If we clear £4 million……. (2 Viewers)

[skybluecam]

It’s £3.65m raising to £4.28m with addons

No it isn’t lol

The maths really isn’t that difficult

€63.5m - 24m = 39.5m

39.5m * 0.1 = 3.95m

3.95m * 0.85 = 3.358m

€3.358m = £2.92m

Some minor differences depending on the exchange rate you use and how much we’ve received so far, but we won’t be getting over £3m initially.

 

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[shmmeee]

How can anyone accurately predict the figure we'll get without knowing the end sale price? Turner saying it's 3.48 someone else 3.87 another over 4 ...

The fee as stated many times is: Sale fee, less £20m received x 10% and we then lose 15% of that to Brighton.

As an example, if he goes for £65m, then £65m - £20m = £45m x10% = £4.5m x 85% = £3.83m but until the sale fee agreed it's all guesswork as to what we'll receive.

Why would Brighton get 15% when they only got 10% last time? (Also €20m not £20m)

 

[rob9872]

Why would Brighton get 15% when they only got 10% last time? (Also €20m not £20m)

No, £20m - we started at €20m and with add ons has risen to a fee closer to £20m which is why our sell-on dropped from 15% to 10%. Brighton's was always reported to be 15% last time - hopefully the accounts will bear that out.

 

[Balli001]

No, £20m - we started at €20m and with add ons has risen to a fee closer to £20m which is why our sell-on dropped from 15% to 10%. Brighton's was always reported to be 15% last time - hopefully the accounts will bear that out.

It should be easy to find as all Portuguese transfers have to be logged to the penny by law.

 

[procdoc]

Just what we need, another maths lesson from all of the qualified chartered accountants on here

 

[Ccfcisparks]

Just what we need, another maths lesson from all of the qualified chartered accountants on here

I haven’t done a maths lesson?

 

[Grendel]

Thats sweet but come on mate.... its Grendel.... he lives, eats and breathes this sort of combative stuff ....it the fuel for his very existence. Not a thick tub thumper and uses a lot of deflection and avoidance of answering questions like a politican but he loves a good verbal brawl. Not sure he will appreciate you defending his corner as not sure he is really the sort to feel such love, warmth and devotion from a fellow SBT-er.

I literally said I’ve read the accounts

It’s not as simple as player transfers in and player transfers out

Our wage structure shows a shortfall every year and has said he will honour all of that with external funding and so far has.

 

[shmmeee]

No, £20m - we started at €20m and with add ons has risen to a fee closer to £20m which is why our sell-on dropped from 15% to 10%. Brighton's was always reported to be 15% last time - hopefully the accounts will bear that out.

I know there was some suggestion this wasn’t sell on but sporting paid 10% in “fees due to other parties” on the original. Agree with the sell ons it’s roughly £20m

 

[shmmeee]

It should be easy to find as all Portuguese transfers have to be logged to the penny by law.

Here’s the full English translation of the Portuguese document:

SPORTING CLUBE DE PORTUGAL – FUTEBOL, SAD
(Publicly traded company)

Registered capital: €150,571,872
Own capital approved in the General Assembly of September 29, 2022: €16,303,000

Head Office: Estádio José Alvalade – Rua Professor Fernando da Fonseca, Lisbon
Registered at the Lisbon Commercial Registry Office with unique registration and tax number 503 994 499


ANNOUNCEMENT

Sporting Clube de Portugal – Futebol, SAD (hereinafter referred to as Sporting SAD), in compliance with the obligation to disclose information under Article 17 of Regulation (EU) No. 596/2014 of the European Parliament and Council, dated April 16, hereby informs that it has reached an agreement with Coventry City F.C. (hereinafter referred to as Coventry) regarding the permanent acquisition of the sporting rights of player Viktor Gyökeres, for the amount of €20,000,000 (twenty million euros), which may increase by up to €4,000,000 (four million euros) depending on the achievement of individual and collective objectives.

