Swindon Town chairman hails Cox deal (From Swindon Advertiser)
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Swindon Town chairman hails Cox deal
7:00am Thursday 9th July 2009 in
ANDREW Fitton is confident Town have done ‘the right deal’ in selling striker Simon Cox to West Brom.
The 32-goal hitman signed a two-year deal at the Championship outfit yesterday after new Hawthorns boss Roberto Di Matteo authorised the transfer.
And Town chairman Fitton said every aspect of the £1.9million deal had been done to the full satisfaction of both player and club.
He also revealed that Town could profit from negotiating a sell-on clause with the Midlands club for the 22-year-old, although he refused to disclose what percentage Town would receive.
“It was important it was a proper deal and it was the right one,” said Fitton.
“It’s a win all-round.
“He scored goals, was popular with the crowd and didn’t cost us very much.He’s got the right move and we’ve got financial reward.
“From the moment we (the two clubs) agreed we never had any questions that the deal would not go through.
“West Brom’s offer was the best offer and we went back to them and said, ‘We think you’re the right club’.
“We asked them to make a couple of changes, which they did. They were great people to deal with and that’s important.”
And when asked what the specific benefits of the deal were for Town, Fitton said: “There was an amount that was guaranteed and add-ons we will get, because he will play football for West Brom.
“These are the kind of things we’ve taken into account.
“You’re dealing with the clubs you want to deal with and it was the right place for him to go.
“Once it was known that we might be willing to sell him, we had six or seven clubs that talked to us but the offer from West Brom was the best offer.”
Town will receive £900,000 for Cox straight up from West Brom and it is believed that £600,000 will be passed on to Reading as part of a sell-on clause, which the clubs negotiated before the striker arrived in Wiltshire.
The Robins may get up to £400,000 in add-ons from the Baggies, depending on how Cox performs for the Championship club.
Fitton added that he felt Cox’s career path was one that was becoming increasingly prevalent in modern football.
He said: “If you’re a young player, unless you happen to be Wayne Rooney, you’re better off starting out at a lower league football club, rather than getting lost in a big club.
“More and more players are going to realise that they are better off coming to clubs like Swindon where they get a chance to shine, and they are given the opportunity to move on if that’s the right thing to do.
“You can use Simon Cox as a model example.”
Comments(71)
umpcah
says...
7:42am Thu 9 Jul 09
Tite_Fitt
says...
7:47am Thu 9 Jul 09
umpcah
says...
7:56am Thu 9 Jul 09
Tite_Fitt wrote:TITE: AF claims a win all-round but it`s hardly that if no replacement is poised to sign for Swindon. With the lads off to Austria on Saturday I thinkl and hope that we shall hear some relevant news very soon.
No mention of a replacement for Cox and no mention of how much of the transfer money will be made available to sign new players.... very disappointing!
Since 1950
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8:02am Thu 9 Jul 09
umpcah
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8:05am Thu 9 Jul 09
Since 1950 wrote:I doubt that the Town would`ve got Coxy if Reading hadn`t seen themselves right !
Sounds to me like Reading have the better of this deal! £900k in and £600k out right away. £300k tops top find a replacement. No mention of how long we have to waite for the add-ons before we see the real benefit of the sale.
gasha
says...
8:19am Thu 9 Jul 09
40% of 1.3m is 520,000 leaving us with 980,000.
As an example, when Ipswich sold Sam Parkin we received nothing even though we had a sell-on clause as they sold him for a loss.
Canna06
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8:19am Thu 9 Jul 09
Swindon Till I Die
says...
8:28am Thu 9 Jul 09
Oh and Tite_Fitt, wouldn't it be better for him not to reveal potential replacements for Cox? And as fans we're not expected to be told the exact money Wilson will be given from the Cox deal, but an interview on the Radio yesterday made it clear he'll get a fair amount of the money. You're just another example of fans demanding to know too much.
luckyluke699
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8:31am Thu 9 Jul 09
gasha wrote:I'm not really sure where the confusion is here, it's really pretty simple!
I think the 600k figure is wrong. Assuming the sell-on is 40%, that is 40% of the *profit* ie 1.3m.
40% of 1.3m is 520,000 leaving us with 980,000.
As an example, when Ipswich sold Sam Parkin we received nothing even though we had a sell-on clause as they sold him for a loss.
We sold Simon for £1,500,000 up front + £400,000 in potential addons.
If Reading had a 40% sell on clause (not necessarily the 'profit') on that £1.5 mil, then the simple maths works as below...
