In short
The Football Boardroom: Inside The Guéhi Deal
Episode Overview In this special bonus episode of *The Football Boardroom*, hosts Christian Purslow and Henry Winter explore the implications of Marc Guéhi's transfer to Manchester City. They analyze the timing, cost, and potential impacts on Manchester City, Liverpool, and Crystal Palace, as well as the surrounding atmosphere in football management and politics.
Key Themes and Discussions
- The Guéhi Transfer
- Transfer Details: Marc Guéhi moved to Manchester City for £20 million.
- Timing: The deal was seen as well-timed following some defensive struggles for City, particularly after a recent game.
- Previous Negotiations: Liverpool initially had an opportunity to sign Guéhi but lost out when Crystal Palace’s manager, Oliver Glasner, intervened.
- Implications for Clubs
- Manchester City:
- Creative Approach: City disregarded conventional wisdom regarding a player with a year left on their contract, viewing Guéhi's market value at £60-70 million.
- Potential Financial Benefits: Winning trophies like the Premier League and Champions League could yield significant bonuses, making the transfer fee a justified risk.
- Financial Power: City’s revenue strength (over £700 million) allows them to spend aggressively while remaining compliant with financial regulations.
- Liverpool:
- Missed Opportunity: Liverpool's failure to act on Guéhi during the previous transfer window is seen as a poor decision, especially given their defensive challenges this season.
- Strategic Critiques: The hosts suggest Liverpool may have overestimated their position in the transfer market, believing they could secure Guéhi without competitive bidding.
- Crystal Palace:
- Financial Windfall: The transfer represents a significant financial gain for Palace, despite the loss of a key player.
- Managerial Challenges: Tensions between Glasner and the board regarding squad management and player retention have escalated, affecting team morale.
- Managerial Dynamics
- Oliver Glasner's Outburst: Glasner made emotional remarks about feeling abandoned after losing Guéhi and another key player. The hosts discuss how this could impact his relationship with the board.
- Boardroom Politics: The episode emphasizes the intersection of on-field performance, financial decisions, and personal relationships in football management.
- Conclusions on Winners and Losers
- Winners:
- Manchester City: Acquiring a needed player like Guéhi without significant financial risk positions them strongly for current competitions.
- Losers:
- Liverpool: Their inability to secure a much-needed defender could hurt their season.
- Crystal Palace: While financially bolstered, the managerial discontent may lead to instability.
Key Takeaways
- The Guéhi transfer is emblematic of the shifting power dynamics in football, where financial acumen often outweighs traditional player valuations.
- Successful clubs leverage their financial positions not just for player acquisitions, but also in navigating the complex world of football politics.
- Managerial relationships and public perceptions play critical roles in a club's success and stability.
Additional Notes
- Future Episodes: The hosts express a desire to discuss more on managerial changes within football, hinting at significant shifts expected in the near future.
- Listener Engagement: Fans are encouraged to reach out with comments and questions via email and social media platforms.
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For further insights, fans are invited to subscribe to *The Football Boardroom* and follow the hosts on various social media platforms.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOMark Gahey's Transfer Background
1:16 to 2:23
Explore the history and implications of Mark Gahey's transfer to Manchester City.
“You looked at Manchester City's defence and they certainly needed strengthening out in the Arctic circle.”
City's Strategic Thinking on Transfers
2:25 to 4:36
An analysis of Manchester City's bold approach to signing Mark Gahey.
“I think what's interesting about this deal is what it tells us about the positions of City and Liverpool at this moment in time.”
Financial Power Dynamics in Football
4:39 to 8:07
Discuss the financial implications of Gahey's signing and City’s revenue strategy.
“And then the risk piece, as I'm saying, is kind of the capital value.”
The Impact of Politics in Transfers
8:09 to 12:18
Understanding the political landscape affecting Manchester City's transfer strategy.
“They've made over 500 million selling players in the last five years.”
Liverpool's Transfer Strategy Analysis
12:20 to 14:00
A retrospective look at Liverpool's transfer strategies and their impact on competition.
“Let's go back to last summer and let's just think about, let's just think about that window.”
Financial Overview of Recent Transfers
14:00 to 14:58
An examination of the financial implications of forward player transfers.
“So we've got a chance here to create a dynasty.”
The Mark Gahey Situation
14:58 to 17:06
A detailed discussion on Liverpool's missed opportunity to sign Mark Gahey.
“It's a very big number relative to Mark Gahey, who was now moved for£20 million in January and who Liverpool very, very, very, very nearly owned for£35 million on the 1st of September.”
Hindsight and Transfer Decisions
17:06 to 19:28
Analyzing Liverpool's transfer strategy and hindsight decision-making failures.
“building, totaling over 220 million of spending.”
Character of Mark Gahey
19:28 to 21:48
Discussion on Mark Gahey's professionalism and character during the transfer saga.
“You get to the 1st of September, they look really smart.”
Pressure on Crystal Palace's Management
21:48 to 23:28
Exploring the pressures faced by Crystal Palace's management regarding player retention.
“I'm not going to play, and then they would have seen a rapidly depreciating asset and thought, well, if we can get 30 million from Liverpool now.”
