Explained in plain English
What's a transfer fee?
A transfer fee is the money one football club pays another to acquire a player's contract. It's essentially buying out the player's remaining time with their current team. For example, Liverpool would pay Wolves £38m for Joao Gomes, allowing him to switch clubs before his contract with Wolves naturally ends.
Stories that explain this
Liverpool contacts Wolves for £38m midfielder Joao Gomes.Questions this opens up
Who sets the price? Where does the money go? What's a sell-on clause?This explainer came from a news story
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