Andy Hamilton: ‘Chelsea are the poster boys for where football has gone wrong’
Andy Hamilton: ‘Chelsea are the poster boys for where football has gone wrong’
Exclusive: Acclaimed writer was once a devoted Chelsea fan, but a growing disconnect has seen him give up his season ticket
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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.
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.
Neither me or the person I responded to mentioned loans to pay wages. Did you mean to respond to someone else?
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.
No worries
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.