There is no such thing as best practice when it comes to running a football club. Nor do the business schools at places like Wharton or Harvard offer courses in such matters.
Players are, at once, employees, capital, machinery and product.
They are almost entirely responsible for a club's performance on the pitch and largely drive performance off it. In this respect, little has changed over the past 100 years: attracting and retaining talent remains paramount to a club's success. And yet there is no generally accepted procedure on how this is best achieved. A century of footballing know-how has yielded very little in that regard.
"You can say that there is a continental model, with a director of football figure who makes the buying and selling decision and a British model, where the responsibility rests with the manager," says Seb Ewen, an agent with the SEM Group.
"But, in fact, every club operates differently, because the dynamic is different."
The idea behind the continental model, which is widespread just about everywhere in Europe except Britain, is to free up the manager to work with the players on the training pitch.
The manager takes a much more active role in training, tactics, player selection and scouting opponents.
"When I worked in England, I left all the transfer and contract activity to others," says Gianluca Vialli, the former Chelsea and Watford manager.
"I would express an opinion of course, but most of my time was devoted to the squad, because that's what I was comfortable with. That's what I knew best."
In the continental model, the boss specialises in nothing other than managing. They are the guys picking the team and making the matchday decisions, so the more they can teach their players and the better they know them, the better off the team will be.
And, when you are doing that, there is not enough time to deal with transfers and contracts.
"When I was managing Nottingham Forest, I made it a point to take training every day," says David Platt, the former England midfielder.
"What I found is that it quickly became impossible if I wanted to be a British-style manager.
"I had meetings every day: with the chairman, with the commercial director, with the communications director, with the ground staff, with the head of the youth academy and so on.
"Then we had external commitments, with supporters' groups, with football-in-the-community and with the media. And then I had to meet with my scouts, talk to other clubs about players, talk to agents and know what was going elsewhere.
"Something had to give, even working 16 hour days you couldn't do everything. So I ended up leaving training to my assistants far more than I would have liked. It somehow became less of a priority than the other commitments, though I know it shouldn't be that way."
In a nutshell, that's why the continental model is so popular. In fact, the figure of director of football - sometimes known as general manager - exists in most sports clubs around the world.
There simply is too much for a single person to do. But, equally, it's a question of specialisation.
"Coaching your own players, working on their individual technique, assessing their strengths and weaknesses and forming a cohesive unit is one skill set. Evaluating other people's players from afar is an entirely different matter," says Franco Baldini.
Baldini is a part of Fabio Capello's England staff. Prior to that however, he has been involved in football as a player, scout, agent and sporting director, both at Real Madrid and Roma.
"Most managers are inwardly focused, their attention is entirely taken up by their own team and their own players.
"They don't often see opposing players and, when they do, it's usually against their own team, which means that's where their attention is. What's more, they generally see the opposing players from pitchside. And you can't really see anything from there."
Baldini's point is that, to accurately judge a player, you have to watch him repeatedly. And you have to do it in person.
There's another factor which comes into play. Football is globalised to the point that, to succeed, clubs have to be comfortable calling upon talent from every corner of the globe.
Which means whoever does the buying and selling for a club needs to have a clear handle on leagues across the world. And that is impossible for a British-style manager to do.
"That's why, if you want to be a training ground manager, you have to be good at delegating and placing your trust in others," says Ewen.
"You have to have a chief scout who you trust and who's on your same wavelength, coupled with a good scouting network. Most pick their players from the guys who are pre-selected by their scouts. Or, in many cases, agents."
Of course, relying on agents to bring you players is fraught with peril. Not least because they will try to push footballers in whom they have an interest. "It can be tricky sometimes," says a high-profile agent who asked not be identified, but has worked between England and the continent for more than 15 years.
"Some clubs only want to deal with two or three agents.
"I'll give you an example of a player who moved to the Premier League: first the player had two agents, one of whom had known him since he was a boy, the other was a senior guy who began looking after him when he made it big.