£900,000 (60%)
+£600,000 +(40%)
=£1,500,000 =(100%)
So town will see £900k directly, + up to £400k if Cox does really well and moves onto even bigger and better things, then town could really cash in!
josies giants
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8:32am Thu 9 Jul 09
stfc_tom
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8:38am Thu 9 Jul 09
40% of £900,000 = £360,000. If Reading got £600,000 out of our £900,000 that would be 66.66% not 40%. That really would be a bad deal for STFC lol.
Highworth red
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8:38am Thu 9 Jul 09
Swindon Till I Die
says...
8:43am Thu 9 Jul 09
Highworth red wrote:Explain how we are left with only £300k? Clown.
600 grand to Reading straight away, leaving us with 300 grand. If Coxy doesn't perform then that it. What part of this deal is to the satisfaction of the club. No sign or even rumour of any kind of replacement. This could be a bigger gaff than the Malpas appointment. I know some of you will back Fitton over this (even if he sold Coxy to Oxford for a packet of wotsits) but I think this revelation about the Coxy sale borders on insane.
umpcah
says...
8:45am Thu 9 Jul 09
Swindon Till I Die wrote:If he does it`s gonna be good !
Highworth red wrote: 600 grand to Reading straight away, leaving us with 300 grand. If Coxy doesn't perform then that it. What part of this deal is to the satisfaction of the club. No sign or even rumour of any kind of replacement. This could be a bigger gaff than the Malpas appointment. I know some of you will back Fitton over this (even if he sold Coxy to Oxford for a packet of wotsits) but I think this revelation about the Coxy sale borders on insane.Explain how we are left with only £300k? Clown.
Highworth red
says...
8:50am Thu 9 Jul 09
Swindon Till I Die wrote:"Town will receive £900,000 for Cox straight up from West Brom and it is believed that £600,000 will be passed on to Reading as part of a sell-on clause, which the clubs negotiated before the striker arrived in Wiltshire."
Highworth red wrote: 600 grand to Reading straight away, leaving us with 300 grand. If Coxy doesn't perform then that it. What part of this deal is to the satisfaction of the club. No sign or even rumour of any kind of replacement. This could be a bigger gaff than the Malpas appointment. I know some of you will back Fitton over this (even if he sold Coxy to Oxford for a packet of wotsits) but I think this revelation about the Coxy sale borders on insane.Explain how we are left with only £300k? Clown.
copied and pasted from the article. I love the way people like you insult others for having opinions. You're a real tough ol' internet warrior arn't you, but you wouldn't dare call me a clown face to face. Safe behind your monitor arn't you!
jmostfc
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8:51am Thu 9 Jul 09
umpcah wrote:come on were all waiting!
Swindon Till I Die wrote:If he does it`s gonna be good !Highworth red wrote: 600 grand to Reading straight away, leaving us with 300 grand. If Coxy doesn't perform then that it. What part of this deal is to the satisfaction of the club. No sign or even rumour of any kind of replacement. This could be a bigger gaff than the Malpas appointment. I know some of you will back Fitton over this (even if he sold Coxy to Oxford for a packet of wotsits) but I think this revelation about the Coxy sale borders on insane.Explain how we are left with only £300k? Clown.
jan aage flipflop
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8:54am Thu 9 Jul 09
pretty simple really........lol.
Swindon Till I Die
says...
8:56am Thu 9 Jul 09
Highworth red wrote:You do realise that it's a total misquote. IF the 40% sell-on is true (which I'm under good authority it isn't), then we get given £1.5m straight away (Like the OS said), THEN we give 40% to Reading.
Swindon Till I Die wrote:"Town will receive £900,000 for Cox straight up from West Brom and it is believed that £600,000 will be passed on to Reading as part of a sell-on clause, which the clubs negotiated before the striker arrived in Wiltshire."
Highworth red wrote: 600 grand to Reading straight away, leaving us with 300 grand. If Coxy doesn't perform then that it. What part of this deal is to the satisfaction of the club. No sign or even rumour of any kind of replacement. This could be a bigger gaff than the Malpas appointment. I know some of you will back Fitton over this (even if he sold Coxy to Oxford for a packet of wotsits) but I think this revelation about the Coxy sale borders on insane.Explain how we are left with only £300k? Clown.
copied and pasted from the article. I love the way people like you insult others for having opinions. You're a real tough ol' internet warrior arn't you, but you wouldn't dare call me a clown face to face. Safe behind your monitor arn't you!
Only mugs like yourself believe what the Adver say.
shirtliffter
says...
8:57am Thu 9 Jul 09
Highworth red wrote:What a numpty 900k is after Reading have had their slice(and it is only runour that Reading have a 40% sell on).
600 grand to Reading straight away, leaving us with 300 grand. If Coxy doesn't perform then that it. What part of this deal is to the satisfaction of the club. No sign or even rumour of any kind of replacement. This could be a bigger gaff than the Malpas appointment. I know some of you will back Fitton over this (even if he sold Coxy to Oxford for a packet of wotsits) but I think this revelation about the Coxy sale borders on insane.
