Eurosport - Wed, 09 Jul 10:12:00 2008
Crystal Palace chairman Simon Jordan says he feels "mugged" after a tribunal decided Tottenham should pay an initial £700,000 for John Bostock.
The 16-year-old midfielder agreed a five-year contract with Spurs when his Palace deal expired last week but the clubs went to arbitration when they could not agree a fee.
Jordan wanted in the region of £5 million for the player, who was still 15 when he made his first-team debut in October.
But the Football League tribunal settled on a fee rising to £1.25 million.
Jordan said in the Times: "I feel mugged and brutalised, it is scandalous, and this sends a message to smaller clubs.
"Why bother to bring players through if tribunals cannot reflect the work that has gone in?"
He added in the Daily Mail: "You get players like Aaron Ramsey, who has gone for £5 million from Cardiff to Arsenal because that is the UK transfer market.
"The tribunal, in my view, are supposed to reflect the conditions of the transfer market place. And they came up with a figure of £700,000 for a player who has captained his country at under-17 level, who is perceived to be one of the best youngsters in the country and is being chased by Barcelona, Arsenal, Manchester United and Chelsea.
"We had a £900,000 offer from Chelsea when he was 14 which we turned down. It's beyond me and it makes me question why I bother with football.
"I have an academy who have produced a world-class footballer for someone else and got paid two-and-sixpence for it."
Comment 1 - 17 of 17
A lot of valid points on both sides, but its obvious from mick p's and seans comments that some fans of the premiership clubs couldn't care less for anything "below" them. This kind of antipathy for the smaller clubs will lead to an extremely dangerous situation for football. If clubs like Palace, who have a rich history of nuturing talent, (Ian Wright, Nigel Martyn, Gareth Southgate, Kenny Sansom etc.)go out of business, then the repercussions for the Premiership and british football will be dire. Put plainly you wouldn't have the resource to tap, and your club suffers. Whats the alternative? More foreign players? We've been down this road many times before, rubbish national team and loss of identity in british football. Whether you like Simon Jordans personality or not, he must applauded for having the bottle to stick his neck out and saying something.
lots of negative comments here about simon jordan, these comments must be from tottenham fans. i guess they might be the same tottenham fans that were so very happy when sol campbell moved to arsenal for nothing.
This guy is very talented obviously........But he is just a 16yr old kid who's never played top flight football and has yet to acheive anything. How many times have THE NEXT BIG THINGS turned out not to be so big after all.......Aaron Lennon, Giles Barnes, Theo Walcott, Jermaine Pennant...etc. So its no certainty this guy will be the big star Simon Jordan thinks he will be....though i do think in situations like this the selling club should get a sell on clause incase he does strike it big !!!!
If Bostock was out of contract at palace, them where's the problem. Palace have been compensated for what they did for the kid, bringing him through the ranks, so it seems to me the amount they got when he could have just walked away is fair. If anything, i blame Palace for letting him get away, if he is that good, they should have renewed his contract long before the spurs were interested.
AS LONG AS EVERYTHING WAS DEALT WITH CORRECTLY WHATS THE NOISE,CRYSTAL PALACE CHAIRMAN IS A GERMAN LOOKING PORNSTAR.
Get a haircut Simon
good luck to the lad, who wants to play for crappy palace it is a place for losers thats why jordon is there. to tight to get that silly hair cut
Thats the way the cookie crumbles Jordan
Get used to it blonde boy
Get ya haircut too
We are not unhappy we got a good potential star for a bargain
Long as we are ok we dont give a gnats chuff about your lot Jordan so stop bleating, if u not sure whether to bother with football - DONT get out the game
I have nearly fallen off my PC chair at the shock of the so called tribunal's initial valuation of John Bostock. Tottenham must be laughing at us right now, I also think the transfer market is spiralling out of control also. It's no wonder that some smaller clubs are going into administration when the big clubs steal our best players for peanuts.
typical jordan, he is lucky he got anything because the lad is out of contract. how much have the club spent on training the lad, nothing. also how loyal would jordan have been if the lad was not up to scratch. the man is a hypocrite.
Cry about it jordan..... be happy you got anything for him, look at the old days, when their contract was up they could just leave and the team would get zilch. Once again, this is a business, players for the most part are looking out for their own interests first and foremost, If Bostock wants to move to a better team, let him. No point of crying about it about how unfair it is, sounds like Jordan would be unfair in trying to keep a talent at a lesser club. I think he should use some of the money and get himself a haircut, Jordan looks like a clown.
stop whinging jordan if you kept palace in the PL and you saw a player at leyton orient you liked at that age you would do the same, as you said your a business man.
Although I do agree with Mr Jordan, how many times have we heard the phrase "the next David Beckham", "the next Theo Walcott". And how many times does that actually materialise? Not very often! I do agree that there should be a sell-on clause but surely that is between the two clubs and the tribunal is set up to compensate the academy that has trained the player? Mr Jordan was looking for £5m? Bostock is hardly a proven Premiership star! I'm a Spurs supporter and I don't want to see any more wasted money on "the next big thing".
In these circumstances surely the tribunal should add on a huge sell on clause! 50% of anything paid over what the tribunal has set for the transfer fee, in this case a maximum of £1.25 million, if in 4 years time Bostock had developed into a player which warranted him being transfered for £6 million, Tottenham and Crystal Palace would share £4.75 million. Each club benefiting to the tune of £2.375 million. If I was Jordan I would be fuming, the money and time he has spent on setting up the youth academy must be astronomical, these academies are put in place to find and nurture young talent so how can it be that Crystal Palace have firstly scouted Bostock continued to train and educate him just for Tottenham to monitor the situation from afar and when they perceive him to be ready to get him for a steal. Another big blow for the smaller clubs. Like Jordan has stated why should he bother with the academy, being a business man he understands that when something isnt profitable you scrap it, the tribunal had a chance to prove that academies are worthwhile and it would have given Jordan the chance to pump more money into his academy as well as buy a replacement if they had got the valuation correct.
I'm a Spurs supporter but I agree with Jordan that this system is unfair. In fact I think a lot more should be done to support youth development in the championship and below. With all the cash sloshing around in the Premiership too much money goes on agent fees and Wayne Rooney's crisps. A system should be set up to filter some of the Premiership T.V. cash down the divisions. If things like this keep happening lower teams won't bother with the youth ranks and this will hurt the Premirship in the long term. That said, I couldn't help but laugh at Simon Jordan's heartfelt speech.
Well it's a possible £1.25 million more than Palace would have received under the old system when a young player's contract ran out...they used to move for free.
I agree the fee isn't quite high enough sometimes - but I think most clubs would agree that to pay over a million pounds for a 16 year old, is still quite a gamble. Chelsea were loaded/have been for some time, but to pay nearly 1 million for someone who has yet to play a 1st team game at 14 is quite crazy, so to apply Chelsea's logic is a little over the top!
Also Mr Jordan...Aaron Ramsey has actually played far more games for Cardiff and also for the U21's - that would inflate his price somewhat. I know Bostock is only 16, but has only appeared 4 times.
Simon Jordan is absolutely right. You spend years coaching and bringing players through up to a certain standard then the big clubs simply clean up. Something has to be put in place to safeguard teams outside of the premiership otherwise more and more clubs will be forced into liquidisation. I am still bitter at the amount of money Millwall received from everton for Tim Cahill. We knew at the time of sale what a derisory amount of money was paid for Timmy and that has ultimately been proven.
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