QuoteYeah, perhaps the real point of warning is that in most cases, a 50% sell on clause could turn out to be worthless as it realistically acts as a deterrent to selling someone on.Originally Posted by pete
I think this was bad business by Bray. It would seem they sold him at low rate initially but got 50% sell on clause. However as they are now discovering 50% of nothing is still nothing so the size of sell on clause has affected the resale ability of Byrne.
I don't think this deal was ever going to happen at 200k from shels side & ever if Bray dropped their cut to 100k then 300k still not enough for Shels. I think Shels would need 400k net which i think would have needed big increase from Swedes & big percentage cut reduction from Bray.
How long before Shels & Bray will be pleading the poor mouth again. I seem to remember Shels were pleading poverty soon after buying Byrne in the first plaace.
Yeah, perhaps the real point of warning is that in most cases, a 50% sell on clause could turn out to be worthless as it realistically acts as a deterrent to selling someone on.
Foot.ie's entire existence is predicated on the average idiot's inability to ignore other idiots
Bray appear to be sensibly run at present. They're certainly not trying to pay transfer fees with players as some other clubs are....
If you attack me with stupidity, I'll be forced to defend myself with sarcasm.
Did you just post the 1st thing that came into your head or did you even bother reading the thread ?
How in the name of fcuk is this bad business by Bray ? We have NOTHING to do with the deal between Shels and DIF ! If Shels find the price unaccectable, then thats not our fault.
Why should we, as you put it "take a big percentage cut reduction" ? Why in the name of god should we give up €100,000 or so for no reason what so ever, to make Shels happy and financially better off than us from the deal..... Personally i would prefer nothing than to be fcuked over by one of the "bigger" clubs.
We might'nt have much but we are one of the best run clubs in Ireland, we don't owe a penny to anyone, i doubt any other club could say that.
Swedish clubs were spending £400k (Sterling) nearly ten years ago.
The sports team from my area is superior to the sports team from your area.
"We might'nt have much but we are one of the best run clubs in Ireland, we don't owe a penny to anyone, i doubt any other club could say that.[/QUOTE]"
UCD are a club that dont owe a penny to anyone so that throws that argument out the window.
50% can be looked at in 2 ways. Great business by Bray if he's sold on and a slight deterrent (from Shels point of few) to sell him on as they will want to get the most out of it (as in money for themselves and not compared to Bray).
Still 200 grand is not bad but because the league is getting more recognition for the players that are in it, they can do better and thats why Shels were no push-overs and fair play to them.
College Kids
I wish people would stop throwing out this phrase. The last time I saw Bray's accounts (about two years ago - they can be obtained from the CRO website), they were solvent purely by means of directors' loans, a nominal Player Valuation asset and a large PAYE liability (I would imagine deriving from a standard agreement with Revenue to pay PAYE one year in arrears). I don't doubt that Bray are one of the better run teams in the league, but they do have debts as do every other club.
No we actually dont have any debts, everything has been cleared
You'd be doing well to get that cleaned in two years...
Not saying Bray are in crisis, but no club - no company, in fact - owes absolutely nothing.
Well we might owe an odd couple of hundard euro here or there, but ya know what i mean when i say we owe nothing, unlike the likes of Bohs, Shels, Pats, Waterford etc....
You might want to look at a copy of Bray Wanderers Limited's accounts then, easily obtainable for public perusal if you have a credit card from www.CRO.ie. Creditors of over E500k, with negative shareholders' funds of E200k and a loss for 2003 of E130k. The 2004 accounts aren't available and appear to be late with the Companies Office, which means about another E300 due there as well. 'Fraid Bray quite simply don't "don't owe a penny to anyone".
Again, I don't wish to imply that that's Bray are in crisis, because I don't know about that. That's probably a typical balance sheet for an eL team. But, with respect, it does prove that you're talking nonsense.
I understand Bray’s situation, BUT, if Shelbourne had negotiated a 50% sell on clause with Arsenal for Anthony Stokes, and some club came in with a €2m bid for him, and Arsenal said no way are we selling him because we are only going to get €1m for him, then if I was a Shels official, I’d be straight on the phone to Arsenal looking to see if some deal can be cut. If got €600,000/700,000 in a situation like that I’d be delighted.
It is of course admirable of Bray to take the high moral ground on this issue, but business is business, and as far as I can see, Bray have missed out on a potential chance to earn some “free money”. Certainly, I’d feel more disappointed as a Bray fan that this deal has falling through than as a Shels fan, we, after all, still have a 25 goal-a-season striker.
I agree with the person who said that the 50% sell on clause is actually too much, it means Shels will have to get massive bucks for us to consider selling him, meaning we will also have to get massive bucks for this sell-on clause to be of any use to Bray. In future, Eircom League clubs should stick in a more realistic sell- on clause figure (say 25%), and look for more money up front instead.
2003is the main point in that post.........
Look at your esteemed leader - he agreed with the contract in the first place! If he didn't like the 50% figure, then he should've negotiated a lower one at the time. All in all, shows that Bray had more confidence in Byrne's ability than Shels.
If you attack me with stupidity, I'll be forced to defend myself with sarcasm.
Ah listen - your nett debt doubled from 2002 to 2003; there's no way it's been wiped in the two years since. That's half a million of debt to clear. I refuse to believe any eL club can clear that much debt that quickly. Harps, the model of debt clearance in recent years, have been doing it in chunks of E50k to E100k a year.
Last edited by pineapple stu; 20/12/2005 at 1:25 PM.
Surely you'd have to wait for the audited accounts to be in the CRO to tell for sure (or at least see the audited signed off accounts) - both of you.
If you attack me with stupidity, I'll be forced to defend myself with sarcasm.
Just because one gobshíte at Shels agreed to this 50% clause hasn't got anything to do with having confidence in Jayo!!Macy wrote:
All in all, shows that Bray had more confidence in Byrne's ability than Shels.
If Bray had more confidence in Byrne - Why did they sell him
Who Cares?!
Because we were relegated that season and did'nt really have a choice in the matter as Jason wanted to stay and play in the premier, simple as that really.Just because one gobshíte at Shels agreed to this 50% clause hasn't got anything to do with having confidence in Jayo!!
If Bray had more confidence in Byrne - Why did they sell him
Bray are probably comfortable as they don't show any ambition. They have massive catchment area in south dublin & have as much potential as most dublin clubs. The Carlisle grounds haven't been improived in 10 years either so 100k might have bought at roof or replaced the grass with concrete...?
A roof for a 100k ? replace the grass hill with a new concrete standing area ? jesus i cant wait to see the updates X if thats what you think you could get them for
Posting Permissions
Bookmarks