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Post by Macmoish on Jan 27, 2011 7:47:54 GMT
The Sun/Rob Beasley
Holloway Gets Cut of Adam Fee
IAN HOLLOWAY will receive a slice of any transfer fee for Charlie Adam. The Blackpool boss has admitted he stands to pick up a share of any profit made on the midfielder, although he will not reveal how much. But Holloway says he is not doing anything wrong and insists the bonus is not the reason he is demanding £12million for his star player. Ollie said: "I do get rewarded with anybody I coach and make a profit on. My chairman looked at my record of producing players and helping players and selling them on and he wanted that at Blackpool. "That's not what I'm doing it for. I'm on a far bigger bonus to keep us in the Premier League and Charlie Adam can help me do that." Blackpool have already spurned a quick profit on their captain, who cost £500,000 in August 2009, by snubbing Birmingham and Aston Villa bids. And they rejected a £4m offer from Liverpool - a figure Holloway described as 'disgraceful'. But Ollie rapped: "If you're saying I'm doing this because I'm getting 20-30 per cent of the Adam money I'll not be very happy - it's miles away, absolute nonsense." There is nothing in football rules to prevent a manager having a clause in his contract granting him a percentage of the profit made on a player. An FA spokesman confirmed: "This type of agreement does not contravene any of our rules whatsoever." And Ollie is adamant chairman Karl Oyston has no problems with it. Holloway added: "I bought a frustrated kid from Rangers, we bought him very wisely, and in 18 months we've gone from 16th in the Championship to 12th in the Premier League with his help www.thesun.co.uk/sol/homepage/sport/football/3373601/Ian-Holloway-will-get-a-cut-of-any-Charlie-Adam-transfer-fee.html
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Post by Macmoish on Jan 27, 2011 7:53:01 GMT
Meanwhile at Slimey Chelsea Guardian/Daniel Taylor
Chelsea signing of Benfica's David Luiz in doubt over lump-sum demand
• London club want to pay £25.5m fee in instalments
• Centre-back named in Benfica squad for tonight's game Chelsea's hopes of signing David Luiz from Benfica are in the balance tonight because of a dispute about the financial structure of the £25.5m deal. Benfica claimed to have halted negotiations after Chelsea apparently made it clear they were not willing to pay the full amount in one sum, when the Portuguese club say that is a stipulation of the deal. The issue hinges on Chelsea's wish to pay the money in several instalments over the course of David Luiz's contract. Benfica had been under the belief that an agreement was made on Saturday for the total to be paid as soon as the player had moved to London. David Luiz had been due to arrive in London today to become Chelsea's most expensive transfer since Andriy Shevchenko's £30m arrival from Milan five years ago. A hearing had been arranged for his work permit application and plans put in place for his medical. Instead, Benfica have named him in their squad for tonight's Portuguese Cup tie at Rio Ave and are saying that the deal is effectively off unless there is a change of mind at Stamford Bridge. As yet, Benfica have not released an official statement but high-ranking officials at the Portuguese club have privately criticised Chelsea's conduct during the negotiation process. There is anger on the part of Benfica because they believe Chelsea have gone back on their word. The indications from Portugal are that the London club will have to fall in line with their demands for the transfer to be resurrected. www.guardian.co.uk/football/2011/jan/26/chelsea-david-luiz-benfica |
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Post by Macmoish on Jan 27, 2011 8:02:44 GMT
I thought ownership of a player by a company was not allowed. INDEPENDENT
Luiz is granted work permit despite row with Benfica over £25.6m fee
By Mark Fleming Chelsea's application for a work permit for defender David Luiz was granted yesterday, even though sources in Portugal were claiming the £25.6m transfer has hit a problem. Benfica are threatening to pull out of the deal, claiming that Chelsea have reneged on agreements concerning how much money will be paid up front and how much in installments. They included the 23-year-old centre-half in the Benfica squad for last night's Portuguese Cup tie at Rio Ave. Chelsea sources however were describing negotiations as "on-going". The transfer is a complex deal, with Chelsea midfielder Nemanja Matic, who is currently on loan at Vitesse Arnhem, moving to Benfica as a makeweight worth £4.3m. Benfica will receive around £21.3m in transfer fee, and want a large chunk paid up front. Luiz's ownership is shared between the football club and an investment group called Benfica Stars Fund, who will be owed £6.4m from the sale of Luiz which the club must repay once the deal is completed. A further £650,000 will go to his former clubs in Brazil.The Chelsea manager, Carlo Ancelotti, yesterday attended the work permit hearing at the Premier League's headquarters in central London, along with Chelsea club secretary David Barnard. They said there were a few finishing touches to be put on the deal but clearly anticipated it would be closed imminently. The permit for Luiz was duly granted. Chelsea also sent two players out on loan yesterday. Teenage midfielder Gaël Kakuta has joined neighbours Fulham until the end of the season and could make his debut in next Wednesday's league game with Newcastle at Craven Cottage. France Under-20 player Kakuta was widely regarded as one of the brightest prospects in the game when he joined Chelsea from Lens in 2007. He has made 16 appearances for the champions but only five starts and was an unused substitute in Monday night's 4-0 win at Bolton Wanderers. Chelsea have also agreed a deal which will see 20-year-old Dutch left-back Patrick van Aanholt move to Leicester City on loan until the end of the season, subject to Football League approval. The 20-year-old Dutch Under-21 international, who joined the Londoners from PSV Eindhoven in 2007, will go straight into Leicester's squad for their game at Sheffield United on Tuesday. www.independent.co.uk/sport/football/transfers/luiz-is-granted-work-permit-despite-row-with-benfica-over-163256m-fee-2195296.html |
