Airton Risk Management, one of sports’ leading risk management services, has announced it will launch an impartial guide detailing the implications of the English Football Association’s (FA) new ‘Bonus Insurance Schemes’ policy at the Soccerex European Forum in Manchester on Wednesday.
The policy is seen as a significant step for the FA as it opens the way for UK clubs to insure bonuses against positive outcomes. This means, for example, that Liverpool could protect its liability for Luis Suarez performing beyond expectations or Queens Park Rangers could do likewise for manager Harry Redknapp’s payday if the team avoids relegation.
Airton is launching the guide in the belief that not only do too few clubs know about and understand the power of the policy but fewer still appreciate that it carries a deadline – any indemnities pertaining to player bonuses need to be put in place by clubs in time for the August transfer deadline.
Rod O’Callaghan, director of Airton Risk Management, said: “Football clubs across Europe are facing tougher margins in an extremely hostile economic environment, so we find it amazing that a move as significant and helpful as the Bonus Insurance Scheme should go so far under the radar. The FA has put something of real value in place that clubs would probably take advantage of, if only they knew about it. There is value indemnifying against bonuses as low as £50,000 but to take full advantage of the new policy, clubs should be thinking about what they can do now. The August transfer deadline sounds a distant prospect but clubs need to get their act together to take full advantage of benefits the new policy brings.” Airton Risk Management will be available for interview and comment at the Soccerex European Forum on Stand 177.