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Martinez mitigated Henen risk with deadline-day deal

by | 13/09/2014  Comments (39)  jump
The full details of the curious deadline-day arrangement that saw David Henen transferred from Anderlecht to Olympiakos only to end up staying at Everton on loan are explained by Greg O'Keeffe in the Liverpool Echo.

Henen seemed destined to join the Blues on a permanent basis from the Belgian giants over the summer but spent almost two months training at Finch Farm without a deal ever being concluded.

Ultimately, it took the impending closure of the transfer window at the beginning of the month to force the issue after Roberto Martinez decided he needed more time to assess the 18-year-old before he was willing to shell out any money.

According to O'Keeffe's reporting, the terms of the arrangement struck on 1st September mean that Henen was officially sold to Olympiakos for 300,000 but Everton have the option to purchase him for 500,000 next summer if he impresses during what amounts to a year-long trial.

If the player, whose ego appeared to have been inflated beyond his accomplishments when he was loaned to Monaco in Ligue 1 last season, does not make the grade at Finch Farm, he will link up with the Greek club on a permanent basis.  

Reader Comments (39)

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Craig Fletcher
1 Posted 13/09/2014 at 06:11:32
Well, makes sense. Presumably we have first option to buy him for the half million next season if RM decides heÂ’s good enough.
Ernie Baywood
2 Posted 13/09/2014 at 06:20:43
Actually seems like a good deal. Others reporting that the fee would be €400k (seemingly the Echo used pounds instead of Euros).
Brent Stephens
3 Posted 13/09/2014 at 06:24:50
My suspicion is still that there might have been disagreement over the fee and that Bill played it cute by getting the guy (loan, then purchase option) via Olympiakos. We wouldnÂ’t want to say that to Anderlecht in case we wanted to deal with them again in future, hence Roberto saying it was all about wanting more time to suss the guy out. How much time did we need?!
Matt Traynor
4 Posted 13/09/2014 at 06:19:26
ThereÂ’s more than a hint of bullshit with this. Why would we need more than 2 months to assess if a player was good enough? Especially if the transfer was only 𧷤k?

Except it wasnÂ’t. Anderlecht tried to screw us over. They believe the Premier League is the honey pot for transfers (borne out by the EPL accounting for more in transfer fees this summer than Germany, Spain and France combined). Except this is Everton, and weÂ’re not flush.

So he was sold to Olympiakos (his agent has good links there, and did the Mirallas deal) and we will sign him in the summer for half a million Euros (not pounds, Greg - although they may be the same figure if Scotland gets the Yes vote and devalues the pound further).

Not even OFM wouldÂ’ve taken 2 months to assess a yoof player for a 𧷤k punt.

Jimmy-Ã…ge Sørheim
5 Posted 13/09/2014 at 06:51:47
Henen looked very average on the youtube clip from Anderlecht.

I fully support checking him out on loan first, anything else would be waste of money.

I have a fear about our scouts not being good enough.

Losing our former head scout to Moyes was a huge blow which looks to have impacted the quality of incoming players.

I know that Martinez is trying to fill in the gap himself, but I think we need to hire top notch scouts if we are to compete at the top.

Mark Tanton
7 Posted 13/09/2014 at 08:08:36
Funny how they never stop at France, Terry.
Jim Bennings
8 Posted 13/09/2014 at 08:13:36
Really weird business.

After all of these manic goings on regarding David Henen, he had better be pretty good – that’s all I can say..

Alan McGuffog
9 Posted 13/09/2014 at 08:18:28
So, after all that, if we go ahead and buy him for that price, Olympiakos will make 𧶀k over a year. Nice to think someone is in a worse financial state than us.
Robbie Muldoon
10 Posted 13/09/2014 at 08:41:10
Very shrewd by Martinez, handling the club's financial restrictions in innovative ways. I like it.
Peter Murray
11 Posted 13/09/2014 at 08:48:25
Jimmy (#5),

I agree that the scouting network is the crucial issue.

However, Roberto has achieved the best compromise in a complicated situation. And well done to him for sticking to his guns.

Ernie Baywood
12 Posted 13/09/2014 at 08:59:32
What suspicion, Brent? ThatÂ’s what is confirmed in the article.

