Bilal El Khannouss to Stuttgart Permanent - Confirmed by Stuttgart

[RoboFox]

Seems like an automatic transfer based on appearance threshold, no? 

 

Seems like we're not taking a massive loss on this. It’s closer to break-even amortised value, especially given one year of contract amortisation.

 

Still, he should've been sold at a profit given his potential and if the club wasn't being run into the ground financially we wouldn't be under such pressure to rely on deals like this to bump up the numbers for the end of the PSR accounting year.

 

Aiyawatt and Rudkin are the thickest people in football. 

[Leicester_Loyal]

Mad we haven't made a decent profit on him.

[filbertway]

So we paid £21m according to reports and Stuttgart are saying they paid £17m (Just shy of 20m euro) for him.

Bilal El Khannouss: Leicester sign Morocco midfielder from Genk for £21m - BBC Sport

 

 

 

Astonishing business if true.

[coolhandfox]

Desperate to balance the books.

 

Sharks smell blood in the water.

[Stadt]

1 minute ago, coolhandfox said:

Desperate to balance the books.

 

Sharks smell blood in the water.

Means it's more important to try and leverage the first few deals well, make a good sale first and it strengthens your position further down the line as there's less desperation.

 

The season Top became owner of the club Stuttgart were in the 2. Bundesliga and feasibly Vardy was worth more than their whole squad. Now we're selling players at a loss to them because of RAT (Rudkin and Top)

[Jordan]

City had no leverage in this deal.

 

El Khannouss made it perfectly clear he wasn’t staying and threatened to sit out the entire season and neither he nor his agent could be convinced to take a more reasonable stance.

 

City were reportedly asking for £30m in the  summer, a figure that the football world found a little ridiculous at the time. El Khannouss did all right last year but let’s be real, nearly every other Premier League club already has a midfielder on his level so it’s not like he raised his valuation that much in less than a year.

 

City were advanced in discussions with Palace but those negotiations fell apart late as they decided to turn their attention to other players (Pino) and resolving the other soap opera storylines within their club at the time. Spurs may have inquired but Palace was the only club that was really serious and even then he wasn’t part of their Plan A.

 

I’m blaming El Khannouss’ intransigence and the other bad business Rudkin did to put together a team that was utterly hopeless last season on this situation. City had to get rid of him one way or another.
 

Seeing where we are now makes me wish there were more players that City could have sold for a little less than the transfer fee paid, we might be in a situation that’s at least a little less awful.

[Lambert09]

6 minutes ago, Stadt said:

Means it's more important to try and leverage the first few deals well, make a good sale first and it strengthens your position further down the line as there's less desperation.

 

The season Top became owner of the club Stuttgart were in the 2. Bundesliga and feasibly Vardy was worth more than their whole squad. Now we're selling players at a loss to them because of RAT (Rudkin and Top)

Can’t do a lot if a player is refusing to play though. We were forced into a losing position and given our financial situation had to do something. 
 

we got James in out of it, who was always going to be a better fit for this league. Player power is insane these days 

[Stadt]

1 minute ago, Lambert09 said:

Can’t do a lot if a player is refusing to play though. We were forced into a losing position and given our financial situation had to do something. 
 

we got James in out of it, who was always going to be a better fit for this league. Player power is insane these days 

That didn't mean we had to accept a loss on the player. 

 

Stuttgart's sales last summer, holding out for £25M+ was perfectly feasible 

€116.55m
Nick Woltemade		Newcastle	€75.00m
Enzo Millot		Al-Ahli	€30.00m
Woo-yeong Jeong		Union Berlin	€4.00m
Jacob Bruun Larsen		Burnley	€4.00m
Anrie Chase		Salzburg	€2.00m
Jovan Milosevic		Werder Bremen	Loan fee: €650k
Luca Raimund		F. Düsseldorf	€400k
Dennis Seimen		SC Paderborn	Loan fee: €250k
Silas		Mainz	€150k
Yannik Keitel		Augsburg	Loan fee: €100k
Leonidas Stergiou		Heidenheim	loan transfer
Juan José Perea		FC Zürich	free transfer
Luca Pfeiffer		SV Elversberg	?
Thomas Kastanaras		Stuttgart II	-

[Lambert09]

1 hour ago, Stadt said:

It’s not - it depends on what the bidding club(s) are willing to pay. 
 

He’s 22 (I think) has a great record of G+A, brilliant 1 v 1 and has a mercurial ability to score from range. Bournemouth, Brighton, Leeds, Sunderland etc will be very interested at £25m, never mind £20m

The problem is that football is dictated by agents now and it’s not the old school of bidding wars driving up prices. 
 

what happens now, is agents decide the value and all the clubs meet the same value. So when we’re in league 1 you’ll get all those clubs (who I don’t disagree would probably pay that fee) interested for a fee like 17m and none of them will really budge on it and eventually we will just be bullied to accept it 

[Stadt]

Just now, Lambert09 said:

The problem is that football is dictated by agents now and it’s not the old school of bidding wars driving up prices. 
 

what happens now, is agents decide the value and all the clubs meet the same value. So when we’re in league 1 you’ll get all those clubs (who I don’t disagree would probably pay that fee) interested for a fee like 17m and none of them will really budge on it and eventually we will just be bullied to accept it 

What? Sorry I don't agree.

[Jordan]

1 minute ago, Stadt said:

That didn't mean we had to accept a loss on the player. 

