pfim
Player Valuation: £50m
If i'm Southampton though, I think I favor the sell on over the immediate funds. For starters they have limited time to reallocate that return this window. Second they lose Dibling the possibility they stay in the championship is raised, thus the assurance in future money in future windows maybe more beneficial as the EPL balloon payments may not be coming in. But most importantly they clearly think he has potential to be an 100 million dollar transfer. Id say the margins are close considering the risk but the difference of 10 million in immediate return to say the upside of a 20 percent sell on in a future 100 million dollar transfer? Thats 20 million oppose to 10 million straight up. If it falls to a median future sale, they likely make what they were going to get anyway.
It depends on the numbers, but the up front removes risk and obviously limits upside as you say. But the up front also provides certainty in terms of the timeline of payment and booking on the P&L (now). He could be with Everton for four years, he could be with Everton forever...
The up front also allows them to leverage that extra 5x (amortization) either this window or in January, or any window until Dibling was sold again.
Yes the sell on may provide a higher ceiling, but there's also an opportunity cost to that.