If we do want to use him but can't because of this "play ten games as get screwed for UEFA FSR" rumour, I don't really see why Elliott agreed to this.
22 years old, keen to leave one of the biggest clubs in the world just to get more time on the pitch, plenty of decent clubs keen to sign him. Was our pitch to him that he should join us to barely be used at all for the first half of the season just to help our books work out?
If this whole structure is simply for the benefit of our accountancy periods, why didn't everyone agree to a half season loan and we can look at signing him in January and use him as we want for the first half of the season?
The only argument that I can think of is because Liverpool might want more of a guarantee of a pre-agreed sale - but what they now have is an asset who is losing value by sitting on our bench, still with no guarantee that we buy him.