Additionally, Coventry retains the right to receive an amount corresponding to 15% of any capital gain from a future transfer, a percentage that may be reduced to up to 10% at the option of Sporting SAD depending on the partial fulfillment of the aforementioned individual and collective objectives.

It is also informed that a sports employment contract has been signed between Sporting SAD and the player, valid for five (5) seasons, i.e., until June 30, 2028, including a release clause of €100,000,000 (one hundred million euros).

Furthermore, the solidarity mechanism payments due to third-party clubs will be covered by Sporting SAD, and the costs of intermediary services related to the mentioned transfer amount to €2,000,000 (two million euros).

 

[steve cooper]

We’re not clearing 4m, we’ll receive less than 3.
.

The figure Sky Sports are quoting is initially £55M (sterling). So the question is, what extra have we received on top of the original fee, and contractually, what was it for? Any amount we received for reducing the sell on percentage shouldn't be added to the original fee, that amount was I assume compensation for the reduction to 10%.
So as I see it, we get 10% of £55m minus the original fee paid including target/performance addons if there were any.
So that should be at least £3M initially, with a further 10% of any addons agreed between Arsenal and Sporting provided they are met.
That is reported to be possibly as much as £10M, so we could receive up to another £1M of that.
As for who pays Brighton, I assume that would depend what our contract with Sporting says, it was reported that they paid the original sell on fee, anyway Brighton would only be due a percentage of our fee, as per our original agreement with them.
I believe IF Brommapojkarna would be due a percentage of Brighton's cut, but that would be nothing to do with us.
So it theory we could clear £4M or get close to it.

 

[Grendel]

This goes back a long time with us. This isn't anger. As you can see I'm as polite as I can be with him.

Before when I said about how bad my mental health was he was one of those who saw it as a green light to try and send me over the edge. Now it won't work. Take a look back. All I said in reply to someone was we don't know what's going on with finances because we don't. Strangely enough he does know. I can go back and show you the constant attacks if you like. And each time he then goes quiet when put on the spotlight.

Regarding this accusation please provide the evidence. I literally have zero idea what you are talking about

 

[Liquid Gold]

How do you know? The sale hasn't gone through yet so the chances of us knowing the minor details of the fee are pretty negligible

I made it up just like all the other figures on here are.

 

[skybluecam]

The figure Sky Sports are quoting is initially £55M (sterling). So the question is, what extra have we received on top of the original fee, and contractually, what was it for? Any amount we received for reducing the sell on percentage shouldn't be added to the original fee, that amount was I assume compensation for the reduction to 10%.
So as I see it, we get 10% of £55m minus the original fee paid including target/performance addons if there were any.
So that should be at least £3M initially, with a further 10% of any addons agreed between Arsenal and Sporting provided they are met.
That is reported to be possibly as much as £10M, so we could receive up to another £1M of that.
As for who pays Brighton, I assume that would depend what our contract with Sporting says, it was reported that they paid the original sell on fee, anyway Brighton would only be due a percentage of our fee, as per our original agreement with them.
I believe IF Brommapojkarna would be due a percentage of Brighton's cut, but that would be nothing to do with us.
So it theory we could clear £4M or get close to it.

Transfer is reported as €63.5m + €10m

We’ll receive just under £3m initially and the add ons could net us another £750k or so, but may never be triggered and certainly won’t be for at least a season.

 

[Ccfcisparks]

Transfer is reported as €63.5m + €10m

We’ll receive just under £3m initially and the add ons could net us another £750k or so, but may never be triggered and certainly won’t be for at least a season.

How can you know they certainly wont be triggered for a season

 

[skybluecam]

How can you know they certainly wont be triggered for a season

Some of them will inevitably be based on achievements that can only happen at the end of the season (winning the league/CL/BdOr)

 

[Ccfcisparks]

Some of them will inevitably be based on achievements that can only happen at the end of the season (winning the league/CL/BdOr)

So you are speculating.

