Moise Kean

[everton1953]

Going, going, GONE.

 

[Deleted member 48881]

AGREEMENT WITH EVERTON FOR THE ACQUISITION OF THE PLAYER MOISE KEAN

Turin, 31 august 2021 -

Juventus Football Club S.p.A. announces that an agreement with Everton Football Club for the temporary acquisition, until 30 June 2023, of the registration rights of the player Moise Bioty Kean has been finalized for a consideration of € 7.0 million, of which € 3.0 million for sporting season 2021/2022 and € 4.0 million for sporting season 2022/2023.


The agreement entails the obligation for Juventus to definitely acquire the player’s registrations rights, subject to the achievement of certain given sporting objectives by the end of the season 2022/2023. The agreed consideration for the definitive acquisition is € 28.0 million, payable in three years. Furthermore, a maximum of € 3.0 million of cumulative bonuses are envisaged upon achievement of further sporting performance objectives.

PRESS OFFICE CLAUDIO ALBANESE T. +39 011 6563448 claudio.albanese@juventus.com INVESTOR RELATIONS STEFANO CERRATO T. +39 011 6563538 investor.relations@juventus.com

 

[Steve EFC]

If the obligation to buy is subject to to the achievement of certain sporting objectives by the end of the '22/'23 season, I'm hard pressed to see how we can book anything beyond the loan fee, but I'm no accountant or contract analyst, so we await a formal analysis. I assume there is no obligation to buy until objectives are confirmed to have been met. And it seems we will not even know that until Spring '23.

Furthermore, the acquisition fee (assuming objectives are met) is reportedly payable in three years. Is that three years from now or three years from the fulfillment of the objectives?

While the deal seems like reasonable business on the surface given all that has transpired, I think we have few certainties in the near term and cannot fully assess this deal for another two years.

What is an ‘obligation to buy’ loan deal?

In my head Either it means nothing other than a loan deal with an option to buy at the end. (Which if he gets injured or he’s a flop they’ll not want to pay the money and make it permanent )
Or it’s enforceable and therefore it’s a sale with basically a deferred payment.?
If it’s the first one then it’s not that great for us and we relented from our original stance on the matter.
Feel free to put me straight on this anyone.

 

[Toffe3m4n]

The obligation to buy will deffo happen. It's probably just a way that Juventus can avoid paying the full fee now whilst they still need to sort their finances out properly. The player will be happy to be back in Italy at the club where it all started for him.

The language that the club have used this morning when they announced the move heavily suggests that he's gone for good.

 

[jazzy]

What is an ‘obligation to buy’ loan deal?

In my head Either it means nothing other than a loan deal with an option to buy at the end. (Which if he gets injured or he’s a flop they’ll not want to pay the money and make it permanent )
Or it’s enforceable and therefore it’s a sale with basically a deferred payment.?
If it’s the first one then it’s not that great for us and we relented from our original stance on the matter.
Feel free to put me straight on this anyone.

It's actually a conditional obligation to buy.
It is being related by poster on here that the condition that makes the obligation to buy operable is that Juve are in the Champions league.
If correct that's fine but when are they to be in the CL to make the obligation operable?

 

[derek duvall]

Brands has done well to make a profit on this fraud.

Off the field Brands has done well on him getting that despite wasting money on his wages and signing on fee. On the field it's been another shambles of a signing. Done nothing on the pitch and occupied a squad space

 

[Toffe3m4n]

Posted this on his Insta stories, which is more than I expected him to do really. Good luck to the lad.

 

[The binman chronicles]

So a deal worth up to 38 million euros + whatever we got from PSG as a loan fee last year. Not too shabby for technically a flop.

 

[Johnblue21]

All the doubters have to get out the humble pie....£6m over the next two seasons through a loan fee and £24m at the end of it, add to that the fee we got from PSG its a result, we exit a disruptive child who is now someone else's problem.

 

[tom_b1807]

Posted this on his Insta stories, which is more than I expected him to do really. Good luck to the lad.

View attachment 137493

Where was this gratitude whilst wearing the badge

 

[COYBL25]

Where was this gratitude whilst wearing the badge

He didn`t wear it that much tbh.

 

[BornBlue76]

Don't have time to get into it now.. but intuitively its a rubbish deal for Everton.

