Football Finance
- Thread starter King Binny
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[article]Jorge Mendes has reportedly pocketed a sizeable fee from brokering Fabio Vieira's move to Arsenal from Porto after the midfielder completed his transfer on Saturday.
Vieira has penned a five-year deal ahead of his switch to the Emirates after the Gunners agreed to pay £30million up front, with a further £4m in add-ons. The 22-year-old scored seven goals and registered 14 assists for Porto as the Portuguese giants clinched the title ahead of rivals Sporting and Benfica.
But reports in Portugal suggest that Porto will not receive the entire fee as part of their agreement with Mendes. A Bola claim that Mendes will take a 10 per cent cut of the final amount, amounting to £3.4m, with Porto taking the remaining £30.6m to add to their coffers.
In the specific case of helping Vieira move to north London, there was an agreement struck between the agent and Porto that meant any transfer that exceeded €30m (£25.8m) would see half of the difference would be paid to Mendes. In this case, the transfer exceeded the agreed value.
Likewise, his involvement in the deal that saw Vitinha, formerly on the books of Wolves and a target for Arsenal, join PSG for £35m.
It means Mendes stands to earn around €13.5m from both deals (£11.6m), highlighting his incredible ability to encourage clubs and players to sign on the dotted line.
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Just seen this. That's a shame. Les Girondins are my Ligue 1 team and I've been to home games there.
Villa are taking the piss there. But then, if their neighbours Wolves are charging more, then maybe it's not a crazy rise.
Man City with the second cheapest ticket in the League yet they still rarely sell out the Emptyhad
You actually get a crisp £20 if you go, and they still can't sell it out!
It is weird the City one. They technically sell out loads of games but loads of the season ticket holders only go to a few games a season. It might be people who just want to watch half a dozen decent matches a season who don't really follow a club. It makes no sense otherwise.
I work with a few people who go to a dozen games home and away without having season tickets. They never have a problem getting a ticket.
That’s because they don’t really sell a lot of tickets. Loads are bought by Arabs 2 minutes before who don’t even go the game. Or are in the country.
West Ham owners used to absolutely despised, but charging £299 for a season ticket, rehiring Moyes, the stadium move was controversial and fortunate, but they're robbing the tax payer blind for it, building a squad capable of progressing far into the EL. It's as big a turn around as you'll see in football without oil money.
I've thought that. Part of me wonders if they're bought by Manchester based businesses to woo clients. It's a pretty hassle free investment to have easy access to PL football
Alternatively any they don't sell out might be getting purchased with a Dubai based credit card. Not to get all tin-foil hatty, but I doubt any UEFA is checking who buys the tickets. If there's any financial loophole then City will be exploiting it.
What about us?
Check the Athletic thread I've posted the article in there
Lol at Salah asking for 400k a week with that in the pipeline.
Fair Play to them at least they are spending their way out of trouble, and testing UEFA.
Manchester City will simply find new ways to hide payments. It’s all for nothing.
yeah - they’ll just stick half the player’s salary through a separate company and call it “football consultancy work” or something.
None of it will matter - because the rich clubs will have their position protected.
They’d need to show some real teeth and take on a top team - relegating, banning or stripping them of titles.
Unfortunately, the only time UEFA show any appetite for being strong is if there’s any chance clubs will funnel money away from their competitions to their own - like the Super League or whatever it was going to be called.
^ Unfortunate truth
