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Seri files criminal complaint for fraud against Nice over Fulham transfer

Started by copthornemike, September 09, 2019, 01:59:14 PM

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copthornemike

Despite not doing too bad moneywise Seri and his merry band of advisers want more. I suspect his current club might prefer that he concentrate on his on field performances. Does make you wonder if his 'concerns' contributed to his poor performances towards the end of his time at Fulham!

https://www.skysports.com/football/news/11800/11805509/jean-michael-seri-files-criminal-complaint-for-fraud-against-nice-over-fulham-move

Jean Michael Seri has filed a criminal complaint of fraud against Nice relating to his move to Fulham in July 2018. Seri, who is currently on loan at Galatasaray, joined the Craven Cottage club along with Maxime Le Marchand for a combined fee of around €25m.

The breakdown of that fee given at the time - according to Seri's lawyers was €12m for Seri and more than €12.6m for Le Marchand.

However, the midfielder claims the Ligue 1 club undervalued him in order to avoid paying him a "transfer premium" bonus and says he is owed at least €700,000, while insisting that some of his previous clubs would also be entitled to damages due to various sell-on clauses and a FIFA solidarity tax, which would take the figure to more than €1m.

His lawyers claim that, according to a report by the International Centre for Sports Studies (CIES) Football Observatory, if Fulham paid nearly €25m for the two players then €18.7m would "correspond to the transfer value of Mr Seri" with the other €6m to Le Marchand's.

A statement from his lawyers said: "According to the information available to Mr Seri, setting up a 'double transfer' to Fulham FC OGC Nice was thus able to grossly underestimate the amount of transfer due by Fulham FC with regard to Mr Seri and - correlatively - grossly overestimate the transfer amount relating to Mr Le Marchand.

"In the end, Fulham would have paid an amount of €12m for Mr Seri... and more than €12.6m for Mr Le Marchand. For those who know the transfer market, it is obvious that these numbers are quite strange.

"To illustrate the value that these two players represent in the eyes of Fulham FC, it is sufficient to point out that the salary granted to Mr Seri is approximately three times higher than that granted to Mr Le Marchand."

Nice have previously denied this claim and Sky Sports News have contacted Fulham for a response. The French club are now owned by Ineos, the energy group run by British billionaire Jim Ratcliffe, who completed a takeover late last month.

Seri's statement added: "Mr Seri hopes that Ineos, which did not own OGC Nice at the time of the events, will be keen to shed complete light on this matter very quickly."

Finnans Right Peg

Can we sue him for fraud .has we thought we were getting a footballer

Bill2



Woolly Mammoth

Its not the man in the fight, it's the fight in the man.  🐘

Never forget your Roots.

Holders

Non sumus statione ferriviaria

Logicalman

Quote from: Holders on September 09, 2019, 03:18:09 PM
He has a point but it's no reflection on Fulham.

I agree, though I can see Fulham getting pulled into this on two points:

1. If what Seri claims concerning the agreed wages is true, then Fulham might be asked to explain if their evaluation for wages is a direct link to their valuation of the players worth.

2. When purchasing assets, is it not stated the value paid for each asset as compared to a pair of non-equal assets, e.g. 1 of each rather than 2 of one sort, when conducting these types of transactions?
Logical is just in the name - don't expect it has anything to do with my thought process, because I AM the man who sold the world.


Statto

Quote from: Logicalman on September 09, 2019, 05:44:15 PM
When purchasing assets, is it not stated the value paid for each asset as compared to a pair of non-equal assets, e.g. 1 of each rather than 2 of one sort, when conducting these types of transactions?

Indeed. Surely we had to assign each player an individual fee/valuation on our side. For a start, they'd need to be given an individual book value for accounting purposes - and remember the accounts are theoretically scrutinised by both the EFL (for FFP) and HMRC. Presumably Seri and MLM are insured, and surely we'd insure each of them for what they cost. Our directors also have a statutory obligation to act in the best interests of the club at all times, which can mean getting independent valuations of the things we buy or otherwise being able to justify the price paid for them. Etc etc.

The question is, have Nice just pulled a fast one in their own documentation, or were we complicit?

Twig

I agree that we would have to assign each player an individual value, if only to amortise their costs and then track their depreciation.  I also think he has a point; £12.6 mil for MLM beggars belief. 

That said he proved to be nowhere near what we were led to believe he was capable of so what do I know.

Southcoastffc

FWIW, as set out in that report Seri's lawyers have presented accurate information.
The world is made up of electrons, protons, neurons, possibly muons and, definitely, morons.


toshes mate

If, whilst attempting to negotiate a realistic fee for the transfer of MLM, FFC were offered him at, say, €12.6m and FFC had tried to lower that valuation still further without success, let us say the negotiation was at an impasse.   The two sides break for their own informal discussions and Nice come back and offer Seri and MLM for a combined fee of €25m. Both Nice and FFC shake hands on such a deal.  Nice would enter the figures in their books in relation to where the negotiation stood for both players at the time of said agreement and FFC would make their own valuation judgements for their books.   

Is it possible Nice were in financial hot water at the time of FFC's approach for MLM?  If they were, then a combined deal offloading two players for a considerable sum may have seemed more desirable to them than losing FFC's interest in MLM and not doing any business at all.  The alternative view that could be taken is that the combined deal was pre-planned or pre-meditated move arising from prior enquiries after Seri (which Seri's agent may have known about) and that might introduce an element of potential malpractice.


BigbadBillyMcKinley

Everything is difficult before it's easy!

Sgt Fulham



Southcoastffc

Quote from: Sgt Fulham on September 10, 2019, 10:10:16 PM
Does this make MLM another of our £10m+ flop?
In a way yes but we went after Seri and MLM was the makeweight in the deal.
The world is made up of electrons, protons, neurons, possibly muons and, definitely, morons.

Penfold

Quote from: Southcoastffc on September 11, 2019, 05:57:37 PM
Quote from: Sgt Fulham on September 10, 2019, 10:10:16 PM
Does this make MLM another of our £10m+ flop?
In a way yes but we went after Seri and MLM was the makeweight in the deal.

Or the heavyweight if those fees are correct 🤔