06 Feb 2017 22:20:03
Just reading on the BBC that according to the six months up to the end of December, Celtic increased revenue by 94.7%, which is great. But it also said that in Dembele, de Vries, Sinclair and Gamboa, we spent £9.5 million on player recruitment - I thought Dembele was £500K, de vries £400K, Gamboa £1 million and Sinclair £4.5 million.
Does anyone know where the rest went or is this just pure nonsense?

1.) 06 Feb 2017
06 Feb 2017 22:27:56
Andy 1969 : the gap will also include wages 💲💲💲.

2.) 07 Feb 2017
06 Feb 2017 23:44:10
Thanks cprs1 - so would that just be wages from the start of the season up to the end of the year? I've never known it to be taken into consideration before when they compare the amounts spent/ received.

3.) 07 Feb 2017
07 Feb 2017 08:26:25
My guess would be agent and singing fees etc (including Toure) , Ed often highlights these as adding much more to overall costs of transfers.

{Ed007's Note - What is paid by the buying club would typically include:

(a) Transfer fee - the big number.
(b) Any levy applied by the local FA – 5% for the EPL.
(c) Tax due on the transfer fee – typically this will be VAT (at varying rates across Europe) some or all of which should be reclaimable.
(d) Agent fees – this may be to one or more agents.
(e) Tax due on the agent fees – typically this is VAT at the local rate where the agent bills from – it is not reclaimable.
(f) Intermediary fees – this may be to one or more sponging leeches(what do you mean you have a super agent?) .
(g) Tax due on the Intermediary fees – typically this is VAT at the local rate where the Intermediary bills from – it is not reclaimable.
(h) Signing on fee to the player (possibly including non-reclaimable VAT if the player is VAT registered).
(i) Legal fees.
(j) VAT on legal fees which is reclaimable.
(k) Moving/relocation costs for the player.
(l) VAT on moving/relocation costs which is reclaimable.
(m) Paying up insurance costs to the selling club (sometimes waived).
(n) Variables and tax on variables which may or may not be reclaimable) – these would typically include legal fees, moving/relocation costs, etc..}

4.) 07 Feb 2017
07 Feb 2017 08:33:07
Was thinking the same, I presume that it's signing on fees. However it wouldn't surprise me if Sinclair was around the 6m mark including signing on fees, but I would have imagined Celtic would have disclosed such a large figure to the fans to show that we are willing to spend.

5.) 07 Feb 2017
07 Feb 2017 09:02:54
With us getting Moussa on a development fee he must have been able to command a nice signing fee.