A proper wtf transfer moment
Wednesday, April 21, 2010 at 2:43PM So. Let me get this right. Pompey owe Spurs money (£1M) for a player that never actually signed and played for us because he rejected the deal. This is thanks, apparently, to a sell-on clause that was part of a two player deal to bring Begovic (the player in question) and Kaboul. You still following? The latter signed, the former went to Stoke instead.
So to clarify. We are owed one million pounds (little finger to edge of mouth) for a player who did not agree to complete the deal his club and Spurs shook hands on.
Two things.
1) Portsmouth. I guess this was Harry's doing, right? Right? Massive epic fail.
2) Daniel Levy. Genius.
Insanity that laughs in the face of logic, then rips its face off and wears it as a scarf. It's a bit like Liverpool purchasing Robbie Keane for £20.3M and us taking him back for £12M. Madness, just madness.
Oh wait up...
spooky
Update time.
Spurs have spoken: http://www.tottenhamhotspur.com/news/articles/club-statement-220410.html
Ah, now that feels better, doesn't it?
Reader Comments (63)
Thanks for clarifying. I was just reading this on the Sky site and couldn't make head nor tail.
No wonder they're skint. I really feel for their fans*.
*Apart from top hat bellmong.
they might owe us £1m plus more for transfer fees but we'll never see any of it so they might as well owe us £10m for him.
£1M + a hefty chunk of £17M or so that Portsmouth owe us and Liverpool.
Money we're unlikely to see anytime soon.
Also owe us for other transfer fees. Expect some more Pompey players at Spurs in the summer.
No we'll get the money as all football debts have to be paid before the other creditors are so whoever comes in and buys the club will have to pay us. Maybe there's some more "phantom" transfer waiting to be done??!!
throw them out the FA cup. Cheats, if we'd had that extra million we would have definatly won
I still don't get it. A sell-on clause is part of a players contract so if we don't own the player how can we evoke a clause? Did Spurs sign a deal with Portsmouth and then find the keeper not wanting to move? I don't see it.
Levy. Getting blood from stone is child's play.
Couldn't happen to a nicer club (other than Arsenal0
SWEET , AT LEAST WE GET SOME REVENGE FOR WHAT THEY DONE TO US ,I HAVE NO SYMPATHY FOR THEIR FANS , COME ON LEVY TURN THE SCREW AS MUCH AS U CAN SON
For all of Levy's faults no-one can deny he has some unbelievable transfer negotiating skills!
My personal favourite was selling Mido to Boro for £6m! Making a £4m profit in the process. Which only slightly edges this Begovic deal.
Although anyone who can get £9m for Didier Zokora is obviously some kind of transfer genius IMO.
Didn't we sign Niko for £2M and sell them KPB for £4.5M?
Daniel Levy needs that million to buy another shark with a laser beam attached to it's head.
The business machine that is Tottenham Hotspur.
MUUUHAHAHAHAHAHAHAHAHAHAHA!
Have I got this right, because, like many I had always hated Dan the man, but am coming round; this may complete my transformation from loathing to total admiration? He BUYS Begovic, with a sell-on clause, they shake on it, Begovic says no and goes to Stoke instead in a huff - this is deemed a sale and we get the sell-on. This guy is a FUCKING genius!!!!
Any truth in the rumour that Levy has Paul Mackenna type hypnosis powers that render other chairmen useless in his presence?
"Insanity that laughs in the face of logic, then rips its face off and wears it as a scarf"
That statement aptly describes football as a whole...or maybe
The wages-it's an understatement.
The Agents- it's too polite-
The FA-it's far to polite
The Fans-it's about right
The Media coverage-it's too accurate etc.......
"Any truth in the rumour that Levy has Paul Mackenna type hypnosis powers that render other chairmen useless in his presence?"
If clubs are limited to "spend only what they earn" DL may well give us an edge
wait for it........
levy is a legend
I still don't get it!?!?!?
This is my thinking behind a sell on clause: A club sells a player they believe will be worth more in years to come. They agree, based on this, that they will sell now on the cheap, despite his undoubted potential for a cut of any future fee when the buying club in turn sells him on. In this instance, Portsmouth 'sold' him to Spurs, so surely any sell on fee would have been Spurs having to pay Portsmouth if we made a profit from him?? How can the clause have been if he is sold on Portsmouth give us money?!?! I really don't get this at all!!!
I put that right up there, with the KPB, Zokora & Mido transfers... All of which have caused my jaw to drop. I wonder if there's any chance of him being offered the chancellors job? He'd get the Germans & French to pay our budget deficit!
Levy, legend. Spooky, sell-out.
Jesus Christ can the mess at that club get any worse? Unlike some I do feel for the fans they are the ones that suffer in the end. Don't think the have any decent players left to steal do they?????
Also, I would love to have heard that conversation when he called Jol about Suarez. I bet he didn't even blink about ringing the guy to ask how much he wanted.
