Marcus Bent six figure windfall

[sirbobby]

Marcus Bent joining Charlton for 2.5m and ipswich receiving six figure sell on fee??

[uefacup81]

If it's the 15% sell-on fee that I've heard bandied about, that will give us about 225k

[Ojc]

Thats why the money was given back to Mr Anderson, because Sheepy knew he would be getting this money.

[squiz18]

well if it is 15 % We will get £375,000 which is a heck of alot of money for Ipswich at the moment. We could get a decent player for that amount.

[GavITFC]

Excellant news! at long last the club have actually included a sell on clause and IMO we've got a good return from it!

[the-mole]

I think you will find it is nearer 10% guys - which should still leave us with £250k - now if we are going to sell young McDonald that could leave us with £325 burning a hole in the pocket!!!

Not too bad me thinks!!

[JasperBlue]

According to twtd, the sell-on clause is 10% of any profit so we'll be in line for £205,000.

[Fully]

If it's the 15% sell-on fee that I've heard bandied about, that will give us about 225k

15 % of 2.5m is 375k

[squiz18]

Still quarter of a million aint bad. Its just like winning the coca cola competition. Except the money wont be spent on a new player.
And i dont get 10 grand

[McDonna29]

Still quarter of a million aint bad. Its just like winning the coca cola competition. Except the money wont be spent on a new player.
And i dont get 10 grand

Apparently it's 10% of the PROFIT Everton make that we get.

They paid (I think) £400k for him so we ultimately get 10% of £2.1mil.

However I think Charlton are paying £2mil (80% of the total fee) up front with the rest based upon other "performance" clauses.

Our sell on fee is based on that 80% / 20% split too.

So we will only initially get 10% of 80% of the profit, with 10% of the rest of the profit IF Charlton end up paying that part.

Hope that made sense

Regardless it looks like it'll be £168k for us straight away

(That's 2.5mil - 400k = 2.1mil = Everton's profit
80% of 2.1mil = 1.68mil
10% of 1.68mil = 168k = Our first sell on installment)

[Dazza]

Woah too much maths for this time in the morning. Good news for us though.

[Mork]

You'll probably find that due to the timing of the original sale and our obligations under the CVA, the money is tied into debt repayment, and will go straight to it - Joe won't get a sniff.

[squiz18]

You'll probably find that due to the timing of the original sale and our obligations under the CVA, the money is tied into debt repayment, and will go straight to it - Joe won't get a sniff.

I dont know, the money from his sell on fee wouldnt be guarnteed. He could have stayed at everton and that way we would have got nothing. I dont see how the CVA could count on getting anymoney from a sell on.

[Earl Blue]

Still quarter of a million aint bad. Its just like winning the coca cola competition. Except the money wont be spent on a new player.
And i dont get 10 grand

Apparently it's 10% of the PROFIT Everton make that we get.

They paid (I think) £400k for him so we ultimately get 10% of £2.1mil.

However I think Charlton are paying £2mil (80% of the total fee) up front with the rest based upon other "performance" clauses.

Our sell on fee is based on that 80% / 20% split too.

So we will only initially get 10% of 80% of the profit, with 10% of the rest of the profit IF Charlton end up paying that part.

Hope that made sense

Regardless it looks like it'll be £168k for us straight away

(That's 2.5mil - 400k = 2.1mil = Everton's profit
80% of 2.1mil = 1.68mil
10% of 1.68mil = 168k = Our first sell on installment)

Good to see you have got batteries in your calculator Tom..

[Mork]

You'll probably find that due to the timing of the original sale and our obligations under the CVA, the money is tied into debt repayment, and will go straight to it - Joe won't get a sniff.

I dont know, the money from his sell on fee wouldnt be guarnteed. He could have stayed at everton and that way we would have got nothing. I dont see how the CVA could count on getting anymoney from a sell on.

Quite easily - financially, the potential income would already be factored in as a potential opportunity with a likelihood index as part of a standard approach to good accounting. That'd of been there before the CVA, and hence could be factored into debt repayment when the CVA was drawn up - bet you when if/its announced, the money goes straight on debt.

[Ojc]

Yes, we've spent £400,000 just recently, you don't honestly expect us to get another £200,000 do you?

[the-mole]

Yes, we've spent £400,000 just recently, you don't honestly expect us to get another £200,000 do you?

Man and how excited were we to spend that sort of cash!!!!

Just think back to when we blew £5m at herman like it was peanuts - ah those were the days LOL!!

[hallamblue]

EADT reports £160k with a further £50k add on should CharlTOWN play him beyond so many games ...I reckon Bent will his peak during the next two months for them - keeping them up ..then he'll disintigrate into his usual pile of cack !

[the-mole]

EADT reports £160k with a further £50k add on should CharlTOWN play him beyond so many games ...I reckon Bent will his peak during the next two months for them - keeping them up ..then he'll disintigrate into his usual pile of cack !

Very true!!!

I think what is sad is that Bent had the potential to hit it big in the game. He has the talent of that I have no doubt - but in terms of motivation you gotta seriously question how someone so young has been to so many clubs and goes off form after a certain period.

It seems that the drive and determination just isn't there for some players nowadays and this only helps increase the divide between players and fans!!