 

Stuttgart's sales last summer, holding out for £25M+ was perfectly feasible 

 

€116.55m
Nick Woltemade		Newcastle	€75.00m
Enzo Millot		Al-Ahli	€30.00m
Woo-yeong Jeong		Union Berlin	€4.00m
Jacob Bruun Larsen		Burnley	€4.00m
Anrie Chase		Salzburg	€2.00m
Jovan Milosevic		Werder Bremen	Loan fee: €650k
Luca Raimund		F. Düsseldorf	€400k
Dennis Seimen		SC Paderborn	Loan fee: €250k
Silas		Mainz	€150k
Yannik Keitel		Augsburg	Loan fee: €100k
Leonidas Stergiou		Heidenheim	loan transfer
Juan José Perea		FC Zürich	free transfer
Luca Pfeiffer		SV Elversberg	?
Thomas Kastanaras		Stuttgart II	-

This is not how transfer business works.

[Lambert09]

1 minute ago, Stadt said:

What? Sorry I don't agree.

When was the last time you saw a price drive up because more clubs enter the race? It just doesn’t tend to happen any more. The whys around that I’m not so sure 

[fazzyfox]

Jokes aside about our shocking relegation season, we gave him exposure, PL football experience, the opportunity to train with, learn from and play alongside a legendary GOAT, I don’t think we shattered his confidence -and I did get that this is a World Cup year, important to him, but he leaves us enhanced not diminished. 
Apart from the possible eventual sales of Nelson, Monga and Page, he and Fatawu are our only realistic significant saleable assets and we’ve given him away .

Edited 25 March by fazzyfox

[st albans fox]

6 minutes ago, Lambert09 said:

When was the last time you saw a price drive up because more clubs enter the race? It just doesn’t tend to happen any more. The whys around that I’m not so sure 

Because the player has already agreed to join a club.  Others entering to try and take the player will generally only drive up the package the player has agreed rather than the fee the selling club can get.  If you’ve been relegated then you’re in a very weak position. 

[Foxin_Mad]

Just Jon ensuring long-term sporting alignment, strategic squad development and the high-performance environment required to deliver sustained competitive success

[HankMarvin]

Maybe not quite as straight cut as people assume. 
If the release clause wasn’t met by anyone they had to take what offer is on the table given they knew there needed to be major reductions and no incoming transfers.

 

“And I'm satisfied, even though, to be honest, it wasn't easy this summer. It was difficult to find a way out of Leicester; they didn't make it easy for me. What I especially didn't understand was why it didn't work out despite my release clause”

[Stadt]

1 minute ago, Jordan said:

This is not how transfer business works.

We have a player we want to sell, his market value was somewhere in the £20m - £30m range, we purchased him for £21m.

 

Stuttgart would naturally try and lowball us, as is their prerogative, ours is to maximise the sale. We knew they'd had a windfall from sales. BEK having a paddy didn't help us but making a loss when we're already in financial difficulty should have been completely off the table. Negotiate from higher starting position to find the equilibrium. Instead they've completely won this transfer in about every facet and we come out losing in all regards.

[HankMarvin]

Just now, Stadt said:

BEK having a paddy didn't help us but making a loss when we're already in financial difficulty should have been completely off the table

Is it making a loss after a season has passed or has his book price been met 

[Stadt]

12 minutes ago, Lambert09 said:

When was the last time you saw a price drive up because more clubs enter the race? It just doesn’t tend to happen any more. The whys around that I’m not so sure 

Sesko.

 

A lot of the bidding is less formal and through enquiries, rather than lodging a proper bid. Clubs know about the interest in players so set the fee higher because they know of of the interest 

[Stadt]

2 minutes ago, HankMarvin said:

Is it making a loss after a season has passed or has his book price been met 

We make an accounting loss on him, maybe break even PSR wise. The actual loss is the bigger problem at this stage 

[HankMarvin]

13 minutes ago, Stadt said:

We make an accounting loss on him, maybe break even PSR wise. The actual loss is the bigger problem at this stage 

If he cost £21m as reported we make a small accounting profit £1.5m

why is the actual loss the bigger problem? 

[Stadt]

Just now, HankMarvin said:

If he cost £21m as reported we make a small accounting profit £1.5m

why is the actual loss the bigger problem? 

Because we're losing money hand over fist, we've lost a player that we need to replace (amongst lots of other players). He cost us £21m and Stuttgart said they've bought him for £17m (less any loan fee, don't know what that was). How is the shortfall funded? I'd wager Stuttgart haven't been paying 100% of his wages either.

[moore_94]

Just now, Stadt said:

Because we're losing money hand over fist, we've lost a player that we need to replace (amongst lots of other players). He cost us £21m and Stuttgart said they've bought him for £17m (less any loan fee, don't know what that was). How is the shortfall funded? I'd wager Stuttgart haven't been paying 100% of his wages either.

Pretty sure it was meant to be the loan fee and future fee would equal what we paid for him, which gives us a good profit for PSR as well

[HankMarvin]

6 minutes ago, Stadt said:

Because we're losing money hand over fist, we've lost a player that we need to replace (amongst lots of other players). He cost us £21m and Stuttgart said they've bought him for £17m (less any loan fee, don't know what that was). How is the shortfall funded? I'd wager Stuttgart haven't been paying 100% of his wages either.

But we were relegated, he didn’t want to be here, no one met his release. They left it to the last minute to organise a deal, if no one came in for him and we got him off the wages this season that’s a plus.

I’m not sure what else the club could do, if they turned down the offer and payed 6 months of wages why he sits around doing nothing with his value dwindling even more plus minus over a million in wages from the original negotiation.

Plus there was a chance that the other club would’ve moved on to another target.

I guess the club also thought they safeguarded themselves by adding a low release clause upon signing him to mitigate risk.

[Bob666]

3 hours ago, Sol thewall Bamba said:

Jon Rudkin, Art of the Deal.

Rudkin, we promote