Showing posts with label transfer cuts. Show all posts
Showing posts with label transfer cuts. Show all posts

Wednesday, February 8

Where's the money gone?

Whatever you think about the outcome of the Harry Redknapp court case, isn't it time the FA outlawed managers receiving any percentage of transfer fees?

Like bank bosses, top managers are paid enough. Surely a transfer fee for a player sold belongs to the club and should be used for the benefit of that club as a whole? Had Portsmouth not been paying a five per cent cut of their transfer profits to Harry, as they did with Peter Crouch, they might be in a slightly better financial situation now.

West Ham gave Harry £300k from the Rio Ferdinand transfer as a bonus, it emerged in court, and you suspect that this sort of thing goes on at many clubs. And surely if a manager gets a cut from selling star players this could create a conflict of interest with the long term aim of building a side? Light-touch regulation didn't work with the banks and you suspect that our laissez-faire football values need re-evaluating too.