When are some of you going to get it in to your thick heads COX was never going to stay here he would have probably refused to play if we blocked a move and end up going for pittance in January.
I have faith that DW will be given the majority of the best part of a million quid to and get the 5 quality players he is after, but quality players are normally being chased by others so we will win some and lose others.
I think we may see a signing or two before saturday mornings flight.
Highworth red
says...
8:57am Thu 9 Jul 09
umpcah
says...
8:59am Thu 9 Jul 09
Swindon Till I Die wrote:HALF-TIME !
Highworth red wrote:You do realise that it's a total misquote. IF the 40% sell-on is true (which I'm under good authority it isn't), then we get given £1.5m straight away (Like the OS said), THEN we give 40% to Reading. Only mugs like yourself believe what the Adver say.Swindon Till I Die wrote:"Town will receive £900,000 for Cox straight up from West Brom and it is believed that £600,000 will be passed on to Reading as part of a sell-on clause, which the clubs negotiated before the striker arrived in Wiltshire." copied and pasted from the article. I love the way people like you insult others for having opinions. You're a real tough ol' internet warrior arn't you, but you wouldn't dare call me a clown face to face. Safe behind your monitor arn't you!Highworth red wrote: 600 grand to Reading straight away, leaving us with 300 grand. If Coxy doesn't perform then that it. What part of this deal is to the satisfaction of the club. No sign or even rumour of any kind of replacement. This could be a bigger gaff than the Malpas appointment. I know some of you will back Fitton over this (even if he sold Coxy to Oxford for a packet of wotsits) but I think this revelation about the Coxy sale borders on insane.Explain how we are left with only £300k? Clown.
Swindon Till I Die
says...
9:00am Thu 9 Jul 09
Highworth red wrote:I'm glad you've admitted you're wrong. Now kiss my feet.
Ooops! I think it misread the article. Reading arn't getting 600 of our 900 grand, thats what I understood. Still don't think its a great deal though for such a good player.
stfc_tom
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9:01am Thu 9 Jul 09
Highworth red wrote:The article also states that the extra £400k due to us in the deal is add on's. If we were getting £900,000 straight away with Reading to take 66.66% of that (£600k) that would mean that £1m would be based on add on's.
Swindon Till I Die wrote:"Town will receive £900,000 for Cox straight up from West Brom and it is believed that £600,000 will be passed on to Reading as part of a sell-on clause, which the clubs negotiated before the striker arrived in Wiltshire." copied and pasted from the article. I love the way people like you insult others for having opinions. You're a real tough ol' internet warrior arn't you, but you wouldn't dare call me a clown face to face. Safe behind your monitor arn't you!Highworth red wrote: 600 grand to Reading straight away, leaving us with 300 grand. If Coxy doesn't perform then that it. What part of this deal is to the satisfaction of the club. No sign or even rumour of any kind of replacement. This could be a bigger gaff than the Malpas appointment. I know some of you will back Fitton over this (even if he sold Coxy to Oxford for a packet of wotsits) but I think this revelation about the Coxy sale borders on insane.Explain how we are left with only £300k? Clown.
I do think the article isn't very well worded but it only takes someone with half a brain to work out that those sums don't add up and relate to yesterdays article.
P*ssed Off
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9:01am Thu 9 Jul 09
Simple arithmetic - simple people!!
Leo Sayer
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9:03am Thu 9 Jul 09
Disdain
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9:04am Thu 9 Jul 09
Think from our boards point of view. They invested £250K and got £1.5M back. This will make them more likely to put up cash for other exciting prospects.
umpcah
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9:06am Thu 9 Jul 09
Leo Sayer wrote:Yes and fans dont have a right to know every detail !
There will be all sorts of clauses in this, if WBA get promoted then guaranteed we get a payout.
Swindon Till I Die
says...
9:07am Thu 9 Jul 09
Disdain wrote:Exactly. And if they're struggling to land their target, they can just use Simon Cox as an example of a player joining the club and moving on to better things.
Well said Fitton. It's this attitude that will make it easier to attract young talent as they know they will be looked after and if they do well can be rewarded with a move that is right for them. The sell on clause we have could be vital if Cox makes it big!
Think from our boards point of view. They invested £250K and got £1.5M back. This will make them more likely to put up cash for other exciting prospects.
umpcah
says...
9:08am Thu 9 Jul 09
Disdain wrote:It`s nice to see some sense and optimism creeping in again !