Show all 18 chapters
Oliver Glasner's Managerial Challenges
23:28 to 28:00
A look into Oliver Glasner's challenges and the dynamics within Crystal Palace.
“player and then my secondary point the off the field events after the window closed between September and January, in my opinion, changed Manchester City's willingness to do whatever it took to get Gehi this week.”
Early Conversations on Managerial Changes
28:00 to 28:30
Explore the context of discussions around managerial changes and friendships in football.
“So he knew that you'd approached or been to talk to him?”
Assessing Player Performance and Management
28:30 to 29:50
A discussion on player performance, management decisions, and frustrations arising from team dynamics.
“yeah, I thought the comments were unnecessary and they didn't quite hold true because it was a bit emotive to, you know, two times I've picked the team and then had a player plucked out.”
The Impact of Managerial Decisions on Owners
29:50 to 31:24
Insights into how managerial decisions affect club owners and their investments.
“So that would have been right up there in the phone call.”
High Stakes in Premier League Management
31:24 to 33:06
A look at the pressures and expectations faced by managers in the Premier League.
“It's a completely remarkable thing to do.”
The Future of Glasner and Palace's Prospects
33:06 to 35:16
Discussion on Oliver Glasner's future and the Crystal Palace's prospects for success.
“I've been, you know, I've been, Steve and I, in many respects, mirror each other.”
Winners and Losers in Recent Transfers
35:16 to 36:42
Analyzing the winners and losers in recent player transfers, particularly Gehi.
“Palace's prospects of winning that trophy are higher with a motivated and focused Glasner than with a caretaker or a new manager where they're not his players, where he's joining mid-scene and with no pre-season.”
Liverpool's Strategic Challenges
36:42 to 39:24
Examining Liverpool's strategic challenges in player acquisitions and team composition.
“But my feeling is cool heads have prevailed and a big tick for Steve on that.”
Transcript
Automatic transcript. May contain errors.0:00Christian Purslow:When you want your spring break to feel like... And your kid's pool day to feel like... And your hotel bed to feel like... Ooh, and room service to feel like... Because at Hilton, hospitality feels like...
0:19Henry Winter:Your cabana's ready. Would you like fresh towels?
0:21Christian Purslow:It matters where you stay. Book now at Hilton.com. Hilton. For this day. Spring is here, and there's a whole new way to chai at Starbucks that's made perfect for you. Choose your sweetness, dial it up, or keep things light. Add a touch of pistachio, a hint of strawberry, or vanilla, or make it a spring classic with lavender. Because this season, there's endless ways to chai at Starbucks. Christian, a few days after Mark Gay's transfer, we actually did a show on it.
0:56Henry Winter:Yes, it was the biggest transfer of the window to date. We think it had broader implications for the Premier League today. We hope to bring you bonus episodes whenever we can. This is our first one. We hope you like it.
1:15Christian Purslow:Christian, good to see you. A few interesting games last night. You looked at Manchester City's defence and they certainly needed strengthening out in the Arctic circle. and we see Mark Gay as we peer through the transfer window has suddenly arrived for£20 million at Manchester City very well timed after last night but then if I can take you back to the last transfer window and you see Mark Gay scoring a Villa Park for Crystal Palace
1:45Henry Winter:a worldie
1:45Christian Purslow:a worldie and you see the Crystal Palace players ushering him over to the fans and effectively saying goodbye because everyone was expecting him to sign for Liverpool and then the next day everything's going well, he's having his MRI, and then about 7 o 'clock in the evening, the deal gets pulled because Oliver Glasner tells Steve Parrish, he's chairman, I cannot lose Mark Gaye. So that gets pulled. Liverpool don't get their man, and everyone's kind of expecting Liverpool to go again in this transfer window, and yet he turns up at Manchester City. Take me into the, you've been in many boardrooms, Take me into City's boardroom.
2:27Christian Purslow:What is their approach?
2:29Henry Winter:I think what's interesting about this deal is what it tells us about the positions of City and Liverpool at this moment in time. Let's start with City. I think three things really jumped off the page for me with this Gahey signing. The first was, in many respects, it showed City kind of scorning conventional wisdom. The wisdom's out there that a player with a year left on his contract isn't worth very much in the transfer market. A player with six months left's worth virtually nothing. And so a sort of natural resistance to pay a transfer fee for a player in that situation. I think when Manchester City's board looked at that, they were creative.
3:12Henry Winter:They were bold. They were willing to think out of the box. And I suspect they looked at it and said to themselves, look, let's step back. What's the real market value of Mark Gahey? Answer, 60, 70 million pounds all day compared to comparable 25-year-old international centre-backs. So he's running down his contract. We really need him. We're in contention for four trophies, by the way, the financial benefit of winning the Premier League, massive bonuses for Manchester City and their sponsor contract, winning the Champions League or going very deep in the Champions League last year.
3:49Christian Purslow:Just on those two, what are they worth? I know we've been swapping messages, you know, in the Champions League week. What would it be worth to win it? It's like 150?
3:57Henry Winter:Last year, Arsenal made£100 million from going very deep into the Champions League. And for the Premier League? Well, it's much more the indirect effect of the Premier League. So I suspect that Manchester City's key commercial contracts will have very big bonuses associated with winning titles. But also from the Premier League itself. Maybe£5 million here each way. each position in the Premier League is worth£3 million.
