Keith Wyness ‘surprised’ by what Bournemouth agreed to in finalising Antoine Semenyo deal
Bournemouth could be set to benefit from the structure of the deal which saw Antoine Semenyo sold to Man City.
That is according to ex-Everton, Aston Villa, and Aberdeen chief executive Keith Wyness, speaking exclusively to Football Insider, who has explained why the deal will financially benefit Bournemouth in the long-term.
Semenyo joined Man City from Bournemouth in a £65million deal, after his release clause in his contract was activated by Pep Guardiola’s side.
The 26-year-old has grabbed two goals and an assist in his first three games for Man City, after scoring ten times for the Cherries in the first half of the campaign.
Bournemouth set for ‘future benefit’ on Antoine Semenyo deal
Everton’s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – thinks Bournemouth have received a “bigger fee than they would have expected” for Semenyo.
Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness thinks the deal made sense for both clubs.
He told Football Insider‘s Inside Track podcast: “Now, in terms of the deal, yes, it was a bit of a surprise to see that Bournemouth would agree to 24 equal installments over two years of the fee.
“But when you look at it, they also got a 10% sell-on. So basically what that means for a company like Bournemouth, a club like Bournemouth, it means that they could actually go and borrow against the money, because anybody will lend against the money that’s coming in on the 24-month set payment schedule.
“So they could actually bring that forward if they wanted to, but why would they need to? And they’d probably let them do that, and it’s a benefit for Man City in terms of cash flow, certainly, but in the end, I think Bournemouth have got probably a bigger fee than they would have expected and a 10% sell-on.
“So it’s really a case of, do you want to take all your money right now? And then, you know, or do you want to take something with a future benefit going forward? Bournemouth have prompted for the second. I think it makes sense for all parties concerned, and they’ve got the price they wanted with some bonuses and also a 10% sell-on.”
Man City decision backfires
Man City’s decision to allow Semenyo to stay at Bournemouth for games against Arsenal and Tottenham may have backfired on Guardiola.
Semenyo netted a late winner against Spurs in his final match at Bournemouth, whilst Man City are winless in four Premier League games.
The forward will hope to make an impact at the Etihad as Man City look to close the seven-point gap to leaders Arsenal in the remaining 16 games of the season.