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SECTION V: PLAYERS – TRANSFERS OF REGISTRATIONS<br />

to the assignee named in the instruction on the date or dates when it becomes due under the<br />

Transfer Agreement pursuant to which it acquired the registration of the Player.<br />

V.35.<br />

V.36.<br />

An agreement for an International Transfer and a Transfer Agreement with a Transferor Club<br />

which is not in membership of the League or the Football League shall provide that the<br />

Compensation Fee, any instalments thereof and any Contingent Sums payable by the Transferee<br />

Club shall be paid (together with any Value Added Tax payable in respect thereof) to the Football<br />

Association by telegraphic transfer or by such other means as the Board may from time to time<br />

direct for payment to the Transferor Club in accordance with the Football Association Rules.<br />

Upon the happening of a contingent event resulting in a Contingent Sum (including for the<br />

avoidance of doubt, contingent compensation payable pursuant to the Youth Development<br />

Rules) becoming payable:<br />

V.36.1. in the case of an International Transfer, the Transferee Club shall forthwith inform<br />

the Transferor Club in writing to that effect and within 7 days pay such Contingent<br />

Sum in accordance with Rule V.35;<br />

V.36.2. in every other case, the Transferee Club shall forthwith inform the Transferor Club<br />

to that effect on Form 32 and within 7 days pay such Contingent Sum in<br />

accordance with Rule V.29.<br />

<strong>PREMIER</strong> <strong>LEAGUE</strong> RULES: SECTION A V<br />

V.37.<br />

If any Transferee Club acts in breach of Rules V.29 or V.32 to V.36 inclusive:<br />

V.37.1. the Board shall have power to refuse any application by that Transferee Club to<br />

register any Player until any sums then payable to its Transferor Club are paid;<br />

V.37.2. the Board shall have the power set out at Rule E.28;<br />

V.37.3. the Board shall have power to impose a penalty in accordance with the tariff of<br />

applicable penalties which it shall from time to time notify to Clubs;<br />

V.37.4. that Transferee Club shall pay to its Transferor Club interest on any part of a<br />

Compensation Fee or Contingent Sum not paid on its due date at the rate of 5 per<br />

cent over the base rate from time to time of Barclays Bank Plc from that date until<br />

the date of payment together with such other penalty as the Board in its discretion<br />

may decide.<br />

Transfer Levy<br />

V.38.<br />

V.39.<br />

V.40.<br />

Subject to Rule V.39, upon payment of a Compensation Fee, a Contingent Sum or a payment<br />

made pursuant to Rule U.39, a Club shall forthwith pay to the League a levy equal to 4 per<br />

cent. of the sum paid (net of any Value Added Tax) and in the case of a Compensation Fee<br />

payable by instalments, the levy upon the whole of it shall be paid as aforesaid upon the<br />

Transferee Club applying to register the Player to which it relates.<br />

Levy shall not be payable on a Loan Fee unless the registration of the Contract Player who is<br />

the subject of the Temporary Transfer is transferred on a permanent basis from the Transferor<br />

Club to the Transferee Club during, or within four months of the expiry of, the Temporary<br />

Transfer, in which case a levy equal to 4 per cent of the aggregate of any Loan Fee and<br />

Compensation Fee shall be paid to the League.<br />

The sums received by the League by way of levy shall be used to pay premiums due under the<br />

Professional Footballers’ Pension Scheme and any surplus shall be added to the Professional<br />

Game Youth Fund.<br />

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