According to Mohamed Salah’s lawyer and adviser, the footballer’s deal with Liverpool has set him on track to earn at least £1 million per week. According to a study conducted by Harvard Business School (HBS) and obtained by the Guardian, Ramy Abbas Issa stated that this figure was a “conservative” estimate of the forward’s earnings.
In addition, Abbas and Salah reveаl how close the club came to losing its highest-paid player before he signed a new contract on July 1, 2022, which extends his current contract to July 1, 2025.
Salah states in the study that talks with Liverpool “broke down entirely” by June of 2022, making it unclear whether he would be staying with the club past 2020.
Last week, before playing West Ham at home in the Premier League, this was the scene in the Liverpool locker room.
With the sale of its Liverpool minority holding, FSG has concluded its investment Һunt.
As Abbas put it, “When you have put your requests on the table and you don’t get anything you’ve asked for, you have to start thinking about parting ways.”
For the sake of the research, Abbas and Salah consented to be quoted as though their statements had been spoken during the actual contract negotiations. Salah is cited as saying, “I have been hopeful about the negotiations from the beginning, but now that Ramy tells me they have not agreed to anything we requested, I see things differently. It’s hard to get a deal done, but I feel that the club and I are both invested in my continued employment here.
The Harvard Business School’s (HBS) business of entertainment, media, and sport programme, directed by professor Anita Elberse, has featured Mohamed Salah’s contract renegotiation. Together with one of her students, Taher El Moataz Bellah, she delved deeply into the workings of the Salah arrangement; both Abbas and Salah agreed to sit for interviews.
On Monday, Abbas will give a presentation to MBA students enrolled in the semester-long edition of the course. Many notable people in the world of football will be attending the four-day executive version. Players like Gerard Piqué, Kaká, Edwin van der Sar, and Clarence Seedorf have all attended this tournament in the past.
The case studies presented by Elberse tell a tale and stimulate classroom discourse. Their endings are often abrupt and leave the reader hаnging, as in the case of Abbas and Salah’s phone conversation in June 2022, just before Abbas made his final, game-changing counteroffer to Liverpool. Abbas was vacationing in Dubai, while Salah jetted out to the Red Sea resort of El Gouna, Egypt.
Abbas’s thoughts on the negotiations just before he made that counter-offer are included in the report. There is still a great chasm between us. We’re asking for 5% more than they’re ready to pay, but Mohamed isn’t going to throw away his contract over that.
Then Abbas drops the bombshell line that illuminates the true scope of Salah’s one-man show.
If Liverpool can be convinced to pay the wage we’ve proposed and Mohamed maintains the level of play he has shown in previous years, then we may be able to pull this off. To quote Abbas: “We conservatively expect the total amount received by Mohamed and the image rights companies over the next few years from both his playing contract and his image rights contracts to be somewhere between €54m [£46.8m] and €62m [£53.7m] per year.”
Salah’s words serve as the final words of the study. He feels that renewing his contract with Liverpool would be a major accomplishment for him. But we must proceed properly. Throughout my work, I’ve learnt that it’s crucial to put resources into both your body and mind if you want to achieve your goals. That’s the case not only on the field, but in everyday life as well. You need to keep your cool under intense scrutiny.
There is no mention of the nature of the deciding meeting, although it is public knowledge that Salah’s contract was revealed rapidly. That is to sаy, everything went swimmingly, and the reader is left with the impression that Liverpool conceded to Abbas’s requests.
The study does not reveаl how much Salah is being paid by Liverpool. Club insiders estimate that he makes significantly more thanks to endorsement deals with companies like Adidas, the Bank of Alexandria in Egypt, PepsiCo, Gucci, and Mountain View, among others.”Now, Mohamed’s endorsements are [each] in the €4m [£3.5m] to €7m [£6.1m] range – him joining Liverpool was a game-changer,” Abbas says, making it explicit how Salah’s successful association with the club has resulted in a hugely lucrative playing contract and also helped to drive other revenue streams. It’s not hard to imagine that if Salah helps Liverpool win and gain more attention, he’ll get paid more in his contract negotiations with other teams.
The study concludes that variable remuneration based on performance is essential. Liverpool pushed for a larger portion of the variable compensation that is tied to Salah’s starts, goals, and assists as a central concern in the renegotiation of Salah’s contract. Abbas retorted that increasing the proportion of variable costs to those of fixed costs had to improve the deal’s worth significantly. “I know this would make Mohamed’s contract the highest value contract in Liverpool history, but he is worth it,” Abbas argues.
According to Abbas, “certain team performance bonuses Mohamed receives should be, as Liverpool would prefer, dependent on him scoring a certain number of goals or providing a certain number of assists,” and this is just one example of the complexities that arise when considering the various ways in which the bonuses could be structured. The complexities don’t end there, though, since there may be conflicts between Salah’s personal image rights activities and club sponsorships, and the extent to which Liverpool is able to exploit them.
Something else that sticks out is the trust that exists between Abbas and Salah, which is something that is often remarked about at Liverpool. A non-family member without any other clients representing a global superstar is an extremely unusual occurrence.
In 2015, while Salah was playing for Chelsea, he and Abbas, who was born in Colombia but reared in the United Arab Emirates, happened to cross paths. Abbas was a member of Juan Cuadrado’s management team. Salah’s colleague on Chelsea was Colombian winger Juan Cuadrado.
Salah recounts, “I remember meeting Ramy and he spoke to me in Arabic. He was there with Cuadrado.” At first, I was confused: how could a Colombian be speaking Arabic? Therefore, we began to talk to one another.
Abbas ended up advising Salah on his loan move from Chelsea to Fiorentina, and things have progressed from there. We must conclude with one last observation. Salah has come a long way since he signed his first professional contract at the age of 13 with the Cairo club Al Mokawloon for 125 Egyptian pounds ($3.32) per month.