When i was a mod last time round, I opened a similar thread and got little thought out replies, bar what happens in footy manager.
However in the Suarez thread and the Adam thread we have experts in this field who say where we are going wrong, what we should be doing and what is the best way to do things.
Now personally I have a rough idea of how transfers work, but only like I have a rough idea of certain processes i work with, that i do not have to run, just have an idea of how they work.
Obviously you first have to target a player and scout them. Then you have to have an idea of how much you are willing to pay, based on your valuation. This is likely to be very different to the selling clubs, but you have to weigh up, whether the player will adapt, will fit the system, will be able to live happily in the area and will enjoy his time here.
Then you have to think how much you can pay him, then contact the selling club and start to negotiate. At this point it all gets a bit cloudy for me, and I imagine rather complicated, with fees up front, fees based on clauses and so on, as well as agreeing media statements once the deal goes through etc.
Then, though i bet at the same time, you must deal with the agent, again i imagine this is far from straightforward. Then there is the medical, then the final signing.
Seems simple hey, and maybe thats why we have so many experts on here slagging those doing LFC's deals.
Let us not forget that at every step until an agreement has been signed, everything can change in seconds when dealing with people.