Well said Fitton. It's this attitude that will make it easier to attract young talent as they know they will be looked after and if they do well can be rewarded with a move that is right for them. The sell on clause we have could be vital if Cox makes it big! Think from our boards point of view. They invested £250K and got £1.5M back. This will make them more likely to put up cash for other exciting prospects.
Highworth red
says...
9:09am Thu 9 Jul 09
Swindon Till I Die wrote:Yes, I was wrong, but I was opposed to the Coxy sale all along anyway, so no figure is going to make me happy. Coxy did state a while ago that he would have been happy to stay. I want the Town to thrive and prosper, but 900 grand isn't a great deal for such quality. I might have been wrong with my figures, but I'm not wrong about you being an internet warrior. Probably 10stone, 5 ft, thick NHS glasses.
Highworth red wrote: Ooops! I think it misread the article. Reading arn't getting 600 of our 900 grand, thats what I understood. Still don't think its a great deal though for such a good player.I'm glad you've admitted you're wrong. Now kiss my feet.
mallorca
says...
9:10am Thu 9 Jul 09
In this climate our club got a good deal, and regardless of what we need to pay Reading in this financial climate our club got the best deal they could.
Think back to 2 years ago we were skint, AF came in sorted out all the financial problems paid 200,000 pounds for Simon Cox.
At the end of the coming season Simon Cox would have been a free agent, ok we would have got something as to his age.
Am fed up of posts saying we were ripped off.
In reply to that we got a player for 2 seasons who played his socks off and deserved to be playing in a higher division.
So at the ennd of the day our club I feel have done as well as they could and considering our sitauation we should give thanks to the Board.
make no bones we will get semi decent replacements soon.
So again well done to our club
Wantage Red
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9:10am Thu 9 Jul 09
However, the priority has got to be getting a replacement (and more). The thing we do not need is more of the Fitton dithering around this. It really is getting pretty close to the wire because DW must need the squad together as the preparatory games start.
We do not yet have the depth and quality needed for the season so come on AF, get it done and support DW.
Swindon Till I Die
says...
9:15am Thu 9 Jul 09
Highworth red wrote:Opposed to the Cox sale? HAHA, do you honestly think we could have kept him and got him to sign a new deal so he doesn't go for next to nothing next summer? Bloodyhellllll.
Swindon Till I Die wrote:Yes, I was wrong, but I was opposed to the Coxy sale all along anyway, so no figure is going to make me happy. Coxy did state a while ago that he would have been happy to stay. I want the Town to thrive and prosper, but 900 grand isn't a great deal for such quality. I might have been wrong with my figures, but I'm not wrong about you being an internet warrior. Probably 10stone, 5 ft, thick NHS glasses.
Highworth red wrote: Ooops! I think it misread the article. Reading arn't getting 600 of our 900 grand, thats what I understood. Still don't think its a great deal though for such a good player.I'm glad you've admitted you're wrong. Now kiss my feet.
Agreed I'm one almighty internet warrior. In fact, I'm gonna get my cyber-sword out in a minute, and cyber-bash you like there's no tomorrow. You have been warned.
Tite_Fitt
says...
9:21am Thu 9 Jul 09
Swindon Till I Die wrote:No, of course I wouldn't expect Fitton to name potential replacements. However, it would have made sense for him to re-assure fans by stating that "finding a replacement for Cox is now a top priority and that money from the sale of Cox is available to be used for any new signings".
Calm down people, it's the Adver that are saying we have to give £600k, not Fitton himself. Even if it is true we've still made a great profit on the boy. Oh and Tite_Fitt, wouldn't it be better for him not to reveal potential replacements for Cox? And as fans we're not expected to be told the exact money Wilson will be given from the Cox deal, but an interview on the Radio yesterday made it clear he'll get a fair amount of the money. You're just another example of fans demanding to know too much.
Another example of poor reporting I'm afraid. The guy at the Adver needs to "pull his socks up" and ask a few more questions!
Swindon Till I Die
says...
9:23am Thu 9 Jul 09
Tite_Fitt wrote:Listen to AF's interview here;
Swindon Till I Die wrote:No, of course I wouldn't expect Fitton to name potential replacements. However, it would have made sense for him to re-assure fans by stating that "finding a replacement for Cox is now a top priority and that money from the sale of Cox is available to be used for any new signings".
Calm down people, it's the Adver that are saying we have to give £600k, not Fitton himself. Even if it is true we've still made a great profit on the boy. Oh and Tite_Fitt, wouldn't it be better for him not to reveal potential replacements for Cox? And as fans we're not expected to be told the exact money Wilson will be given from the Cox deal, but an interview on the Radio yesterday made it clear he'll get a fair amount of the money. You're just another example of fans demanding to know too much.