They couldnÂ’t agree a fee. Martinez didnÂ’t want to pay over the odds so they took this route.

Geof Thompson
13 Posted 13/09/2014 at 08:52:11
For those who seem to have missed the main two points of this deal, let me explain further:-

1) He was involved in a third-party ownership deal which is against Premier League rules; that was what made the sale complicated in the first place; and

2) He is a bit of a "bigtime Charlie". So Bobby wants him to prove how much he is willing to give to the cause, to in essence show that he has the desire and effort to go with his "undoubted" ability.

Sounds like a very sensible deal which protects our interests and allows us to sign him cheaply if he proves himself worthy, and dump him if he isnÂ’t. Clever business all round.

Phil Walling
14 Posted 13/09/2014 at 09:05:58
Total bullshit. More reminiscent of Dithering Dave than Resolute Roberto. EFCÂ’s PR squad still churning out crap to the masses but believe it if you want.
Colin Glassar
15 Posted 13/09/2014 at 09:28:59
5, 8, 14, you should start a band. Les Miserables sounds good.
Wayne Smyth
16 Posted 13/09/2014 at 09:12:55
Jimmy, we have a head scout. HeÂ’s called Kevin Reeves. WeÂ’ve also bought some promising youngsters such as Brendon Galloway, Henen and Stephen Kinsella etc. Only time will tell if they will make the grade.

DonÂ’t forget, with Moyes, for every Coleman, there was a shite signing too. In view of this, I donÂ’t see why you should have any rational fear about anything, with Martinez in charge.

That said, IÂ’m only just about recovering from the dire quality of players like McCarthy, Barry, Lukaku, EtoÂ’o and Besic... and before anyone says anything, Besic will come good after his shocking debut. WeÂ’ve seen enough in pre-season to see the lad has real quality.

Back on track, now the dust has settled on the Henen deal and itÂ’s clear what Martinez and the club have done, I think some people need to be eating some humble pie. BK and Martinez were given a lot of shit on here by some saying that we couldnÂ’t even afford ٟM, or were so incompetent we couldnÂ’t complete a signing in 2 months.

Well, IÂ’m glad BK and Martinez are in charge of the clubs cash, and not some of the ToffeeWeb posters, who clearly are happy for the club to get shafted in the transfer market, paying more than we need to for players who may not ever measure up.

Brent Stephens
17 Posted 13/09/2014 at 09:35:57
Ernie (#12), "They couldnÂ’t agree a fee. Martinez didnÂ’t want to pay over the odds so they took this route."

But, Ernie, the piece says "Roberto Martinez decided he needed more time to assess the 18-year-old before he was willing to shell out any money."

So RobertoÂ’s public statement (not necessarily the true picture) is not saying it was the FEE but TIME to assess the player before paying the fee. Not the same thing.

Wayne Smyth
18 Posted 13/09/2014 at 09:33:35
Phil (#14), you sound quite angry that the club is reported to have got a good deal. Why would this be?

A loan, followed by a cheap purchase if we want him to stay, sounds eminently preferable to paying ٟ.5M up front for someone weÂ’d hardly seen and who may never make the grade.

Jamie Barlow
19 Posted 13/09/2014 at 10:28:23
Football manager games have a lot to answer for. This is real life, not computer money.

I just canÂ’t see anything wrong with this deal. ItÂ’s a win win deal isnÂ’t it?

Any idea what the lad did to be accused of going off the rails or is it just him thinking heÂ’s Billy big bollocks?

Ajay Gopal
20 Posted 13/09/2014 at 10:33:34
Another reason for this round-about deal that I read somewhere is that there were 3rd parties involved, and Everton didnÂ’t want to deal with the 3rd party ownership issues, so they essentially got Henen Â’cleanÂ’ via the Olympiakos route.
Shane Corcoran
21 Posted 13/09/2014 at 10:36:26
Makes sense from an Everton point of view but itÂ’s a strange one for Olympiakos.
Matt Traynor
22 Posted 13/09/2014 at 11:10:43
Brent (#17), the Echo piece contains no direct quote from RM. He may have said it, but then why didn't the Echo quote him directly, instead of passing it off as "informed supposition" – which it seldom is.
David Greenwood
23 Posted 13/09/2014 at 11:15:09
Could some of the people who are decrying this deal please explain why?

