Mills to Leicester 5 Million

[Wycombe Royal]

Remember Doncaster will take a % from this sale

This is true.

20% of around £3m.......

[roadrunner]

Remember Doncaster will take a % from this sale

This is true.

20% of around £3m.......

Of around £3m? We only paid £1m for him upront. The rest based on promotion and we didn't achieve that so surely Doncaster get 20% of £4m?

[T.R.O.L.I.]

Remember Doncaster will take a % from this sale

This is true.

Surely only a % of the profit - remember seeing something after sell-on percentages discussed on another thread and this was the general consenus IIRC...

[Wycombe Royal]

This is true.

20% of around £3m.......

Of around £3m? We only paid £1m for him upront. The rest based on promotion and we didn't achieve that so surely Doncaster get 20% of £4m?

We paid £1.1m up front for Mills and there would have been some add-ons based on appearances as well as promotion, so I guessed at around £1.5m have been paid now.

Jonny Fordham has said the fee is £4.5m rising to £5.5m so we would only take the £4.5m into consideration now. Therefore £4.5m minus £1.5m is £3m. We would then have to pass on 20% of any of the add-ons we recieve as well.

[holsgrove breaks a leg]

Of around £3m? We only paid £1m for him upront. The rest based on promotion and we didn't achieve that so surely Doncaster get 20% of £4m?[/quote]


Hopefully its just 20% of around 1 million as normally the percentage is of the old transfer fee

[T.R.O.L.I.]

Of around £3m? We only paid £1m for him upront. The rest based on promotion and we didn't achieve that so surely Doncaster get 20% of £4m?

Hopefully its just 20% of around 1 million as normally the percentage is of the old transfer fee

Wrong.

[roadrunner]

We paid £1.1m up front for Mills and there would have been some add-ons based on appearances as well as promotion, so I guessed at around £1.5m have been paid now.

Jonny Fordham has said the fee is £4.5m rising to £5.5m so we would only take the £4.5m into consideration now. Therefore £4.5m minus £1.5m is £3m. We would then have to pass on 20% of any of the add-ons we recieve as well.

Yeah alright Carol.

[leicsRoyal]

Here's how the saga played out in the Leicester forum.

Be warned there are 53 pages of it, might want to go in reverse!



http://www.foxestalk.co.uk/forums/index ... opic=74181

[Ian Royal]

Deal of the freaking century and not for Leicester!!

This makes Hughes to Norwich for £500k look a bargain basement price!

Really pleased with this. A player with alot of potential who didn't have the right mentality and thought he was better than he is has gone for big money. A player who put in some fantastic performances, but also some piss poor ones and was a yellow card and goal causing mistake waiting to happen.

Need someone with a bit of pace as a replacement now. Preferably with a bit of experience as well. And we should be able to spend a good £1m -£2m on the centreback and leftback I think the defence needs.

[Svlad Cjelli]

But all our successful signings have been cheapish ones where we've spotted the potential and built on it.

All our crap signings have been expensive ones where we thought we were getting a "finished product" and got a liability instead.

So long may value buys continue.

This is true and the club has done spectacularly well in buying cheap players that have progressed into quality players. However, in the long term the house always wins, you cannot defy gravity and you cannot keep selling players for millions and replacing them with players for thousands without it having a long term drag on performance.

I'd rather we sought to keep the players we've made into the finished article rather than buy the finished article elsewhere.

In an ideal world so would I, but this isn't an ideal world. The financial muscle of Reading FC is so slight that we can't keep the players we've improved - whilst the same is true of just about every club in the world, it seems to hurt us more because we're so good at finding and improving players.

[Royal Lady]

I'll never forget his performance at Cardiff in the PO semi final - he was magnificent.

[phil in cornwall]

BBC website says that this deal equals Leicester's previous record fee - when they paid £5 million for Ade Akinbyi.

They know value for money.

[Sarah Star]

Can't be mad at Mills for going to Leicester for this money. He's helping us out really.

Would be brilliant if we could use the money to persuade Ryan Bertrand to come back and join us. That would be my first preference.

[roadrunner]

I just hope this opens the door now to a few more new faces. This young Irish winger sounds worth a punt and he'll be £150k or so. Go get a decent replacement for Mills, or an understudy to Pearce and the promising Morrison.

[heathrow royal]

Can't be mad at Mills for going to Leicester for this money. He's helping us out really.

Would be brilliant if we could use the money to persuade Ryan Bertrand to come back and join us. That would be my first preference.

Another CB would be my first preference

[Sarah Star]

Can't be mad at Mills for going to Leicester for this money. He's helping us out really.

Would be brilliant if we could use the money to persuade Ryan Bertrand to come back and join us. That would be my first preference.

Another CB would be my first preference

But Harte can play there.... that's my thinking anyway.

[heathrow royal]

True

[URZZ]

I'm sorry, but anyone suggesting Harte playing at CB will suffice... no f_cking thank you.

[Ian Royal]

Who knows, they might just surprise us.

Personally I can see us spending 2 or 3 million on a CB. With Ing, Khish and Mills gone, we are looking a bit naked defensively... So I think Madejski will have to lose some of that fund whether he likes it or not.

But all our successful signings have been cheapish ones where we've spotted the potential and built on it.

All our crap signings have been expensive ones where we thought we were getting a "finished product" and got a liability instead.

So long may value buys continue.

This is true and the club has done spectacularly well in buying cheap players that have progressed into quality players. However, in the long term the house always wins, you cannot defy gravity and you cannot keep selling players for millions and replacing them with players for thousands without it having a long term drag on performance.

I'd rather we sought to keep the players we've made into the finished article rather than buy the finished article elsewhere.

That's not true. It can work if you're constantly looking a season further ahead. So buying each player's cheap replacement before they are sold and building them up to readiness over that player's last season. In fact that's an excellent financial model if you can make it work because your transfers out are far higher than your transfers in, allowing you to either pay higher wages than your standard income would allow, or pay off debt, moving the club closer to the black and removing interest repayment liabilities which in turn free up more money for spending on the squad and remove the risk of administration.

I also wouldn't get too settled on the idea that we won't spend a significant proportion of the money we receive in this transfer. Although you appear to have missed in your first post that the black hole you refer to was a deficit in bidget, so a one off payment will not wipe that out from future spending, only the deficit for last season and maybe this one.

[DOYLERSAROYALER]

This is true.

20% of around £3m.......[/quote]

We paid £1.1m up front for Mills and there would have been some add-ons based on appearances as well as promotion, so I guessed at around £1.5m have been paid now.

Jonny Fordham has said the fee is £4.5m rising to £5.5m so we would only take the £4.5m into consideration now. Therefore £4.5m minus £1.5m is £3m. We would then have to pass on 20% of any of the add-ons we recieve as well.[/quote]


It was £800k plus add-ons many of which havent been achieved