Another example of poor reporting I'm afraid. The guy at the Adver needs to "pull his socks up" and ask a few more questions!
http://news.bbc.co.u
k/sport1/hi/football
/teams/w/west_bromwi
ch_albion/8124817.st
m
He mentions that we missed out on 2 strikers (1 of them Theo), but that we are in 'very advanced talks' with 2 or 3 strikers.
Highworth red
says...
9:28am Thu 9 Jul 09
Swindon Till I Die wrote:Look, apart from my GSE grade maths, we are obviously never gonna agree on the Coxy saga. I can't deny, the cash is useful, but I'm so sad he's gone. It all depends on who comes in a replacement. As for this coming season, if Coxy's goals pushed us up to the championship, then job done, I would be happy to sell him for a pitance, although if we were in the Championship, he would probably sign an extention. Anyway, its all hypothetical now, he's gone, so maybe I need to forget about Coxy and move on.
Highworth red wrote:Opposed to the Cox sale? HAHA, do you honestly think we could have kept him and got him to sign a new deal so he doesn't go for next to nothing next summer? Bloodyhellllll. Agreed I'm one almighty internet warrior. In fact, I'm gonna get my cyber-sword out in a minute, and cyber-bash you like there's no tomorrow. You have been warned.Swindon Till I Die wrote:Yes, I was wrong, but I was opposed to the Coxy sale all along anyway, so no figure is going to make me happy. Coxy did state a while ago that he would have been happy to stay. I want the Town to thrive and prosper, but 900 grand isn't a great deal for such quality. I might have been wrong with my figures, but I'm not wrong about you being an internet warrior. Probably 10stone, 5 ft, thick NHS glasses.Highworth red wrote: Ooops! I think it misread the article. Reading arn't getting 600 of our 900 grand, thats what I understood. Still don't think its a great deal though for such a good player.I'm glad you've admitted you're wrong. Now kiss my feet.
my security word is book-need, as long as its a 'how to do basic maths' book.
Is that you Lovesey
says...
9:28am Thu 9 Jul 09
Anyhow, I am sure AF and DW are working on a decent replacement.... I would rather find out when we sign them than before and have them pinched from under our noses again !!
Tite_Fitt
says...
9:31am Thu 9 Jul 09
Swindon Till I Die wrote:No speakers with my PC. Remember, I'm "Tite". Howver, I did read AF's comment at the bottom of that article... "Fitton has also revealed that Swindon have already paid out transfer fees this summer, including for Hibernian winger Alan O'Brien".... That's a bit of a fib isn't it? As far as I'm aware we haven't paid out any fees so far!
Tite_Fitt wrote:Listen to AF's interview here; http://news.bbc.co.u k/sport1/hi/football /teams/w/west_bromwi ch_albion/8124817.st m He mentions that we missed out on 2 strikers (1 of them Theo), but that we are in 'very advanced talks' with 2 or 3 strikers.Swindon Till I Die wrote: Calm down people, it's the Adver that are saying we have to give £600k, not Fitton himself. Even if it is true we've still made a great profit on the boy. Oh and Tite_Fitt, wouldn't it be better for him not to reveal potential replacements for Cox? And as fans we're not expected to be told the exact money Wilson will be given from the Cox deal, but an interview on the Radio yesterday made it clear he'll get a fair amount of the money. You're just another example of fans demanding to know too much.No, of course I wouldn't expect Fitton to name potential replacements. However, it would have made sense for him to re-assure fans by stating that "finding a replacement for Cox is now a top priority and that money from the sale of Cox is available to be used for any new signings". Another example of poor reporting I'm afraid. The guy at the Adver needs to "pull his socks up" and ask a few more questions!
Swindon Till I Die
says...
9:44am Thu 9 Jul 09
Tite_Fitt wrote:A lot of people didn't realise that O'Brien actually had a year left on his contract at Hibs, but it was terminated by mutual consent...and it seems we paid some money to allow him to be released from his contract there.
Swindon Till I Die wrote:No speakers with my PC. Remember, I'm "Tite". Howver, I did read AF's comment at the bottom of that article... "Fitton has also revealed that Swindon have already paid out transfer fees this summer, including for Hibernian winger Alan O'Brien".... That's a bit of a fib isn't it? As far as I'm aware we haven't paid out any fees so far!
