Can one of you European soccer followers explain how the selling of players works ?
When a team sells a player is that money generally used as a pot to buy more players or does the owner sometimes just keep it. Like if Suarez goes to Spain for close to 100M pounds, will Liverpool spend all that on players ? Do they generally do it immediately or sometimes keep it to spend over several years ? Does the player have to go if he's sold or is it a mutual thing ?
Thanks for any explanation.
The proper stages of a transfer should be:
1. Buying club makes offer of a transfer fee to the player's current club.
2. Current club accepts the offer
3. The player and his agent then enter negotiations with the buying club over a contract
4. The player accepts the offer.
5. Medical examination takes place to confirm player is fully fit
6. Contracts exchanged between clubs and player
7. Registration sent off to the relevant Football Association
That's how it normally works, sometimes the medical takes place earlier if the player has a history of injuries and then a contract with certain clauses and assurances based on that may be offered. Sometimes the player may not want to go (very very rare, can't actually remember it happening recently) however more often the player may want to go but the club does not accept the bid.
Sometimes you have a release clause in contracts where if a certain amount is met, then the buying club can bypass any negotiation with the parent club altogether. Some leagues automatically have release clauses, Spain is the most famous and has one of the most famous cases where this happened - read up on Luis Figo's move from Barcelona to Real Madrid. Imagine if the Patriots could have signed Darelle Revis away from the Jets without the Jets being able to do a thing about - that's basically what happened with Figo.
As for the fee, in the old days it would all go to the club who could do what they want with it (and they still can), nowadays though you'll see agents and even players getting a cut of the fee. Most teams will reinvest it in their playing squad, some will use it pay debts etc. Which is very very common.