Transfer window: The art of doing a deal - and how to come out a winner
"Does Luis Suarez ring a bell?"
Dick Law has a wry chuckle as he introduces the Uruguayan into conversation.
Suarez isn't being recalled for the scoring, bawling, biting or handballing. Instead, for once, it is something he didn't do.
Ten years ago, in the summer of 2013, Law was in charge of overseeing Arsenal's transfer business and manager Arsene Wenger wanted another striker.
At Liverpool, Suarez had scored 23 Premier League goals for a team that finished seventh and wanted to join another club.
So, Arsenal moved.
Having seen a copy of Suarez's contract, Law knew it contained a clause mentioning bids over £40m.
Law also knew that figure was unlikely to be enough to buy Suarez - the clause was too vaguely written to force Liverpool's hand. But he hoped that might be the number that started negotiations, fuelled Suarez's desire to leave and paved the way to a deal.
Law sent over an offer of £40m, plus one symbolic pound.
"Our approach was just to start a conversation," he says.
He didn't get the reply he wanted.
"What do you think they're smoking over there at Emirates?" tweeted Liverpool owner John W Henry in response.
An apparently unhappy Suarez skulked about in a couple of friendlies, but ultimately stayed at Liverpool, rather than submit a formal transfer request to up Arsenal's ante.
"Was Suarez committed to leaving?" asks Law.
"If you are the buying club, you need more than a week or two. When things inevitably get sticky, you need a sense that the player is going to push from their end.
"In retrospect, should we have offered £45m? Sure. Would it ultimately have changed the outcome? I don't think so."
On that occasion Law lost out, but in the summer game of transfer bid and bluff, there is always another hand to play, another deal to do.
And strategy and tactics are critical if you are to win more than you lose.
The Charlie Chaplin. The Colombo. The Salami. Aim for the Stars. Tell Me Why. Sowing the Seed.
Dan Hughes' tactical playbook runs to 39 different ploys and 12 pages.
A negotiation specialist, he was more used to talking it through with corporate business clients when, 15 years ago, he received a phone call.
Mike Rigg was on the line, trying to make sense of a world turned upside down.
Rigg had been appointed as Manchester City's head of player acquisition just a few weeks before Sheikh Mansour had bought the club, suddenly swelling his transfer budget many times over and propelling him into competition with Europe's superpowers.
Rigg had gained a fortune, but lost any leverage. As soon as City made enquiries, selling clubs ratcheted up the prices. Rigg couldn't get a toehold in negotiations so he asked Hughes' advice.
He was the first, but not the last.
Hughes and his firm Bridge Ability now advise a number of Premier League clubs, agents and even some players on how to get an upper hand in transfer negotiations. They also help deliver a Football Association course aimed at senior scouting staff and technical directors.
"Often these roles have been filled by ex-players or scouts," explains Hughes.
"They are really good at the technical part of the job - spotting players - but when it comes to having to negotiate with a club or agent, they would end up having rings run around them."
This is the advice of Law, Hughes and Damien Comolli, the former Liverpool and Tottenham director of football, now president at Ligue 1 Toulouse, on how to avoid being the boardroom fall guy at this time of year.
Know your enemy - and know yourselves
"My colleagues at other clubs were very capable and competent people, but each of them were working within the contexts they were given," says Law.
"It was no good being [director of football] Txiki Begiristain at Manchester City and showing up in a deal and pleading poverty. But if you are [chairman] Tony Bloom at Brighton you can perhaps point to your balance sheet and say that you just don't have the money."
Being able to see the differing perspective and circumstances on both sides is key to predicting if a deal might be possible and, if so, at what price.
"That is the first fundamental thing," adds Hughes. "An ability to step outside of your world and look at the other party's pressures, problems and opportunities. Seeing the negotiation from their viewpoint changes everything."
A shortage of players in a particular position, a windfall from a recent sale or an increasingly restless fanbase, might spur a buying club to pay more.
Dick Law left his role as Arsenal's transfer chief in January 2018 and has since returned to his native United States
Conversely, similar options elsewhere on the market, a cautious owner, looming Financial Fair Play limits or emerging youth prospects may limit the chances of a bid being raised.
Either way, the idea of any player being worth a particular single amount is too simplistic.
What they are worth depends on who you are.
"At Toulouse, we are extremely data driven and every decision we make is analytics based," explains Comolli.
"We make our own valuation - we don't look at markets, we don't look at websites or whatever.
"Sometimes we will pay more for a player, compared to how they are valued by the market generally, because we know what value they will bring for us specifically."
Start the dance
You've identified a target. You've done your reconnaissance on their current club. The question is now how to start the dance.
As Law found out, pitch an offer too low and it can be used against you.
In the same summer as Arsenal's failed attempt to sign Suarez, Everton described a £28m joint-bid from Manchester United for Marouane Fellaini and Leighton Baines as "derisory and insulting".
Crystal Palace opted for "embarrassing" as their description of Arsenal's £40m offer for Wilfried Zaha in 2019.
"Sometimes clubs genuinely feel they are being disrespected, sometimes it is a statement for the fans and the press," says Comolli.
