I doubt it's true.
The impact of Brexit on the transfer market
- Thread starter Riz
- Start date
I doubt it's true.
That's funny.
It will work out for the whole country and Europe as well. It will be changes, but things will be stable again. No worries.
Might make clubs go the youth way in the long run as might be a lot harder to sign players, dont think it will tho, there will be work permits but wont be as harsh as the ones needed for south americans, basically if the players are coming in they would be guarenteed to have contracts so will be fine. the pound will go back up after the shock might not be as much as it was yesterday but wont be far away.
Don't laugh too loud, from the sound of it you'll be having a similar referendum very soon.No more Fosu-Mensah's for United. Players under 18 years old from the EU can't go to clubs outside the EU according to the FiFA rules.
Players will be more expensive because your coin isn't worth what it used to be.
So yes, it will have a major impact.
For me. Trips to England will be a lot cheaper
I don't think impact on football transfers will be much as far as work permit issue is concerned. The concerned parties will sort it out. The impact of currency is anyway short term issue.
Clubs have financial advisors and I'm sure they hedged and diversified their cash positions. Yes, the pound will be weaker and it will have a short term impact on the pound but it will calm down in a few weeks
Trips to England will be a lot cheaper
But you will need to get a visa before :-)
Sometimes transfers from South America are negotiated in dollars but that's it.
I'm going to the states next week and had been contending with a similar dilemma. Like yourself, I strongly considered buying during the surge this week, but gambled out of greed that Remain will win and the pound will strengthen even further.
Thankfully, I was very resourceful and found a way around it. I use ICE PLC to change money usually, and they have a thing called 'click and collect', where you can print a voucher everyday which allows you to collect at that rate in the branch. Fortunately, that rate is set at 10 am everyday, so I was up at the crack of dawn this morning and went to Waterloo station for 7am, demanding the rate that was set at 10am yesterday. I eventually got the manager to agree to honour the rate, but he said he'd only do £500 per person. In the end, I did my £500, then simply gave random strangers in Waterloo money to go and change for me, which was a big risk in hindsight handing over £500 cash to strangers.
Anyway, got there in the end and changed at 1.456 this morning, despite the rate being 1.34 at the time.
Bloody hell.. Moneycorp did a similar thing last year and I was going to do the same but forgot to go on it last night. I just go to hope it levels off to 1.40 for when I go in two weeks.
For everyone saying we are out of the EU, no we aren't not yet.
Until parliament enact article 50 we are still very much a part of the EU. David Cameron has said he will not enact article 50 whilst he is still PM.
Our government can decide they want us in and keep us in. The referendum was just to get a general consensus, it was not a legally binding thing they have to act upon.
Until article 50 is enacted we will remain an EU member but not only will this take until October to start but once it happens it's still 2 years of negotiations before its official a time frame which can be extended.
This isn't going to effect the club as soon as you are all thinking, it's going to be two years minimum, plenty of time to implement changes to the way we recuit our youth.
Until parliament enact article 50 we are still very much a part of the EU. David Cameron has said he will not enact article 50 whilst he is still PM.
Our government can decide they want us in and keep us in. The referendum was just to get a general consensus, it was not a legally binding thing they have to act upon.
Until article 50 is enacted we will remain an EU member but not only will this take until October to start but once it happens it's still 2 years of negotiations before its official a time frame which can be extended.
This isn't going to effect the club as soon as you are all thinking, it's going to be two years minimum, plenty of time to implement changes to the way we recuit our youth.
It'll be interesting to see how poaching of European talents will be handled now
Probably with feeder clubs within the EU or the pied piper.
One thing not mentioned. All non English players in the club will be counted as Foreigners. depends on the Premier League if they change their rule, but in the Europa League and the Champions League non English will be classed as foreign and The time of Schmeichel, Cantona and Hughes sitting in the stand because of to many foreigners in side might come back. That would happen when UK is not officially a member of EU, unless they become part of EFTA like Norway, Iceland and Switzerland, or make a special agreement with EU.