Tite_Fitt wrote:Listen to AF's interview here; http://news.bbc.co.u k/sport1/hi/football /teams/w/west_bromwi ch_albion/8124817.st m He mentions that we missed out on 2 strikers (1 of them Theo), but that we are in 'very advanced talks' with 2 or 3 strikers.Swindon Till I Die wrote: Calm down people, it's the Adver that are saying we have to give £600k, not Fitton himself. Even if it is true we've still made a great profit on the boy. Oh and Tite_Fitt, wouldn't it be better for him not to reveal potential replacements for Cox? And as fans we're not expected to be told the exact money Wilson will be given from the Cox deal, but an interview on the Radio yesterday made it clear he'll get a fair amount of the money. You're just another example of fans demanding to know too much.No, of course I wouldn't expect Fitton to name potential replacements. However, it would have made sense for him to re-assure fans by stating that "finding a replacement for Cox is now a top priority and that money from the sale of Cox is available to be used for any new signings". Another example of poor reporting I'm afraid. The guy at the Adver needs to "pull his socks up" and ask a few more questions!
I'd imagine we did that instead of just paying a transfer fee because the transfer fee Hibs were asking for was more than what it would cost to release Alan from his contract.
hertz
says...
9:58am Thu 9 Jul 09
red and white dynamite
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11:35am Thu 9 Jul 09
largey
says...
11:40am Thu 9 Jul 09
red and white dynamite wrote:We are giving 600k of West Broms money, not ours. So we have still made 650k from the deal if you take off what we paid + what ever we get from future payments.
thinking about it if we give reading 600k, plus the 250k we paid in the first place thats 850k. we now have 900k from this deal so in essence we have only made 50k on cox (plus the 400k potential add ons).... doesnt look like much of a good deal to me anymore! i know its essentially west brom paying reading but its still what should have been ours.
Swindon Till I Die
says...
11:42am Thu 9 Jul 09
red and white dynamite wrote:I don't know why you're thinking like that. Like you said it's essentially West Brom paying Reading. At the end of the day we have £900k in cash (potentially more with the extra £400k) for a player we bought for £200k. It makes no sense thinking about it the way you are.
thinking about it if we give reading 600k, plus the 250k we paid in the first place thats 850k. we now have 900k from this deal so in essence we have only made 50k on cox (plus the 400k potential add ons).... doesnt look like much of a good deal to me anymore! i know its essentially west brom paying reading but its still what should have been ours.
red and white dynamite
says...
11:47am Thu 9 Jul 09
largey wrote:yeah i know but the 600k is really what we have been given and must pass on.
red and white dynamite wrote:We are giving 600k of West Broms money, not ours. So we have still made 650k from the deal if you take off what we paid + what ever we get from future payments.
thinking about it if we give reading 600k, plus the 250k we paid in the first place thats 850k. we now have 900k from this deal so in essence we have only made 50k on cox (plus the 400k potential add ons).... doesnt look like much of a good deal to me anymore! i know its essentially west brom paying reading but its still what should have been ours.
doing it another way i stand corrected!!
1.25m without the clause would indeed mean 650k with it. many apologies
tabs263
says...
11:49am Thu 9 Jul 09
11:35am Thu 9 Jul 09
thinking about it if we give reading 600k, plus the 250k we paid in the first place thats 850k. we now have 900k from this deal so in essence we have only made 50k on cox (plus the 400k potential add ons)....
No if youre looking at it like that, that weve paid £250k initially and now a further £600k then when we receive the full 1.5mil then we still come out of it with 1.5mil after paying £850k. What ever way you look at it we have made around £700k from the first instalment of the sale, then include the add ons and the sell on clause we have actually made a decent amount of money for the boy.
Yes we would all loved to have seen many more naughts on the end of his valuation but to be honest it isnt a bad price for our league. He could have fetched more as we were a team at the wrong end of the table with one of the best strikers weve seen for a long while. Had we been top of the league more teams would have sat up and noticed him. As for Reading getting 40% sell on if we hadnt agreed to that then we would never have got him in the first place. We can unearth another gem we seem to have a funny knack of finding prolific strikers. We will come good.
shirtliffter
says...
11:52am Thu 9 Jul 09
red and white dynamite wrote:Maths obviously not your strong point.
thinking about it if we give reading 600k, plus the 250k we paid in the first place thats 850k. we now have 900k from this deal so in essence we have only made 50k on cox (plus the 400k potential add ons).... doesnt look like much of a good deal to me anymore! i know its essentially west brom paying reading but its still what should have been ours.
1.5 million - 600k = 900k -250k = 650k with 400k as potential making 950k PROFIT
townend1969
says...
11:59am Thu 9 Jul 09
Tite_Fitt
says...
12:00pm Thu 9 Jul 09
red and white dynamite wrote:Lucky ol' Reading eh? Still, let's try not to be quite so concerned about what they've got out of the deal. It's done and dusted, so no point moaning about it now.
thinking about it if we give reading 600k, plus the 250k we paid in the first place thats 850k. we now have 900k from this deal so in essence we have only made 50k on cox (plus the 400k potential add ons).... doesnt look like much of a good deal to me anymore! i know its essentially west brom paying reading but its still what should have been ours.