We (can) get him for less than the original fee, less than the higher fee that Anderlecht tried to stiff us with and get rid of any third part ownership issues.

The same people decrying the club above would have been the same people slaughtering the club if we had signed him for ٟ.5M (or ١M) and then it later transpired that we could have got the deal we do have.

What's the better deal for the club?

Dan Brierley
24 Posted 13/09/2014 at 11:24:16
Shane, I agree with you. What is the benefit to Olympiakos in this? Why would they get involved? Essentially, if he turns out to be a good player they will lose him. If he doesn't make the grade, they are stuck with him. Something doesn't make sense.
Pat Waine
25 Posted 13/09/2014 at 11:40:22
This seems to me perfectly reasonable. Check out a player on loan and have an option to buy him cheaply if it works out.
Jon Withey
26 Posted 13/09/2014 at 11:39:40
Not quite sure why some are so desperate to throw away Everton money – we could quite easily end up with another Gueye using up wages for several years – and now we won't.
Matt Traynor
27 Posted 13/09/2014 at 11:36:12
Dan #24, it's called Parking. Usually it involves signing a player you hope to sell on quickly (at a profit), and is a way of exploiting a situation within the transfer market. Real Madrid used to do it with Bosman players – sign them, play them (or loan them) for a year, then look to sell.

In this case I believe we've already agreed the deal, Henen will sign for us at the end of the season, without having ever set foot in the Olympiakos offices or training ground. I wouldn't be surprised if we already paid the fee so Olympiakos aren't out of pocket for any period. I don't think it was to do with 3rd party ownership; I believe it was just about getting a better deal.

It's a lot less shady than a lot of what goes on in football. It's really akin to going to the shop when you were a kid for your lazy neighbour, and getting 20p for your trouble.

Wayne Smyth
28 Posted 13/09/2014 at 11:38:29
Depends what's gone on behind the scenes, Dan.

Maybe he'd be good enough for Olympiakos, but not us?

Maybe some cash has changed hands between Olympiakos and us?

Maybe Henen wasn't prepared to go to Olympiakos as a straight transfer, but would be prepared to if he can't make the grade with us.

Gavin Johnson
29 Posted 13/09/2014 at 12:16:41
A bit of a strange one... What happened to the ٟ.5m - 3m valuation??

I've got to say Its a shrewd bit of business and I can understand we've offset any risk with this deal if Anderlecht wanted to screw us over, on the assumption we'd blink first and overpay with the TV money burning a hole in our pockets.

I was pretty excited about this signing but you've got to wonder how good the kid is if Anderlecht sold him to Olympikiaos for 𧷤k. I can understand on the basis he's lost his way, believing his own hype but "𧷤k", It's peanuts!? His he a bit of Jose Baxter?! I've not seen any clips of him playing for Anderlecht but on the bits playing for the Belgium national team the Ronaldo comparisons seemed kinda apt. Unlike Baxter he seems blessed with a good physicality and he a seems pretty personable kid from the little I've seen in the media.

But well played Roberto. I'm excited about seeing how the likes of Henen, Galloway and Byrne will progress this season.

Michael Coville
30 Posted 13/09/2014 at 12:12:17
All this is a load of bullshit as far as I am concerned. Let's look at the reports I have read (not saying they are true):

1) Anderlecht wanted ١M from us.

2) A third party ownership was involved.

3) Henen's agent has a relationship with Olympiakos.

4) On deadline day, Henen and his agent got fed up with the impasse with Everton and ripped up his contract with Anderlecht and signed with Olympiakos.

5) Olympiakos have signed Henen for €300k (or pounds?) from Anderlecht and lent him to us and we will pay them 𧺬k (or euros) in a year's time if he is any good.

Now my questions are:

1) Why would Anderlecht sell him for €300k, if his contract was any good and they had kept him then even if he turned out to be average he would be worth say €5-10M in the future, just look at what average players are going for today.

2) If he did sign for Olympiakos for €300k and even if we pay €500k for him in a years time, what sort of return are Olympiakos, Henen's agent, and the reported third party going to get from this sort of deal? Very little cash to go around!

