[Blue Rodney Fern]

I see Folan can leave for 3mill just out of our price bracket and it looks like Sammy Clingan is going to leicester after turning down Coventry for 700k and these are 2 more of Dave Thompson finds and lets hope he does the trick for Sheridan and co and we will have another good player to watch.

[DIFH]

Blue Rodney Fern, on Jul 12 2009, 08:51 AM, said:

I see Folan can leave for 3mill just out of our price bracket and it looks like Sammy Clingan is going to leicester after turning down Coventry for 700k and these are 2 more of Dave Thompson finds and lets hope he does the trick for Sheridan and co and we will have another good player to watch.

That would be a nice sell on cheque (3 million). These journeymen footballers can be quite a lucrative source of income.

[Sammy Spireite]

Dave In Footie Heaven, on Jul 12 2009, 09:14 AM, said:

That would be a nice sell on cheque (3 million). These journeymen footballers can be quite a lucrative source of income.

with a percentage of Wigan's percentage, and with having to give Leeds a percentage of what we get, won't be much left though!

[Essex_Spireite]

Blue Rodney Fern, on Jul 12 2009, 08:51 AM, said:

I see Folan can leave for 3mill just out of our price bracket and it looks like Sammy Clingan is going to leicester after turning down Coventry for 700k and these are 2 more of Dave Thompson finds and lets hope he does the trick for Sheridan and co and we will have another good player to watch.

3 million! he isnt worth £300,000 let alone 3 million. and this is a good move for clingan, super player who deserves to play for a big club like leicester

[Beelzebub]

Sammy Spireite, on Jul 12 2009, 10:28 AM, said:

with a percentage of Wigan's percentage, and with having to give Leeds a percentage of what we get, won't be much left though!

should be a six figure sum though - not to be sniffed at!

[Sammy Spireite]

Beelzebub, on Jul 12 2009, 01:55 PM, said:

should be a six figure sum though - not to be sniffed at!

without knowing the % sell-ons agreed, lets have a guess at 20% all round and he goes for £3m (can't see it, maybe up to £2m)

Hull get £3m and give Wigan £600k of it

So Wigan get £600K and of that pay us £120k leaving them with £480K (meaning they only paid £270k for him!!)*

Of the £120k we get, we give leeds £24k, leaving us with £96k.

Leeds will have already had 20% of the £750k we got initially for him, and the share of the £1.25m Hull paid for him!!

Edit: * missed the £1.25m Wigan have already got for him, less what they paid us from that! Messy Stuff!

This post has been edited by Sammy Spireite: 12 July 2009 - 01:33 PM

[lindo-spireite]

i dont think we'll get owt, sell on clauses only last for on sale dont they?

[Beelzebub]

true blue, on Jul 12 2009, 03:02 PM, said:

i dont think we'll get owt, sell on clauses only last for on sale dont they?

wrong - the sell on only ends when one of the clubs in the chain doesn't put a sell on in the contract. The deal we had for Folan was Wigan paid £X plus ?% of any future profits, so If Wigan sold him to Hull for £1m plus a percentage of future profit we'd get ?% of the profit Wigan made from the original fee and any later add-ins. A good example of this is the fact that we had to pay Leeds some of the money Hull paid to Wigan to pay to us when Caled moved to humberside.

[lindo-spireite]

Beelzebub, on Jul 12 2009, 03:27 PM, said:

wrong - the sell on only ends when one of the clubs in the chain doesn't put a sell on in the contract. The deal we had for Folan was Wigan paid £X plus ?% of any future profits, so If Wigan sold him to Hull for £1m plus a percentage of future profit we'd get ?% of the profit Wigan made from the original fee and any later add-ins. A good example of this is the fact that we had to pay Leeds some of the money Hull paid to Wigan to pay to us when Caled moved to humberside.

whos saying wigan put a sell on clause in?

[dim view]

true blue, on Jul 12 2009, 03:46 PM, said:

whos saying wigan put a sell on clause in?

'Tis true.
We are/were on the brink of getting another payout when he played x number of games for Hull. Whether x has been reached I don't know.

[DIFH]

Blue Rodney Fern, on Jul 12 2009, 08:51 AM, said:

I see Folan can leave for 3mill just out of our price bracket and it looks like Sammy Clingan is going to leicester after turning down Coventry for 700k and these are 2 more of Dave Thompson finds and lets hope he does the trick for Sheridan and co and we will have another good player to watch.

Although it is quiet on the transfer front at the moment I feel that the manager is looking well into the future with the signings he brings in. I know we have to get promotion to progress but I would bet that there will be big movement for players come January transfer window. By that time he will know who he is going to release potential and contract wise.

[monte]

I though leeds had a 60% sell on!

Thats why we got him for free

This post has been edited by monte: 13 July 2009 - 03:12 PM

[Wooden Spoon]

true blue, on Jul 12 2009, 03:02 PM, said:

i dont think we'll get owt, sell on clauses only last for on sale dont they?

no

monte, on Jul 13 2009, 04:25 PM, said:

I though leeds had a 60% sell on!

Thats why we got him for free

Wasnt that the deal for Niven?

[Beelzebub]

death, on Jul 13 2009, 04:29 PM, said:

no

The sell on clause is in fact a clause saying that the selling club is entitled to a specified percentage of any future profits received by the buying club if they sell him on. This could be profit on the fee itself or any other clauses such as promotion/appearance/international etc. So if each subsequent transfer contains a similar clause a little of the profit will dribble down the line. This will only end if a player is sold at a loss, retires or does not trigger any other clauses.