The
football transfer window is only a few days away from closing. While the famous
Jim White yellow tie may have been retired by Sky Sports, there’s
still a huge amount of buzz in the media about
players on the move.
Fans
get in on the act on social media too – “just spotted prem star at the
airport”, my mate saw so-and-so arriving for a medical. True or not, it can all
add to the sense of drama around the window.
Who
is signing for whom? Is it a loan deal or permanent? Will the player receive
international clearance in time? It’s a fast-paced world, certainly for clubs
in England where a record £815m was spent in the 2023 January transfer window.
While
Scotland may be operating on a smaller scale, there are always deals happening
here to keep fans captivated.
That
said, what happens when the deal is complete? Should everyone take a step back
and give a collective high-five?
The answer is no. This is just the start of the
process as a club does everything it can to
ensure it gets the most out of its new signing. It's a
significant investment so it's crucial to help make the move as successful as
possible.
This is why we
have built a specialist sports law practice which provides a complete support
package for footballers putting pen to paper on transfer deals.
The
single-source service encompasses not only contract support but also agent, legal,
financial and property advice to help the player settle into their new squad – often in a different
part of the country … or world.
We represent professionals
in a number of sports, but at this time of year there’s a specific focus on
football as clubs refresh their player pools and many
move on to new opportunities. Our latest success was the transfer of Rangers
youngster Jamie Newton to Nottingham Forest. Aberdein Considine supported Jamie, a left-back, and his family, with
career advice, review of the English Premiership team’s training complex,
contract and bonus schemes
and financial and investment advice.
We’ve seen over the years how counsel on all issues associated
with a move can help professionals – to their benefit, and to the benefit of
their new employer.
Aberdein
Considine has seen an increase in demand for its sports law services, not just
in football but also in rugby and athletics. Our sports law practice
includes our consultant Darren Walker, an independent qualified FIFA-accredited
football agent, and one of only a handful
operating within the regulatory structure of a full-service law firm.
The
offering also features former Aberdeen captain Russell Anderson - a senior
wealth management advisor in our financial services team at AC Wealth. He has
been through the path the youngsters are treading and is on hand to offer the
right guidance and support. The combination of agency and legal services is unique in Scotland
and provides comprehensive support to youngsters aiming to make it in a highly
competitive environment.
It’s a rounded
service; one which has focussed on the younger player securing that first step
up in contract terms or landing a much bigger deal with a new club. The
latter is likely to involve a significant change in circumstances and therefore
additional legal and financial advice, from contracts to drafting a will.
In
our experience, footballers just want to play football and not have external
distractions compromise their performance on the pitch. There’s a need to take
care of those complexities on their behalf and let them flourish. In addition, players – a young one in
particular – will want to be given the right advice and that may not
necessarily mean accepting the highest salary on offer.
The prevailing
perception of agents in the world of football often paints them as primarily
focused on quick financial gains or securing the highest bids by playing clubs
off each other. However, we are committed to altering this viewpoint by
adopting a more thoughtful and long-term strategy that prioritises the player's
interests and career development.
The coming week will likely see numerous players switch clubs before the transfer window
closes in Scotland at midnight on February 1. In England it closes an hour
earlier, at 11pm. As well as their own internal processes, clubs should look to
source the best external support to help their new arrival.
Prudent
legal, financial, wealth and property planning by professional footballers will allow them to
concentrate on doing what they do best: play football.
Edinburgh-based Robert
Holland is a Partner and Head of Employment Law at Aberdein Considine. He is an
expert in sports law having represented numerous professionals in a range of
sports, including football, rugby and athletics. In the past, Robert
captained Edinburgh City and also played for The Spartans.