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Gael signs contract extension! (1 Viewer)

  • Thread starter Oliiiiiiiiiiiiiiiiiiiiiii
  • Start date Aug 8, 2011
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Oliiiiiiiiiiiiiiiiiiiiiii

New Member
  • Aug 8, 2011
  • #1
http://www.ccfc.co.uk/page/NewsDetail/0,,10269~2413841,00.html

COVENTRY City midfielder Gael Bigirimana has signed a 12-month extension to his current professional contract with the club.

The 17-year-old, who made his full league debut for the Sky Blues in their opening day league fixture with Leicester City on Saturday, August 6, initially signed his first professional deal with the club in July 2011 to June 2013.
Bigirimana, a graduate of the club's academy set-up, has now penned an extension to his current contract which runs to June 2014.

Coventry City manager Andy Thorn said: "I'm delighted Gael has decided to sign this new deal.
"He has acquitted himself extremely well since his step up to the first team, he fully deserved to make his league debut at the weekend and this extension shows how highly we regard him."
Click to expand...
 

cornoccfc

Member
  • Aug 8, 2011
  • #2
Great news, and the board should be applauded for sorting out an extension so quickly!
 
C

CovScott88

New Member
  • Aug 8, 2011
  • #3
Wow, have we ever moved so quickly?! Excellent news. Him and Conor are the future!!
 
D

Dinyull

New Member
  • Aug 8, 2011
  • #4
More contracts handed out to current players in the past week than the rest of their time here - what are SISU up to?!?!
 

cornoccfc

Member
  • Aug 8, 2011
  • #5
Dinyull said:
More contracts handed out to current players in the past week than the rest of their time here - what are SISU up to?!?!
Click to expand...

probably learnt a lesson from letting too many players enter their final 12 months and then run it down to leave on a free
 

shmmeee

Well-Known Member
  • Aug 8, 2011
  • #6
That or they're boosting the clubs assets on paper so the books look better for potential buyers/investors. Either is good news IMO.
 

Nick

Administrator
  • Aug 8, 2011
  • #7
Great News

Surely the longer the contract the more he is worth too?
 

Astute

Well-Known Member
  • Aug 8, 2011
  • #8
Maybe Liverpool have been sniffing around our youth players again.
 
A

akira1984

New Member
  • Aug 8, 2011
  • #9
Nick said:
Great News

Surely the longer the contract the more he is worth too?
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SISU wish, just means they can command a fee next summer if they're still here. I hope to god they have long been ousted
 
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Dinyull

New Member
  • Aug 8, 2011
  • #10
shmmeee said:
That or they're boosting the clubs assets on paper so the books look better for potential buyers/investors. Either is good news IMO.
Click to expand...

Wasn't this covered last week, the general feeling was that home grown players went down as being worth £0. Someone had studied it at Uni, seen Man U's books and saw Scholes, Giggs etc down as £0.
 

SkyblueSavage

New Member
  • Aug 8, 2011
  • #11
Biggie G signs extension

Apologies for the gangster name... I quite like it though! Got to be good news, right?!

http://www.ccfc.co.uk/page/NewsDetail/0,,10269~2413841,00.html
 

shmmeee

Well-Known Member
  • Aug 8, 2011
  • #12
Dinyull said:
Wasn't this covered last week, the general feeling was that home grown players went down as being worth £0. Someone had studied it at Uni, seen Man U's books and saw Scholes, Giggs etc down as £0.
Click to expand...

Fair point, I thought that player contracts had a value though, could be wrong.

Also (@akira), would make no difference to next summer as his contract still had two years to run, but who needs facts when we're SISU bashing eh?
 

skybluesben

New Member
  • Aug 8, 2011
  • #13
Great news!
 

SkyblueSavage

New Member
  • Aug 8, 2011
  • #14
Oops... Didn't see this thread! Just started a new one on the same subject! Idiot!
 

shmmeee

Well-Known Member
  • Aug 8, 2011
  • #15
EDIT: Thread moved, making me look like an even bigger arse.
 
Last edited: Aug 8, 2011

skybluesben

New Member
  • Aug 8, 2011
  • #16
Up and running here:

http://www.skybluestalk.co.uk/threads/10381-Gael-signs-contract-extension!

Still great news for us!
 

Nick

Administrator
  • Aug 8, 2011
  • #17
Merged them together
 

rob9872

Well-Known Member
  • Aug 8, 2011
  • #18
Players contracts are included in the accounts. In fact if you look at our BS, they are our only real asset
 

skybluesben

New Member
  • Aug 8, 2011
  • #19
Cheers nick!
 

spwaverley4916

Active Member
  • Aug 8, 2011
  • #20
good news - but it makes you wonder who has been 'making enquiries' on GB's availability. Birmingham probably!!!!!!!!!!!!!!!!!
 
