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Free Transfer (association Football)
In professional association football, a free transfer, also known as a Bosman transfer, involves a professional association football club releasing a player when the player's contract has expired or made available just before the end of the contract. The player can then go on to sign for any club offering a contract to them. How it works The club acquiring the player does not have to pay any compensation for their release due to having nothing left to pay on their contract, hence, the term free transfer. Some individual leagues have restrictions to protect academies. For example, in the UK, players under 24 who are out of contract are only available on a free transfer if released by the club holding the players' licence. Another type of free transfer is when a player is transferred from one club to another for no price, sometimes a transfer for a nominal fee is credited as a free transfer. With six months or less remaining on an existing contract for players aged 23 or olde ...
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Association Football
Association football, more commonly known as football or soccer, is a team sport played between two teams of 11 players who primarily use their feet to propel the ball around a rectangular field called a pitch. The objective of the game is to score more goals than the opposition by moving the ball beyond the goal line into a rectangular framed goal defended by the opposing side. Traditionally, the game has been played over two 45 minute halves, for a total match time of 90 minutes. With an estimated 250 million players active in over 200 countries, it is considered the world's most popular sport. The game of association football is played in accordance with the Laws of the Game, a set of rules that has been in effect since 1863 with the International Football Association Board (IFAB) maintaining them since 1886. The game is played with a football that is in circumference. The two teams compete to get the ball into the other team's goal (between the posts and under t ...
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Transfer (association Football)
In professional football, a transfer is the action taken whenever a player under contract moves between clubs. It refers to the transferring of a player's registration from one association football club to another. In general, the players can only be transferred during a transfer window and according to the rules set by a governing body (fulfilling the requirements of FIFA, continental and national bodies regulating the purchasing and selling clubs). A negotiated transfer fee is agreed financial compensation paid from an interested club, to the club that possesses the player's exclusive contracted playing rights. When a player moves from one club to another, their old contract is terminated whilst the player and their new destination club will both negotiate on new contract terms (or have earlier mutually agreed on the personal terms). As such, the transfer fee functions as financial compensation (paid to the club which possesses the existing playing rights) for the early mutually ...
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Bosman Ruling
''Union Royale Belge des Sociétés de Football Association ASBL v Jean-Marc Bosman'' (1995) C-415/93 (known as the Bosman ruling) is a 1995 European Court of Justice decision concerning freedom of movement for workers, freedom of association, and direct effect of article 39 (now article 45 of the Treaty on the Functioning of the European Union) of the TEC. The case was an important decision on the free movement of labour and had a profound effect on the transfers of footballers—and by extension players of other professional sports—within the European Union (EU). The decision banned restrictions on foreign EU players within national leagues and allowed players in the EU to move to another club at the end of a contract without a transfer fee being paid. The ruling was made in a consolidation of three separate legal cases, all involving Belgian player Jean-Marc Bosman: * ''Belgian Football Association v Jean-Marc Bosman'' * '' R.F.C. de Liège v Jean-Marc Bosman and others ...
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Contract
A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed law jurisdictions solely require a meeting of the mind ...
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Remuneration
Remuneration is the pay or other financial compensation provided in exchange for an employee's ''services performed'' (not to be confused with giving (away), or donating, or the act of providing to). A number of complementary benefits in addition to pay are increasingly popular remuneration mechanisms. Remuneration is one component of reward management. In the UK it can also refer to the automatic division of profits attributable to members in a Limited Liability Partnership (LLP). Types Remuneration can include: * Commission *Employee benefits *Employee stock ownership *Executive compensation ** Deferred compensation *Salary **Performance-linked incentives *Wage * Mandatory compensation payable by an employer to an employee for the benefit obtained from a patent for an invention made by an employee United States For wage withholding purposes under U.S. income tax law, the term "wage" means remuneration (with certain exceptions) for services performed by an employee for an empl ...
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Nominal Fee
A nominal fee refers to a sale of a good or service for far less than it is actually worth, when it cannot be given away for free. Typically, such a sale will be for the smallest full denomination of a currency (for example, one dollar). Nominal fees are necessary when contracts are signed, since in order for a contract to be valid, some form of payment must be involved. Examples In 2006, the Quebec North Shore and Labrador Railway sold a 135 mile long rail line to Tshiuetin Rail Transportation for $1. Tshiuetin was formed by several First Nations communities to continue railroad service on the line, which formerly was used for transporting minerals. See also * Peppercorn (legal) In legal parlance, a peppercorn is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the creation of a legal contract. It is featured in '' Chappell & Co Ltd v Nestle Co Ltd'' ( 960AC 87 ... Similar concept, specific to United Kingdom law ...
