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Spurs 'clarify' Begovic payment

Spurs 'clarify' Begovic payment

Spurs have moved to 'clarify' the situation surrounding the £1m 'sell on clause' Pompey owe them for Asmir Begovic, as we know a player that has never played for them! Or been owned by them...

A statement, officially released by Spurs, says that they agreed a double deal for Begovic and Younes Kaboul with money immediately paid to help us through continued financial troubles - although an agreement was also reached that if Begovic did not complete his move to Spurs before the end of January's transfer window, and joined someone else instead they would be repaid £1m that was paid up front.

So, it was not a 'sell on clause' and Spurs did not 'own Begovic' - that would have seen rules broken, over the number of clubs a player can play for etc - they had merely 'advanced a payment' which they are entitled to have back...

Well, here is that statement: 'The club can confirm that it has invoiced Portsmouth Football Club for £1m in respect of the failure of the joint transfer of Younes Kaboul and Asmir Begovic to Spurs and in accordance with the Agreement of 30 January 2010 between both clubs.

'The statement contained within the Administrator's report released yesterday (21/04/10) that it relates to a sell-on fee for Begovic, is inaccurate, as is the statement that the player was registered with Tottenham Hotspur Football Club.

'Our original agreement with Portsmouth was for the purchase of two players for a combined, agreed price.

'The transfer of Younes Kaboul was completed and Portsmouth pressed for an immediate payment in order to alleviate their cashflow situation. We were assured that the transfer of Begovic would be completed before the end of the transfer window.

'In order to assist Portsmouth with their financial difficulties we paid Portsmouth an agreed sum of money, whilst at the same time concluding an agreement that, should Begovic be sold or loaned to any Club other than ourselves, we would be repaid the sum of £1m. Portsmouth were keen to openly and freely agree to this surety.

'Our intention had been to assist a fellow Club in financial difficulties whilst at the same time protecting our commercial position. We shall continue to do the latter and trust that this statement clarifies the position.'

Ok then. Football, has well and truly gone mad! Then again we knew this, right?

Why can transfer deals just not just be simple? You want a player, you pay an agreed amount for that player - no clauses, no 'I will pay you X-amount now and X-amount in 10-years', or X-amount for blah, blah, blah...

PLAY UP POMPEY!


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Writer:pompeyrug
Date:Thursday April 22 2010
Time: 9:19AM

Comments

0
Although as a Spurs fan I interpret this as my club being extremely generous in paying you a million quid upfront as a wonderful gesture towards a fellow professional club. i guess the real truth is that we probably bought Younes kaboul for less that we sold him, because you were desperate and we too advantage (fair enough) and hoped to do the same with begovic, but he went elsewhere. Probably a case of 5m the pair or three for YK on his own, we will give you four (knowing that KY was worth 6M) so we cant lose, but will obviously want our million back if AB opts to stay or move elsewhere. Brillaint by Spurs, but perhaps a sad indictment of football in general.
oxfordspur
22/04/2010 09:46:00
0
I would prefer all the staggered payments were made illegal. You want him, you pay for him, end of... saves all this paying for 3 years, even when the player left 2 years ago, and paying x amount now and more if he plays 100 games? i dont thinkl Comet would let me buy a TV for half price now, and the half if i keep it for 3 years, but then have to pay them more if I sell it on or watch more than 100 hours of TV, its just madnes.
Midge
22/04/2010 09:51:00
0
Midge, perhaps you have a point, but of course that was how it was in thhe good old days, when you simply wrote a cheque and that was the end of the matter.staggered paymets and add ons have come over from europe and South america and therefore it would have to be a worldwide rile change, which aint going to happen. Also I feel thta some small clubs like the idea of add ons if the potential superstar they believe they are selling at 16 goes on to captain England etc. we may not like it, but sadly it is here to stay. I do believe that the sanctions that a player cant be sold if there is a didpite over late monies owed etc could be worked to individial players or clubs and perhaps once a player is sold, but money stillowed for his initial signing. the balance must be settled, but there are so many inponderables to any situation it could make it an absolute nightmere for everyone.
oxfordspur
22/04/2010 11:02:00
0
greed all round!
stephenperth
22/04/2010 11:12:00
0
It's just Spurs wanting their deposit back, rightly so. A storm in a teacup whipped up by the anti-HR fans probably. On the other point I agree with Midge - when you buy you should pay!
PFCblue
22/04/2010 12:33:00
0
I'm going with oxfordspur on this one - Kaboul was worth more than they paid for him. Begovic was looking odds on to be worth more than a couple of million at the time. They just wanted cheap players.
Pompeyscum
22/04/2010 15:40:00
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