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.
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.
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.
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...