this post was submitted on 12 Oct 2023
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[–] TheUltimateScotsman@alien.top 1 points 1 year ago (1 children)

paying ridiculous amounts with money loaned from banks.

That's how most of these transfers are paid though. It's particularly obvious with release clauses.

Clubs offer better value for transfer with a significant amount upfront. The buying club hasn't got that money but the interest they pay will be lower than the premium the selling club wants for more installments. Take out a loan and it's ok. Clubs are fairly low risk in terms of lending. Even a club massively in debt will almost always pay their loans eventually.

[–] Frankenstein_3@alien.top 1 points 1 year ago (1 children)

This is true. What my point was no loan has ever been taken to pay wages. As far as I am aware. I would be open to stand corrected with valid sources though.

[–] TheUltimateScotsman@alien.top 1 points 1 year ago (1 children)

Neither me or the person I responded to mentioned loans to pay wages. Did you mean to respond to someone else?

[–] Frankenstein_3@alien.top 1 points 1 year ago (1 children)

Ohh yeah, sorry. I am at work and saw wages pop up in some comments, and replied as per that. But I do agree, loans are taken to pay for transfer fees. It's standard for every major transfer irrespective of the club.

[–] TheUltimateScotsman@alien.top 1 points 1 year ago (1 children)
[–] TigerBasket@alien.top 1 points 1 year ago

People don't read articles here, or anywhere on reddit tbh. One of my professors has his tests just be like from the first 3 pages of each textbook chapter, and people still don't read it. It's like 5 minutes of work lol.