£4m up front for Brooks

[Wards]

Surely it makes financial sense holding onto payments as long as possible I.e. cash flow/accumulation of interest, rather than shoving £12 million over in one go.

I’m sure we do exactly the same.

 

[Nicolaus_Copernicus]

As a general point, it might the way things are done, but it’s alway a risk losing ownership of an asset when full payment has not been made. Southampton found that with Theo Walcott. Also, as the seller you are selling at the present value of money & excepting payment with the future value, without adding interest for the privilege. Innit.

 

[Bladesince59]

I’l hope not. Splitting £12m into three payments is one thing, asking Southend or such like, if we can do the same with £500k is a bit embarrassing.

Not when we don't have any dosh.

 

[ChipButtyBlade]

Bournemouth bought Brooks on the never never well i never.

 

[Sean Thornton]

As a general point, it might the way things are done, but it’s alway a risk losing ownership of an asset when full payment has not been made. Southampton found that with Theo Walcott. Also, as the seller you are selling at the present value of money & excepting payment with the future value, without adding interest for the privilege. Innit.

What was the issue with Walcott?

The rules ensure, in fact more or less guarantee, that all football debts must be honoured, even in a liquidation scenario.

Unless I'm missing your point.

 

[I should coco]

What was the issue with Walcott?

The rules ensure, in fact more or less guarantee, that all football debts must be honoured, even in a liquidation scenario.

I think Arsenal were offered a discount by the Saints to settle early, so they didn't pay the full agreed fee.

It happens quite often i believe, especially with cash strapped lower league clubs.

 

[South Bucks]

Our two owners have on average been putting in 2 or 3 million each every year in the form of buying shares, all in companies house documents. They've put in about 17 million each since 2013.

The last injection was in June 2017, no evidence of any since nor do I expect to see any so the first Brooks payment of £4m or whatever is probably just a part substitute for such a routine injection to keep us going.

Hence I'm not expecting us to spend much at all in the transfer window, probably not as much as last summer, the court ruling details give the game away.

It also show Kev was offering quite a good deal to HRH effectively by only asking for £5m when he'd put in £17m since 2013.

 

[Nicolaus_Copernicus]

I think Arsenal were offered a discount by the Saints to settle early, so they didn't pay the full agreed fee.

It happens quite often i believe, especially with cash strapped lower league clubs.

Fair play, ISC, for identifying my point.

My remembrance was that Arsenal agreed a staged payment deal with add ons, and the. managed to pay £3m less for him by agreeing to settle early, when Southampton were struggling financially.

 

[Jonboy60]

Makes sense. Can't imagine clubs have bank accounts with £100m in. You have to move your assets around to release cash

Or move your assets around, not to release cash.

 

[Carlton Blade]

Or move your assets around, not to release cash.

?? I might be being thick but I don't know what you mean

 

[Jonboy60]

?? I might be being thick but I don't know what you mean

Sorry CB, was thinking along the lines of the prince moving his shares, to get a better deal out of km for the buy-out.

 

[Carlton Blade]

Sorry CB, was thinking along the lines of the prince moving his shares, to get a better deal out of km for the buy-out.

No worries. About 10 seconds after I replied I figured it out. Brain runs at Royal Mail pace

 

[SUFC Guy]

Ah, just love another opportunity for a club bashing session

When will people learn (from outside of football) to let people who are inside of football to just get on with it?

 

[I should coco]

Fair play, ISC, for identifying my point.

I think Sean Thornton knew the point well too, but he was just playing for time.

He wanted to check the accounts to launch into another defence of McCabe, so used this as a clever time wasting ploy.

 

[Sean Thornton]

I think Sean Thornton knew the point well too, but he was just playing for time.

He wanted to check the accounts to launch into another defence of McCabe, so used this as a clever time wasting ploy.

I was playing for time trying to get a Dogs at the Lane quip in.

 

[BladeFisher]

“It’s how all transfers work” - £4m ffs.

Shafted up the jacksie by fuckin Bournemouth.

Still, at least we have a club

..... for the moment.

 

[Isar]

Ah, just love another opportunity for a club bashing session

When will people learn (from outside of football) to let people who are inside of football to just get on with it?

We are still learning that people inside football often make mistakes, I did read somewhere about some court case going on because someone dropped a bollock in some details somewhere.
But I do get your point about experienced transfer systems\dealings.

 

[itsinyerblood]

Normal transfer is normal.

The proposed and supposed deal was explained in the link I posted on this thread - https://www.s24su.com/forum/index.php?threads/ownership-developments.64814/

As is a potential budget and that the Prince argues we don't need to spend owt on players to not go backwards.

I assume your comment about the Prince is accurate, reflecting his view that we don't have to buy new players in order to escape sliding down the Championship?
If so, god help us if the Prince ever takes control.

