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Gus off to Hull
Posted: 31 Jan 2018, 19:50
by happytorq
Yorkieandy wrote: ↑31 Jan 2018, 09:41
I see what you are saying Plainmoor78 but CO wasn't the owner at the time so shouldn't benefit. The player was developed, sold and had left BEFORE CO bought the club so CO has had no input into paying the players wages etc etc so shouldn't get a penny.
[highlight=yellow]Any player that is sold whilst CO is in charge then that money deservedly should go back to CO to do what he sees fit with it which is unlikely to be to the benefit of TUFC.[/highlight] I would propose that each club has a trust fund set up where monies from past sell on clauses can be set aside and not permitted to be touched by owners who weren't in charge when the player(s) were at the club and sold.
I'm confusing myself now
but hopefully someone will be able to see what i'm trying to say. Whether it would be a good idea or not i don't know but i think it would be a fair idea.
Trust isn't necessarily a bad idea, but probably pretty unworkable.
When you buy a business, you buy all of their liabilities and their assets and you have to deal with both when they arise. a 15% sell on fee is an asset, and as the current owner, Osborne is the one that gets it. If he chooses not to use it to improve the team, that's his decision (and also another sad idictment on the lack of oversight that went into the sale). Putting that into a trust means that the owner wouldn't really own everything, which makes it hard to sell the club.
Gus off to Hull
Posted: 01 Feb 2018, 09:47
by Gloomy Gull
If the BBC Transfer news is to be believed it looks like the move happened ......undisclosed sum!!
Wonder how much TUFC will receive .......expect that to be undisclosed as well !!!
Gus off to Hull
Posted: 01 Feb 2018, 10:29
by SuperNickyWroe
Gloomy Gull wrote: ↑01 Feb 2018, 09:47
If the BBC Transfer news is to be believed it looks like the move happened ......undisclosed sum!!
Wonder how much TUFC will receive .......expect that to be undisclosed as well !!!
Er, think this was mentioned yesterday GloomyGull on the previous page...... :}
May I say a warm welcome to Earth and the land of the living!
Gus off to Hull
Posted: 01 Feb 2018, 11:43
by Gloomy Gull
SuperNickyWroe wrote: ↑01 Feb 2018, 10:29
Er, think this was mentioned yesterday GloomyGull on the previous page...... :}
May I say a warm welcome to Earth and the land of the living!
Thank you for the warm welcome Earthling !!!
Gus off to Hull
Posted: 03 Feb 2018, 09:31
by exilegull
Transfer fee is believed to be £800k so Torquay will receive about £100k.
I had hoped the fee would be higher
Gus off to Hull
Posted: 03 Feb 2018, 09:35
by Yorkieandy
Excellent.
No excuses for not clearing the paltry debt outstanding for the disabled supporters roof then. As promised. :~D
Gus off to Hull
Posted: 05 Feb 2018, 10:19
by SuperNickyWroe
Apparently, the transfer fee was £850,000.
So we should be due £112,500........
Gus off to Hull
Posted: 05 Feb 2018, 10:47
by Southampton Gull
£127,500 where I went to school.
Gus off to Hull
Posted: 05 Feb 2018, 10:57
by Yorkieandy
Oh. Private then was it?
Gus off to Hull
Posted: 05 Feb 2018, 11:01
by Jerry
Wasn't it 15% of any profit? If we sold him for the reported £100,000 then 15% of £750,000 is £112,500. So, as hard as it is to believe, SNW may be correct.
Gus off to Hull
Posted: 05 Feb 2018, 11:33
by Southampton Gull
My information was it was 15% of the sell on fee, not profit but I doubt the manager will see any of it anyway.
Gus off to Hull
Posted: 05 Feb 2018, 12:43
by SuperNickyWroe
Yorkieandy wrote: ↑05 Feb 2018, 10:57
Oh. Private then was it?
Borstal.
Obviously.
Gus off to Hull
Posted: 05 Feb 2018, 12:45
by SuperNickyWroe
Jerry wrote: ↑05 Feb 2018, 11:01
Wasn't it 15% of any profit? If we sold him for the reported £100,000 then 15% of £750,000 is £112,500. [highlight=yellow]So, as hard as it is to believe, SNW may be correct.[/highlight]
Charming.
And rude. =D
I also refer the right honourable gentleman to the below in my signature quoted by Brucie.....
Gus off to Hull
Posted: 07 Feb 2018, 12:06
by Tired Old Gull
This will come in useful - if we see any of it!
Gus money