Dembele

Quoted from pontoonlew

Is this daft point going to be made every single time? It was money we knew we were paying Fenty so it is beneficial to the club as it accelerates the process in paying that off and puts money into the playing budget quicker.

How hard is that for people to understand?

Just because everyone understands doesn't make it a good situation. Once he's done hoovering up all our money from transfers and revenue, what exactly are we going to have in the playing budget? This was the only windfall we had coming in and we won't see any of it, we don't currently have any young stars on the books we can sell on for a hopeful windfall in a few years and certainly no money coming in, so no idea where you think we'll get money for transfers from.

As much as I love the idea of the leech sucking the club dry for his own benefit being paid off sooner rather than later it's also frustrating that we won't have any of this money to use.

A step closer to putting fenty once and for all behind us

Quoted from Kris2

Just because everyone understands doesn't make it a good situation. Once he's done hoovering up all our money from transfers and revenue, what exactly are we going to have in the playing budget? This was the only windfall we had coming in and we won't see any of it, we don't currently have any young stars on the books we can sell on for a hopeful windfall in a few years and certainly no money coming in, so no idea where you think we'll get money for transfers from.

As much as I love the idea of the leech sucking the club dry for his own benefit being paid off sooner rather than later it's also frustrating that we won't have any of this money to use.

It’s a tricky one this. There’s certainly a narrative in my head whereby the new owners could / should have pushed harder in terms of agreeing to purchase Fenty’s shares but not his debt (at least not in the short-term) - a debt which could be argued he’d had long enough in control of the club to have repaid had he managed it competently.

Once the Alex May story had leaked, Fenty’s position at the club (and in the Town) had frankly become untenable. I think he came out of it with a pretty good deal all things considered; was his hand really so strong as to have been able to negotiate an arrangement so favourable?

On the flip side, our position at the time was precarious, and Fenty is notoriously obstinate. Perhaps Stockwood and Pettit felt that in conceding on that point and getting the deal done they stood the best chance of keeping us in the football league, which was most paramount of all.

I think, had we been sat 9th in League Two right now and not the Conference, less might get made of this. But, alas, despite the best of efforts and intentions we failed to stay up and find ourselves grinding it out in an unprecedentedly wealthy National League, which only serves to compound the frustration.

I think it’s reasonable to dissect the deal that was done, but only with the acknowledgement that it’s much easier to do with the benefit of hindsight.

I wonder if our owners welcome this statement Peterborough having told us they couldn’t say if a sell on fee was receivable let alone the amount due to confidentiality. As to the statement content it seems contradictory in implying we get a fixed amount but they don’t there take being dependent on future appearances, promotion etc. I supposed they could have renegotiated the position with us before selling Dembele in January on the lines of we are indifferent if we sell him or not so you may got nothing so here’s what we are prepared to give you or won’t sell. Now Peterborough have revealed the position a statement from the owners setting out the position would be transparent .Whatever the machinations we know enough to know that with this the £500 k instalment due last December and other transfer fees in Fenty is either paid off or very close to it and the best course of action would be to move on and stop thinking  or implying it is hindering the forward management of the club.

Quoted from jamesgtfc

Looks like the sell-on is £350k then. Just £150k left until the shackles are off.

The initial fee was £200k, I Think. Plus another £100k when they got promoted, If correct then the additional amount is £200k. If that is 25% of their transfer profit over what they paid us initially, that would make the fee £1 million. But this is largely guesswork on my part.

The £550k, plus I think £250 for Pollock, and £100k for Grist, would mean JF has been repaid £900k. So he is still owed another £600k.

One would hope that at some point he would do the decent thing and donate £200k back to the club, or The Trust. We can but hope.
    

We could have had no saleable assets and took longer to pay JF off, so the three lots of transfer cash have just speeded up the process. He wanted all his money back and that's the deal the new owners agreed, whether you like it or not.

They had already committed to paying that amount and have had three windfalls to help speed along the end point, so maybe they will put some more money into the transfer budget now. The transfers were never guaranteed, especially the latest sell on fee, so it's money they have had on top of expected outgoings. We've had over budget attendances too, so it wouldn't be fantasy to be paying fees for the right players in the summer I would have thought.

Quoted from RonMariner

The initial fee was £200k, I Think. Plus another £100k when they got promoted, If correct then the additional amount is £200k. If that is 25% of their transfer profit over what they paid us initially, that would make the fee £1 million. But this is largely guesswork on my part.