 

[BushBlade]

I assume your comment about the Prince is accurate, reflecting his view that we don't have to buy new players in order to escape sliding down the Championship?
If so, god help us if the Prince ever takes control.

1. There is disagreement as to whether such expenditure on new players is necessary or discretionary. Sheffield says that in real and practical terms it is necessary, to maintain and improve the standards of the football club and its prospects of further promotion and to honour an assurance previously given to the club's manager that an additional £2 million would be available in the transfer window to improve the squad. UTB says that in purely financial terms it is not necessary and that in any event the cash flow properly analysed does not show that the injection of further capital is needed to fund such expenditure.

 

[Sean Thornton]

1. There is disagreement as to whether such expenditure on new players is necessary or discretionary. Sheffield says that in real and practical terms it is necessary, to maintain and improve the standards of the football club and its prospects of further promotion and to honour an assurance previously given to the club's manager that an additional £2 million would be available in the transfer window to improve the squad. UTB says that in purely financial terms it is not necessary and that in any event the cash flow properly analysed does not show that the injection of further capital is needed to fund such expenditure.

So A Judge is saying McCabe says more money is needed to go forward whilst HRH says it's not necessary.

Is there really not a preferred option here?

 

[itsinyerblood]

1. There is disagreement as to whether such expenditure on new players is necessary or discretionary. Sheffield says that in real and practical terms it is necessary, to maintain and improve the standards of the football club and its prospects of further promotion and to honour an assurance previously given to the club's manager that an additional £2 million would be available in the transfer window to improve the squad. UTB says that in purely financial terms it is not necessary and that in any event the cash flow properly analysed does not show that the injection of further capital is needed to fund such expenditure.

Apologies Bush, I'm not up on who owns which legal asset, but the assumption is that what you refer to as UTB is owned by the Prince?

If this is so, we seem to be following a completely different path to most every club who has aspirations, that to progress we need to invest. I understand that in hard times this may not be possible, but I'm lead to believe that we're currently slightly better off than many clubs. Correct me if it's necessary, but I repeat what I've said, the Prince appears to think that progress is possible without investment.

 

[Maidenhead]

But Hey we might also buy a player with a small down payment

Bourmemouth COMMIT to the agreed "down payment" but actually pay it in installments.

It's the way teansfer business is done.

Just because we don't get all the £12m now it doesn't mean we cant commit to spend it over a similar 3 yr period.

 

[BushBlade]

So A Judge is saying McCabe says more money is needed to go forward whilst HRH says it's not necessary.

Is there really not a preferred option here?

No, it’s just a summing up, not an analysis.

 

[BushBlade]

Apologies Bush, I'm not up on who owns which legal asset, but the assumption is that what you refer to as UTB is owned by the Prince?

If this is so, we seem to be following a completely different path to most every club who has aspirations, that to progress we need to invest. I understand that in hard times this may not be possible, but I'm lead to believe that we're currently slightly better off than many clubs. Correct me if it's necessary, but I repeat what I've said, the Prince appears to think that progress is possible without investment.

It’s a cut and paste from the court transcript. ‘Sheffield’ is KM, ‘UTB’ is the Prince.

 

[Sean Thornton]

No, it’s just a summing up, not an analysis.

Isn't that the crux of the matter?

 

[Sean Thornton]

Apologies Bush, I'm not up on who owns which legal asset, but the assumption is that what you refer to as UTB is owned by the Prince?

If this is so, we seem to be following a completely different path to most every club who has aspirations, that to progress we need to invest. I understand that in hard times this may not be possible, but I'm lead to believe that we're currently slightly better off than many clubs. Correct me if it's necessary, but I repeat what I've said, the Prince appears to think that progress is possible without investment.

UTB is the Princes LLP based offshore.

Who controls offshore UTB2018 is anyone's guess.

 

[itsinyerblood]

UTB is the Princes LLP based offshore.

Who controls offshore UTB2018 is anyone's guess.

Ah, so a mystery withing a conundrum within.........

 

[Sean Thornton]

Ah, so a mystery withing a conundrum within.........

It's like Woolhouse and the Strange case of the locked drawer and the disappearing cup ticket money.

 

[Deleted member 1486]

I'd like to see us do is to insert perpetual sell on clauses into contracts as a way of playing a bit more hardball, not many teams will go for it but think on the Maguire deal if we'd now got even 5% of his next fee as a sell on, we'd be laughing and Leicester could add this to the transfer price to cover themselves.

That's completely unworkable. You have only have a contract of sale with club you're selling to.

 

[blade789]

So we've sold our best prospect since 50% of the current England back 4, to a mega rich premier league club... And we've sold him on a fucking finance deal??

Is there any wonder people get pissed off when United sell their best players when this is the kind of wank deal we get, time after time?

Did the guy organising these deals also formerly run Northern Rock?

Astonishingly poor, even for United...

99.9% of transfer deals are on 'tick'. Its how the market works.