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

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

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

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.

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

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!!

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

uefacup81 wrote: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

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

squiz18 wrote: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)

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

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.

Mork wrote: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.

McDonna25 wrote:

squiz18 wrote: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..

squiz18 wrote:

Mork wrote: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.

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

Ojc wrote: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!!

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 !

hallamblue wrote: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!!