

Say Goodbye To The Salary Cap
By: chris | January 31st, 2008
As of this moment, there will be no more salary cap for Roma if they want to continue to operate as a competitive club. There was an utterly astonishing ruling today regarding a case involving former Hearts midfielder Andy Webster which says that any player under 28 years old can buy out their contract after 3 years for the remaining salary they are owed, while anyone over 28 can do it after 2 years of their current contract. FIFA can decide to multiply the value owed by a factor of 1.5, but no more. Just as we have a Bosman transfer, we now have a Webster transfer.
I don’t know how else to say it, this cannot be overemphasized: the world of football has been completely turned on its head. This changes absolutely everything when it comes to contracts and transfer fees. Feel free to imagine minuscule transfer fees and many, many short term contracts. Some feel we will never see a contract longer than three years again:
Those close to Hearts have been stunned by the outcome, with one leading sports lawyer remarking yesterday that he feared no player would receive a contract longer than three years. “All we have now is more negotiation, more money to agents and more money going out of the game,” he added.
As far as Roma goes, look for contract talks with Matteo and Amantino to escalate immediately. Mancini’s extension will probably be vaulted to the forefront, and he’s going to get a helluva lot more money than he expected. From what I understand, it starts when the newest contract goes into play. So if a player has an extension, it starts when that extension starts. I.e. Mancini signs tomorrow after his contract is up in 2009 when he’ll be 28 (or 29). He can therefore opt out in 2011.
Transfer fees are going to go through the floor. The “transfer budget” is no longer relevant. The big matter is the wage budget. And depending on when Roma got word of this, I wouldn’t be surprised if it completely impacted the happenings of the mercato later into the evening.
I also suspect “lifelong” players are about to become much fewer and farther between. I still have no worries regarding The Holy Trinity of Francesco Totti, Daniele De Rossi and Alberto Aquilani. The rest of the squad? We’ll have to see. Everything points to players loving to play in Rome and playing for Roma. So this may even turn out to be a good thing for the club and many other clubs which could be considered “romantic”. Whereas Rosella & Co. wouldn’t spend that money for transfers, they may reinvest it completely into the wage budget and become a European giant off the field as well (we hope). And had we seen this 12 months ago, I suspect we may be watching Crystal Chivu in red & yellow this season as well.
We shall see, but this is massive. Absolutely massive. There will surely be a big reaction over the next few days. And I can’t imagine many are going to like it.
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Comments
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rosella actually looks pretty cute in that picture.
anyway, this turns calcio accounting on its head. it really is a crazy decision. and while the agents will be the ones to benefit most from the ruling, it may not be all that bad for italian calcio.
just think, no more inflated transfer fees for crap players as a means of balancing a club’s books. the unholy trinity of juve, milan and intermermerda might actually be forced to truly balance their books now.
this is going to have a huge impact in italian calcio.
Posted from
United States

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they just make it so easy…..
http://www.channel4.com/sport/football_italia/feb1c.html
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United States

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How is Italpetroli in debt since all oil companies are making fortunes these days??? It’s just crap!
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Morratti’s oil business is doing dirty things to put Sensi’s out of business. haha.. dirty cheat! I’m kidding about that.. No clue, but if Sensi needs to pay the debt back they would either take a major portion of Roma’s profits (meaning less money for salaries/transfers) or sell the club. I personally would prefer the second if they find a good investor who cares for the club. The club is worth 250 million euros so I doubt many people can afford it. Maybe the fans should pitch in and buy it off the Sensi family like the clubs in Spain are.
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United States

