Just in case anybody was still wondering whether Newcastle could get their midfield target Remy Cabella on Tyneside this month, the 70 year-old Montpellier President Louis Nicollin has talked to L’Equipe today, and said he will not do any business for the player in this financial year – which for football club ends on June 30th.
Remy Cabella - to move on July 1st
That’s why players’ contracts usually start from July 1st, and why if Remy Cabella is transferred to Newcastle it would now be officially on July 1st, in the next financial year, even though a deal could be agreed before that time – and could even be agreed in January.
This is what Nicollin has told L’Equipe today:
“There is nothing in fact and there will be nothing done. There is no question he leaves now.” ”I did not want to pay huge taxes this year, because the budget comes to an end on June 30.”
“I prefer it to be from July 1. Here, if there are good deals, it will enable us to have a financially good next season.”
Moving the transfer to July 1st moves it to the next financial year, and of course French clubs have had their taxes raised to very high levels g by the French president Francois Hollande, who at the moment is making news as he tries to end his nine-year relationship with first lady Valerie Trierweiler.
There’s nothing wrong with Nicollin wanting to do the deal on July 1st, when maybe some appeals against the high taxes French football clubs have to pay could be fruitful, but we are still hoping that Newcastle are in there trying to get the deal agreed for July 1st.
And with the news a day or two ago leaked out that the deal was even done, there is still a decent chance that Newcastle can in fact seal the deal in January and Cabella would sign on July 1st.
What do you think?
Note: There is a special MJK Sports event coming up like we’d like to publicize. On May 9th there will be an evening with Kevin Keegan at the Lancastrian suite in Gateshead. You can get the details about the event and buy your tickers here.
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