Purchase options exercised, newcomers, transfers, Olympique de Marseille, under the encouragement of its president Pablo Longoria and Javier Ribalta, has multiplied transactions since the start of the summer transfer window. Ambitious and willing to show themselves at their best on the European scene, the Marseille leaders are therefore logically active on all fronts and reinforcements are pouring into the Canebière. Luis Suarez, Isaak Touré, Jonathan Clauss, Jordan Veretout, Alexis Sánchez, Issa Kaboré, Jelle Van Neck, Nuno Tavares, Rubén Blanco, Chancel Mbemba – not to mention Pau Lopez, Mattéo Guendouzi, Arkadiusz Milik or even Cengiz Ünder definitely from Marseille – OM’s face is taking shape in the version by Igor Tudor, Jorge Sampaoli’s successor.
OM is preparing a deal with Atalanta!
Already runner-up to PSG after two games in Ligue 1 (one win, one draw), OM does not seem satisfied. As proof, the Marseille directive is still prospecting in the market and would like to recruit at least one defender before the definitive closure of the market. With this in mind, Eric Bailly is being closely watched and Manchester United, as we recently revealed, would be open to a loan deal. But that is not all. On the attack front, OM also prepares a new blow. Forced to reduce, despite the departures of Luan Peres to Fenerbahce, Pol Lirola, on loan with OA to Elche and Konrad de La Fuente, on loan without OA to Olympiakos, the Olympic club could also dissociate itself from Cengiz Ünder. Yes, but now, while the Turkish press recently mentioned a probable interest from Galatasaray for the Marseille winger, now we are talking about a swap with… Atalanta Bergamo!
In fact, according to the latest information from Sky Sport Italy, taken up since the European press, Olympique de Marseille and Atalanta Bergamo are currently discussing a possible exchange between the Turkish striker, who has already known Italian football with the AS Roma shirt between 2017 and 2020 (88 TCC games , 17 goals and 12 assists), and Ruslan Malinovskyi, Ukrainian international attacking midfielder (49 caps, 7 goals), playing in Dea colors since July 2019 (129 TCC caps, 29 wins and 27 deals). An operation that seems, on paper, relatively fair since Ünder, under contract until June 2025, is estimated at 22 million euros per Transfermarkt while Malinovskyi, the best passer in Serie A in 2021 but free of any contract next summer, is valued at €28m.
An accounting dilemma for the Marseille management!
Sportingly, the Turkish international (42 caps, 13 goals) is coming off a relatively convincing season at OM. Author of 13 goals and 6 assists in 47 games in all competitions, the former Leicester player allowed the Marseille fans to appreciate all his liveliness and technique in the right wing. For his part, Ruslan Malinovskyi, with a more creative profile, can boast 10 goals and 7 assists in 41 games during the 2021-2022 financial year. According to Facebook reference, the Ukrainian is also part of the 5% of midfielders who attempt and make the most forward passes in the five major championships. Which definitely convinces Igor Tudor, a lover of fast transitions and direct play. However, if this operation was able to meet the expectations of the various parties, it still represents a real dilemma for OM.
Eager to conclude a dry exchange with the Italian formation, the Marseille management must, however, take into account the accounting dimension of such an agreement. By purely and simply exchanging the two players in question, the accounts of the two formations will be affected (salary and possible bonuses). If, in this case, OM, on the other hand, has nothing to give to the gypsies, the upper echelons of the Olympic athletes will not, however, be able to benefit from an accounting entry in the annual balance sheet. A real drawback when you know how important these contributions are to a club’s bottom line, all the more so at a time when OM owner Frank McCourt is worried about the turn of events. By setting up, on the other hand, an operation with inflated transfer compensation, a common maneuver in recent years, OM will be able to amortize this compensation according to the duration of the contract signed by Malinovskyi but will then have to pay 20% of the transfer. to the Roman complex.
Watch out for deviations…
In fact, during a transaction, for the buying club, the cost of the investment is amortized and spread over the duration of the contract, while for the selling club, the capital gains on the sale (the sale price minus the residual value of the player’s property) contract) is immediately recorded in the accounts. In other words, from an accounting standpoint, the buyer spreads the cost over several years while the seller records the profit immediately. To illustrate the accounting effects of a possible swap between Ruslan Malinovskyi, who bought €13.6m from KRC Genk in July 2019, and Cengiz Ünder, who bought €8.4m from AS Roma in July 2022, in form of two final transfers, here is an example with figures (the figures mentioned are for example only and have no real value). As part of this accounting example, Malinovskyi signs a 4-year contract with OM in exchange for €28 million (current market value) and Ünder commits to 4 seasons with Atalanta in exchange for a check of €22 million ( current market value).
For Atalanta, the cost this year of Cengiz Ünder could therefore be 5.5 million euros (22 million compensation / 4 years of contract) while the income obtained by Malinovskyi would be 24.6 million euros ( 28 million – 3.4 million net book value at the time). of the transfer).
For OM, the cost, this year, of Ruslan Malinovskyi would be 7 million euros (28 million in compensation / 4 years) and the income of 9.2 million (22 million in compensation – 8.4 million VNC at the time transfer – 4.4 for Rome).
As we explained in a previous article, the amortization of transfer compensation thus allows the cost of the investment made to be spread over the duration of the newly signed player’s contract. Caution in any case because at a time when various formations seek to correct their balance sheets through “fictitious capital gains”, the authorities are trying to react. In 2018, Chievo Verona was thus fined and removed from the points after a multitude of operations considered fictitious with Cesena, which had allowed it to balance its accounts and be able to enter the championship. As of November 2021, the Italian financial brigade was still investigating 11 Italian clubs and 59 of their managers, accused of inflating transfer compensation to increase their capital gains. In addition to the Pjanic-Arthur exchange, another 62 transactions would have been examined in this way.
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