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Mind you, Roma had a meeting not so long ago with the Bank of Roma who are also one of the major shareholders in the club (the Sensi’s have the majority of shares). Remember, the meeting was about paying off loans etc and as this was met as scheduled the Bank decided that they would not take over Roma. I dont think this would have been the case if the Sensi’s financial situation was in such mess that their share in Roma had to be sold. Banks dont operate this way, I worked for one.
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A few facts:
The situation at Italpetroli has actually improved in recent years (reflecting to a certain extent the run-up in oil prices). The 370 million debt was twice that in 2004, when Italpetroli and what was then Banca di Roma last agreed on a restructuring program that also saw Banca di Roma take a 49% stake in Italpetroli plus an option to take an additional 2% if the restructuring didn’t succeed.
The reduction in the debt sounds like progress, but the core of the potential problem is that in the interim Banca di Roma became part of Capitalia, which was then bought by Unicredit (the largest bank in Italy, fourth largest bank in Germany and a major player in much of Central Europe). Unicredit (being much bigger, much more international and much less Roman) is significantly less favorably disposed to the Sensis than Banca di Roma was, and are now threatening to exercise the option unless a new plan is agreed. And as the Gazzetta article makes clear, Roma is the most marketable asset the Sensis have if they are going to have to put a lot of new funds into Italpetroli to keep Unicredit from taking control.
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Gabs is absolutely right. Banco di Roma would have no parts of Roma debt if it were so bad. The total debt amount is either inflated, or as Chris alluded, misrepresented (i.e. diversified over multiple companies.) Furthermore, as we’ve all stated, the Sensi family has shown their ability to tighten ship and balance debt in the past. There is NO WAY Roma could operate the way they have, if they in such financial disarray.
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Banks are not in favour in repossession.
I thought they have already come to an agreement, ursus a.Posted from
United States

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Lazio can’t afford more than 2 fax machines? Seriously?
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Good news: Everyone but Curci trained today. Our squad is almost complete.
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Juan will be back next week.
Grande Roma.
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Not sure I totally understand. But if it leaves us with more money to spend on salaries and less on transfer fees it sounds like that’s a plus in keeping players in yellow and red.
Sounds like the downside is that it will be tough to build a team by putting the pieces together over a few seasons. This how mid-sized and smaller clubs have to build winning teams. As such, it gives advantage to the bigger teams, who can invest more in a short-term project, say on a season-to-season basis, and thus remain perpetually on top.
…again, not sure if i get it so let me know if this is way off base…Posted from
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Gabriella, the “agreement” you may have heard of was probably Geronzi (the former chairman of Capitalia) having said that he wasn’t going to exercise the option. The point of the Gazzetta story is that Profumo (the UniCredit chairman) doesn’t consider UniCredit to be bound by that, and has given Italpetroli three months to come up with a new plan.
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Italy

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this ruling is going to make the salaries bigger than ever, and that is bad news for footy!
no signings eh? hmmmm maybe it is time to sell the club sensi, unles you are planing to surprise us all during the summer
Posted from
El Salvador

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the agreement I speak of happened a week or 1.5 weeks ago
well we’ll see what happens
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United States

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It would break my heart if anything negative happens to Roma. The club is so very important to me, I couldn’t see it going into the wrong hands.
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Im with UL.
C’e Solo Roma Sempre.
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Thats why I’m in favor that those two brothers, Toti, will buy Roma. Also a plus they are both Roman and support Roma if I’m not mistaken.
Thing is tho Roma can be more profitable if they do the marketing better. Look at teams as Inter, Barca, Man Utd, Madrid how much they make market wise. If you look at the players Roma have they can have campaigns around Totti, Mancini, Mexes.. Maybe ads with the 3 Roman boys, one with the Brazilians etc. Add a Roma Channel to Youtube like Milan has with vids of new players, history matches, classic moments all that. Redesign the whole Roma site with an english language. I could go on and on and on.
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Netherlands

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Anyone check out Romanews?
Ferrari and Roma. Grey Smoke?
WTF does that mean.
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United States

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It’s like with the Vatican when they choice a new pope. Grey smoke is that there is an agreement.
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White smoke means that there’s an agreement, black means no agreement, gray smoke means there’s confusion.
It basically happens when they can’t get the ingredients right to announce the pope - so I’m guessing this means there are mixed signals.
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What’s up with Rosella looking pretty hot in that picture? Weird…..
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Well it seems they are closer. From Romanews.eu.
Whatever. They should of finished it up months ago..
Typical.
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In case anybody was wondering why Mancini seems to have been reborn…well, it’s not necessarily just the contract.
-It’s an actress: http://www.gazzetta.it/Calcio/SerieA/Squadre/Roma/Primo_Piano/2008/01_Gennaio/31/manciniarcuri.shtml
Francesco Coco’s ex, but personally I wouldn’t care if she were Adrian Mutu’s ex-girlfriend’s transvestite half-brother; strap her up to a chair and don’t let her go till the season’s over. She’s too important for us.
What’s that picture of Rosella Sensi everybody’s talking about? They’re all of Franco.
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She also dated Francesco, Cassano and someone else from Roma I believe. I’m starting to think this chick is good luck.
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United States

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