but if I stood in front of a PLC CEO and said “Sorry, it’s just a bit difficult”, I’d be potted.
I thought it might help, in the context of the overall thread, if I explain just one of the current issues that can complicate and delay a transfer.That’s all good gear, well done. For the reasons you’ve explained the M&A sector doesn’t seem to draw many parallels. There’s all sorts of transactional environments. I think you can condense them all down into fundamentals FWIW.
But other PL clubs, largely, get their business done in time for the season. If we want to compete at this level we need to do the same. That doesn’t mean we are forced to sign Tahith Chong or the players Luton signed. If people’s position is we simply can’t do this better and there was no other possible outcome other than fielding a L1 side for the first game, then fair enough. There’s no point in me responding further.
This is known as the ‘little old Sheffield United’ excuse. Bettis used it in his interview to justify why we are much slower than everyone else. The alternative is to invest the money in order to be competitive. We prefer the hard luck story approach.They need more money. We don’t have it.
With Burnley you’re comparing a team with £110m net spend with us at £30m.
I dare say if we had 4 times our budget then our business would have been completed earlier as you don’t need to negotiate as hard and you can get deals done.
Archer would definitely have been completed quicker for starters as would have Souza.
To try and compare us to sides with vastly superior resources and backing is nonsense and is unfair.
It’s great spending other people’s money, isn’t it!This is known as the ‘little old Sheffield United’ excuse. Bettis used it in his interview to justify why we are much slower than everyone else. The alternative is to invest the money in order to be competitive. We prefer the hard luck story approach.
This is known as the ‘little old Sheffield United’ excuse. Bettis used it in his interview to justify why we are much slower than everyone else. The alternative is to invest the money in order to be competitive. We prefer the hard luck story approach.
Much easier for some than others it seemsIt’s great spending other people’s money, isn’t it!
You have to factor in that some people have a need to find someone to blameI understand people’s frustration that we did not have a complete squad until right at the end of the window, but surely acknowledge the quality of players we have brought to our table which now provide us with a decent opportunity to stay up having three of our number one targets, Hamer, Archer and McAtee as opposed to what would only have been worse quality but ”available now” signings.
apparently Hecky even acknowledged that he was prepared to wait to bring his number one targets in
Depends on the budget they have, doesn’t it.Much easier for some than others it seems
I understand people’s frustration that we did not have a complete squad until right at the end of the window, but surely acknowledge the quality of players we have brought to our table which now provide us with a decent opportunity to stay up having three of our number one targets, Hamer, Archer and McAtee as opposed to what would only have been worse quality but ”available now” signings.
apparently Hecky even acknowledged that he was prepared to wait to bring his number one targets in
Most certainly, the worrying thing for me is that Bettis trotted out the ‘once bitten, twice shy’ excuse from last time around.Depends on the budget they have, doesn’t it.
AyeI don’t think he is. He’s a decent operator. The snek thing is just a bit of a meme.
They need more money. We don’t have it.
With Burnley you’re comparing a team with £110m net spend with us at £30m.
I dare say if we had 4 times our budget then our business would have been completed earlier as you don’t need to negotiate as hard and you can get deals done.
Archer would definitely have been completed quicker for starters as would have Souza.
To try and compare us to sides with vastly superior resources and backing is nonsense and is unfair.
Nope. He has no say over the budget. The “frugal approach” is determined by how much money is available.Most certainly, the worrying thing for me is that Bettis trotted out the ‘once bitten, twice shy’ excuse from last time around.
Instead of having confidence in our recruitment team he’s admitting that because we made expensive mistakes last time that we should just accept a more frugal approach that will likely lead to relegation.
Blades fans are accepted to lap this up and say nothing.
One thing that always puzzles me about football transfers is why an agent is acting for both parties in a deal? Are there other industries where this happens, because I find it hard to get my head around how someone can be acting in the best interests of opposing parties in the same deal and getting paid by both?I thought it might help, in the context of the overall thread, if I explain just one of the current issues that can complicate and delay a transfer.
Agents fees.
Frequently, these days, an agent will be working for both the club and the player when a transfer is being negotiated. The club will usually pay the whole of the agent’s fee once the deal is completed.
From the player’s point of view, for tax purposes, if the club pays the player’s portion of the agent’s fee the player is hit with a tax bill that can be huge - a tax rate of 45%. So, HMRC would love the whole fee to be for work the agent does for the player because it maximises their tax take. They will question what work the agent has actually, in reality, done for the club.
For this reason, HMRC no longer accept what might have been written down as an agreed split in the fees (let’s say, for argument’s sake, 50:50). They will want to look at what work was actually done by the agent to earn the fee and whether, in reality, he was actually working for the player, with the club agreeing to pay a portion of the fee as a means to reduce the player’s tax bill.
There is no “one size fits all” answer because every transfer is different. Not a problem for the likes of Harry Kane, they will simply pay the tax. Potentially big problem for the pond we are fishing in. So time has to be taken to make sure the structure of the agent’s fees are watertight. There is very often more than one agent involved in the deal.
Some clubs don’t deal with this properly, and a problem will arise further down the line (which people like me have to sort out ).
This is just one very small complication that can arise in a modern football transfer. Tax is a minor consideration in the overall deal, but still needs to be got right. Similarly, image rights, hated by HMRC. And the player’s domicile & residence for tax purposes. Very small parts of the overall deal, but illuminates why, the higher we go, the more complicated the deals can be. And one relatively small aspect can delay, or even derail, a deal.
Unless we are happy to just throw money at it to make the complications go away.
AyeMost certainly, the worrying thing for me is that Bettis trotted out the ‘once bitten, twice shy’ excuse from last time around.
Instead of having confidence in our recruitment team he’s admitting that because we made expensive mistakes last time that we should just accept a more frugal approach that will likely lead to relegation.
Blades fans are accepted to lap this up and say nothing.
Agreed. Some of the things I have seen are beyond belief and hugely depressing.One thing that always puzzles me about football transfers is why an agent is acting for both parties in a deal? Are there other industries where this happens, because I find it hard to get my head around how someone can be acting in the best interests of opposing parties in the same deal and getting paid by both?
Would love to hear some examples, names/clubs redacted obviously!Agreed. Some of the things I have seen are beyond belief and hugely depressing.
AyeThis is known as the ‘little old Sheffield United’ excuse. Bettis used it in his interview to justify why we are much slower than everyone else. The alternative is to invest the money in order to be competitive. We prefer the hard luck story approach.
Aye
Although (some of) the content on this thread says different ?
That's not how I read it. he's saying the way we did deals in the past was wrong and that we still have Mitchell & Co scouting for us and Bettis himself sorting the deals supports this (they were recruiting then and still are now).Instead of having confidence in our recruitment team he’s admitting that because we made expensive mistakes last time that we should just accept a more frugal approach that will likely lead to relegation.
AyeYou’re going to have to entertain an element of discussion and hear the odd opposing view on an internet forum.
So you think there’s £100m rocking about somewhere and we just didn’t make payments last season for shits and giggles?This is known as the ‘little old Sheffield United’ excuse. Bettis used it in his interview to justify why we are much slower than everyone else. The alternative is to invest the money in order to be competitive. We prefer the hard luck story approach.
Ok, recentish example I was involved in (not the latest transfer window).Would love to hear some examples, names/clubs redacted obviously!
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