"These agents wanted him to move to England, so they hired a British agent to help find them a club. That club had also instructed an agent, a guy they trusted and who they always worked with, to act as the buying agent.
"The selling club, sensing that their player wanted to move, had instructed a local agent to act as the selling agent.
"This guy, knowing there would be interest in England, teamed up with an English agent, me, to do the deal. So when we actually hammered out the contract, there were six agents involved."
Six agents means six commissions, which sounds like the acme of inefficiency. In many ways, it is both inefficient and expensive to do business this way. Would things have been different with a director of football in place?
"Maybe a bit," says the agent.
"The club felt they needed a buying agent because they simply weren't equipped to deal with foreign agents or clubs. The manager scouted the player, but, beyond that, he did not know how to approach the player or the club. A director of football who is comfortable on the international scene could have moved more efficiently, going to the club direct."
An over-reliance on agents in the transfer process can bring a lack of transparency.
This is especially true in the British model, where a number of managers have agents themselves, a situation which one Premier League director of football describes as "a walking, talking conflict of interest that nobody talks about".
But that is what happens at the top. Before a potential transfer reaches a director of football or manager, there are dozens of people involved further down the food chain. And it is here that scouts rule supreme.
"If you're an agent who wants to place a player, unless it's an absolute superstar, you're going to have to go through the scouts and, ultimately, the chief scout," says Ewen.
"And this is where the personal relationship between the scout and manager becomes almost as important as that between manager and director of football in the continental model."
Scouts are inundated with offers of players at every level. Their job is to pre-select and rank them.
They too can be influenced by agents, of course, but ultimately they are the guys who will watch a player half a dozen times and advocate his case.
"When you scout, you try to get as complete a picture of a player as you can," says Tor Kristian Karlsen, director of football at Fredrikstad, in the Norwegian top division, who has previously scouted for Bayer Leverkusen (where he sourced Lucio and Dimitar Berbatov), Parma and Watford.
"If you think the player may have a future you put him forward."
This process takes place even in those situations where agents go direct to the manager or director of football. Ideally, the player would then be scouted more. In practice, it does not always happen.
When Sven Goran Eriksson took over at Manchester City in the summer of 2007 he signed half a dozen players having not seen them play.
He was lambasted for this in the English press: in fact he relied on contacts and reports from people he trusted.
Many of his signings did work out. Still, you cannot help but notice just how unscientific a process this is. Opinions, rather than facts, rule the roost.
That is why the one thing everyone agrees on is that there can be only one person with the final say.
In some cases it is the manager, in others the director of football, in others it is the chairman.
Conventional wisdom in England has it that the manager must have the final say since he is the one who will be working with the player.
On the face of it, it makes sense. But proponents of the continental model raise two objections.
The first is specialisation. The second is that directors of football can take a longer view since they are not judged by results on the pitch
Ultimately it is about personality and credibility. A strong-willed, successful boss like Capello tended to get his way even at a club like Real Madrid. A novice manager, particularly when leading a club in a precarious financial state, will necessarily have to defer.
And perhaps that is why there are no courses in football transfers. It is not a science, but an art. And a rather rudimentary one at that.
gmarcotti@thenational.ae
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
Results
- Brock Lesnar retained the WWE Universal title against Roman Reigns
- Braun Strowman and Nicolas won the Raw Tag Team titles against Sheamus and Cesaro
- AJ Styles retained the WWE World Heavyweight title against Shinsuke Nakamura
- Nia Jax won the Raw Women’s title against Alexa Bliss
- Daniel Bryan and Shane McMahon beat Kevin Owens and Sami Zayn
- The Undertaker beat John Cena
- The Bludgeon Brothers won the SmackDown Tag Team titles against the Usos and New Day
- Ronda Rousey and Kurt Angle beat Triple H and Stephanie McMahon
- Jinder Mahal won the United States title against Randy Orton, Rusev and Bobby Roode
- Charlotte retained the SmackDown Women’s title against Asuka
- Seth Rollins won the Intercontinental title against The Miz and Finn Balor
- Naomi won the first WrestleMania Women’s Battle Royal
- Cedric Alexander won the vacant Cruiserweight title against Mustafa Ali
- Matt Hardy won the Andre the Giant Battle Royal
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
Wenger's Arsenal reign in numbers
1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.