Instead we should all be concerned about how our share of the cash will be used. Hopefully the money will be spent wisely and overall the team will be strengthened rather than weakened with the sale of Cox. That should be the aim.
Even Angrier Monkey
says...
12:02pm Thu 9 Jul 09
red and white dynamite
says...
12:05pm Thu 9 Jul 09
shirtliffter wrote:ha believe it or not i did maths and further maths at college. as i put in a post a couple under my original post i stand corrected after re assesing the numbers. never the less 650k plus 400k is 1.05m not 950k... fell at the last hurdle there!
red and white dynamite wrote:Maths obviously not your strong point.
thinking about it if we give reading 600k, plus the 250k we paid in the first place thats 850k. we now have 900k from this deal so in essence we have only made 50k on cox (plus the 400k potential add ons).... doesnt look like much of a good deal to me anymore! i know its essentially west brom paying reading but its still what should have been ours.
1.5 million - 600k = 900k -250k = 650k with 400k as potential making 950k PROFIT
red and white dynamite
says...
12:21pm Thu 9 Jul 09
Even Angrier Monkey wrote:wouldn't worry about me mate i'm sitting pretty with a first from uni
I'm slightly concerned by some posters lack of basic maths or understanding of a deal that really isnt that complicated.
BillyLucas4me
says...
12:24pm Thu 9 Jul 09
So if he stays with WBA and they increase his salary, there is nothing in it for Swindon.
Both Coxy and Lambert did exceptionally well in League l, but there was not exactly a rush to buy either of them.
I suspect that the done deal was as good as could be expected, and we should compliment the Board on their achievement.
red and white dynamite
says...
12:32pm Thu 9 Jul 09
BillyLucas4me wrote:well if coxy is sold to another club it would suggest that he would have had a prilific season with plenty of appearances, thus warranting us to recieve the add ons anyway. as fitton has stated in the interview, there is some sell on clause in the deal done with wba so we would get that on top of the 400k we'd get for simon's successful season
I have a question. Would these add-ons be directly connected to a subsequent sale of Coxy to another Club?If he is resonably successful at West Brom and they achieve promotion it is likely that he would remain with them. He would have to produce a similar scoring level to that achieved for Swindon to be in demand with more fashionable clubs and commanding higher sale prices.
So if he stays with WBA and they increase his salary, there is nothing in it for Swindon.
Both Coxy and Lambert did exceptionally well in League l, but there was not exactly a rush to buy either of them.
I suspect that the done deal was as good as could be expected, and we should compliment the Board on their achievement.
Dogalish
says...
12:43pm Thu 9 Jul 09
red and white dynamite wrote:I think the add-ons would be linked to Cox's performances for West Brom so would maybe be something like: £150,000 if West Brom get promoted, £150,000 when Cox has scored 30 goals and £100,000 when he has made 50 appearances. If West Brom sell Cox then any money due to Swindon from the sell-on clause would be in addition to the £400k that we may get from the add-ons. Does anyone know if Reading would be entitled to a percentage of the £400k add-on fees, or would Swindon get all of that?
BillyLucas4me wrote: I have a question. Would these add-ons be directly connected to a subsequent sale of Coxy to another Club?If he is resonably successful at West Brom and they achieve promotion it is likely that he would remain with them. He would have to produce a similar scoring level to that achieved for Swindon to be in demand with more fashionable clubs and commanding higher sale prices. So if he stays with WBA and they increase his salary, there is nothing in it for Swindon. Both Coxy and Lambert did exceptionally well in League l, but there was not exactly a rush to buy either of them. I suspect that the done deal was as good as could be expected, and we should compliment the Board on their achievement.well if coxy is sold to another club it would suggest that he would have had a prilific season with plenty of appearances, thus warranting us to recieve the add ons anyway. as fitton has stated in the interview, there is some sell on clause in the deal done with wba so we would get that on top of the 400k we'd get for simon's successful season
BillyLucas4me
says...
12:53pm Thu 9 Jul 09
Even Angrier Monkey
says...
1:02pm Thu 9 Jul 09
red and white dynamite wrote:This concerns me even more
Even Angrier Monkey wrote: I'm slightly concerned by some posters lack of basic maths or understanding of a deal that really isnt that complicated.wouldn't worry about me mate i'm sitting pretty with a first from uni
red and white dynamite
says...
1:03pm Thu 9 Jul 09
BillyLucas4me wrote:we'd get 400k providing cox achieves the criteria set out in the add ons part of the deal. which could be similar to what dogalish said (promotion, x number of goals and x number of appearances)
The point of my question was what we would get if he STAYED with WBA. They would not benefit from his sale if he stays with WBA but WBA would get the benefit of his ability if he progresses within the Club.
red and white dynamite
says...
