26 Jun 2019 21:44:17
Hey Ed's

Remembering one of you telling the rest of us all transfers are done in euros that is the currency of football .
My question is do clubs sometimes wait on the exchange rate to change before exchanging money as in today's market I assume it could be the diffence of thousands .

{Ed002's Note - No.}

1.) 26 Jun 2019
26 Jun 2019 21:51:26
Cheers
It could be a future penny pinching technique. Heard it here 1st.

2.) 27 Jun 2019
27 Jun 2019 00:56:30
well if they wait they can either make few thousands or they may loose few thousands depending which way the exchange rate goes . Saying that I don't think many transfer fees are paid in one go, its a bit like a mortgage part of one or multiple credit agreements.

3.) 27 Jun 2019
27 Jun 2019 03:14:14
Most businesses look to hedge against rate fluctuations rather than speculate based on expected changes. The only exceptions would be banks that do this as a living.

4.) 27 Jun 2019
27 Jun 2019 06:06:50
Ed02 do clubs keep a certain amount in Euros in a bank account (say) as a hedge or do they not bother due to the effect on cash flow for example?

{Ed002's Note - It varies.}

5.) 27 Jun 2019
27 Jun 2019 20:01:52
They will hedge against currency movements separately to the timing of a transfer. General business for big multi currency organisations.