Cole Palmer - Deal Agreed with Chelsea

[aaron bond]

I saw the ridiculous Delaney attack ( presumably on us) for selling academy players. We offer young players with talent and application a superb football education. Inevitably the vast majority won’t make it to the City first team but if they get a good career they benefit. The idea that we shouldn’t benefit too for our investment in them is crackers.

If you’re still at City when you’re aged 20/21, even if you don’t make it with us you are still going to have a good career at some level.

Even if it’s not Premier League, you’ll still be at a professional club, earning good money and living the dream of playing football as a job.

We are the best team in the world so it is extremely difficult to break into our side. Cole Palmer hasn’t shown he’s good enough for us but he’s going to have a good career and we are the ones who gave that to him.

[johnny crossan]

I saw the ridiculous Delaney attack ( presumably on us) for selling academy players. We offer young players with talent and application a superb football education. Inevitably the vast majority won’t make it to the City first team but if they get a good career they benefit. The idea that we shouldn’t benefit too for our investment in them is crackers.

[Wooders]

Can’t help but think he will only go and do the same role there but everything else like coaching, training facilities etc will be inferior

[Dubciteh]

Confirmed he has left. Real pity but wish him the best.

[blues2win]

Seven year contract with the option of an extra year! We would never have offered him that.

[PeterParker]

I don't think he will make it, to be honest.

[BlueinBosnia]

Seven year contract with the option of an extra year! We would never have offered him that.

I wonder what kind of wage he's on. If it's something like £40K, or incremental based on appearances/longevity, then it's not bad business by them, I'd have thought. Also, I'm not sure of the new FFP rules, but I think they can only amortize transfer fees over the first 5 years. So that's £9m per season, but they can top-load it to this season, as they haven't qualified for European football.

[john@staustell]

Seven year contract with the option of an extra year! We would never have offered him that.

I wonder what kind of wage he's on. If it's something like £40K, or incremental based on appearances/longevity, then it's not bad business by them, I'd have thought. Also, I'm not sure of the new FFP rules, but I think they can only amortize transfer fees over the first 5 years. So that's £9m per season, but they can top-load it to this season, as they haven't qualified for European football.

That's all the fuss about Chelsea's spending, amortizing over 8 years isn't it? Loophole being closed shortly

This transfer is one of the daftest purchases I've ever heard of, including Steve Daley!

[BlueinBosnia]

Seven year contract with the option of an extra year! We would never have offered him that.

I wonder what kind of wage he's on. If it's something like £40K, or incremental based on appearances/longevity, then it's not bad business by them, I'd have thought. Also, I'm not sure of the new FFP rules, but I think they can only amortize transfer fees over the first 5 years. So that's £9m per season, but they can top-load it to this season, as they haven't qualified for European football.

That's all the fuss about Chelsea's spending, amortizing over 8 years isn't it? Loophole being closed shortly

This transfer is one of the daftest purchases I've ever heard of, including Steve Daley!

The loophole's already closed. Maximum 5 years of amortization for any deal completed after 1 July. So if they'd have signed him at the start of the transfer window (which opened 14 June), it would have been 6.4 million per season for 7 seasons, but because they signed him now, it's 9 million per season over 5 seasons.

[johnny crossan]

Seven year contract with the option of an extra year! We would never have offered him that.

I wonder what kind of wage he's on. If it's something like £40K, or incremental based on appearances/longevity, then it's not bad business by them, I'd have thought. Also, I'm not sure of the new FFP rules, but I think they can only amortize transfer fees over the first 5 years. So that's £9m per season, but they can top-load it to this season, as they haven't qualified for European football.

That's all the fuss about Chelsea's spending, amortizing over 8 years isn't it? Loophole being closed shortly

This transfer is one of the daftest purchases I've ever heard of, including Steve Daley!

The loophole's already closed. Maximum 5 years of amortization for any deal completed after 1 July. So if they'd have signed him at the start of the transfer window (which opened 14 June), it would have been 6.4 million per season for 7 seasons, but because they signed him now, it's 9 million per season over 5 seasons.

Accountancy tricks aside I think Cole & his family are all delighted with a 7 year contract at £100k + a week