Moise Kean completes loan move back to Juventus

Here is press release from Juve link

Juventus, according to Ant, are paying us a loan fee of €7M (how much is that in GBP?), then in 2 years time, Juventus pay us, according to Ant, €28M, (again, how much is that in GBP) if they want him permanently.

Although according to the BBC, it’s an obligation to buy, meaning they are obliged to buy him, not an option for them. All-in-all, seems a good deal with a small profit on him.

Yes, it is a good deal. I was reading only BBC statement first which stated option to buy instead of obligation to buy.

Looks as if we just concentrated on getting him off the books with minimal profit.

Of course he could turn out to be the second coming. I think he’ll be the second Ballotelli.

Most importantly, I don’t have to care any more.

Get Rondon in now.

Probably involves us paying some of his wage for the next 2 years at which point he would enter the final year of his 5-year contract. Then he can negotiate his own contract with Juventus from that point onwards.

But, as far as he's concerned, he's still going to be getting his full wage.

Financially it must make sense; otherwise, we wouldn't do it as he has plenty of time left on his contract.

Shame it never worked out. There's obviously a very talented player there but one who does need to mature and he will probably do this more successfully playing for a bigger club, with better players in a country that he calls home.

I still think that it is commendable that we got this deal to bring him to Everton done. But again, shame it didn't work out.

Hopefully this will free up some space to bring someone in.

Goes down on the "failure" side of our recruitment spreadsheet, but at least we should (eventually) recoup our outlay.

We desperately need to get James off the books today and a couple of incoming at right back and centre forward or, despite the unexpected success of Gray so far, it's been a pig of a transfer window.

Player chemistry is key in any Team, and Moise in my opinion after his I:initial couple of starts didn’t want to be here.

Let’s move on and see what the hours left in this transfer window bring to Everton.

Football is a million miles away from its roots.

So if he doesn’t hit the conditions eg 15 goals per season or 25 appearances or play for the national team or whatever then we get the clown back with 1 year remaining on his contract

What????

A 2-year loan just adds to the absolute pathetic transfer dealings we are known for. This helps Juve move than helping ourselves. I wouldn't be surprised to learn we are paying for his wages and the agreed fee is negotiable if they want to lower it.

Pathetic negotiations.

However, we now need some better attacking options, wingers, strikers and attacking midfielders.

If we can loan a few players all the better.

Good point!

We can all remember how the Turks (Fenebache?) tried to renegotiate the terms for the Yobo loan to buy. We ended up not selling him for the agreed amount. I really wouldn't be surprised if the same happens here again.

If the deal is a good one then they should make the details transparent otherwise we're obviously going to be suspicious. Especially if no senior striker comes in as a replacement.

"How can we lose money on a young, improving, season of Champions League experienced player?"

He had a reasonable season at Juve then was binned by Italy after stinking the place out here after being a squad player at PSG. No-one wanted to part with a bean for him. "Improving?" – laughable.

Totally agree - Brands’ decisions are very questionable

Even his most ardent supports would confess that he’s hardly been an unmitigated success

Decent business today.

Another €3M in bonuses also included in the deal, but conditional on targets.

So yes a decent deal.

I’d understood the transfer deal was firm, but the bonuses are conditional. But I expect we’ll see it in a bit more detail tomorrow.

Perhaps

Juventus and Italian clubs do this for a few reasons. The first is a historical approach to amortisation and how they account for footballers as an asset on their balance sheet. A loan deal does not appear on the balance sheet as a declining asset and gives the appearance of a 'better' balance sheet. As Italian clubs are Società per azioni (often seen as S.p.A.), the equivalent to a PLC, they have an obligation to disclose their accounts and to make them look as tidy as possible.

The second is FFP. Loan deals ensure the fee is effectively spread out over a wider period.

The only important thing for most people to note here is that Everton will be receiving (£30m/€35m) by the time the deal is completed. This marks a good profit for our club as we paid €27.5m for him (his agent made €5m from this deal) and he did not reach his bonuses. We did not receive loan for his spell at PSG but they did take the entirety of his wages.

In the end, Everton paid a year of his wages and made €7.5m profit for having him on our books.

It didn't work out as planned and Kean, like many others before him, was unable to adapt to the pace and physicality of the Premier League. OK, so he scored around 16 goals for PSG but he was being serviced by great players in a weak league.

In the circumstances (Covid etc) I think the Kean outcome is a good deal; we paid £25m and this deal pays £6m in loan fees and a potential £24m transfer fee. Add in the loan fee from PSG and we've made a profit even after taking his wages into account.

Thrown into a high profile transfer at the age of 19, joining a club that then went through a period of turbulence to be polite. To flip the argument that some accuse others of favouritism to continental or international players with exotic names, if he'd be Mike O'Kean from Kirkby, we'd have had more patience with him. He's a kid and still developing. And he will do in my opinion.

Good article on the Athletic here:

Link

Great management by Duncan. Kill time? Straight out of the Sam Allardyce school of management. I won't say this often and will go and wash my mouth out with soap immediately, but good comments from Carragher.

This lad will be a top talent. The timing wasn't right for him and Everton, but I see this as an opportunity missed. Talking of quality Italian players and Everton, I see parallels with Materazzi. World Cup winner. Just wasn't the right timing for him or us.

He's back at the Old Lady, where he feels he belongs. But he's technically still an Everton player. Still time and opportunity for him to come back to the Grand Old Lady?