Week 5 ... 01/08/11 - 07/08/11 Transfers
Transfers...
This week we finally agreed a fee for the young French defender Kurt Zouma. The 16 year old centreback from As Saint Etienne, was seemed to be priced out of a possible move to Manchester United, when his club valued the 16 year old at £7million. My staff were determined that i have to sign this kid and he could only be a success here at Utd. Unfortunately I set of for the 'Tour of India' this week, so Sir Alex Ferguson & David Gill will be stepping in and taking charge of this for me but will run everything by me first as i am cautious about how much they want for him. Sir Alex has told me that when Manchester United go in for a player the price will sky rocket, thats just how it is. So i do not want to spend so much so i have asked Sir Alex and David to please keep me informed. The process started by them, they accecpted an inquiry from me and said they would require a structured deal worth £5.8m, this would breakdown to £5.75 + 25% of the profits from the next sale of Kurt Zouma. This was just to much .. and only by a little bit, Kurt Zouma is 16 years old and has a long time left in the game i am not prepared to give and percentage of profits because this could mean a big sum of the money could be lost for Utd. So while i was still there i decide to renegotiate, ok i offered more money but it was over time and would be affordable with ease. I offered just £2.7million + £1.5million(20 League Games) + £2million (20 International Games). This did take the offer to an excess of £6.2million, but i felt it was a deal adequate enough for a 16 year old.Unfortunately i had to leave for the tour now so the deal will be left in Sir Alex 's and David Gill's hand. Meanwhile while on the plane i had an idea which may just persuade them to sell. But i cant do anything now till i get off the plane and settled at the hotel.It had taken a couple of days for AS saint-Etienne to get back to use, i was sent a copy of the emails that they sent back to Old Trafford, plus Sir Alex added that he will not reply until i request him too. The email read that they had returned the with a counter offer which is quite ridiculous. The want £5.75million upfront + 35% of the profits from the next sale, £1.6million after 20 league games and £2.1million after just 1 international game. This wasn't acceptable to me, a deal in excess of £9.4million. This was clearly them making it clear that my deal was unacceptable. So the message i sent to Sir Alex was about the size of the club, obviously i didn't need to explain this but what is meant, the money that would and could be produced if United went to them and played a friendly that could be the thing that could settle this deal. I send a message back to send the off of £5.5million, this much because the way the responded to our first re-negotiation, i feel that this would be the minimum they would possibly accept, they would not accept if it was just this offer, but with the offer of a friendly thrown in there, this would be a deal they possibly cant refuse. Quickly after this i was presented with a message that AS Saint-Etienne had accepted the bid. This is great news for the club, the prospect of this young defender is of the highest of expectations. But we haven't signed him yet, that will be left up to Sir Alex, as i cant be there to oversee the process there is no one better to have!The message i receive is that Sir Alex had offered Kurt a:
'Hot Prospects' Contract
£7,500 p/week - Wage
July 2014 - Contract Expiry
£2,900 p/week - Appearance Fee
£110,000 - Loyalty Bonus
£93,000 - Agent Fee
25% a year pay rise
£25,000 - Wage after 25 League games
I am generally happy with the deal that Sir Alex has produced, he claimed that Kurt was happy with the offer and this was the first draft of the contract. Kurt accepted the deal that was put infront of him and his agent was satisfied with the deal. My only query would be to Sir Alex is that if he accepted the offer straight away, why didn't he try a lower offer to start with? why does a 16 year old need to be on £7.5k a week? and WHY does his wage shoot up to £25k a week when he reaches 25 league games i understand that if he was to play that many games he would be probably breaking into the first team, but that really didn't need to be their! Sir Alex did mention that this was the one requirement his agent requested was to be there.Kurt signed his contract and was taken to Bridewater Hospital for his medical, I told Sir Alex before i left that if we sign him, to take him straight for his medical. With him being 16, we wanted to get this done as soon as possible to produce the least amount of stress as we could for the lad. Fortunately, he was happy with his contract and went for his medical straight away so he signed very quickly after signing his contract. Manchester United are pleased to announce the signing of 16 year old French centre-back Kurt Zouma. Zouma singed from french club AS Saint-Etienne. The young french defender joined Manchester United for a fee of around £5.5million, with Manchester United agreeing to play a friendly with AS Saint-Etienne within the next 12 months. Reports are that Kurt signed a deal worth around £1.2 million. This is great deal for the 16 year old whose contract could rise to £3.25million depending on appearances for the youngster.There will be a press conference in the next few days to officially unveil 16 year old French defender Kurt Zouma...
..Kurt Zouma..Welcome to Manchester United