"We try to find the right balance between not upsetting people and not showing our hand too early at the same time. It is not easy and sometimes I make an offer way below what a club is looking for and they pull out.
"In that case I might use the player's agent as a go-between to keep the dialogue going. It works most of the time - sometimes it doesn't."
Hughes believes clubs too often do the opposite though - paying over the odds for a player with an overly-generous opening offer.
"We encourage clubs to be bolder in general," he says. "Sometimes things fall apart because you go too low, but far more common is for people to walk away from a negotiation thinking that the other party has accepted too easily."
Law has been a beneficiary of such a misjudgement.
"In summer 2014, [former Arsenal chief executive] Ivan [Gazidis] and I walked into a room in Barcelona to meet Barcelona officials to talk about Alexis Sanchez. They said a price and it was cheaper than we expected to pay," he recalls.
"Did we accept that price? Of course we didn't, we tried to knock them down further!"
Sanchez, fresh from an impressive World Cup campaign with Chile, signed for £35m.
It isn't just the substance of a bid that can cause offence, but the style of an approach.
Law was working for Arsenal, albeit in South America, in January 2005 when Ashley Cole, the club's left-back, met with Jose Mourinho and Peter Kenyon, Chelsea's manager and chief executive, in the Royal Park Hotel in central London. News of the gathering soon found its way into the press.
"What is important - regardless of how you acquire information or the conversations you may or may not have, or should or should not have - is to be respectful of the other club. That is critical," Law adds.
"I think what was so striking about the Cole deal was simply the blatant, in-your-face nature of it.
Ashley Cole eventually arrived at Stamford Bridge from Arsenal in September 2006 in a deal that took fellow defender William Gallas and £5m in the opposite direction
"If you go to a hotel near Hyde Park, in the middle of London and you bring in your manager, who is a high-profile public figure… I just took it as a lack of respect for Arsenal, and if you don't challenge that, what is next?"
Relations between the clubs deteriorated and Chelsea, Cole and Mourinho were all fined. But, 18 months on from the not-so-secret meeting, a deal was done to take Cole to Stamford Bridge.
There is theoretically another option.
Why not dispense with all plotting, low-balling and back-and-forth? Is it possible to enter negotiations with a first, best and final offer, a take-it-or-leave figure that cuts out the nonsense?
In theory, it should be. But transfer business is practised by humans, with quirks and expectations to be satisfied, in a long-established culture.
"The whole point of opening low is so that you move from it," says Hughes. "It is the act of moving which gives the other side a sense of achievement - you want them to feel that they got the best deal they could."
"Does Luis Suarez ring a bell?"
Dick Law has a wry chuckle as he introduces the Uruguayan into conversation.
Suarez isn't being recalled for the scoring, bawling, biting or handballing. Instead, for once, it is something he didn't do.
Ten years ago, in the summer of 2013, Law was in charge of overseeing Arsenal's transfer business and manager Arsene Wenger wanted another striker.
At Liverpool, Suarez had scored 23 Premier League goals for a team that finished seventh and wanted to join another club.
So, Arsenal moved.
Having seen a copy of Suarez's contract, Law knew it contained a clause mentioning bids over £40m.
Law also knew that figure was unlikely to be enough to buy Suarez - the clause was too vaguely written to force Liverpool's hand. But he hoped that might be the number that started negotiations, fuelled Suarez's desire to leave and paved the way to a deal.
Law sent over an offer of £40m, plus one symbolic pound.
"Our approach was just to start a conversation," he says.
He didn't get the reply he wanted.
"What do you think they're smoking over there at Emirates?" tweeted Liverpool owner John W Henry in response.
An apparently unhappy Suarez skulked about in a couple of friendlies, but ultimately stayed at Liverpool, rather than submit a formal transfer request to up Arsenal's ante.
"Was Suarez committed to leaving?" asks Law.
"If you are the buying club, you need more than a week or two. When things inevitably get sticky, you need a sense that the player is going to push from their end.
"In retrospect, should we have offered £45m? Sure. Would it ultimately have changed the outcome? I don't think so."
On that occasion Law lost out, but in the summer game of transfer bid and bluff, there is always another hand to play, another deal to do.
And strategy and tactics are critical if you are to win more than you lose.
The Charlie Chaplin. The Colombo. The Salami. Aim for the Stars. Tell Me Why. Sowing the Seed.
Dan Hughes' tactical playbook runs to 39 different ploys and 12 pages.
A negotiation specialist, he was more used to talking it through with corporate business clients when, 15 years ago, he received a phone call.
Mike Rigg was on the line, trying to make sense of a world turned upside down.
Rigg had been appointed as Manchester City's head of player acquisition just a few weeks before Sheikh Mansour had bought the club, suddenly swelling his transfer budget many times over and propelling him into competition with Europe's superpowers.
Rigg had gained a fortune, but lost any leverage. As soon as City made enquiries, selling clubs ratcheted up the prices. Rigg couldn't get a toehold in negotiations so he asked Hughes' advice.
He was the first, but not the last.