4:20Christian Purslow:Liverpool was worth about£150 million last season. So the point is, to just sort of back up your point, is that City will, if they land these trophies or go far in the trophies, particularly the Champions League, any cost on Mark Gay is completely justified now.
4:36Henry Winter:Well, they would certainly look at that as the return piece of the equation. And then the risk piece, as I'm saying, is kind of the capital value. So if he's worth£70 million in a normal market, in this transaction to sign Mark Gahey today there's kind of three pockets of value the player himself he's going to get he's going to get a salary from Manchester City or for for whoever's signing him from from the big six in the Premier League or leading European clubs that is what it is whether they pay that salary in the summer or now Mark's he's going to be a 250 to 300 ,000 pound a week footballer so it's a wash between January and the summer which leaves the transfer fee and the signing bonus.
5:17Henry Winter:Now, the conventional wisdom is if a player runs down the contract to zero, his agent can negotiate on his behalf a very large signing fee on top of salary with the simple argument that this is in lieu of the transfer fee you didn't have to pay because I took the risk of running my contract down. Let's call it the signing fee. I think City looked at this and said, this is a£70 million footballer all day. There's money to go to Palace, there's money to go to the player. If we have to pay£10,£20 million of signing fee, if we have to pay£20 million of transfer fee, and we know that figure, we don't know the signing fee.
5:59Henry Winter:But if it was£20 million, that's£40 million. This is a£70 million footballer. We're still£30 million to the good. And we have the player in the building in January, not the summer, which means two things. Yes, as you say, Henry, this player could be the difference between four Premier League positions. That's£12 million, Pid. A bonus for winning the Premier League, that's another£5 or£10 million. Going really deep in the Champions League, that could be another£20 million. This guy could pay for himself in the summer. And by the way, if we have spent£40 million now, and if in the summer Real Madrid come in and say, we want Mark Gahey all guns blazing, he's worth£70 million all day.
6:39Henry Winter:Especially after a World Cup, if he has a good World Cup with England. I think that's just bold and creative financial thinking. Now, the second point I'd make about them doing it in January, which definitely surprised a lot of people, is if Mark Gahey wanted to maximise value here, I still stand by my view that he would have waited till the summer. So if he had run an auction in the summer amongst Manchester City, Liverpool, Arsenal in the Premier League at least, Bayern Munich and Real in Europe, five clubs no transfer fee so in effect that transfer fee budget available for a signing fee I think we can all see it's very likely that that signing fee would have been higher and the salary would probably have bumped up higher as well I think we have to say and I'd be very interested in your views on Mark as a person but he's already showed in the way he handled himself in the transfer win in September the way he carried on playing the way he didn't sulk and wine when that deal fell through i think he's a pretty unusual character and it clearly wasn't all about the money for mark but from manchester city's perspective henry and i must make this point their financial firepower was a really relevant factor this is a team that is has the largest revenues in the premier league the only club to three times i think have revenues over 700 million pounds more than manchester united more than manchester united more than liverpool Liverpool's results this year may tip that even higher.
8:06Henry Winter:But up until today, 2025, City are the only club to three times have revenues over 700 million. They've made over 500 million selling players in the last five years. They've been a brilliant seller of footballers as well as a very big investor. So they're the biggest kid on the block in terms of their revenues. And as you know, revenues are what dictate your spending power in the current way that football is regulated. you are allowed to spend roughly speaking a proportion of your revenue so if you've got the biggest revenues you can spend the most but then that leads to the third point that struck me and I haven't seen a lot of focus on this about their ability to do this deal in the last couple of days since that September 1st deadline day moment where this player was a Liverpool player and then he wasn't eight days after that on the 8th of September last year a politics moment kicked in in football.
9:03And you know, money, power, politics.
9:06Henry Winter:Politics in football now.
9:07Christian Purslow:You love them all.
9:08Henry Winter:In my opinion, it's as big as on-field issues. Let me explain. On the 8th of September last year, the Premier League, who had been in a two-year legal battle with Manchester City, not the famous 115 charge case that I'm sure we'll come to at a later date, which is basically a look into the past of Manchester City, but a totally separate legal case where in fact City sued the Premier League and they sued them because they wanted to argue that the Premier League's rules on associated parties were illegal. Simple terms, associated parties, where a football club is owned by a party who also owns, for example, a sponsor, then those rules exist to make sure that those sponsor deals are done at a normal market rate that you'd get from a sponsor who had nothing to do with the football club.
10:06Henry Winter:That's a simplified way of thinking about it. Those rules, let me tell you, have been in football in the Premier League a very long time but they were strengthened after the Saudi takeover of Newcastle. I was in the room when that happened and it turned out the rules had never been tested before and so the rules were strengthened. Man City said, don't agree with those rule changes. We're going to be one of the two principal targets of those rules. And they went to court. Three different lawsuits. Finally, last September, that case was settled out of court. Simple terms, the Premier League City met and said, we're both spending a bunch of legal fees.