Packages which the US Secret Service said contained possible explosive devices were sent to:
- Former first lady Hillary Clinton
- Former US president Barack Obama
- Philanthropist and businessman George Soros
- Former CIA director John Brennan at CNN's New York bureau
- Former Attorney General Eric Holder (delivered to former DNC chair Debbie Wasserman Schultz)
- California Congresswoman Maxine Waters (two devices)
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
Everybody%20Loves%20Touda
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nabil%20Ayouch%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nisrin%20Erradi%2C%20Joud%20Chamihy%2C%20Jalila%20Talemsi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Pakistanis%20at%20the%20ILT20%20
%3Cp%3EThe%20new%20UAE%20league%20has%20been%20boosted%20this%20season%20by%20the%20arrival%20of%20five%20Pakistanis%2C%20who%20were%20not%20released%20to%20play%20last%20year.%20%0D%3Cbr%3E%0D%0D%0D%3Cbr%3E%3Cstrong%3EShaheen%20Afridi%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3ESet%20for%20at%20least%20four%20matches%2C%20having%20arrived%20from%20New%20Zealand%20where%20he%20captained%20Pakistan%20in%20a%20series%20loss.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EShadab%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3E%0DThe%20leg-spin%20bowling%20allrounder%20missed%20the%20tour%20of%20New%20Zealand%20after%20injuring%20an%20ankle%20when%20stepping%20on%20a%20ball.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAzam%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EPowerhouse%20wicketkeeper%20played%20three%20games%20for%20Pakistan%20on%20tour%20in%20New%20Zealand.%20He%20was%20the%20first%20Pakistani%20recruited%20to%20the%20ILT20.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMohammed%20Amir%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EHas%20made%20himself%20unavailable%20for%20national%20duty%2C%20meaning%20he%20will%20be%20available%20for%20the%20entire%20ILT20%20campaign.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EImad%20Wasim%20(Abu%20Dhabi%20Knight%20Riders)%20%3C%2Fstrong%3E%0D%3Cbr%3EThe%20left-handed%20allrounder%2C%2035%2C%20retired%20from%20international%20cricket%20in%20November%20and%20was%20subsequently%20recruited%20by%20the%20Knight%20Riders.%26nbsp%3B%3C%2Fp%3E%0A
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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Six pitfalls to avoid when trading company stocks
Following fashion
Investing is cyclical, buying last year's winners often means holding this year's losers.
Losing your balance
You end up with too much exposure to an individual company or sector that has taken your fancy.
Being over active
If you chop and change your portfolio too often, dealing charges will eat up your gains.
Running your losers
Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.
Selling in a panic
If you sell up when the market drops, you have locked yourself out of the recovery.
Timing the market
Even the best investor in the world cannot consistently call market movements.
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
ENGLAND TEAM
England (15-1)
George Furbank; Jonny May, Manu Tuilagi, Owen Farrell (capt), Elliot Daly; George Ford, Ben Youngs; Tom Curry, Sam Underhill, Courtney Lawes; Charlie Ewels, Maro Itoje; Kyle Sinckler, Jamie George, Joe Marler
Replacements: Luke Cowan-Dickie, Ellis Genge, Will Stuart, George Kruis, Lewis Ludlam, Willi Heinz, Ollie Devoto, Jonathan Joseph
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
FA CUP FINAL
Manchester City 6
(D Silva 26', Sterling 38', 81', 87', De Bruyne 61', Jesus 68')
Watford 0
Man of the match: Bernardo Silva (Manchester City)