Scotchegg
Well-known member
- Joined
- 14 Dec 2017
- Messages
- 13,886
But the terms of the loan notes are that all payments in respect of the transfer of the registration of players get paid into the charged bank account until the secured debt is paid off. If you read my post #30 above, I don't think we will have yet received enough cash from transfer fees to pay off the debt, so a sell-on (if there is one at all) does go into the account controlled by Ensco.
To put it in simple terms, if you bought a car from your mate for £4000 and agreed to pay £2000 up front and £500 a month for the next two months on pay day, you would still owe £1,000.
I get that and I overly simplified the example. The point I was making is that we won't suddenly owe any more to DE than originally agreed, and that the debt will exist regardless of players being sold on. I think the belief is that anyone at the club prior to April 2018 is the sole property of DE and any transfer fees will come his way.