 

[fatso]

No it isn’t lol

The maths really isn’t that difficult

€63.5m - 24m = 39.5m

39.5m * 0.1 = 3.95m

3.95m * 0.85 = 3.358m

€3.358m = £2.92m

Some minor differences depending on the exchange rate you use and how much we’ve received so far, but we won’t be getting over £3m initially.

Why would you convert euros to pounds and pay an exchange rate?
You'd leave it in a foreign bank in euros, a good business accountant would do far more with it that way.

 

[Senior Vick from Alicante]

Typical thread on here at the minute, none of the answers have anything to do with the original post and it's melted into an arse kicking competition about who know's more than who. If there were no outgoings and DK can squeeze another one in I would like a midfielder in the mould of O'Hare who ran at the opposition.

 

[skybluecam]

Why would you convert euros to pounds and pay an exchange rate?
You'd leave it in a foreign bank in euros, a good business accountant would do far more with it that way.

Eh? I’m just converting it for understanding’s sake.

 

[skybluecam]

So you are speculating.

What clauses could possibly be triggered early anyway?

Even ones based on performance will take a while

come off it lol

 

[Ccfcisparks]

What clauses could possibly be triggered early anyway?

Even ones based on performance will take a while

come off it lol

15 goals he could achieve by Christmas no?

 

[fatso]

Typical thread on here at the minute, none of the answers have anything to do with the original post and it's melted into an arse kicking competition about who know's more than who. If there were no outgoings and DK can squeeze another one in I would like a midfielder in the mould of O'Hare who ran at the opposition.

You do realise that MF is literally our strongest area of the pitch dont you?

Im sure we'd be better served with a GK or CH or L/R W or striker before adding yet another midfielder.

 

[David O'Day]

Typical thread on here at the minute, none of the answers have anything to do with the original post and it's melted into an arse kicking competition about who know's more than who. If there were no outgoings and DK can squeeze another one in I would like a midfielder in the mould of O'Hare who ran at the opposition.

to play where? we already have a better player than o'hare in o'hare's old position who does in fact run at people

 

[steve cooper]

Transfer is reported as €63.5m + €10m

We’ll receive just under £3m initially and the add ons could net us another £750k or so, but may never be triggered and certainly won’t be for at least a season.

But what I'm saying is that as far as I know no-one outside of CCFC & Sporting know the true figure we have already received that counts towards the deduction from the total which gives the remainder to base the 10% on, i.e. the figure you have quoted at 24M in post 26.

 

[Brighton Sky Blue]

The more we spend with nobody leaving the more I think that King is doing a cheap version of what the Brummies are up to

 

[skybluecam]

But what I'm saying is that as far as I know no-one outside of CCFC & Sporting know the true figure we have already received that counts towards the deduction from the total which gives the remainder to base the 10% on, i.e. the figure you have quoted at 24M in post 26.

€4m was the max possible. He must have hit most of the clauses.

Even if it was €22m, that’s still only an extra £150k for us compared to €24m.

 

[skybluecam]

15 goals he could achieve by Christmas no?

You know I’m right

 

[Ccfcisparks]

You know I’m right

Could he not get 15 by Christmas and that be one of his clauses?

 

[Senior Vick from Alicante]

to play where? we already have a better player than o'hare in o'hare's old position who does in fact run at people

That's the issue we only have one, the game slows down when JR is not in the team and as much as I like Torp he's not the same type.

 

[Senior Vick from Alicante]

You do realise that MF is literally our strongest area of the pitch dont you?

Im sure we'd be better served with a GK or CH or L/R W or striker before adding yet another midfielder.

Too many of a similar style for me. Although the brief appearance of Eccles in the second leg hinted he might be able to take on the role if we have injuries.

 

[Cally Fedora]

If we got 2-3m you’ve got to invest it where we are weakest. So it goes on a centre half or a right winger.