By my reckoning we've paid a fee for 5 players this summer, so here's my wild uneducated stabs at how much we paid. Better connected Lifers' please post here!!!
Good question - who are they not disclosed to? Do they appear in the accounts?
I imagine they must, but likely only as an aggregate of overall transfer expenditure and don't forget accounts are delayed so by then we will be so focused on our Championship play-off push that we will have forgotten all about it ;-)
Although they are undisclosed, does that mean we will never know or will they have to show it somewhere for everybody to see eventually?
Good question - who are they not disclosed to? Do they appear in the accounts?
We won't get accounts any more as we're no longer a PLC and even then they didn't show fees individually. Not even sure accounts will have to be posted at Companies house as the Co. is registered overseas but some Company law people can clarify that.
As for "fees" a couple of things.
Papers and the internet are often wildly wrong. Someone like the SLP says "£250k deal" but that could mean many things.
£100k plus another £150k of add ons for appearances, promotion etc.
£230k package of wages and a £20k fee
£250k paid upfront in a lump sum ( the most unlikely IMHO)
£250k spread over three years of the contract
And that's assuming, which is a big assumption, that £250k is right in the first place.
Rule of thumb when helping businesses write business plans. take their first projected turnover figure and halve it.
Rule of thumb when you see transfer fees mentioned in the papers. Halve it.
off shore company so wont have any legal obligation to produce accounts let alone publish them or send them to Companies House (who would bin them anyway on account they would not be registered at Companies House UK. We will never know.
Comments
Pretty close IMO but whatever it is its the significant investment we were promised. No-one questioning Slater now !!
Stephens - £350k
Wiggins - £400k
Morrison - £150k
Hamer - £250k
As for "fees" a couple of things.
Papers and the internet are often wildly wrong. Someone like the SLP says "£250k deal" but that could mean many things.
£100k plus another £150k of add ons for appearances, promotion etc.
£230k package of wages and a £20k fee
£250k paid upfront in a lump sum ( the most unlikely IMHO)
£250k spread over three years of the contract
And that's assuming, which is a big assumption, that £250k is right in the first place.
Rule of thumb when helping businesses write business plans. take their first projected turnover figure and halve it.
Rule of thumb when you see transfer fees mentioned in the papers. Halve it.
We don't know what the Jenkinson fee was or what we've paid.
Could be anything and some might have been paid up front, some on appearances etc etc
fees are only part of the equation anyway.
Wages are equally important
As well as the investment in other things such as the academy etc (inc paul hart)
Trips such as the spanish trip and generally loosening other purse strings.
These all add to the "significant investment"
Since the company is registered in the BVI we won't ever see any detailed accounts.