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Post by Macmoish on Jan 27, 2011 11:51:25 GMT
Sky Sports
Oyston plays down Ollie bonus
Blackpool chairman says transfer clause shouldn't be focused uponLast updated: 27th January 2011 Subscribe to RSS Feed Oyston plays down Ollie bonus Oyston: Backing Holloway Blackpool chairman Karl Oyston has dismissed revelations that manager Ian Holloway will receive a percentage of any transfer fee for captain Charlie Adam as 'insignificant'. Holloway has come to an agreement with Oyston that will see him awarded a percentage of any sum the club receive for selling a player he has coached. The arrangement does not contravene any regulations and is not new, but has nevertheless raised questions about conflicts of interest. Holloway is determined to keep hold of Adam and Blackpool have rejected bids from Liverpool, Birmingham and Aston Villa, with the Seasiders stressing that it would take a much larger offer to prise the midfielder away from Bloomfield Road. Holloway maintains that any transfer cut would compare little to the bonus he would receive for keeping Blackpool in the Premier League, and for that Adam is vital. Insubstantial And Oyston does not believe that news of this clause in Holloway's contract should alarm anyone. He said: "This is insubstantial and insignificant and shouldn't be focused upon." Adam has been in fine form throughout the first half of the season and Blackpool have made it clear they are under no pressure to sell a player who still has 18 months remaining on his contract. Oyston added: "There is no situation at all." When asked further he said: "There has been enough said already so I am not prepared to comment any further." www.skysports.com/story/0,19528,11661_6704255,00.html
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Post by Macmoish on Jan 28, 2011 7:50:18 GMT
Guardian/Daniel Taylor
Ian Holloway stays with Blackpool despite fine over weak team
• Blackpool chairman will not allow Holloway to leave
• Oyston defends paying manager a cut of transfer profits Ian Holloway briefly discussed his position as the Blackpool manager with the club's chairman, Karl Oyston, tonight after a difficult day that saw the club fined £25,000 for fielding a weakened team in a league match against Aston Villa in November and embarrassing details emerge of him standing to gain personally from Charlie Adam's proposed transfer to Liverpool. Holloway spoke on the telephone with Oyston after the Premier League decided to punish the club for making 10 changes in the 2-1 defeat by Villa. The investigation had prompted Holloway at the time to say he would resign if Blackpool were fined but he later qualified that by saying he would do so only if Oyston thought it was the right thing for the club, and there was never a genuine sense at Bloomfield Road that his anger would lead to him walking out in the middle of the season. "I've spoken to him [Holloway] on the phone," Oyston said. "He's obviously disappointed but there's absolutely no question I would accept his resignation. He's breathed life back into this club and I'll cheer him up again." The chairman was asked whether Holloway had offered his resignation and said: "We spoke about it briefly but that was a private conversation." The fine comes on the day that it transpired Holloway's contract includes a clause that he receives a percentage of the transfer fees at Blackpool for players who are sold for a profit, meaning he stands to make a possible six-figure sum if Liverpool can arrange a deal for Adam before the transfer window closes on Monday. The revelations are embarrassing for Holloway, who has spent the window talking up Adam's transfer valuation, saying the midfielder is worth four times more than Liverpool's £4m bid. Oyston, however, believes his manager is entitled to the clause, which is not against Football Association regulations, and that Holloway would rather keep Adam to help retain the club's status in the top division. "Ian's position at the club is geared towards staying in the Premier League and [the bonus he would receive for doing so] dwarfs what he would stand to earn from any one player," he said. "It [the story] is a non-event. This is insubstantial and insignificant and shouldn't be focused upon." HM Revenue & Customs had not been aware of the practice of managers receiving bonuses relating to player sales but the tax man will in future be checking managers' self-assessments records www.guardian.co.uk/football/2011/jan/27/ian-holloway-stays-blackpool
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Post by Macmoish on Jan 28, 2011 7:54:35 GMT
TELEGRAPH/Jason Burt Blackpool manager Ian Holloway leaves himself open to cynical accusations over Charlie Adam's fee The Premier League on Thursday confirmed that it was comfortable with managers receiving a slice of the transfer fee for players sold by their clubs. Ian Holloway leaves himself open to cynical accuasations over Charlie Adam's fee
Indeed it is understood that such arrangements remain commonplace, especially among ‘selling clubs’ who need to develop players to balance the books.