10:46Henry Winter:It's not good for either of us. let's do a deal and this is the deal that was done. City accepted that the Premier League could keep their rules regulating how associated party sponsor deals are approved but in return for City agreeing that the Premier League agreed that City's sponsorship with Etihad on its shirt and on the stadium a new deal so they've been the sponsor for a very long time. City have been trying to do a new deal with Etihad at a much higher value for a much longer period, that deal could be approved. But the crucial point, as far as I'm concerned, coming right back, zooming right back into Mark Gahey is sitting there in January after that September moment when it looked like this boy was going to be a Liverpool player.
11:37Henry Winter:City have had, in my opinion, a very big win off the field with an out-of-court settlement, but means they can now look at their sponsorship income coming forward, which means their ability to say, you know what, we'll give Crystal Palace a 20 million transfer fee. We'll pay Mark Gahey a massive signing fee. Their financial firepower in a world where it's all about revenue was enhanced eight days after that window shut in September.
12:06Christian Purslow:Are the real losers from the 8th of September verdict, Newcastle United?
12:12Henry Winter:Well, I think Liverpool and Newcastle United. So as I say, I think it was, I think we should look at how Liverpool, I think we should, I'd be very interested in your view on this. Let's go back to last summer and let's just think about, let's just think about that window. I remember at the time you were struck by this. I, you know, I publicly praised what was a change of strategy by Liverpool. A very, very bold approach to the transfer market. Over most of the time since I sold them the club in 2010, they had run a largely balanced transfer budget. Brilliant sales being used to replace with better and more important footballers.
12:57Christian Purslow:Brilliant sales like Coutinho.
12:59Henry Winter:Coutinho, 142 million euros. Those monies, I would argue, maybe the two biggest signings of the Klopp era, Van Dijk and Alisson, pound for pound, 140 for Coutinho, I think 70 and 60 for those two players. So running a very balanced book until last summer, where on the back of Slott's title win...
13:22Christian Purslow:And they hadn't spent in that season, apart from Curesia for 10 million. That's true. Which was almost like the war chest that we love talking about in the media had been increased.
13:32Henry Winter:Yes, and maybe they'd had a look at Slott and let him have a look at the squad for a year. I'm absolutely certain he outperformed in winning that title. But then, you know, a really concerted investment programme over that summer. And this is what I now think, and I apologise for hindsight on this, because nobody was more impressed with their boldness than me that summer in basically saying our competitors are in disarray. United, Chelsea, major issues. So we've got a chance here to create a dynasty. That's what it felt like last summer. And they spent£320 million on forward players. There it's£110 million, Eke TK 70 million, and in the end, Isaac,£125 million, plus other players too.
14:22Christian Purslow:They did need to bring strikers in because obviously the tragedy over Diogo Jota, Luis Diaz being sold and Nunes as well.
14:35Henry Winter:Yeah, but if you add those up and obviously a terrible, terrible situation with Jota, but the sale of Diaz and the sale of Nunes raised about£110 million. So just up top,£320 million out,£110 million. So about£210 million on an enhanced forward line. And here's my point, looking back now with hindsight to that moment. So a couple of things. Firstly,£220 million net on forwards. It's a very big number relative to Mark Gahey, who was now moved for£20 million in January and who Liverpool very, very, very, very nearly owned for£35 million on the 1st of September. Now, on the 1st of August last summer, two things happened.
15:19Henry Winter:Liverpool made a bid for Alexander Isak at£110 million. They also briefed publicly that they were interested in signing the Crystal Palace defender Mark Gehi. Now, Henry, tell me, I believe at that time Palace, on the record to manage their fans and everyone's expectations, said that they would have to take money for Gehi rather than risk getting zero. Is that right?
15:47Christian Purslow:Steve Harris said that. on the record and he said it was unless he signed a new contract we cannot have an asset like that
15:56Henry Winter:okay so now it's the first of august so it's a wide open door with palace to sign gay he um and uh the price talk price talk the market speculation the leaked figures by palace whatever you call it we call that the price talk in the deal business the price talk was 30 to 40 million pounds 35 i think the headline so nobody was saying it was 50 60 70 okay so my point is simple they say they want gay here on the 1st of august they do nothing between the 1st of august and the 1st of september the whole isak saga played out now you've pointed out they needed three forwards because they'd lost three forwards um but it was very unclear whether they would get ISAC until it became clear they would, which was late August, when Newcastle said, oh, all right, then he will not agree to stay for another year.
16:53Henry Winter:We've got to cash in our chips. Liverpool had held a bit back and gave Newcastle another£15 million. So instead of the£110 they bid on the 1st of August,£125 on the 1st of September. So a£15 million movement on the third forward in the building, totaling over 220 million of spending. And yet in the month of August, it didn't cross their mind to maybe move, bid Palace 35, maybe 36, maybe 37, maybe 40, maybe 5 million more.
17:24Christian Purslow:At a time where they let Jarell Kwanzaa, who'd had a very good European under 21 championship, he might not be absolutely elite level, but they let him go as a very good, young, promising centre-half. But there's a lot of hindsight here. So, Isaac, people could understand why they were going for him because he was an outstanding player and just the type of clinical finisher that Liverpool needed, everyone thought they needed. One or two people raised concerns about his injury record, but on the whole, I think people could understand why they were going for him and why Newcastle fans and owners and manager were frustrated at the prospect of losing him and the manner in which they were losing him, someone downing their tools in such an unprofessional, ungrateful manner.
