Although Shearer would last only a year as the world`s most expensive footballer, he remained unmatched for four years as England`s most expensive footballer when Chelsea signed Dutch striker Jimmy Floyd Hasselbaink for 15 million pounds. Later that year, Shearer`s record was permanently eclipsed when Leeds United paid $18 million for Rio Ferdinand of West Ham United. In the summer of 2001, the England record was broken twice in a matter of weeks, both times by Manchester United, who first hired Dutch striker Ruud van Nistelrooy for $19 million and then hired Argentine midfielder Juan Sebastian Veron for $28.1 million. A year later, they again broke the English record by hiring Rio Ferdinand of Leeds United for US$29 million, 11 years after Liverpool paid only a tenth of that amount to pay a record amount of English when they signed Dean Saunders. Players and clubs more frequently enter into preliminary contracts which, according to the wishes of the parties, should lead to the signing of employment contracts when the pre-agreed terms are invoked. Therefore, the parties must be aware of the importance of rights and obligations, the obligations agreed personally or through intermediaries and the consequences in the event of a breach of contract. With regard to the amount of compensation awarded, the group found that the scope of Article 17, paragraph 1 of the regulation is not limited to certain employment contracts, but that compensation for breach of a “preliminary contract” can also be calculated on that basis. Article 17, paragraph 1, of the regulation stipulates “the consequences of terminating a contract without reason in accordance with labour law.” In 2013, English team Watford were granted a five-month transfer suspension for violating football rules between September 2011 and the sale of former owner Laurence Bassini to Giampaolo Pozzo in June 2012. Watford and Bassini have been found guilty of failing to inform football authorities of a financial settlement with a company called LNOC, including their role in Danny Graham`s transfer to Swansea City. [301] During the embargo period, Watford players could still register with the prior permission of league officials.
In order to apply the principle of “positive interest,” the proceeding followed the framework established by a previous CAS group: “In order to calculate the compensation due, the jury must determine the harm suffered by the victim, taking into account the circumstances of the case, the arguments put forward by the parties and the evidence presented. It is obvious that it is the aggrieved person who seeks compensation who bears the burden of the most sufficient allegations possible and who also bears the burden of proof. Since this is compensation for wrongful breach or termination of a valid contract, the valuation authority is governed on the basis of the principle of positive interest (or “waiting interest”), i.e.: