UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

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UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby Chris Holmes » Thu Apr 20, 2017 9:26 pm

" UPDATED "


Under Malky's era Cornelius was signed for £8million was sold back to FC Copenhagen for £3million and it was put in writing by Cardiff City if they ever re-sold Cornelius, Cardiff would receive 60% of the transfer fee.

It is believed Cardiff could get a windfall of £2.5mill.



Reports from Italy claim the Serie A side will pay €3.5m to sign Cardiff's former club record signing

21/04/17


Atalanta are close to signing Cardiff City flop Andreas Cornelius from FC Copenhagen, according to reports.

The Danish striker joined the Bluebirds for a then club record fee of £7.5m from Copenhagen in the 2013 summer transfer window.

But he endured a miserable time in the Welsh capital, failing to score a single goal in his 11 appearances for the Bluebirds before returning to his home club after just six months with Cardiff.



To rub salt into the wounds, Cornelius went on to score on his first competitive game back with Copenhagen where he has gone on to net 27 times in 100 appearances.

And Football Italia are reporting that the former Cardiff forward is close to joining Serie A outfit Atalanta for a fee of €3.5m after an impressive campaign in which he has scored 11 goals for Copenhagen.

The Italian side are currently fifth in Serie A, just one point behind fourth-placed Lazio with six games left of the domestic season.







Find it difficult to believe but it could be worth up to £2.5m
Reported in the Danish paper BT

http://www.bt.dk/superligaen/afsloring- ... n-nye-klub


Translated text:

Andreas Cornelius is lost to FC Copenhagen and continues after judging his career in Series A.

According to BT's information, the big attacker was unable to workout with the rest of the squad in FC Copenhagen on Thursday but was in Italy to look at the conditions in Atalanta, who are ready for a contract.

The players had free wednesday and Thursday after the victory over Brøndby on Monday, which several used to go abroad to enjoy themselves in cafes and shopping districts.

Andreas Cornelius, however, flew to Bergamo to visit Atalanta, who is in a surprising fifth place in Serie A and therefore looks forward to playing European football in the coming season.

Ståle Solbakken revealed Monday that he and Andreas Cornelius worked to find a new club for the attacker, and after negotiating with Cypriot Pieros Sotiriou from APOEL, the replacement appears to be found.

The price is according to BT's information in the region of 4 million. Euro, of which a very large part must be forwarded to Cardiff, which in winter 2014 helped sell Andreas Cornelius back to FC Copenhagen for about 30 million. DKK after half a year previously given between two and three times as much.

The interest in Andreas Cornelius has been quite nice and there have been allegations for both the Premier League and the Bundesliga. Now, however, everything suggests that it will be Serie A and Atalanta, which runs with the captain-strong national team striker.

Andreas Cornelius is far from the first Dane in Atalanta, otherwise known as one of Italy's strongest clubs in talent development. In the late 40's and early 50's, the North Italian club was a favorite goal for Danish players with the attackers Jørgen Leschly Sørensen and Karl Aage Hansen at the forefront, and in the 1960s Flemming Nielsen was a big profile in Bergamo.

If he goes through, Cornelius will either replace or take up the match with 21-year-old Italian national team Andrea Petegna, who has played 9th position in coach Gian Piero Gasperini's successful system.
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UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby TopCat CCFC » Thu Apr 20, 2017 10:19 pm

Is this some kind of sell on fee by our club :o :?
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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby Double G » Fri Apr 21, 2017 6:21 am

this is huge news and amazed so little comments.
maybe cos tan might have done something right for a change. sell cheap to get rid of wahes and huge sell on clause incase he came good. well done to tan/board if truth in it. could have the a huge slice of budget here alone
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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby nojac » Fri Apr 21, 2017 6:27 am

If thus is true " WELL DONE VINCENT TAN" if its not true, Well you can imagine what will be said on here lol.
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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby wez1927 » Fri Apr 21, 2017 7:15 am

Double G wrote:this is huge news and amazed so little comments.
maybe cos tan might have done something right for a change. sell cheap to get rid of wahes and huge sell on clause incase he came good. well done to tan/board if truth in it. could have the a huge slice of budget here alone

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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby Forever Blue » Fri Apr 21, 2017 7:30 am

Under Malky's era Cornelius was signed for £8million was sold back to FC Copenhagen for £3million and it was put in writing by Cardiff City if they ever re-sold Cornelius, Cardiff would receive 60% of the transfer fee.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby wez1927 » Fri Apr 21, 2017 7:33 am

Forever Blue wrote:Under Malky's era Cornelius was signed for £8million was sold back to FC Copenhagen for £3million and it was put in writing by Cardiff City if they ever re-sold Cornelius, Cardiff would receive 60% of the transfer fee.

Well done the tranafer committee
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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby Forever Blue » Fri Apr 21, 2017 7:38 am

nojac wrote:If thus is true " WELL DONE VINCENT TAN" if its not true, Well you can imagine what will be said on here lol.



So interesting Malky at the time lost £5mill on the buying of Cornelius, but is hammered about it every minute by Tans Red followers, yet Malky brought us in £200mill in revenue, but no praise.
But Tan and his committee have lost us £millions upon £millions on there transfers, even this season we have lost £millions on just Rickie Lambert and Ben Amos, I could bring up at least 20 others Hmmmmmm

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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby oohahhPaulMillar » Fri Apr 21, 2017 7:51 am

Can't see the sell on clause being 60%...that's pretty much unheard of???

But even if there is a 25% clause it's a bonus!!!

If this is true it's turned out to be not such a disastrous transfer after all
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby cardiffblue74 » Fri Apr 21, 2017 7:54 am

Forever Blue wrote:Under Malky's era Cornelius was signed for £8million was sold back to FC Copenhagen for £3million and it was put in writing by Cardiff City if they ever re-sold Cornelius, Cardiff would receive 60% of the transfer fee.


People always judge Makly by the Cornelius deal which is always very unfair, however now the full story is out even the most anti Malky supporter must now think actually this wasn't bad business by him and City?

Can I also add (ranting now) that Malky also gets criticised for the for the number of players he bought however again in his defence when he started at Cardiff we barely had a starting 11, therefore for he had to acquire players to build a squad. Unlike Ole to built the biggest and most expensive squad in the history of Cardiff City.

Rant over, enjoy your Friday fellow City supporters :)
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby nubbsy » Fri Apr 21, 2017 7:58 am

Seems a huge sell on fee I'll wait until it's confirmed first, but if true then has to be good news for our transfer situation. Let's hope it goes through soon.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby SnackaJack » Fri Apr 21, 2017 8:12 am

Lads, think about it ffs :D

There is no way this is true, I assume something has been lost in translation. Sell on fees are a % of any potential profit. So if he was sold for £3m and then sold on again for £4m the sell on fee would apply to the extra £1m. Even then, 60% is ridiculously high but we will roll with it. So if Cornelius was sold for £3m but was bought for £3m - Cardiff are not entitled to a penny. No profit has been made.

Sell on fees are not put on the actual transfer as clubs just would keep the players instead of selling them - instead of facing losing millions by selling, especially at the price they paid. It just wouldnt happen.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby wez1927 » Fri Apr 21, 2017 8:15 am

SnackaJack wrote:Lads, think about it ffs :D

There is no way this is true, I assume something has been lost in translation. Sell on fees are a % of any potential profit. So if he was sold for £3m and then sold on again for £4m the sell on fee would apply to the extra £1m. Even then, 60% is ridiculously high but we will roll with it. So if Cornelius was sold for £3m but was bought for £3m - Cardiff are not entitled to a penny. No profit has been made.

Sell on fees are not put on the actual transfer as clubs just would keep the players instead of selling them - instead of facing losing millions by selling, especially at the price they paid. It just wouldnt happen.

Your wrong the sell on fee is percentage of the fee paid buy the buying club not the profit
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby SnackaJack » Fri Apr 21, 2017 8:17 am

wez1927 wrote:Your wrong the sell on fee is percentage of the fee paid buy the buying club not the profit


Ive read that a few times and can't make head nor tail of it.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby bluebird58 » Fri Apr 21, 2017 8:18 am

nubbsy wrote:Seems a huge sell on fee I'll wait until it's confirmed first, but if true then has to be good news for our transfer situation. Let's hope it goes through soon.


The original deal was a bit of a mess and rather unusual. Seeing as Copenhagen have already made £5million profit from the deal, then 60% doesn't seem unreasonable. Especially as he didn't look to be worth much at all.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby Forever Blue » Fri Apr 21, 2017 8:22 am

cardiffblue74 wrote:
Forever Blue wrote:Under Malky's era Cornelius was signed for £8million was sold back to FC Copenhagen for £3million and it was put in writing by Cardiff City if they ever re-sold Cornelius, Cardiff would receive 60% of the transfer fee.


People always judge Makly by the Cornelius deal which is always very unfair, however now the full story is out even the most anti Malky supporter must now think actually this wasn't bad business by him and City?

Can I also add (ranting now) that Malky also gets criticised for the for the number of players he bought however again in his defence when he started at Cardiff we barely had a starting 11, therefore for he had to acquire players to build a squad. Unlike Ole to built the biggest and most expensive squad in the history of Cardiff City.

Rant over, enjoy your Friday fellow City supporters :)



Finally some honest common sense :thumbright: :bluebird:

Enjoy your weekend :bluebird:
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby SnackaJack » Fri Apr 21, 2017 8:26 am

There was a 20% sell on fee with Jordan Rhodes transfer from Huddersfield to Blackburn. The deal is explained below...






As Huddersfield Town wait for news on any potential transfer for former player Jordan Rhodes from Blackburn Rovers, this is how a sell-on deal works.

Town are due to receive 20% of any profit on Rhodes, who moved to Ewood Park in an £8m deal in August 2012.


So these are the key factors:

Clubs are not allowed to owe money to two clubs in relation to the same player.

While that principle is straightforward it can become complicated in practice because of payment terms and possible extra add-ons which may arise in future, plus sell-on clauses.

If a club still owes part of a transfer fee to the player’s previous club, then this must be paid up first, in full, at the time he moves on to his next club.

So, out of any cash that’s received at the start, the first slug of that must go to pay off any outstanding amount to the previous club.

If an £8m player is paid for at £2m over four years, and he is sold again after the second year, the remaining £4m must be paid up to his to his previous club when the he is sold, before the selling club gets to keep a penny.

Sell-ons are paid to previous clubs pro-rata when cash is received by the selling club.

Were Blackburn, for instance, to agree £9m down and be guaranteed £5m later for Rhodes, then Blackburn would make a £6m profit on the £8m cost.

Town – having been paid any remainder still due out of their initial £8m for the player, which was reported last year to be £2m – would also initially receive 9/15ths of their 20% sell-on of the £6m profit.


The rest of the profit sell-on would then come pro-rata as Blackburn receive the rest of the guaranteed cash.

If other add-ons are earned, such as promotion bonuses or appearance fees, then Town would get a share of those too, but only when Blackburn get the cash from the buying club.

Town, in turn, would have to pay Ipswich pro-rata for their sell-ons from when Rhodes moved to the John Smith’s Stadium in July 2009.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby petesmeat » Fri Apr 21, 2017 8:33 am

SnackaJack wrote:There was a 20% sell on fee with Jordan Rhodes transfer from Huddersfield to Blackburn. The deal is explained below...






As Huddersfield Town wait for news on any potential transfer for former player Jordan Rhodes from Blackburn Rovers, this is how a sell-on deal works.

Town are due to receive 20% of any profit on Rhodes, who moved to Ewood Park in an £8m deal in August 2012.


So these are the key factors:

Clubs are not allowed to owe money to two clubs in relation to the same player.

While that principle is straightforward it can become complicated in practice because of payment terms and possible extra add-ons which may arise in future, plus sell-on clauses.

If a club still owes part of a transfer fee to the player’s previous club, then this must be paid up first, in full, at the time he moves on to his next club.

So, out of any cash that’s received at the start, the first slug of that must go to pay off any outstanding amount to the previous club.

If an £8m player is paid for at £2m over four years, and he is sold again after the second year, the remaining £4m must be paid up to his to his previous club when the he is sold, before the selling club gets to keep a penny.

Sell-ons are paid to previous clubs pro-rata when cash is received by the selling club.

Were Blackburn, for instance, to agree £9m down and be guaranteed £5m later for Rhodes, then Blackburn would make a £6m profit on the £8m cost.

Town – having been paid any remainder still due out of their initial £8m for the player, which was reported last year to be £2m – would also initially receive 9/15ths of their 20% sell-on of the £6m profit.


The rest of the profit sell-on would then come pro-rata as Blackburn receive the rest of the guaranteed cash.

If other add-ons are earned, such as promotion bonuses or appearance fees, then Town would get a share of those too, but only when Blackburn get the cash from the buying club.

Town, in turn, would have to pay Ipswich pro-rata for their sell-ons from when Rhodes moved to the John Smith’s Stadium in July 2009.


It could be either, it could be 60% of the next fee or the profit. Depends how the deal was done. Either way, anything is a bonus!
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby SnackaJack » Fri Apr 21, 2017 9:03 am

petesmeat wrote:
SnackaJack wrote:There was a 20% sell on fee with Jordan Rhodes transfer from Huddersfield to Blackburn. The deal is explained below...






As Huddersfield Town wait for news on any potential transfer for former player Jordan Rhodes from Blackburn Rovers, this is how a sell-on deal works.

Town are due to receive 20% of any profit on Rhodes, who moved to Ewood Park in an £8m deal in August 2012.


So these are the key factors:

Clubs are not allowed to owe money to two clubs in relation to the same player.

While that principle is straightforward it can become complicated in practice because of payment terms and possible extra add-ons which may arise in future, plus sell-on clauses.

If a club still owes part of a transfer fee to the player’s previous club, then this must be paid up first, in full, at the time he moves on to his next club.

So, out of any cash that’s received at the start, the first slug of that must go to pay off any outstanding amount to the previous club.

If an £8m player is paid for at £2m over four years, and he is sold again after the second year, the remaining £4m must be paid up to his to his previous club when the he is sold, before the selling club gets to keep a penny.

Sell-ons are paid to previous clubs pro-rata when cash is received by the selling club.

Were Blackburn, for instance, to agree £9m down and be guaranteed £5m later for Rhodes, then Blackburn would make a £6m profit on the £8m cost.

Town – having been paid any remainder still due out of their initial £8m for the player, which was reported last year to be £2m – would also initially receive 9/15ths of their 20% sell-on of the £6m profit.


The rest of the profit sell-on would then come pro-rata as Blackburn receive the rest of the guaranteed cash.

If other add-ons are earned, such as promotion bonuses or appearance fees, then Town would get a share of those too, but only when Blackburn get the cash from the buying club.

Town, in turn, would have to pay Ipswich pro-rata for their sell-ons from when Rhodes moved to the John Smith’s Stadium in July 2009.


It could be either, it could be 60% of the next fee or the profit. Depends how the deal was done. Either way, anything is a bonus!


Never in my life have I heard of such a deal, and never in my life could I fathom why Copenhagen would agree to essentially sell him for£1.9m euros. It just makes no sense. They are not in financial trouble and judging from past deals, clearly not stupid. If they were hanstrung by having to pay 60% os the transfer fee then surely they would just swap a player to the same value and not pay anything to Cardiff while acuiring a 4 million euro asset (this is why deals are not done on a transfer fee basis).

Also important to note that the deal is in euros. So if it is the profit, then it would be 60% of £350,000 (so £210,000).

If it is 60% of the whole transfer fee then £2.1m. But I find that incredibly unlikely.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby wez1927 » Fri Apr 21, 2017 9:11 am

SnackaJack wrote:
petesmeat wrote:
SnackaJack wrote:There was a 20% sell on fee with Jordan Rhodes transfer from Huddersfield to Blackburn. The deal is explained below...






As Huddersfield Town wait for news on any potential transfer for former player Jordan Rhodes from Blackburn Rovers, this is how a sell-on deal works.

Town are due to receive 20% of any profit on Rhodes, who moved to Ewood Park in an £8m deal in August 2012.


So these are the key factors:

Clubs are not allowed to owe money to two clubs in relation to the same player.

While that principle is straightforward it can become complicated in practice because of payment terms and possible extra add-ons which may arise in future, plus sell-on clauses.

If a club still owes part of a transfer fee to the player’s previous club, then this must be paid up first, in full, at the time he moves on to his next club.

So, out of any cash that’s received at the start, the first slug of that must go to pay off any outstanding amount to the previous club.

If an £8m player is paid for at £2m over four years, and he is sold again after the second year, the remaining £4m must be paid up to his to his previous club when the he is sold, before the selling club gets to keep a penny.

Sell-ons are paid to previous clubs pro-rata when cash is received by the selling club.

Were Blackburn, for instance, to agree £9m down and be guaranteed £5m later for Rhodes, then Blackburn would make a £6m profit on the £8m cost.

Town – having been paid any remainder still due out of their initial £8m for the player, which was reported last year to be £2m – would also initially receive 9/15ths of their 20% sell-on of the £6m profit.


The rest of the profit sell-on would then come pro-rata as Blackburn receive the rest of the guaranteed cash.

If other add-ons are earned, such as promotion bonuses or appearance fees, then Town would get a share of those too, but only when Blackburn get the cash from the buying club.

Town, in turn, would have to pay Ipswich pro-rata for their sell-ons from when Rhodes moved to the John Smith’s Stadium in July 2009.


It could be either, it could be 60% of the next fee or the profit. Depends how the deal was done. Either way, anything is a bonus!


Never in my life have I heard of such a deal, and never in my life could I fathom why Copenhagen would agree to essentially sell him for£1.9m euros. It just makes no sense. They are not in financial trouble and judging from past deals, clearly not stupid. If they were hanstrung by having to pay 60% os the transfer fee then surely they would just swap a player to the same value and not pay anything to Cardiff while acuiring a 4 million euro asset (this is why deals are not done on a transfer fee basis).

Also important to note that the deal is in euros. So if it is the profit, then it would be 60% of £350,000 (so £210,000).

If it is 60% of the whole transfer fee then £2.1m. But I find that incredibly unlikely.

Dont think you can swap a player either it goes to tribunal then like when it happened to the jacks over a keeper a few years back ?
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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby ealing_ayatollah » Fri Apr 21, 2017 9:12 am

Forever Blue wrote:
nojac wrote:If thus is true " WELL DONE VINCENT TAN" if its not true, Well you can imagine what will be said on here lol.



So interesting Malky at the time lost £5mill on the buying of Cornelius, but is hammered about it every minute by Tans Red followers, yet Malky brought us in £200mill in revenue, but no praise.
But Tan and his committee have lost us £millions upon £millions on there transfers, even this season we have lost £millions on just Rickie Lambert and Ben Amos, I could bring up at least 20 others Hmmmmmm

6 CEO'S & 8 Managers.

In fairness Annis - Is there really any need to open old wounds with phrases like Tan's red followers?

Malky did a lot of good things and a fair few bad things.

Making a swedish youngster our record signing and then half a season later claiming he was one for the future falls into the latter category surely?
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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby Forever Blue » Fri Apr 21, 2017 9:24 am

ealing_ayatollah wrote:
Forever Blue wrote:
nojac wrote:If thus is true " WELL DONE VINCENT TAN" if its not true, Well you can imagine what will be said on here lol.



So interesting Malky at the time lost £5mill on the buying of Cornelius, but is hammered about it every minute by Tans Red followers, yet Malky brought us in £200mill in revenue, but no praise.
But Tan and his committee have lost us £millions upon £millions on there transfers, even this season we have lost £millions on just Rickie Lambert and Ben Amos, I could bring up at least 20 others Hmmmmmm

6 CEO'S & 8 Managers.

In fairness Annis - Is there really any need to open old wounds with phrases like Tan's red followers?

Malky did a lot of good things and a fair few bad things.

Making a swedish youngster our record signing and then half a season later claiming he was one for the future falls into the latter category surely?



Funny if I mention Malky like I have in the last few days, others are sarstic to me, yet I can't say anything back :lol:

Malky did mostly 95% good for our club in success and money.
£200 mill brought in, yet made a couple of bad transfers, but only that is what is brought up by shall I say certain City fans.
Yet over all Malky achieved great success :bluebird:
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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby wez1927 » Fri Apr 21, 2017 9:57 am

Forever Blue wrote:
ealing_ayatollah wrote:
Forever Blue wrote:
nojac wrote:If thus is true " WELL DONE VINCENT TAN" if its not true, Well you can imagine what will be said on here lol.



So interesting Malky at the time lost £5mill on the buying of Cornelius, but is hammered about it every minute by Tans Red followers, yet Malky brought us in £200mill in revenue, but no praise.
But Tan and his committee have lost us £millions upon £millions on there transfers, even this season we have lost £millions on just Rickie Lambert and Ben Amos, I could bring up at least 20 others Hmmmmmm

6 CEO'S & 8 Managers.

In fairness Annis - Is there really any need to open old wounds with phrases like Tan's red followers?

Malky did a lot of good things and a fair few bad things.

Making a swedish youngster our record signing and then half a season later claiming he was one for the future falls into the latter category surely?



Funny if I mention Malky like I have in the last few days, others are sarstic to me, yet I can't say anything back :lol:

Malky did mostly 95% good for our club in success and money.
£200 mill brought in, yet made a couple of bad transfers, but only that is what is brought up by shall I say certain City fans.
Yet over all Malky achieved great success :bluebird:

Didn't tan bring that money in too? He was the owner or doesnt the count ?
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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby Forever Blue » Fri Apr 21, 2017 9:59 am

wez1927 wrote:
Forever Blue wrote:
ealing_ayatollah wrote:
Forever Blue wrote:
nojac wrote:If thus is true " WELL DONE VINCENT TAN" if its not true, Well you can imagine what will be said on here lol.



So interesting Malky at the time lost £5mill on the buying of Cornelius, but is hammered about it every minute by Tans Red followers, yet Malky brought us in £200mill in revenue, but no praise.
But Tan and his committee have lost us £millions upon £millions on there transfers, even this season we have lost £millions on just Rickie Lambert and Ben Amos, I could bring up at least 20 others Hmmmmmm

6 CEO'S & 8 Managers.

In fairness Annis - Is there really any need to open old wounds with phrases like Tan's red followers?

Malky did a lot of good things and a fair few bad things.

Making a swedish youngster our record signing and then half a season later claiming he was one for the future falls into the latter category surely?



Funny if I mention Malky like I have in the last few days, others are sarstic to me, yet I can't say anything back :lol:

Malky did mostly 95% good for our club in success and money.
£200 mill brought in, yet made a couple of bad transfers, but only that is what is brought up by shall I say certain City fans.
Yet over all Malky achieved great success :bluebird:

Didn't tan bring that money in too? He was the owner or doesnt the count ?



Wez Yes the good news is, Tan had a helping had in bringing Malky in :thumbright:
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby petesmeat » Fri Apr 21, 2017 10:03 am

SnackaJack wrote:
petesmeat wrote:
SnackaJack wrote:There was a 20% sell on fee with Jordan Rhodes transfer from Huddersfield to Blackburn. The deal is explained below...






As Huddersfield Town wait for news on any potential transfer for former player Jordan Rhodes from Blackburn Rovers, this is how a sell-on deal works.

Town are due to receive 20% of any profit on Rhodes, who moved to Ewood Park in an £8m deal in August 2012.


So these are the key factors:

Clubs are not allowed to owe money to two clubs in relation to the same player.

While that principle is straightforward it can become complicated in practice because of payment terms and possible extra add-ons which may arise in future, plus sell-on clauses.

If a club still owes part of a transfer fee to the player’s previous club, then this must be paid up first, in full, at the time he moves on to his next club.

So, out of any cash that’s received at the start, the first slug of that must go to pay off any outstanding amount to the previous club.

If an £8m player is paid for at £2m over four years, and he is sold again after the second year, the remaining £4m must be paid up to his to his previous club when the he is sold, before the selling club gets to keep a penny.

Sell-ons are paid to previous clubs pro-rata when cash is received by the selling club.

Were Blackburn, for instance, to agree £9m down and be guaranteed £5m later for Rhodes, then Blackburn would make a £6m profit on the £8m cost.

Town – having been paid any remainder still due out of their initial £8m for the player, which was reported last year to be £2m – would also initially receive 9/15ths of their 20% sell-on of the £6m profit.


The rest of the profit sell-on would then come pro-rata as Blackburn receive the rest of the guaranteed cash.