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Transfer Fee
Transfer may refer to: Arts and media * ''Transfer'' (2010 film), a German science-fiction movie directed by Damir Lukacevic and starring Zana Marjanović * ''Transfer'' (1966 film), a short film * ''Transfer'' (journal), in management studies * "The Transfer" (''Smash''), a television episode *''The Transfer'', a novel by Silvano Ceccherini Finance * Transfer payment, a redistribution of income and wealth by means of the government making a payment * Balance transfer, transfer of the balance (either of money or credit) in an account to another account * Money transfer (other) ** Wire transfer, an international expedited bank-to-bank funds transfer Science and technology Learning and psychology * Transfer (propaganda), a method of psychological manipulation * Knowledge transfer, within organizations * Language transfer, in which native-language grammar and pronunciation influence the learning and use of a second language * Transfer of learning, in education Mathemati ...
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Sol Campbell
Sulzeer Jeremiah Campbell (born 18 September 1974) is an English professional football manager and former player who was most recently the manager of club Southend United. He previously managed Macclesfield Town from November 2018 to August 2019. A centre-back, he spent 20 years playing in the Premier League and had an 11-year international career with the England national team. Born in East London to Jamaican parents, Campbell began his career with Tottenham Hotspur in December 1992. He spent nine years at Spurs, scoring 10 goals in 255 appearances, and captaining the team to victory in the 1999 Football League Cup Final against Leicester City. In 2001, he joined Tottenham's North London rivals Arsenal on a free transfer, and as a result has remained a deeply unpopular figure amongst Spurs supporters. In his five years and 195 appearances at Arsenal, he won two Premier League winners medals and two FA Cup winners medals, encompassing the 2001–02 league and FA Cup double, ...
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Tottenham Hotspur F
Tottenham () is a town in North London, England, within the London Borough of Haringey. It is located in the ceremonial county of Greater London. Tottenham is centred north-northeast of Charing Cross, bordering Edmonton to the north, Walthamstow, across the River Lea, to the east, and Stamford Hill to the south, with Wood Green and Harringay to the west. The area rapidly expanded in the late-19th century, becoming a working-class suburb of London following the advent of the railway and mass development of housing for the lower-middle and working classes. It is the location of Tottenham Hotspur Football Club, founded in 1882. The parish of Tottenham was granted urban district status in 1894 and municipal borough status in 1934. Following the Second World War, the area saw large-scale development of council housing, including tower blocks. Until 1965 Tottenham was in the historic county of Middlesex. In 1965, the borough of Tottenham merged with the municipal boroughs of Hor ...
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Arsenal F
An arsenal is a place where weapon, arms and ammunition are made, maintenance, repair, and operations, maintained and repaired, stored, or issued, in any combination, whether Private property, privately or state-owned, publicly owned. Arsenal and armoury (British English) or armory (American English) are mostly regarded as synonyms, although subtle differences in usage exist. A sub-armory is a place of temporary storage or carrying of weapons and ammunition, such as any temporary post or patrol vehicle that is only operational in certain times of the day. Etymology The term in English entered the language in the 16th century as a loanword from french: arsenal, itself deriving from the it, arsenale, which in turn is thought to be a corruption of ar, دار الصناعة, , meaning "manufacturing shop". Types A lower-class arsenal, which can furnish the materiel and equipment of a small army, may contain a laboratory, gun and carriage factories, small-arms ammunition, sm ...
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Free Agent
In professional sports, a free agent is a player who is eligible to sign with other clubs or franchises; i.e., not under contract to any specific team. The term is also used in reference to a player who is under contract at present but who is allowed to solicit offers from other teams. In some circumstances, the free agent's options are limited by league rules. Types Terms Unrestricted free agent Unrestricted free agents are players without a team. They have either been released from their club, had the term of their contract expire without a renewal, or were not chosen in a league's draft of amateur players. These people, generally speaking, are free to entertain offers from all other teams in the player's most recent league and elsewhere and to decide with whom to sign a contract. Players who have been bought out of league standard contracts may have restrictions within that league, such as not being able to sign with the buy-out club for a period of time in the NHL, b ...
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Free Agent (football)
In professional sports, a free agent is a player who is eligible to sign with other clubs or franchises; i.e., not under contract to any specific team. The term is also used in reference to a player who is under contract at present but who is allowed to solicit offers from other teams. In some circumstances, the free agent's options are limited by league rules. Types Terms Unrestricted free agent Unrestricted free agents are players without a team. They have either been released from their club, had the term of their contract expire without a renewal, or were not chosen in a league's draft of amateur players. These people, generally speaking, are free to entertain offers from all other teams in the player's most recent league and elsewhere and to decide with whom to sign a contract. Players who have been bought out of league standard contracts may have restrictions within that league, such as not being able to sign with the buy-out club for a period of time in the NHL, b ...
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