F

Fluffsta

Well-Known Member
  • Aug 8, 2011
  • #21
This is great news! A real future star no doubt.
 

We'll_live_and_die

Super Moderator
  • Aug 8, 2011
  • #22
I was speaking to someone at the match who reckons GB absolutely loves CCFC and will stay at the club as long as they will have him. He has no desires to leave as there is no bigger/better club in his opinion. A religous lad like this I don't think even Cash Money would tempt him.
 
Last edited: Aug 8, 2011

oldskyblue58

CCFC Finance Director
  • Aug 8, 2011
  • #23
shmmeee said:
Fair point, I thought that player contracts had a value though, could be wrong.

Also (@akira), would make no difference to next summer as his contract still had two years to run, but who needs facts when we're SISU bashing eh?
Click to expand...

No value to contracts for players developed by the club. So no worth shown on the accounts.

However the player pool would have a "value" to any potential buyer of the club because they could look at each player and say how much could i sell him for. It is two different things - current accounts worth and potential sale value
 

oldskyblue58

CCFC Finance Director
  • Aug 8, 2011
  • #24
Good news that they have moved to keep him- definitely the right thing to do
 

Nick

Administrator
  • Aug 8, 2011
  • #25
But surely if somebody came in to buy him, we could ask for more based on how long on his contract he has left? That's what I was getting at.
 

brinner

Member
  • Aug 8, 2011
  • #26
wont make any diffrence if he signs a 10 year deal, if he impresses enough he will be sold in january for about £500k.
 
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Deleted member 162

Guest
  • Aug 8, 2011
  • #27
Rich said:
I was speaking to someone at the match who reckons GB absolutely loves CCFC and will stay at the club as long as they will have him. He has no desires to leave as there is no bigger/better club in his opinion. A religous lad like this i don't think even Money would tempt him.
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aww makes me happy
 

shmmeee

Well-Known Member
  • Aug 8, 2011
  • #28
oldskyblue58 said:
No value to contracts for players developed by the club. So no worth shown on the accounts.

However the player pool would have a "value" to any potential buyer of the club because they could look at each player and say how much could i sell him for. It is two different things - current accounts worth and potential sale value
Click to expand...

Thanks OSB, so it still could be useful for attracting investment?
 

shmmeee

Well-Known Member
  • Aug 8, 2011
  • #29
Rich said:
A religous lad like this i don't think even Money would tempt him.
Click to expand...

Well, he tends to manage lower league teams anyway, thought I guess they might have a relationship from his days at the City academy.
 

oldskyblue58

CCFC Finance Director
  • Aug 8, 2011
  • #30
Nick said:
But surely if somebody came in to buy him, we could ask for more based on how long on his contract he has left? That's what I was getting at.
Click to expand...

all part of how you could put a potential sale value on a player plus other factors like age experience etc yes Nick. But it isnt the figure that appears on the acoounts. eg Gael could be sold at £2m but his value in the CCFC accounts will be £0 because we never paid anything to sign him. Once sold the accounts would show a profit of £2m
 

Nick

Administrator
  • Aug 8, 2011
  • #31
Yep, I understand it accounts wise I just meant if big clubs were sniffing around now it would make him more appealing
 

oldskyblue58

CCFC Finance Director
  • Aug 8, 2011
  • #32
all part of what any clever potential new owner would look at shmmmee yes.
 

We'll_live_and_die

Super Moderator
  • Aug 8, 2011
  • #33
shmmeee said:
Well, he tends to manage lower league teams anyway, thought I guess they might have a relationship from his days at the City academy.
Click to expand...

Fancy editing my quote. I put Cash Money
 

oldskyblue58

CCFC Finance Director
  • Aug 8, 2011
  • #34
Nick said:
Yep, I understand it accounts wise I just meant if big clubs were sniffing around now it would make him more appealing
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think its more about harder to prize away so more likely to push price up. We all know the intention of contracts but we all know they can be broken. It is a way of safeguarding an asset for the club something they failed to do with Conor Thomas last season. Should mean we get to see the young man develop for a while, contribute to the team and hopefully increase in valus so that if we do have to sell we get the right price not a panic sale one
 

Il Pirata

Well-Known Member
  • Aug 8, 2011
  • #35
Nice one Gael.
 
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