If we've learnt anything over the past few years, it's that Football Index are never afraid to try something new in an effort to further enhance the appeal of the product. The latest new offer announced by Football Index is the addition of 'Transfer Window Dividends'.
The offer which runs from 13 January until transfer deadline day on 31 January 2020 will be paying out dividends based on footballers making transfers and loans during the transfer window.
Dividends are awarded as 10p per share for any player making a permanent transfer and 5p per share for any player making a loan move. There are some important terms and conditions to note and be aware of though as we'll cover next.
Firstly, dividends will only be paid to players who are priced at £1.00 or more at 23:59:59 on the day the transfer is confirmed.
Players must also move from and to a top 5 European league club to be eligible.
Free agents are not eligible and players who sign Bosman pre-agreements to join a club in the summer are also excluded.
You must purchase shares in a player the day before a player is transferred and is only available to shares purchased from the 13th of January onwards.
As we've seen in the past, a common trading tactic has been to speculate on players who might be joining bigger clubs or moving to Match Day Dividend eligible leagues. For the most part, this has been with an eye on potential Media dividends or the prospect of better Match Day chances. And of course, there is often capital appreciation on a player's value as the transfer rumour mill gather pace.
However, when it comes to seeing a dividend return on a lot (if not most) transfer related holds, it's only really the biggest transfers that earn Media dividends due to only being one winner (or three on the increasingly occasional Media Days) each day. This then adds an extra dimension of possibility for traders to purchase some players with a much higher chance of a dividend return on many more players.
It's very important to be aware of the above highlighted terms and conditions (also be sure to read them in full in the link below) so as not to get caught out. History has also shown that often a player's value tends to drop off once a transfer has been completed, so traders will need to be aware of any impending drop that could erase incoming dividends.
But overall, this seems like a good idea by Football Index and should offer a nice extra bit of interest during what is already a pretty hectic month. It's a shame that this offer wasn't announced before January so that the whole month was eligible, but we guess that this will serve as a decent two week trial for a potential return in the summer transfer window.
For full terms and conditions of the offer, click on the link below.
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