18:09Christian Purslow:I don't think people realise that Eketike was going to be so effective. In hindsight, you would say, well, actually, we could have just got Eketike and then strengthened at centre-half.
18:16Henry Winter:Yeah, and I'm not suggesting regret on doing those three deals. I'm making a strictly financial – I imagine it was me actually managing the transfer window. You would have done it earlier. I just think there's a sense, and I'm sorry because I admire much of what they do, and I really like, by the way, Richard Hughes, who I've done business with. It looks to me like they were a bit cute. You know, they thought, we've got Mark. They've done their deal with Mark. Mark knows salary, signing bonus, what position he's playing, what his shirt number is. They're confident. That's standard opera. They've got the player.
Read the full transcript
18:53Henry Winter:And Steve's gone on the record saying, you know, we can't keep him. So I think they think that they don't want to get drawn into having to pay Palace anymore by a negotiation. If we just wait till deadline day and give them a tioli, take it or leave it.
19:10Christian Purslow:And that's what they did. They'd also bought another centre-half, Leone, who got injured. So it then transpired as the month wore on that they would need to move for Gay.
19:20Henry Winter:But I guess I just want to land this point that for the sake of two, three, four million pounds, they put themselves in a position. You get to the 1st of September, they look really smart. You know, they've basically got fantastic new forward line. However you look at it, they've managed to land Isaac and they've got Gehi in the building, having his photo, having had his scan. And then lo and behold, an injury kicks in. Palace do not have a centre-back and have to pull the deal. And I simply believe that at any point in the three weeks before that, For the sake of one, two or three million, Gahey would have been in the building earlier.
20:00Henry Winter:And with the benefit of hindsight, this is what then happens. Think about our themes. As I say, eight days after that window shut on the 8th of September, an off-field matter, an out-of-court settlement of a court case that seems rather remote to Manchester City and Liverpool. But my point for our listeners is the politics of football, the rules, the negotiations, the skill with which City engineered that out-of-court settlement, actually, four months later in January, has a direct impact, A, on Liverpool, because suddenly City are even more emboldened to bring their financial strength to the equation, to do a deal for Gahit in January, which Liverpool refused to countenance and compete on.
20:47Henry Winter:And you may wonder, you know, if you'd been Liverpool, you know, should they have gone head to head with City last week for Gehi?
20:56Christian Purslow:Would it? You know how I love to bring in the human and the emotional into your boardroom world of Pound, Shalins and Pence. You do, Henry. You're very sensitive to soul. And cold-hearted businessmen moving these wonderful footballers around. If Mark Gehi, OK, so we're looking at Alexander Izak and the way he behaved in that month.
21:15Henry Winter:Yeah.
21:15Christian Purslow:And you contrast that with Mark Gahey, who is a very religious individual. His father's a pastor. He's incredibly professional. The fact that he carried on captaining and leading and playing so well. Well, you mentioned the Villa game. The Villa game. That night he played before heading to Liverpool.
21:31Henry Winter:And, of course, my old club, on the same match, Emi Martinez thought he was going to Manchester United the next day and didn't play.
21:40Christian Purslow:Gahey would have been at Liverpool if he'd stamped his feet and Palace thought, right, let's move him on.
21:46Henry Winter:On deadline day?
21:47Christian Purslow:Probably before, because I think if he'd said, I'm not going to play, and then they would have seen a rapidly depreciating asset and thought, well, if we can get 30 million from Liverpool now. I think you're completely right.
21:59Henry Winter:Or even at the most basic level, we can say, and I've already said to you, let me be clear, as a strictly financial matter, Mark would have made more money waiting to the summer. Let's be real. I'm absolutely certain.
22:11Christian Purslow:In terms of wages or the price? signing plus wages either or there's no question about that so this is a footballer for whom it
22:19Henry Winter:isn't all about the money we can conclude that from the mere facts that he did this essentially palace getting a 20 million pound transfer fee eight into the available funding for that footballer to take a signing bonus or and his agent and so that's really clear but the fact he didn't spit the dummy you know imagine six o 'clock on deadline day he was a liverpool player seven o 'clock he was not he didn't sulk and whinge and whine he got his head down and thought you know what it wasn't meant to be i'll move in january or the summer didn't miss a beat at palace i agree with you on that but but i still come back to liverpool what looked like a bold brave summer of proper net investment and spending henry um i think they were pennywise pound foolish on on mark gahey in the summer and I find that rather strange and I think I can absolutely see how they thought if they played the deadline day game wait they thought the power was with them on deadline day and it failed to acknowledge that in fact events can kick in an injury and suddenly they haven't got the player and then my secondary point the off the field events after the window closed between September and January, in my opinion, changed Manchester City's willingness to do whatever it took to get Gehi this week.
23:43Henry Winter:And Liverpool could not compete with that.
23:46Christian Purslow:Events. Events, dear boy, events, as Howard McMillan said about the Profumo affair. Take me into the Crystal Palace boardroom. They are dealing with events. They're dealing with a player not coming, who they thought might be the replacement for Mark Gehi. They're dealing with a manager in Oliver Glasner who is also running down his contract and that's the way his career's gone and he has every right to do that and he was probably expecting because he's brought two trophies in to Crystal Palace with the obviously the FA Cup, amazing day out at Wembley and the Community Shield, amazing day out at Wembley.