All this seems like a good deal for Everton but what about Anderlecht, Olympiakos, the agent and the reported third party?

The only scenario that makes any sense to me is that firstly the contract that Henen had with Anderlecht was easily broken and so Anderlecht took whatever they could get, that the third party/agent (and the third party might actually be the agent) paid Olympiakos either all or a percentage of the reported signing fee to sign the player (not legal in the UK but who knows what is allowed with third party deals in Europe). Olympiakos then would get some fee if we sign him or anyone else signs him for that matter. If we sign him after a year it appears we are getting him for €500k and everyone thinks we are getting a bargain.

However, you can bet your bottom dollar that the agent will be getting a fat commission from Everton which will be split between him and the third party or kept by him if he is both. Everton end up getting him for a lot less than the ١M we would have paid Anderlecht plus agent commission. So you might ask what if we don't sign him? Well someone else will and the agent/third party will get the pay-off one way or another.

The agent/third party must think that they have a winner otherwise why bother? Let's hope we also have a winner.

Jim Lloyd
31 Posted 13/09/2014 at 13:22:23
Seems to me that we have stood up to Anderlecht wantting to screw us for megabucks for an untried kid. I think it's a good bit of business that, if after a year we want him, we pay Olympiakos an agreed figure (rather less than what Anderlecht wanted to screw out of us) If we don't think he'll make it in the Prem, then Olympiakos take him back.
Aidan Wade
32 Posted 13/09/2014 at 13:49:39
At face value, it looks like we nutmegged Anderlecht with a cute deal that gives Everton the option on a player with good potential but not much current value at a fair price (e.g. a value close to Anderlecht's real valuation of him and not their "English Tourist" price).

Olympiakos win because they are either getting a decent player (if not quite good enough for EPL) for 300k OR they get 200k profit for the cost of a few faxes. Have to laugh at people here saying "why bother for 200k" but you'd pick up a pound coin at the bus stop and call it a win wouldn't you?

Hopefully Henen burns a flaming streak through the U21s and we've got a great deal and if he doesn't, then no harm done to the transfer kitty.

Shane Corcoran
33 Posted 13/09/2014 at 14:40:04
Matt #27, that makes sense.

Essentially, Olympiakos are taking a bet on him improving and making a profit.

I don't agree that we've already paid the fee. Wouldn't that defeat the purpose of the whole complicated deal?

Chris James
34 Posted 13/09/2014 at 14:36:49
Benefits for Everton (cleared, cheaper player) and Olympiakos (at least 𧶀K for nothing WHEN we officially buy him off them next year) are clear. Not sure why Anderlecht would do this deal though unless they wanted rid?
Dennis Ng
35 Posted 13/09/2014 at 17:35:59
Ya, I'm only confused about the $3m valuation not being mentioned anymore. Is he worth that much or did we call their bluff and got him for half a mill through Olympiakos? Otherwise, great deal if it works out.
Geoff Evans
36 Posted 13/09/2014 at 17:48:37
To take a gamble and spend the kind of money that some of our rivals spend on a weeks wages, seems a bit churlish don't you think.
Karl Masters
37 Posted 13/09/2014 at 19:34:31
You can't please some people. Anderlecht must be furious, but nothing they can do. Spurs effectively did it to is with Pienaar and Chelsea are making a whole new revenue stream out of effectively farming players line crops.

As an aside, Kenwright is dead shady isn't he? On this occasion it's for the good of the club but, when he comes to sell, it will be for the good of his personal bank account.

Dick Fearon
38 Posted 14/09/2014 at 23:38:04
How long is needed to judge a players value.
If a certain former manager was involved we would have had accusations of dithering flying thick and fast.
Phil Walling
39 Posted 14/09/2014 at 23:59:51
Karl, much as I detest the Kenwright regime, there is absolutely no evidence that he deals players for personal gain. Scurrilous accusation unless you can back it up.
Mark Andersson
40 Posted 15/09/2014 at 10:53:22
After listening to Martinez's post-match comments against WBA, I find it hard to take him seriously. Then again I know fuck all but I thought we were not as good as our manager spouted. The Henen thread seems like more bull, so have to agree with Phil.

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