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How transfers are priced

Amortisation, instalments, release clauses, sell-on shares and agent fees: the layers that sit on top of a headline transfer fee. Plain English.

A fee is not an expense on the day it is signed. It is capitalised, written down over the contract, and layered with instalments, add-ons, agent fees and sell-on shares.

  • Amortisation: the annual charge a fee becomes
  • Release clauses: what makes them enforceable
  • Instalments and add-ons: cash timing versus accounting
  • Sell-on shares: how a future fee is split
How transfers are priced

How transfer fee amortisation works

Why a transfer fee is spread across contract years, how book value falls and what a sale does to the accounts.

How transfers are priced

Release clauses and buy-out terms

What a release clause really is, how it interacts with negotiating power and why it is not a simple price tag.

How transfers are priced

Instalments: how cash flow differs from the fee

Upfront payments, staged instalments and add-ons — why the headline fee is not the cash that moves.

How transfers are priced

Agent fees and commission structures

Who pays an intermediary, how commissions are calculated and why agent costs sit outside the headline fee.

How transfers are priced

Sell-on clauses, loans and swap deals

Percentage sell-ons, loan fees, options to buy and player exchanges: structures that move value without a simple transfer.

Please read this first. This is general information about the structure of football finance rules. It is not investment or legal advice, it is not a valuation of any club, and it does not describe the position of any specific club. Rules change, differ between competitions and are applied case by case by the bodies that write them.