24:22Christian Purslow:He is their most successful manager of all time but there are increasing tensions between him and the board partly because he's not going to sign a new contract and partly because he is increasingly exasperated as what he said feeling abandoned and then after the Sunderland game, within 20 minutes of the Sunderland game, going on the BBC, going into the press conference and saying, I have had the heart. He said the heart, quite emotive language. Being absolutely abandoned is emotive enough, throwing the board on the bus, but then saying we've had the heart torn out of us, not once but twice, with Eze going before the start of the season to Arsenal, an important player for them.
25:07Christian Purslow:And then with Mark Gay, then going to Manchester City. And he effectively said that he was trying to pick his team and then got told Mark Gay couldn't play. Do you think the timeline bears that out? Just look at the back page headlines. I mean, they were basically saying that Gay was going to be leaving about a week before. Days before that game. So take me into the boardroom on that Saturday evening when you've got your manager throwing a meltdown. As a journalist, I absolutely love a carnage press conference, and I'm sure you hated them when they happened with your managers. But look, it was great copy, the copy coming out of the Stadium of Light, Stadium of Delight, as we would call it as journalists, because it was just great copy.
25:53Christian Purslow:And he'd done a brilliant press conference. I mean, it's like London buses. Suddenly, we got these two great press conferences, Yeah. And, but you are Steve Parrish, who A, is a fan and he's a chairman, he is wallet and he is head as well. He loves his football, knows his football, loves Palace, but also admires sustainability, which he has to in the age of PSR. I think people sort of understand that. What is your view when you've got, you know, you've had overseas owners. How does, how does that work on a Saturday night? Take me into the mindset in the boardroom.
26:28Henry Winter:Well, let me say before I say that, that so I really admire Oliver Glasner. Bit of a trade secret. I interviewed Oliver Glasner at the time when we hired Unai. He was on our short list. I interviewed him in his man flat in Frankfurt, which was literally a fridge, a bed and a huge TV screen. His family weren't with him. He was all in on his job. I've never forgotten the meeting. I was with Johan, who's my sporting director. He had done huge profiling on the four or five managerial candidates and asked me to go with him to meet with Oliver. I liked him immensely. I was highly impressed.
27:06Christian Purslow:Why?
27:07Henry Winter:Well, everything about him, his preparation for that meeting was superb. Likeable guy? Yeah, really, extremely likeable, as I say, living in an extremely modest and extremely cold rental apartment in Frankfurt because he's all in on his job. He basically said he would get up very early in the morning, go to the training ground and come back to his flat. And it was basically a bed and a fridge. And I was really struck by that, you know, none of the trappings of success. But, yeah, I really liked him. And I was absent. And obviously we didn't hire Oliver. But I was really pleased when not so long later he got himself a great job in the Premier League with Steve.
27:47Henry Winter:And I'm not hugely surprised how well he's done for them.
27:51Christian Purslow:Did Steve contact you or did you have any?
27:53Henry Winter:Listen, we did speak. We did, yeah. I gave Oliver reference, actually, to Steve when he asked. And I'm happy I did.
28:02Christian Purslow:So he knew that you'd approached or been to talk to him? Yeah, I can't remember how. I mean, you get on with Steve. Did you just say, I've heard you being linked with this manager, by the way? We're great friends.
28:11Henry Winter:I can't remember how the conversation happened. That's good. But we're great friends. We don't expect clubs to help each other, but that's good to know. Yeah, maybe you're right. But I think I was probably out by then. I can't remember the timing, but I definitely really like Oliver Glasner and I'm not hugely surprised how well he's done. By the way, I should say, because I'm sure you're thinking, yeah, I thought the comments were unnecessary and they didn't quite hold true because it was a bit emotive to, you know, two times I've picked the team and then had a player plucked out. The timeline doesn't reflect.
28:41Henry Winter:In both cases, that's an exaggeration. It's not the actual call.
28:45Christian Purslow:You'd also be a bit annoyed if you are the two American co-owners and Steve Parrish, and two of them showed me round the academy across the road from the main training ground where they are developing these good kids, some of whom were on the bench. Within 12 miles of Selhurst Park, you would find the birthplaces of probably about 10 or 12 current England or recent England internationals. You know, you think of the Losters Cheeks, Wilf Saha as well, I mean. Esri Konza, my boy, came from Charlton. Emil Smith-Rowe before he went across London. So, yeah, absolutely. So I would have been frustrated if I've invested all this money in this fantastic facility across the road and you've got all these kids coming through and their parents are listening in to Oliver Glasner saying basically he doesn't rate the kids.
29:35Christian Purslow:And it's partly his fault that he hasn't rotated the team enough that they slightly sought it.
29:41Henry Winter:Dummy post-match. What did you make of no subs? I mean, that's your...
29:44Christian Purslow:I mean, he was making a point. Which was? I've got a small squad and I'm good, but I keep on having players taken away from me. And it's ridiculous. I'm being abandoned.
