Stevie_J Posted September 1, 2014 Share Posted September 1, 2014 http://www.foxsportsasia.com/football/news/detail/item1039343 "Richards arrived in Florence on Monday morning to undergo a medical before completing his switch to the Serie A outfit. As part of the agreement, Fiorentina will hold an option to make Richards' move permanent next summer." So if they don't want him, no money for the Latics? Every club in the world will have an option to sign him next summer. Quote Link to comment Share on other sites More sharing options...
LaticMark Posted September 1, 2014 Share Posted September 1, 2014 Micah Richards joins Fiorentina on season-long loan. http://www.mcfc.co.uk/News/Team-news/2014/September/Micah-joins-Fiorentina Quote Link to comment Share on other sites More sharing options...
Runningman Posted September 1, 2014 Share Posted September 1, 2014 End of thread! At last!! Quote Link to comment Share on other sites More sharing options...
SavageTheBeast Posted September 1, 2014 Share Posted September 1, 2014 What does this mean if if does become perm https://twitter.com/mikekeeganbbc/status/506551562731536384 Quote Link to comment Share on other sites More sharing options...
Ritchierich Posted September 1, 2014 Share Posted September 1, 2014 What a joke! I feckin hate City, Richards and the Premier league Quote Link to comment Share on other sites More sharing options...
nzlatic Posted September 1, 2014 Share Posted September 1, 2014 What does this mean if if does become perm https://twitter.com/mikekeeganbbc/status/506551562731536384 Why are loan fees even allowed? Quote Link to comment Share on other sites More sharing options...
LaticMark Posted September 1, 2014 Share Posted September 1, 2014 End of thread! At last!! Not quite? Mike Keegan@mikekeeganbbc Believe Fiorentina have paid 4.5m euros to loan Micah Richards which will rise to 6m euros if they make the signing permanent. #mcfc Quote Link to comment Share on other sites More sharing options...
Midsblue Posted September 1, 2014 Share Posted September 1, 2014 If Fiorentina have paid €4.5m to loan the my calculation that's about £730k based on 20%. If we get zilch due to it being a fee for a loan then that's disgusting. Quote Link to comment Share on other sites More sharing options...
Latics_Fanatic Posted September 1, 2014 Share Posted September 1, 2014 (edited) So i'm guessing we're down to the hope of getting 20% of the additional 1.5mill? Edited September 1, 2014 by Latics_Fanatic Quote Link to comment Share on other sites More sharing options...
TheBigDog Posted September 1, 2014 Share Posted September 1, 2014 Not quite? Mike Keegan@mikekeeganbbc Believe Fiorentina have paid 4.5m euros to loan Micah Richards which will rise to 6m euros if they make the signing permanent. #mcfc Posted at 22:18 Some meat on the bones of that Micah Richards deal. BBC Sport understands Fiorentina paid £3.5m to take the defender on loan for a season and will have to fork out another £4.7m if they want to make the move permanent next summer. Quote Link to comment Share on other sites More sharing options...
b0ndl1ne Posted September 1, 2014 Share Posted September 1, 2014 4.5m. Wouldn't have minded 20% of that Quote Link to comment Share on other sites More sharing options...
Sayful2001 Posted September 1, 2014 Share Posted September 1, 2014 That don't make sense as he is out of contract at the end of the season so he is a free agent?? Quote Link to comment Share on other sites More sharing options...
LaticMark Posted September 1, 2014 Share Posted September 1, 2014 (edited) If it's just a loan fee Latics get nothing, but if it's a transfer Latics get should get 20%. At the end of 12 months if Fiorentina / Richards say 'no' then Latics get zilch. If Richards joins at the end of the season Latics should get 20% - but is it 20% of 4.5m Euros or 20% of 1.5m Euros? This needs to be clarified as soon as possible - or this thread could run for another 12 months!! Edited September 1, 2014 by Mark59 Quote Link to comment Share on other sites More sharing options...
sjk2008 Posted September 1, 2014 Share Posted September 1, 2014 (edited) 6m euros if he stays with Fiorentina after his loan spell. It's effectively a transfer fee so we should recoup something. Pretty sure the club will have something so say if we don't. Chambers was speculating on the proviso that as of this morning it was just a straightforward loan deal, whereas there's now a fee involved. Edited September 1, 2014 by sjk2008 Quote Link to comment Share on other sites More sharing options...
AndyGortonsMatches Posted September 1, 2014 Share Posted September 1, 2014 Fiorentina has basically purchased him for 4.5m on a 10 month contract, he is to all purposes no longer a city player. Loan, my arse. Quote Link to comment Share on other sites More sharing options...
opinions4u Posted September 1, 2014 Share Posted September 1, 2014 The fee sounds like paying his wages to me. Quote Link to comment Share on other sites More sharing options...
slystallone Posted September 1, 2014 Share Posted September 1, 2014 The fee sounds like paying his wages to me. You know what, now you mention it, that makes sense. He's been reported as being on £65K a week; so quick maths and that's about right... Quote Link to comment Share on other sites More sharing options...
LaticMark Posted September 1, 2014 Share Posted September 1, 2014 Fiorentina has basically purchased him for 4.5m on a 10 month contract, he is to all purposes no longer a city player. Loan, my arse. Fair point. Why didn't Citeh just transfer Richards for 4.5m Euros, which is just over £3.5m? The additional 1.5m Euros is just under £1.2m, which is nothing to Citeh. Quote Link to comment Share on other sites More sharing options...
deyres42 Posted September 1, 2014 Share Posted September 1, 2014 Fair point. Why didn't Citeh just transfer Richards for 4.5m Euros, which is just over £3.5m? The additional 1.5m Euros is just under £1.2m, which is nothing to Citeh. FFP says it does matter... Quote Link to comment Share on other sites More sharing options...
rudemedic Posted September 1, 2014 Share Posted September 1, 2014 (edited) Articles 10, 20, and 21 Annexes 4 and 5 of this http://t.co/6EvthQl6dr confirm that we are due money for Richards. Edited September 1, 2014 by rudemedic Quote Link to comment Share on other sites More sharing options...
ottantuno Posted September 1, 2014 Share Posted September 1, 2014 Just when you thought the tedious saga had reached a conclusion..... Quote Link to comment Share on other sites More sharing options...
opinions4u Posted September 1, 2014 Share Posted September 1, 2014 Articles 10, 20, and 21 Annexes 4 and 5 of this http://t.co/6EvthQl6dr confirm that we are due money for Richards. Doesn't look like very much though based on annexe 5. Quote Link to comment Share on other sites More sharing options...
laticsrblue Posted September 1, 2014 Share Posted September 1, 2014 The thread that just keeps giving. Unlike :censored:ty, that seem to be doing everything they can to avoid giving us a bean. Quote Link to comment Share on other sites More sharing options...
rudemedic Posted September 1, 2014 Share Posted September 1, 2014 Doesn't look like very much though based on annexe 5. Ah but basically article 10 states that a loan fee = transfer fee. Therefore we get that sell-on clause. It might take Corney to have some balls and take it to court, but the best employment lawyer in town is an Man U fan, do you think he wouldn't like to take City to the cleaners? Quote Link to comment Share on other sites More sharing options...
LaticMark Posted September 1, 2014 Share Posted September 1, 2014 Ah but basically article 10 states that a loan fee = transfer fee. Therefore we get that sell-on clause. It might take Corney to have some balls and take it to court, but the best employment lawyer in town is an Man U fan, do you think he wouldn't like to take City to the cleaners? Wouldn't the club take it to the FA first, rather than go to court? Quote Link to comment Share on other sites More sharing options...
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