If other add-ons are earned, such as promotion bonuses or appearance fees, then Town would get a share of those too, but only when Blackburn get the cash from the buying club.

Town, in turn, would have to pay Ipswich pro-rata for their sell-ons from when Rhodes moved to the John Smith’s Stadium in July 2009.


It could be either, it could be 60% of the next fee or the profit. Depends how the deal was done. Either way, anything is a bonus!


Never in my life have I heard of such a deal, and never in my life could I fathom why Copenhagen would agree to essentially sell him for£1.9m euros. It just makes no sense. They are not in financial trouble and judging from past deals, clearly not stupid. If they were hanstrung by having to pay 60% os the transfer fee then surely they would just swap a player to the same value and not pay anything to Cardiff while acuiring a 4 million euro asset (this is why deals are not done on a transfer fee basis).

Also important to note that the deal is in euros. So if it is the profit, then it would be 60% of £350,000 (so £210,000).

If it is 60% of the whole transfer fee then £2.1m. But I find that incredibly unlikely.


It could be either, we took a massive loss on him and may have wanted to recoup that. Also, there's the fact he's not all that. 25 in 85 in the Danish league, that's about a goal a game less than Zohore scored in his last season in Denmark, for a worse side. I for one, can't believe the 60% thing but I can see us insisting us getting a sizable chunk of the next fee as we sold him back to them for a massive loss only 6 months after we bought him.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby SnackaJack » Fri Apr 21, 2017 10:06 am

wez1927 wrote:
Dont think you can swap a player either it goes to tribunal then like when it happened to the jacks over a keeper a few years back ?


Of course you can.

You are talking about Michel Vorm and Utrecht of course. Utrecht took Swansea to court and the court (and FIFA) found that Swansea did not owe anything as they swapped a player and no transfer fee was recieved. But that much was obvious anyway, Utrecht were just angry that it had happened.

So I find it very hard to believe that Copenhagen would essentially throw away £2.1m when they dont have to.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby murphy » Fri Apr 21, 2017 11:24 am

SnackaJack wrote:
wez1927 wrote:
Dont think you can swap a player either it goes to tribunal then like when it happened to the jacks over a keeper a few years back ?


Of course you can.

You are talking about Michel Vorm and Utrecht of course. Utrecht took Swansea to court and the court (and FIFA) found that Swansea did not owe anything as they swapped a player and no transfer fee was recieved. But that much was obvious anyway, Utrecht were just angry that it had happened.

So I find it very hard to believe that Copenhagen would essentially throw away £2.1m when they dont have to.


Well it doesn't affect you or your club so just ignore it.
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Re: DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby AfricanBluebird » Fri Apr 21, 2017 11:31 am

Forever Blue wrote:
nojac wrote:If thus is true " WELL DONE VINCENT TAN" if its not true, Well you can imagine what will be said on here lol.



So interesting Malky at the time lost £5mill on the buying of Cornelius, but is hammered about it every minute by Tans Red followers, yet Malky brought us in £200mill in revenue, but no praise.
But Tan and his committee have lost us £millions upon £millions on there transfers, even this season we have lost £millions on just Rickie Lambert and Ben Amos, I could bring up at least 20 others Hmmmmmm

6 CEO'S & 8 Managers.


Transfers at our club have been a disaster and Tan is as much to blame as any single manager.

I think though Annis with Cornelius it wasn't only the money issue but the LOSS of opportunity to bring in a striker who would have scored in the Premier league - so it was lost opportunity not just the spunking away of 8 million. And Malky, apparently, was the one who convinced Tan that Cornelius would score goals in the Premier League. Eggs in one expensive basket.... and that was down to MM.
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby SnackaJack » Fri Apr 21, 2017 11:37 am

murphy wrote:
Well it doesn't affect you or your club so just ignore it.


Of course it does, we could well be in the same league next year. Surely you would want accurate input into the thread rather than a load of nonsense regardless of the source?
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Re: UPDATED DANISH MEDIA: A-CORN WINDFALL FOR CITY?

Postby King Brian Clark » Fri Apr 21, 2017 11:40 am

Can't see the City board being astute enough to have imposed a sell on clause. Perhaps they have woken up at last ? :o
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