Not sure where this story of us funding Hooiveld to play for Millwall originated but I don't think there's any truth in it. The normal format for a season long loan is that the club who loans the player agrees a deal with the parent club (for example City paid 50% of Elmander's wages last season). However, if the loan is cancelled by mutual agreement, which is what I understand to be the case here, then any new agreement is between the parent club and the club now taking on the loan, so if Millwall can't afford him it's their tough luck and not City's problem.
I suspect the problem would be that we have a contract with Southampton to pay a % of Hooiveld's wages for the duration of this season. We are liable to pay Southampton that money, even if we and Hooiveld agreed to part ways.
If we terminated his loan Southampton would be within their rights to loan him out again, even if we owed them money under terms of the initial deal. So it would be in our interests to agree a deal with Millwall and Southampton whereby whatever Millwall are able to pay is deducted from what we are liable to pay Southampton?
If Hooiveld and Norwich mutually agreed to terminate his season long loan, that doesn't mean that Southampton are going to let us off paying whatever it is that we agreed to pay for him. So as an example:
- On £15k a week at Southampton
- Goes to Norwich on loan, we agree to pay £8k a week to take him on loan for the season.
- Hooiveld and Norwich agree to part ways, but Southampton still want their £8k a week for the duration of the season.
So we can.....
1. Send him back but continue to pay that £8k a week, Southampton can then loan him out again if they wish.
2. Allow him to go to Millwall who are willing to pay Southampton £4k a week, on condition that Southampton reduce the amount we owe to them by £4k a week.
It makes sense that we'd be involved in negotiations here. Southampton don't have to do us any favours.