floz

Only in so far as £50m is close to £40m. Why do journos not understand this?

Now would be the wrong time to sell him IMHO. Sign him up on a new contract. He has improved year on year and if that continues he will be some player. If he doesn't break into the team immediately he can always be loaned out again.

"hopeful of getting his big money transfer". Big money my arris - he would be taking a pay cut to go there......

From our friends at own goal Nigeria: http://owngoalnigeria.com/2017/07/19/revealed-why-leicester-city-will-pay-15m-for-iheanacho-not-25m-as-demanded-by-man-city/ "Iheanacho’s move to the club is expected to be completed before the end of this week, and the 20 year old will link up with the rest of the Leicester City squad at their training camp in Hong Kong". Can't see him flying to Hong Kong on a day trip.......

At the moment 26%. That is the difference between his personal earnings over £150k being taxed at 45% and the corporation tax rate of 19% which would be charged on his image rights paid to a company of which he is a shareholder together with his agent. Quite a lot for him and his agent for some simple tax planning. Possibly even more if the company holding his image rights is resident in a tax haven and not the UK.

So the dispute between the 2 agents seems to be around image rights. Image rights are restricted by HMRC to 20% of a players total package as they are paid to a company and subject to a lower rate of tax than if they were all paid directly as a salary to the player through PAYE. So if we, for instance, are offering him £100k a week then £1m of his £5m a year salary will relate to his image rights. A 4 or 5 year contract will therefore include £4m or £5m of image rights that the agent will want their cut of. what would that be? 10 or 20%? Those amounts should not be insurmountable in terms of paying the former agents off and getting this deal done.

Deal completed. One year loan per Official Site.

If he is a rising star of African football then his future image rights are going to be worth a lot of money. This is not a normal transfer delay where someone who is ITK can say when it will completed. The parties have been in dispute for at least 2 years and as First Eleven won the court case they will want a lot of compo to give up his image rights.

John Percy and others can only guess as no one knows how long it will take for the Stellar Group to settle their dispute with First Eleven. Until that is resolved he cannot sign for us.

If Stellar had won the court case he would be ours by now. As it is they lost so First Eleven need buying off from a combination of LCFC, MCFC , Stellar and the player before he can sign.

The Stellar Group are his new agents who will have negotiated personal terms with LCFC but they lost the image rights case to the US based First Eleven group who for now retain his image rights. Only an appeal or a pay off from Stellar to First Eleven can change this and it appears the transfer can't be completed until this has been resolved.

This dispute between the competing agents has been going on for 2 years. I can't see how it can be resolved quickly. https://www.google.co.uk/amp/www.mirror.co.uk/sport/football/transfer-news/manchester-city-contract-talks-kelechi-7192751.amp#ampshare=http://www.mirror.co.uk/sport/football/transfer-news/manchester-city-contract-talks-kelechi-7192751

Looks like this Agent dispute has been running for some time and no reason to think it is near to resolution. http://timesleader.com/news/local/618492/manchester-city-soccer-player-kelechi-iheanacho-sues-two-local-attorneys http://www.espn.co.uk/football/soccer-transfers/story/3129508/agency-dispute-could-stall-kelechi-iheanachos-man-city-exit-source http://www.footballinsider247.com/report-dispute-stall-summer-striker-move-everton-west-ham-considering-move/

There are undiscovered tribes deep in the Amazon tropical rainforest who are more ITK than LCFCHQ.

What's occurring then Bert?