The £550k, plus I think £250 for Pollock, and £100k for Grist, would mean JF has been repaid £900k. So he is still owed another £600k.

One would hope that at some point he would do the decent thing and donate £200k back to the club, or The Trust. We can but hope.
    

And the cow jumped over the moon.

Quoted from RonMariner

The initial fee was £200k, I Think. Plus another £100k when they got promoted, If correct then the additional amount is £200k. If that is 25% of their transfer profit over what they paid us initially, that would make the fee £1 million. But this is largely guesswork on my part.

The £550k, plus I think £250 for Pollock, and £100k for Grist, would mean JF has been repaid £900k. So he is still owed another £600k.

One would hope that at some point he would do the decent thing and donate £200k back to the club, or The Trust. We can but hope.
    

I thought Dembele went for £100k and then we got the additional £100k last summer. That £100k went straight to Fenty along with £250k for Pollock and £100k+ for Grist. So that's £450k+ on top of the £500k he was due on 31st December 2021 meaning the Dembele sell-on takes us into the last £200k.

Quoted from Poojah

It’s a tricky one this. There’s certainly a narrative in my head whereby the new owners could / should have pushed harder in terms of agreeing to purchase Fenty’s shares but not his debt (at least not in the short-term) - a debt which could be argued he’d had long enough in control of the club to have repaid had he managed it competently.

Once the Alex May story had leaked, Fenty’s position at the club (and in the Town) had frankly become untenable. I think he came out of it with a pretty good deal all things considered; was his hand really so strong as to have been able to negotiate an arrangement so favourable?

On the flip side, our position at the time was precarious, and Fenty is notoriously obstinate. Perhaps Stockwood and Pettit felt that in conceding on that point and getting the deal done they stood the best chance of keeping us in the football league, which was most paramount of all.

I think, had we been sat 9th in League Two right now and not the Conference, less might get made of this. But, alas, despite the best of efforts and intentions we failed to stay up and find ourselves grinding it out in an unprecedentedly wealthy National League, which only serves to compound the frustration.

I think it’s reasonable to dissect the deal that was done, but only with the acknowledgement that it’s much easier to do with the benefit of hindsight.

I heard a rumour that 1878, whether it involved Shutes or not, were pivotal in the leak about Alex May. Whether or not that's true, they pushed very hard to take control of the club. You might argue that Fenty's position was untenable, but the club wasn't in a dire financial state and it's pure conjecture as to how many fans would have turned up if he was still here.

So 2 people with an affinity for the club, that may or may not have been involved in the turmoil going on, who had been publicly announcing their plans because they wanted to own it were left in a situation of let it play out, or agree to pay off the loans. It's a pretty strange situation that they agreed to, normally the loans would be taken on by the buyers to make a clean break, but in this case they stayed with Fenty. Maybe it was a shrewd move to deflect criticism if things didn't go so well, maybe they just don't have that much available cash. Doesn't really matter, because they publicly said that they don't see a problem with the loan arrangement and that they want the money they're putting in back too.

Fenty had a club with a decent current account and knew that there was interest in a lot of players that would have left a cash amount similar to his loans. It's a significant amount of money for anybody, and the money he put in was to keep the club going. Regardless of how badly money may have been spent, he didn't let the club go bust and shouldn't be expected to fund other people's vanity project.

Quoted from HerveJosse

I wonder if our owners welcome this statement Peterborough having told us they couldn’t say if a sell on fee was receivable let alone the amount due to confidentiality. As to the statement content it seems contradictory in implying we get a fixed amount but they don’t there take being dependent on future appearances, promotion etc. I supposed they could have renegotiated the position with us before selling Dembele in January on the lines of we are indifferent if we sell him or not so you may got nothing so here’s what we are prepared to give you or won’t sell. Now Peterborough have revealed the position a statement from the owners setting out the position would be transparent .Whatever the machinations we know enough to know that with this the £500 k instalment due last December and other transfer fees in Fenty is either paid off or very close to it and the best course of action would be to move on and stop thinking  or implying it is hindering the forward management of the club.

Twice in a week, I concur!

I would hazard the confidentiality side of it is that revealing the sell-on makes it quite easy to establish the initial fee in an undisclosed transaction. But as a few predicted Darragh MacAnthony can't keep his mouth shut for long when it comes to money.