For example Harry Redknapp, when he was manager of Portsmouth, was permitted 10 per cent of the net profit from any player he sold — although this was later reduced to five per cent when his contract was changed. One source suggested that more than half of top-flight managers profit from such deals. It extends beyond managers — and is even more prevalent, and perhaps understandably so, among scouts and academy directors. Take the case of Ashley Young’s £9.5 million move from Watford to Aston Villa in 2007, which happened two weeks after the Championship club sacked assistant academy director Chris Cummins. He discovered Young and was, under his contract, entitled to 2.5 per cent of any fee over £500,000 achieved for the midfielder. It meant he should have received £235,000 for the sale of Young and, eventually, he received the bulk of that money. The issue was raised again on Thursday with Blackpool manager Ian Holloway confirming he had such an arrangement at his club — at around 2.5 per cent, which is believed to be the going rate - and would, of course, benefit from the sale of a star asset such as Charlie Adam.It could be argued that there is no difference between the deals for the likes of Holloway and Cummins. But, clearly, the manager has far more say in the future of a player than an academy employee. Holloway has the lowest basic salary in the Premier League, £200,000, which is less than many managers in leagues below him but not ones with comparable resources and gates to Blackpool.Holloway, it must be stressed, has done nothing wrong. But he is veering into dangerous territory when he discusses the fees that should be paid for his players. So when he tells Villa and Liverpool that they should be “putting a figure one in front” of the offers made for Adam (ie. pay £14 million rather than £4 million), he is leaving himself open to the accusation that, because he would receive more money, it is part of his motivation. However unfair that may be, the existence of such arrangements always leaves that corridor of doubt. www.telegraph.co.uk/sport/football/teams/blackpool/8287253/Blackpool-manager-Ian-Holloway-leaves-himself-open-to-cynical-accusations-over-Charlie-Adams-fee.html |
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Post by Macmoish on Jan 28, 2011 9:13:32 GMT
Talksport - Exclusive - Bircham: 'Holloway is most honest man you'll ever meet' * By Nick Rostron-Pike * Thursday, January 27 Marc Bircham has defended Ian Holloway over the cut he will receive from Charlie Adam's possible move to Liverpool. The Blackpool manager admitted that he will pick up a share of any profit made on the player signed from Rangers in 2009. Bircham though believes the add-on is a commission similar to any other profession and claimed that Holloway is one of the most honest men he has ever met. “I suppose it’s like any business, its all about commission”Marc Bircham He said: "When he took over at Blackpool he would have been on an average League One manager’s salary when he was in the Championship. The way he saw to build it up like any job is to work on bonuses. When asked how widespread the practice was Bircham said: “I suppose it’s like any business, its all about commission. If a manager goes out and gets a player for £100,000 and the club ends up selling him for £6million, then it’s part of making up his wages. "It would be different if he was a top Premier League manager and on £50,000 a week but he’s not, it’s part of his contract. “He’s just backed his own ability to bring players through. When he first started at Bristol Rovers he had Jason Rovers, Barry Hales and Jamie Cureton and they all sold for millions. Then he went to QPR and bought Danny Shittu, Lee Cook and sold them for millions. Even at Plymouth he had Sylvan Ebanks-Blake who he bought for peanuts and sold for millions. “I suppose because Blackpool weren’t offering him too much money he backed his own ability and said he’ll take that clause in his contract." CLICK TO LISTEN www.talksport.co.uk/sports-news/football/premier-league/4812/9/exclusive-bircham-holloway-most-honest-man-youll-ever-meet
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