Hi guys, Swansea fan here with a quick update of how the situation appears at our end:
The Sigurdsson deal looks inevitable, but when it will transpire is anyone's guess. At the very least, it won't be completed before August for tax reasons. Our year end accounts are in July, so the idea is that by waiting until August we can delay paying corporation tax until May 2019, a year longer than if the deal had been agreed in July. We did the same last year when our two major outgoings (Williams and Ayew) took place in August. Tax is based on the transaction date, so nothing can be agreed before then or we risk being charged with fraud.
There is also a power struggle at the Liberty with our manager and chairman Huw Jenkins in disagreement with new majority US owners Kaplan and Levien. Clement is allegedly unhappy with the player as he has become a disruptive influence and wants to see the player sold with any funds going towards replacements, with chairman Jenkins in agreement. However, the majority owners seem set on their £50m valuation. The hope was that Sigurdsson would put in a transfer request and forfeit any loyalty bonuses owed to him, but that has failed to materialise. Jenkins has since liaised with the owners and explained that we should compromise on the fee or risk facing a situation similar to Payet with West Ham. The manager is particularly annoyed as we apparently have three deals ready to go through, but won't push ahead until we have agreed a deal with Everton. It is expected that the owners will concede sooner rather than later.
Personally, I think Everton will come back in with a slightly improved offer (maybe an extra couple of million up front) and that should be enough at this stage. Deal would be undisclosed to save face. For what it's worth, I think £50m was a ridiculous valuation and I would've dealt at your second bid of £45m (£40m up front plus £5m in add-ons). Siggy is hard-working, excellent from dead ball situations and a great striker of the ball, but isn't mobile enough to command £50m.