I think the Premier League will lobby hard for a deal allowing EU players.
Well to start with the exit will not happen for a couple of years, so everything will operate under the old rules still right? The issues of currency exchange will be there. As will the question of how non-UK players view moving to England.
I would expect that the powers that be just might allow for some special exemptions to enable PL teams to still sign non-UK players.
I would expect that the powers that be just might allow for some special exemptions to enable PL teams to still sign non-UK players.
Reading elsewhere on this forum and a few places in the media that the fall of the pound vs the USD is a bit misleading, it actually has only fallen slightly from where it was a week ago. It had risen sharply in the last few days before the referendum, which was probably just a temporary rise. So the effect of currency exchange on transfers might not be clear yet.
So do Norwegian players have to obtain work permits Because they aren't in the EU?
Norway are part of the European economic area (EEA) so as well as trade they have free movement of people. I sure there are some Norwegians on here that would be able to explain it better.
Thanks mate.
If England is still part of the EEA it would probably have very little effect.
Yep wouldn't really work for us because my guess is the reason why people voted to exit the EU was to stop the freedom of movement....it definitely wasn't for economic reasons.
Special dispensation if anything.
Stop guessing
my opinion is that the reason people voted to exit the EU was to stop the freedom of movement....it definitely wasn't for economic reasons.
Fixed.
What is maddening is them not realising that stopping freedom of movement also stops their own freedom of movement.
We can tempt the little kids from Bruges with chocolate.
To stay in the open market, Norway agreed to keep it's border's open to all EU nationalities so Norweigans can come and go freely just as Germans can. It is highly doubtful that the UK will agree to keep it's borders open as closing them was one of the biggest "sells" to the out brigade.
People saying it doesn't matter as it'll take two years to be final - it' 2 years people! Two years isn't very long.
The fluctuation in currency will have a big impact on us buying players in Euros short term and in the long term, bringing in young European talent will also be a problem - think Fabregas, Bellerin etc.
People saying it doesn't matter as it'll take two years to be final - it' 2 years people! Two years isn't very long.
The fluctuation in currency will have a big impact on us buying players in Euros short term and in the long term, bringing in young European talent will also be a problem - think Fabregas, Bellerin etc.
Time frame that can be extended if all 17 member countries vote yes. Hard to see why Slovakia would bother voting yes. Wouldn't count on this at all. Two year count down really. But as you say, nothing changes for minimum 2 years or longer until article 50 is enacted
Well i suspect the rest of the EU are going to pretty bitter about our choice to leave and until those two years are up we still have to abide by EU rules and contunue to give money over to them etc
I'm just hoping they don't vote to extend the process and try to milk the UK of funds before we leave in a last act of bitter revenge, I guess time will tell.
Other than the pound going into freefall - nothing is going to change until 2 years after someone sends the letter to the EU to say the UK is leaving, they might forget to send it
We and other clubs in England will miss out on talented youngsters for sure. Players like Kante and Payet would not be able to get work permits either.
Haven't they already backtracked on a bunch of the campaigns promises?
The rest of the EU want the UK to leave now as soon as possible. Milking
You must be one of those who take Farage seriously?
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I think it definitely does mean the loopholes that allowed us to sign Pogba, Januzaj, Fosu-Mensah, etc and Arsenal to sign Fabregas, Bellerin, etc will now be closed.
Nah, what you've probably read is that if a club knows it is committed to payments in a foreign currency in the future, it will enter into a currency forward contract, effectively buying the currency upfront at the rate at the time of the deal, therefore protecting against future fluctuations.
International companies may also often hold cash reserves in foreign currencies around the world where they do business and there is nothing stopping a UK club buying from a Euro club in dollars if the seller has use of dollars, its just part of the negotiation.
I am wrong. Looked at the rules (link) and we can have 25 players on the list, 4 club trained, 4 locally trained and 17 (maximum) other. Plus the b list. Good that it has changed for all.
Payet, Kante and Martial wouldn't existed in EPL