On the face of it this appears a panic sale based on those terms.. no bothered how the Echo have tried to spin it.
28m euro in two years, if he meets certain criteria.. If he meets those criteria what do you think he could be worth then?

Ok because I got started let me say why I thinks it rubbish:
1. The sale cannot be recorded until the terms are met. So the only income we get is the loan fee.
2. As the sale cannot be recorded we will still have to amortise the contract.
3. the loan (3m annual) is not enough to cover the amortisation - please tell me my maths is wrong?
4. so annually we still losing money until the sales is confirmed.
5. We recoup the initial downpayment in a couple season, but what if he meets these criteria what could his value be now at the age of 22 or 23 vs what he is now having played for Juve for 2 years.

I've just watched this space waiting to see how the terms actually play out before judging it. So in 2024 we hope to bank a profit as his book value will be two years lower. To book that profit now would take a club to pay the full purchase price we paid when we bought him.

Maybe there are reasons for not being able to find a willing buyer for a 20 year old who played in the CL for PSG last season and has already represented his country... but the deal sucks for us.

 

[Toffe3m4n]

Don't have time to get into it now.. but intuitively its a rubbish deal for Everton.

On the face of it this appears a panic sale based on those terms.. no bothered how the Echo have tried to spin it.
28m euro in two years, if he meets certain criteria.. If he meets those criteria what do you think he could be worth then?

Ok because I got started let me say why I thinks it rubbish:
1. The sale cannot be recorded until the terms are met. So the only income we get is the loan fee.
2. As the sale cannot be recorded we will still have to amortise the contract.
3. the loan (3m annual) is not enough to cover the amortisation - please tell me my maths is wrong?
4. so annually we still losing money until the sales is confirmed.
5. We recoup the initial downpayment in a couple season, but what if he meets these criteria what could his value be now at the age of 22 or 23 vs what he is now having played for Juve for 2 years.

I've just watched this space waiting to see how the terms actually play out before judging it. So in 2024 we hope to bank a profit as his book value will be two years lower. To book that profit now would take a club to pay the full purchase price we paid when we bought him.

Maybe there are reasons for not being able to find a willing buyer for a 20 year old who played in the CL for PSG last season and has already represented his country... but the deal sucks for us.

It's 38m, plus the loan fee when got off PSG last year.

 

[BornBlue76]

It's 38m, plus the loan fee when got off PSG last year.

Adds up to 38m all in over the period and with bonuses .. but isn't 38 in one tranche. so the first 7m goes against the amort for year 1 and 2. the 3m bonus is a bonus... again what will the opportunity cost be if we deserve a bonus payment in two years from now. Honestly only time will tell.

"he agreement entails the obligation for Juventus to definitely acquire the player’s registrations rights, subject to the achievement of certain given sporting objectives by the end of the season 2022/2023. The agreed consideration for the definitive acquisition is € 28.0 million, payable in three years. Furthermore, a maximum of € 3.0 million of cumulative bonuses are envisaged upon achievement of further sporting performance objectives."

 

[street end]

Don't have time to get into it now.. but intuitively its a rubbish deal for Everton.

On the face of it this appears a panic sale based on those terms.. no bothered how the Echo have tried to spin it.
28m euro in two years, if he meets certain criteria.. If he meets those criteria what do you think he could be worth then?

Ok because I got started let me say why I thinks it rubbish:
1. The sale cannot be recorded until the terms are met. So the only income we get is the loan fee.
2. As the sale cannot be recorded we will still have to amortise the contract.
3. the loan (3m annual) is not enough to cover the amortisation - please tell me my maths is wrong?
4. so annually we still losing money until the sales is confirmed.
5. We recoup the initial downpayment in a couple season, but what if he meets these criteria what could his value be now at the age of 22 or 23 vs what he is now having played for Juve for 2 years.

I've just watched this space waiting to see how the terms actually play out before judging it. So in 2024 we hope to bank a profit as his book value will be two years lower. To book that profit now would take a club to pay the full purchase price we paid when we bought him.

Maybe there are reasons for not being able to find a willing buyer for a 20 year old who played in the CL for PSG last season and has already represented his country... but the deal sucks for us.

Whose bothered, he didn’t want to be here, we will recoup money back on him and hopefully spend it on someone who wants to be at the club, it’s not like he actually achieved anything or showed any real promise whilst he was here, he had 1 good game that I can remember against Newcastle I think it was.