29:56Henry Winter:You asked me about the phone call. Let's go to it. Okay. So that would have been right up there in the phone call. So in the connected world in which we live in, wherever David Blitzer and Josh Harris are in the world, if our listeners don't know, I think these two gentlemen, Josh Harris, David Blitzer, from my world, They're private equity people by background who, having made billions in that world, have become huge investors in sport. I don't think anybody has more football investments in the world than David. And Josh owns the Washington Commanders. They together owned the Sixers. These are serious global sports investors, multi-billionaires who are the largest shareholders in Crystal Palace.
30:42Henry Winter:but they're they've got a lot on their plate and Steve as their partner is the guy in the trenches running it for them looking it after for them and um and who would have been you know on that on that phone call with I suspect two absolutely incandescent American owners what the f is going on why is this guy slagging us off he knew Mark would be leaving we told him a week ago and what the F is he doing not putting substitutes on? You know, I'd love someone to do a check for me, but I cannot remember a Premier League match in memory where... I think it's the first time. I can't remember a game where there was no substitution.
31:25So this is not a bit of a gesture.
31:28Henry Winter:It's a completely remarkable thing to do. Extraordinarily provocative. Two fingers to the board? Well, if I'm sitting in wherever I am in the world, David and Josh and see that and hear it. Yeah, I feel completely incandescent because in the Premier League, every point counts. Every place is three million pounds. It's their investment. So please have no illusions. They would have been as angry as Jim Ratcliffe would have been when Amirim chucked him and his team under the bus, or Desmond when Brendan Rodgers said, I asked for a Ferrari and I got a Honda, or Todd Bowley and Badadibali when recently Maresca did the same thing.
32:11Henry Winter:So a lot of people have been going under the bus before. It's very interesting, isn't it? And we should talk more about that actually another day. But yes, if you are the guys writing the checks, you think you've got a professional working relationship with your manager and he publicly does you over, they're human beings. They would be absolutely furious. But let's draw a contrast. You know, Mareska Maramerin did it. Within days, they're gone. The natural reaction, I can't have a guy working for me who doesn't respect the money, doesn't respect the owner.
32:42Christian Purslow:Did you expect them to bomb Glasner out on that Saturday night?
32:47Henry Winter:Well, I know Steve really well, OK? And I really... Steve is thoughtful and he's been around a long time and he prides himself on being his own man and thinking independently. I really like that. side of his character. And so I think, and I've been in that phone call, trust me, many, many times. I've been, you know, I've been, Steve and I, in many respects, mirror each other. I'm the guy in the trenches doing the day-to-day with my owners who've got lots of business interests, every, you know, five minutes after every match, having the debrief. I know what those calls are like. And in this case, you know, it would have been high octane.
33:29Henry Winter:But I think he will have said, I'm furious too and I completely understand and it's totally out of order and I wish I could make it, not so. And I bet you they'd have said, this is gross misconduct, go fire the guy. That would have been in a moment of emotion. Compensation would have been modest
33:47Christian Purslow:because he's only got a few months left on his contract. Would that have featured a couple of million? What would it have been?
33:53Henry Winter:Listen, if he's on six million a year and he's got six months to go, in principle it may have been three million to get him out of the building that day. But there definitely wouldn't have been a discussion about whether he's owed any money because can we soon? Steve would have said, look.
34:07Christian Purslow:On that, could they have looked at his contract and saying once more into the breach, dear friends, and there is a breach of contract there? Well, that's my point that they would have. So not to pay him. That's the point I mean.
34:19Henry Winter:Yes, we call that termination for cause is the American way of describing that. Cause meaning you have done something to breach your contract that breaches it. we owe you no payoff. I'm sure that would have gone through their mind. But Steve would have said, look, nobody wins in that situation. So the guy's out the door. He sues us for wrongful dismissal. We're in court for a year. It's all through the papers. And in the end, we end up paying him anyway, because courts definitely favour employees in that situation. We need to turn this around. We need to try and find a way to have alignment, not estrangement.
34:57Henry Winter:I think the way his mind would have gone is we've got a major trophy opportunity which is the Conference League. I think they're probably Bookie's favourites to win that. For a club that's only won one trophy in its history to win another, what a way for Glasner to go out. What a great outcome for Palace and their fans and you mentioned Steve's a fan. Definitely better. Palace's prospects of winning that trophy are higher with a motivated and focused Glasner than with a caretaker or a new manager where they're not his players, where he's joining mid-scene and with no pre-season. So he'd have looked at that and said, I've got to keep him in the building.
35:31Henry Winter:One, I'm not paying him off. If you want to go, Oliver, go. But that's you walking out the door and you're leaving us with no option and no money changes hands. And he'd have said to his American colleagues, if he wants to do that, we can't stop him. And he goes. but I'm going to be saying to him, look, we all know that, you know, you want to get a big job in the summer. Your chances of getting that big job will be enhanced by going out on a high, winning two trophies at Crystal Palace when it's never won any in the preceding hundred years. And yes, I'm going to say it. People like David Blitzer and Josh Harris and Steve Parrish saying that we had our differences, but he's a great coach and behind the scenes we admired him when those reference calls come in the summer from big clubs, as opposed to a guy who chucks his owners under the bus, gets a little bit over-emotional, lost 10 games in a row and then tried to blame everybody other than himself.
