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A buyout clause or release clause refers to a clause in a contract that imposes an obligation on another organisation wishing to acquire the services of the employee under contract to pay the (usually substantial) fee of the clause to the organisation which issued the contract and currently employs the employee.
Promotion and relegation is used in international sports leagues such as in Europe, and many other parts of the world.It may be used in international sports tournaments. In tennis, the Davis Cup and Billie Jean King Cup have promotion and relegation, with a 'World Group' (split into two divisions in the Billie Jean King Cup) at the top and series of regional groups at a lower leve
After playing every minute of 43 league appearances in the 2019–20 season and missing only three matches due to suspension, Lockyer triggered a relegation release clause in his contract in August 2020, allowing him to join another club for free.
Livingston midfielder Jason Holt will leave the West Lothian club at the end of this season due to a relegation clause in his contract. The 31-year-old joined Livingston from Rangers in 2020, and ...
Tyler Adams will be staying with Leeds United for the foreseeable future after all.
Following relegation in the 2023–24 season, local media reported that Johansson had a £1 million relegation release clause in his contract. [16] As a thank you to the Rotherham United fans, Johansson paid for 600 free pints of beer prior to the club's last game of the season against Cardiff City. [16]
This is a list of association football clubs with multiple consecutive promotions or relegations. For an association football club to achieve three consecutive promotions is somewhat rare, to achieve subsequent further promotions even rarer. Many football league systems are organised in a pyramid system, allowing league champions and, in many ...
Often, the buy-back clause is included with another right of first refusal clause, whereby if any third club offers to purchase a player from his current club (second club); the former club of the player (first club) which had previously included the buy-back clause, is able to match any financial offer (made by any third club) to purchase the ...