"Hi, Martin, Daniel here... Long time, how's it going? Now down to business..."
p.s. Loved the post about the shark with the 'Lazer'.
I'm with Dan Mac on this - it makes no sense! Surely a sell on clause would result in us (or maybe Stoke) owing Portsmouth, not the other way around??
Jol's come out and said that Ajax value Suarez at £16m......................
Tenner says that Levy gets Suarez for Adel Taarabt and a job lot of assorted door handles.
Dan Mac is right - a sell-on clause pays a player's old club (Club A) when his current club (Club B) sells him. A portion of the transfer fee paid to Club B by the acquiring team (Club C) goes back to Club A.
See this helpful little Beeb article here: http://news.bbc.co.uk/sport1/hi/football/1855375.stm
So in this case, I also don't understand how Pompey would be paying Spurs. Maybe it represents a portion of the fee that Pompey got when they sold him to Stoke?
Think you could be on to a winner there Jamiespur can see both Adel and Dos Santos wearing the red and white of Ajax next year. Sod it lets chuck JJ in there to.
Had Begovic played for Spurs earlier, before going to Pompey? (pardon my ignorance) If so, that might make sense.
Something must be lost in translation. Do the media ever get it right the first time round?
Never a dull moment ... good God!
I think this story is full of holes really but anyway assuming it was correct I would not be happy nor think it was good news for the club if true.
If you get a rep for unfairly screwing those in weaker positions then you risk everyone treating you according to that perception.
That would be bad news for thfc and not worth the short term profit because of the longer term implications.
the bald one did a number on a lot of clubs.. he held out to the last moment and sold a player who was on strike to Manure for 31 fucking million.. we got Bale for 5m?? Lennon for 2m?? Manure or Citeh would have paid 10 -20m for them even at their tender age then..Shite..he is one of the shrewdest operators in town bar none..That man can sell lead for the price of gold.. how do you think spurs registers record profits year after year? not even regular dodgy pub bloke Uncle Arry can pull one over this bald eagle..
Just hope he doesnt get wet dreams on the potential monetary value of our squad and think about cashing out some chips on the way this summer!!
This is probably similar to the Didy Harmann sale to City via Bolton. The player was sold to Spurs, then to Stoke, so the money Pompey recieved was actually supposed to go to Spurs. This is going to be a very complicated scenario, but I am sure the ammount is true else the Administrators would have raised it and investigated it. All debts published will be 100%.
I have always thought Levy was great for Spurs, I lost a bit of faith with the Ramos situation (Jol was a legend, and got us to 5th two times out of 3).
I think this summer will see all of our crap sold, our squad being reduced and one or two high quality players bought in.
Could we put that million toward an buy back offer for Berba?
I'm confused...........
Presumably it's about the sell-on clause we had for Kaboul.
I'm guessing it was something like 20%, so if he moved for £15 million in a few years we would pocket £3 million.
Rather than take that sell-on fee, we took Kaboul back for £2 million and then got Begovic thrown in for £1 million, thus negating any future sell-on fee.
Begovic then turned up for his medical and decided against the move.
As a result, we are £1 million out of pocket, which technically, but rather stupidly/bizarrely, Portsmouth owe us.
Obviously figures are not factual, but I think it explains things a little, though I'm still bemused/amused.
Daniel Levy is rapidly turning into a god.......
This isn't a story that has been made up by the press. It is actual fact and identified as such in the admistrators report that Pompey have had to issue as part of their going into Administration. Pompey have had to produce a document detailing every debt they have and who it is owed to...........
We are owed £1m for Asmir Begovic. Now, I don't know how it has happened BUT it HAS happened and we should be quite pleased about getting £1m (the same amount of money we paid for Aaron Lennon) for a player that never played for us.
BrazilYid..........
I can see Adel, Gio, JJ, Hutton, O'Hara, Keane and a few other squad players being shipped out in the summer. Hopefully we'll be able to invest the money earned wisely and improve the squad in some key areas.
As someone with 'Brazil' in their nickname have you seen/do you know much about our new signing Sandro? I'm looking forward to him joining us in the summer. From what I've heard and read about him he sounds like a great signing in a key area.
it wasnt a sell-on clause, it was a double deal... it was agreed that the transfer (think was 9million) was for Kaboul and Begovic... and as at the last minute he didnt sign, the fee should be dropped as per the agreement...
so pompey owe us some of the transfer back...
apparently we also owe them some funds still for JD when we bought him...
I've just had a look at that administration paperwork and they really are/were in a complete and utter mess.
They still owe Chelsea £1,020,000 for GLENN JOHNSON!!! What's more, the payments are in installments upto January 2011!
They owe Udinese Calcio over £3 milion for Sulley Muntari - who they sold to Inter last year.
However, as much as they owe us £1 million for Begovic (and it is noted as a sell on fee not a transfer refund), we apparently owe them £14 million in transfer fees.
