What it does mean though is there is no place for undisclosed transfer fees. These are the details that Juventus published on 30 th June Juventus published the following report as at 30 June So for example in the Juve figures, Gianluigi Buffon was bought for 52,, euros but now has a book value of only 1,, euros.
A bit like if you have your own business and have a vehicle, in your accounts it depreciates in value each season. The Italian way means that fans are armed with much more information to understand club finances and helps with the governance of football clubs. View Author Profile. If you would like to feature on The Mag, submit your article to [email protected].
Alan Shearer on the money with verdict after Newcastle make it 12 games and no wins. The independent voice of Newcastle United since Search Newsletter sign up. Home News Opinion Transfers Season. With the fee undisclosed, it is highly likely that Spurs received far less for the Frenchman than they paid for him just a year ago.
The irony of course, is that the media will inevitably reveal the details in the end. No one involved can keep quiet forever—and the very fact clubs try so hard to keep things secret only heightens the media reaction. More often than not, honesty would be a far better policy. Often, the fee is revealed because both sides are happy they have agreed a market price for the player in question. This is the case 90 percent of the time—but not always.
Both clubs made such numbers public—and this is what is interesting. Spurs were more than happy to publicize the fee, which shows that Ramos and the club feel they have got themselves a bargain. The fans are happy to have signed the Mexican for such a comparatively minimal fee—and so it seems everyone at the North London club expects the year-old to be a revelation.
If the player was such a bargain, why then were Barcelona so happy to reveal the fee—especially to their notoriously critical media? Just like Spurs. How does United's executive vice-chairman Ed Woodward sweep this one under the carpet? Normally, when a deal isn't conducted with seconds to spare before the window shuts, the process is a lot more straightforward: clubs' press releases are painfully watertight, and the press "understand it to be in the region of", through "sources" that are well-placed.
The fundamental problem is that there seems to be a difference between doing something and owning up to doing that very same thing. The fun of the transfer window remains in the foreplay of speculation rather than the main event. But there is a certain joy about knowing how much a player costs; in working out how many Michu's you can buy for a Neymar The success of Championship Manager, Football Manager and various fantasy football leagues is largely down to how well one can wheel and deal, tinkering with clearly priced players to build a winning team.
Why is there a lack of transparency? After all, a Premier League club's finances are laid bare every year , while gate and matchday income, merchandise and TV income, and commercial sponsorship are all widely available to anybody who cares to look.
A breakdown of individual transfer fees remains largely hidden. However, there must be a line drawn between disclosing transfer fees and disclosing wages. Wages are between a club and an individual and publicising that would divide a dressing room.
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