FiNeRaIn So not even 40k? Lovely stuff. Complete waste IMO. Anyone who looks top draw at a young age will get poached by the prem. Utterly diabolical this went through and completely anti-football.
For information only, those compensation rates are for each year that the trainee has spend at the lower-category academy, not the total compensation price. There is also additional compensation based on later appearances made and a share of future transfer fees.
Other pieces of information relevant to this debate are that the costs of a Category One academy (no such thing as "Category A") are estimated at £2.25M a year in year one, rising to £2.5M in year four. EPPP has only been agreed for a four-year period from Oct 2011. For a Category One academy, The Premier League will provide grant funding of 33% for this period.
A Category One academy is exempt from the 90-minute rule as long as they provide residential and educational facilities. These don't need to be on-site, they can be done in partnership. Some clubs are expected to open "free schools" using new legislation.
Under EPPP clubs, can offer promising players a Scholarship Contract at age 14 - this exempts them from EPPP compensation rates by treating any subsequent move - at any age - as a transfer. Academies also have the option of "creating a market" for young player's they're likely to lose - thus starting a bidding war and getting more money than they would just with EPPP compensation.
It was estimated in October at the time of the FL vote that there would be no more than 10-12 Category One academies, but as this is brand new no-one actually knows.