Callum O'Dowda
- Thread starter Ncnsbcfc
- Start date
99%, just forward it on now to save time.
Based on the dealings of our previous owner, I am going to hazard a guess that no sell on was added, in favour of him making more upfront from the initial transfer. The same can and will be said for Roofe. Snake.
MJB
Level: Les Phillips
(224 Apps, 15 Gls)
Not sure I’m afraid.
Not that you’ll be concerned but I believe much of our sell-on money will go to our previous Chairman as part of an agreement when selling the club.
Therefore the more the better so hopefully Ashton is driving a hard bargain!
Not that you’ll be concerned but I believe much of our sell-on money will go to our previous Chairman as part of an agreement when selling the club.
Therefore the more the better so hopefully Ashton is driving a hard bargain!
RCYellowRC
Level: Callum O'Dowda
(106 Apps, 14 Gls)
Yes there is a sell on fortunately for us!
BarrySpang
Level: Jack Midson
(68 Apps, 15 Gls)
30%
gpalner1
Level: Billy Beechers
(7 Apps)
Just read article that says its 30%, but dont know if it's true. Would be good if correct.
Mellowyellow
RIP
BCFC fans always welcome, it's the gas that smells.
Gutted, thought we were getting him back on loan
£8m seems cheap to me. Good age, international, I’d have thought £10m minimum.
Just hope the club not the previous owner gets the money.
You'd have thought that seeing as COD was developed by the club and not purchased by DE, we would get the money?
- Year of First Game
- 1974
I'll have whatever you've been drinking for breakfast - much as I agree with the sentiment!
Keepitreal
Level: Billy Beechers
(7 Apps)
I believe the sell on is for between 25-30%. I have heard from a few ITK people that Eales gets to pocket most of that as part of his sale to Tiger - a shame if true bearing in mind COD came through our youth ranks, we invested in his development and our current set up could really do with a few million to spend. Not that I think it will happen, but the worse case scenario is COD runs his contract down completely, Eales gets nothing and the lad moves on a free.
If it is true about Eales trousering the SOC on O'Dowda, and IF you want to blame anyone for OUFC not benefitting from it, then look no further than Tiger.
It was he after all who did the deal with Eales when "buying" the club....because he didn't have the bunce up front and couldn't get the deal done any other way.
It's a bit like blaming Kassam entirely for the ridiculous Stadium deal the Merry agreed to....again when he and backers didn't have the money to buy the stadium.
It was he after all who did the deal with Eales when "buying" the club....because he didn't have the bunce up front and couldn't get the deal done any other way.
It's a bit like blaming Kassam entirely for the ridiculous Stadium deal the Merry agreed to....again when he and backers didn't have the money to buy the stadium.
DorsetYelloww
Level: Mateo Corbo
(13 Apps, 8 Yellows, 1 Red)
Presumably even if Eales does get money, it will be another chunk paid towards what is owed overall anyway?
Gary Baldi
Level: Paul Moody
(197 Apps, 75 Gls)
Eales will take the money stated in the agreement with Tiger, up to a certain limit. Presumably the amount of money will be such that it could well clear off what remains and leave something for the club.
Ricey
Level: Jack Midson
(68 Apps, 15 Gls)
My understanding is the money goes to the club not Eales but as and when we get additional income like this from the signings he was involved in we pay a bigger percentage of the debt we owe him back. The money we owe him is a loan so it’s a larger payment off this. So we will get some of the income to re-use in this seasons budget but a large amount of the loan will be paid off. So indirectly we do get all of the money but not all to use it reduces our debt more than anything...
BigAlan
Level: John Aldridge
(141 Apps, 90 Gls)
He will be ill.
Foley
Level: Colin Harrington
(260 Apps, 30 Gls)
The sooner DE is paid the better.
Eales is owed a certain amount of money. Once that is paid OUFC get future payments.
So it is good if this happens for the club.
.... he might develop a mystery illness coinciding with that match?
.... he might develop a mystery illness coinciding with that match?
Neville60
Level: Chris Maguire
(79 Apps, 22 Gls)
And Kassaam had the best of interests for OUFC when he came up with the deal and would have suggested that Merry would be making a mistake not to separate the club from the stadium?
"again"
Ian
Level: Chris Maguire
(79 Apps, 22 Gls)
100% of the money, possibly £2m comes to the club. Great for turnover!
This income must be used to reduce the club's debt - the money owed to DE. Once the debt is cleared, the club will continue to receive 100% of the income from transfers, I suspect with it being used to pay other debts.
This income must be used to reduce the club's debt - the money owed to DE. Once the debt is cleared, the club will continue to receive 100% of the income from transfers, I suspect with it being used to pay other debts.
West Oxon U’s
Level: Phil Whitehead
(238 Apps)
- Year of First Game
- 1975
I’m curious as to how much we still owe to Daryl Eales.
Since Eales departed OUFC, the club has received transfer income from Johnson, Lundstram, Rothwell, Ledson,
Hemmings and add ons from the Kemar Roofe deal to Leeds in July 2016.
The debenture in favour of DE was around £4.2m.
If O’Dowda moves from Bristol C for the kind of money reported
you would like to think the charge in favour of Eales would be largely repaid?
Since Eales departed OUFC, the club has received transfer income from Johnson, Lundstram, Rothwell, Ledson,
Hemmings and add ons from the Kemar Roofe deal to Leeds in July 2016.
The debenture in favour of DE was around £4.2m.
If O’Dowda moves from Bristol C for the kind of money reported
you would like to think the charge in favour of Eales would be largely repaid?
https://www.Oxfordm**l.co.uk/sport/...how-structure-of-oxford-united-takeover-deal/
Whatever the scores on the doors are, Daryl is a wily customer.
MarkG
Level: Steve Basham
(189 Apps, 51 Gls)
Looking at the OUFC 2018 accounts note 8, amounts owed to Ensco in relation to the loan notes (amortised) were £3,494,928. Note 7 has trade debtors of only £2,240,877. Assuming that trade debtors are mostly known transfer fee instalments receivable because you would account for the sale in full even if payments are in stages, that leaves a shortfall of £1.25 million. The players listed above were all sold prior to 30 June 2018, leaving I think only Canice Carroll and Tsun Dai as sales since then.
Depending on how you read it, this balance was a top up for the value of the rest of the squad (Ledson, Nelson etc) who hadn't been sold at Feb 2018 and potential sell-ons, or was part of the purchase price that was agreed to be deferred.
Anyway, the loan notes are due to be paid off in full by some point in 2019, whether by player transfers, or some other means, and the fact the charge is still in place at Companies House suggest it hasn't been cleared yet.