Hughes and his firm Bridge Ability now advise a number of Premier League clubs, agents and even some players on how to get an upper hand in transfer negotiations. They also help deliver a Football Association course aimed at senior scouting staff and technical directors.
"Often these roles have been filled by ex-players or scouts," explains Hughes.
"They are really good at the technical part of the job - spotting players - but when it comes to having to negotiate with a club or agent, they would end up having rings run around them."
This is the advice of Law, Hughes and Damien Comolli, the former Liverpool and Tottenham director of football, now president at Ligue 1 Toulouse, on how to avoid being the boardroom fall guy at this time of year.
Know your enemy - and know yourselves
"My colleagues at other clubs were very capable and competent people, but each of them were working within the contexts they were given," says Law.
"It was no good being [director of football] Txiki Begiristain at Manchester City and showing up in a deal and pleading poverty. But if you are [chairman] Tony Bloom at Brighton you can perhaps point to your balance sheet and say that you just don't have the money."
Being able to see the differing perspective and circumstances on both sides is key to predicting if a deal might be possible and, if so, at what price.
"That is the first fundamental thing," adds Hughes. "An ability to step outside of your world and look at the other party's pressures, problems and opportunities. Seeing the negotiation from their viewpoint changes everything."
A shortage of players in a particular position, a windfall from a recent sale or an increasingly restless fanbase, might spur a buying club to pay more.
Dick Law left his role as Arsenal's transfer chief in January 2018 and has since returned to his native United States
Conversely, similar options elsewhere on the market, a cautious owner, looming Financial Fair Play limits or emerging youth prospects may limit the chances of a bid being raised.
Either way, the idea of any player being worth a particular single amount is too simplistic.
What they are worth depends on who you are.
"At Toulouse, we are extremely data driven and every decision we make is analytics based," explains Comolli.
"We make our own valuation - we don't look at markets, we don't look at websites or whatever.
"Sometimes we will pay more for a player, compared to how they are valued by the market generally, because we know what value they will bring for us specifically."
Start the dance
You've identified a target. You've done your reconnaissance on their current club. The question is now how to start the dance.
As Law found out, pitch an offer too low and it can be used against you.
In the same summer as Arsenal's failed attempt to sign Suarez, Everton described a £28m joint-bid from Manchester United for Marouane Fellaini and Leighton Baines as "derisory and insulting".
Crystal Palace opted for "embarrassing" as their description of Arsenal's £40m offer for Wilfried Zaha in 2019.
"Sometimes clubs genuinely feel they are being disrespected, sometimes it is a statement for the fans and the press," says Comolli.
"We try to find the right balance between not upsetting people and not showing our hand too early at the same time. It is not easy and sometimes I make an offer way below what a club is looking for and they pull out.
"In that case I might use the player's agent as a go-between to keep the dialogue going. It works most of the time - sometimes it doesn't."
Hughes believes clubs too often do the opposite though - paying over the odds for a player with an overly-generous opening offer.
"We encourage clubs to be bolder in general," he says. "Sometimes things fall apart because you go too low, but far more common is for people to walk away from a negotiation thinking that the other party has accepted too easily."
Law has been a beneficiary of such a misjudgement.
"In summer 2014, [former Arsenal chief executive] Ivan [Gazidis] and I walked into a room in Barcelona to meet Barcelona officials to talk about Alexis Sanchez. They said a price and it was cheaper than we expected to pay," he recalls.
"Did we accept that price? Of course we didn't, we tried to knock them down further!"
Sanchez, fresh from an impressive World Cup campaign with Chile, signed for £35m.
It isn't just the substance of a bid that can cause offence, but the style of an approach.
Law was working for Arsenal, albeit in South America, in January 2005 when Ashley Cole, the club's left-back, met with Jose Mourinho and Peter Kenyon, Chelsea's manager and chief executive, in the Royal Park Hotel in central London. News of the gathering soon found its way into the press.
"What is important - regardless of how you acquire information or the conversations you may or may not have, or should or should not have - is to be respectful of the other club. That is critical," Law adds.
"I think what was so striking about the Cole deal was simply the blatant, in-your-face nature of it.
Ashley Cole eventually arrived at Stamford Bridge from Arsenal in September 2006 in a deal that took fellow defender William Gallas and £5m in the opposite direction
"If you go to a hotel near Hyde Park, in the middle of London and you bring in your manager, who is a high-profile public figure… I just took it as a lack of respect for Arsenal, and if you don't challenge that, what is next?"
Relations between the clubs deteriorated and Chelsea, Cole and Mourinho were all fined. But, 18 months on from the not-so-secret meeting, a deal was done to take Cole to Stamford Bridge.
There is theoretically another option.
Why not dispense with all plotting, low-balling and back-and-forth? Is it possible to enter negotiations with a first, best and final offer, a take-it-or-leave figure that cuts out the nonsense?
In theory, it should be. But transfer business is practised by humans, with quirks and expectations to be satisfied, in a long-established culture.
"The whole point of opening low is so that you move from it," says Hughes. "It is the act of moving which gives the other side a sense of achievement - you want them to feel that they got the best deal they could."