36:23Henry Winter:That isn't a great look to end. So I think relying on Glasner's motivation and ambition to bring him back in the tent, swallowing your pride because they would have been very hurt as owners, I think was really smart. And that's what I think Steve's done.
36:39Christian Purslow:Parrish has done well there.
36:40Henry Winter:Now, we don't know whether it sticks, Henry. Oliver could escalate this week with another diatribe and leave them no option. But my feeling is cool heads have prevailed and a big tick for Steve on that.
36:52Christian Purslow:Yeah, I bet Roy Hodgson is going into the attic and getting out his old Crystal Palace tracksuit. I mean, let's hope he stays because he is a fantastic manager. So just to wrap this up, where are we with these three clubs? Who are the winners and losers? and if anyone can draw in a circumstance like that. From your take, from what you're saying, Manchester City are clear winners on and off the pitch because they've got an outstanding player who they absolutely need. Financially, it makes sense for them, the APT element. But where does this leave Liverpool?
37:27Henry Winter:Well, look, again, with the benefit of hindsight, it would seem that they've had defensive issues this season. They've also had issues that, you know, many, many... I mean, I remember Rafa telling me, you know, he was like a guru. My first job, I'd never been in professional football and I'd find myself, you know, Liverpool Chief Exec, working with a man of his experience as such. And he taught me so much. But one of his truisms, he always told me that it was very difficult to accommodate forwards who all thought they should be starting in the same 11. and it was very difficult to sign, you know, two, three, four forwards as Ferguson famously had four, didn't he, when they won the treble.
38:13Henry Winter:Rafa thought that was naturally a very difficult thing to do and there are many people in football who would say that Liverpool were asking for trouble.
38:20Christian Purslow:Particularly now with most teams only playing one up.
38:22Henry Winter:Yeah, exactly. But to keep Mo, who has a huge stature in the club and then go do Wurtz, who in most clubs would be the main man, And Isak, who was the main man, and Eketike, who I think has surprised the upside so far. So, you know, I think that, honestly, they will say they didn't really need or want Gehi that much. But I don't think many Liverpool fans would agree with that. I definitely think they expected to get him later, having done all the work in the summer to get him close to Arnie Slott, get him in the building. Probably didn't anticipate City going hard in the January. I think they thought they'd be in a fair fight next summer with no transfer fee.
39:04Henry Winter:Bit naive. I think they were a bit too attracted and a bit too cute. No transfer fee, get him in the summer. He'll still come to us because he loves us. Bit naive. City came in, guns blazing and blew them out the water this week with the transfer. So definitely City 1, Liverpool 0. The little angle on the APT case, you know, I'm sure the clubs were asked by the Premier League, are we all cool with us settling this out of court?
39:30Christian Purslow:You love your APT, don't you?
39:31Henry Winter:Look, I just think that that was a brilliant, brilliant result for City and a less good result for the league. I think it's real simple. You know, the APT rules continue for another nine years. You know, that's how long...
39:43Christian Purslow:I think I'm going to leave you in this pod with a camera pointing at you and a microphone. You can talk about APT for an hour while I go and put some more money in the meter. You're right. No, it's very important. And it's so important that you've actually bought your expertise and your knowledge and how APT would affect something as important for fans as buying the right players. But the club that he has left behind, where does it leave Kiko Palace? That's the key question, isn't it?
40:08Henry Winter:I would say off the field, Palace have got themselves a£20 million, you know, windfall that probably there was a real chance that clubs would sit back and wait till the summer.
40:21Christian Purslow:Chelsea get a small slice of it because of their great academy where Gaze started.
40:25Henry Winter:They've got time to really think carefully about how they replace Glasner, and time is a big advantage. I certainly wouldn't want to be leaving that late in the summer. So I suspect that Steve... They'll know, don't they? I don't know if they'll know yet.
40:37Christian Purslow:But surely everyone has a succession plan, particularly for someone, a manager running out of contract.
40:41Henry Winter:They'll have been monitoring managers, and there's been a lot going on off the field at Palace as well. Dougie Friedman left, Steve and he were very close. Dougie would probably have been in charge of keeping a watching brief on long-term replacements for Glasner. but things change you know you have to have a lot of irons in the fire because this summer is going to be the most significant managerial mario go round i think we've ever seen i can't wait to talk to you about it but just think with with two colancellotti and pochettino coming out of world cup deals glasner free iraiola probably free and then on the other side of the managerial equation is Thomas going to see it through at Spurs Thomas Frank I mean you know he's right on the cusp isn't it is Arnie going to come good in the second half of the season so much more room I'm hearing so much speculation we must do another pod we should
41:34Christian Purslow:on managers we should definitely but thank you for deciphering the code of Gay's move and throwing some letters in there APT well thank you very much see you next week see you next week
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From the publisher
What does Marc Guéhi’s move to the Etihad tell us about the current positions of Man City, Liverpool and Crystal Palace?
In this bonus episode of the new podcast The Football Boardroom, Christian Purslow and Henry Winter delve into the far-reaching impacts of the Guéhi transfer.
They dissect the timing, cost and wider implications for a host of clubs and the league itself- shining a light on the winners and losers of a saga that stretches back months.
And what was really behind Oliver Glasner’s very public outburst, the latest in a flurry of managerial meltdowns?
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