Then there's the fees players are still owed. They owe Crouchy £232k and David James £800k!
They're in a complete and utter mess, and I don't think Harry is that much to blame.
As I read elsewhere (or was it here?) - if you have a budget you inevitibly spend it.
You then go to the boss to ask if more is available.
Boss says yes or no.
In this case Peter Storrie said yes, despite spending outside the club's means.
Harry just did the deals, believing that the costs could be covered.
What the hell made Peter Storrie think that attendances of around 25,000 every other week could possibly sustain such transfers?!??!
Hi Jamiespur I'm living in Sao Paulo at the minute and have seen a fair bit of him when ever his team play in Sao Paulo I have gone on little scouting missions. Not seen him since we got him as it's not the national championship at the moment and his games are not on TV. From what I have seen looks a very good prospect very strong on the ball can see why Dunga likes him reminds me a bit of the way he used to play. Maybe that is a bit to much prussure on his young shoulders. Worry a little bit about fans jumping on his back I'm sure it will take him time to adapt the pace is so slow over here compared to the prem. So in a nutshell I'm excited a good one for the future given time could become a superstar fingers crossed. The next star that will come out of Brazil is Neymar from Santos Man that boy is good. I have seen him score 5 goals in one game twice this season and he is 17 years old. He is making Robinho look like Andy Booth.
my guess? spurs agree to buy BOTH kaboul and begovic, but given the timing sense that portsmouth might try to last minute offer one or the other to someone else while spurs get agreement from the players. spurs put in a poison pill that if begovic ends up going elsewhere, portsmouth owe them 1m for the sale to the other club (stoke) as a penalty.
levy then calls begovic tells him to get stuffed u 2 bit GK how dare u turn your back on canada that way? and laughs to the bank...
"1) Portsmouth. I guess this was Harry's doing, right? Right? Massive epic fail."
If this was part of a double deal then surely it was Harry that bought Kaboul back to Spurs in the first place?! Fail on Portsmouth's part. Score on Harry's!
I think that we should forgo the fee as we have profited much more than this from their situation already.
Were are not likely to get the money anyway and might as well straddle the moral high ground in the mean time.
Its not all about the money is it?
http://www.guardian.co.uk/football/2010/apr/21/portsmouth-creditors-report-document
A full report.
Funny reading, P+L shows income of around 40m in 2007 and 36m paid straight out to salaries! Poor Crouchie is owed 250k and they even owe a local school 41k! Wankers.
This talk of 1m sell on thing is all very well but we're never really gonna see it anyway, any of it. Not that or the 3m for Boateng or 500k for O'Hara.
Storrie must have been shitting it - to have this report produced just shows in ineptitude at running a business. Embarrassment doesn't cover it!
What makes me laugh is that Begovic went to Stoke thinking he'd get a better shot at first team football and I don't even think he's played as Sorensen is a top keeper too. With the amount of games we're gonna have next season (be it Champs league or Europa) we're gonna need a backup as Gomes doesn't take knocks too well. Silly move by Begovic in my opinion.
I don't think I'd take one player from Pompey now, except that Jamie O'Hara kid perhaps...... oh wait a sec...
I can't really see us spending too much this summer. What positions do we really need? Good backup keeper, one more central defender and maybe a top striker? That's about it from what I can tell.
I wonder if Harry got a cut...and then forgets about it at tax time.
The deal seems to be as mmmikey said that the cost of us pulling out of the deal to buy him was that we get £1m if he went anywhere else during the Jan window.
We will see the money as football creditors get paid before anybody else - if they can't do that they'll get kicked out of the FA and fold.
I've had a quick read through the administrators report (as an accountant i understand these things!) and the most remarkable fact is that in the year to 31 May 2009 their wage bill EXCEEDED total turnover
Never mind owing us money i want to no why they owe the Doctor 15,ooo the way they played at Wembley it makes you wonder. We should give the Million to FATTY Whiley he got them there along with the Doc The Premier League and the FA. They will make 5 mill blood money from our Wembley visit it makes me Vomit the Bell ringer is the cause of all this Dept Ringing that fucking bell and pissing people of . I said all along the fans expected success with not enough cash or fans to sustain it they sucked us into feeling guilty by blaming Harry our players and Robbed us from our day of destiny because of living the high life with blank checks we had the poison chalice and bull dog Grant played is guilty card to the Max The Fans i feel sorry for is ours for becoming the Panto villains the ugly sisters and Porstmouth sharks Cinderfuckinrella
top hat bell mong...hahahahaha fukin ace....levy doing great work...top 4 for sure!!!
This summer I can live with our selling the likes of JJ, Keano, Dos Santos, O'Hara, and Crouchie, for a solid back up goalie and a striker (Suarez) (what's to stop Woodie having a blinder of a year in 2010-2011) but one would need to know how the incoming players would sit with the new regulations about squad size and composition (foreign players?)