1:08pm Thu 9 Jul 09
Even Angrier Monkey wrote:and why is this? i'm sure you are aware of what a mistake is? i'd pay more attention to sorting out your own issues rather than picking up on a mishap on my part
red and white dynamite wrote:This concerns me even more
Even Angrier Monkey wrote: I'm slightly concerned by some posters lack of basic maths or understanding of a deal that really isnt that complicated.wouldn't worry about me mate i'm sitting pretty with a first from uni
yeti
says...
1:24pm Thu 9 Jul 09
even though it clearly says the figures for cox,idiots still come up with ridiculous maths to dream up what they want.tools!
red and white dynamite
says...
1:35pm Thu 9 Jul 09
yeti wrote:i dont see what your problem is. if you actually read all of the comments you will see i retracted what i initially put and accepted that i was wrong abaout 2 mins after my initial post. its miserable b*st*rds like monkey who cant let things go that give this supporter base a bad name.... get over it people
for gods sake adver mods,end the comments on stfc articles.the utter morons who comment paint a bad picture of stfc supporters.there are a few good posters,but they are few and far between.
even though it clearly says the figures for cox,idiots still come up with ridiculous maths to dream up what they want.tools!
jmostfc
says...
1:38pm Thu 9 Jul 09
yeti wrote:if you dont like them, dont read them. if you dont then it wont affect you
for gods sake adver mods,end the comments on stfc articles.the utter morons who comment paint a bad picture of stfc supporters.there are a few good posters,but they are few and far between. even though it clearly says the figures for cox,idiots still come up with ridiculous maths to dream up what they want.tools!
Is that you Lovesey
says...
1:54pm Thu 9 Jul 09
Even Angrier Monkey
says...
1:54pm Thu 9 Jul 09
red and white dynamite wrote:Eh? I was having a laugh at your wierd maths, next thing I know I represent all thats wrong with the supporter base of STFC!
yeti wrote: for gods sake adver mods,end the comments on stfc articles.the utter morons who comment paint a bad picture of stfc supporters.there are a few good posters,but they are few and far between. even though it clearly says the figures for cox,idiots still come up with ridiculous maths to dream up what they want.tools!i dont see what your problem is. if you actually read all of the comments you will see i retracted what i initially put and accepted that i was wrong abaout 2 mins after my initial post. its miserable b*st*rds like monkey who cant let things go that give this supporter base a bad name.... get over it people
Is that you Lovesey
says...
2:22pm Thu 9 Jul 09
jmostfc wrote:well said JMO !!!!
yeti wrote: for gods sake adver mods,end the comments on stfc articles.the utter morons who comment paint a bad picture of stfc supporters.there are a few good posters,but they are few and far between. even though it clearly says the figures for cox,idiots still come up with ridiculous maths to dream up what they want.tools!if you dont like them, dont read them. if you dont then it wont affect you
Burger Me
says...
3:31pm Thu 9 Jul 09
grim reapers gone
says...
6:38pm Thu 9 Jul 09
Tite_Fitt wrote:good shout, same old story. get the fans to buy the season tickets, then talk about possible moves for players then uumm lets not buy anyone to replace the main man. good luck coxy. get your money back by backing cox to be top scorer for wba. get your finger out fitton and get kevin phillips in, or lambert
No mention of a replacement for Cox and no mention of how much of the transfer money will be made available to sign new players.... very disappointing!
madterrier
says...
7:02pm Thu 9 Jul 09
Can't see that it's the 'right deal' for us. Just that a talented player will always want to leave a lowly division one side to play at a higher level, and there's nothing you can do to stop it.
avo
says...
7:56pm Thu 9 Jul 09
Townend Romain
says...
8:16pm Thu 9 Jul 09
Highworth red wrote:GREAT IDEA...
Swindon Till I Die wrote:Look, apart from my GSE grade maths, we are obviously never gonna agree on the Coxy saga. I can't deny, the cash is useful, but I'm so sad he's gone. It all depends on who comes in a replacement. As for this coming season, if Coxy's goals pushed us up to the championship, then job done, I would be happy to sell him for a pitance, although if we were in the Championship, he would probably sign an extention. Anyway, its all hypothetical now, he's gone, so maybe I need to forget about Coxy and move on. my security word is book-need, as long as its a 'how to do basic maths' book.Highworth red wrote:Opposed to the Cox sale? HAHA, do you honestly think we could have kept him and got him to sign a new deal so he doesn't go for next to nothing next summer? Bloodyhellllll. Agreed I'm one almighty internet warrior. In fact, I'm gonna get my cyber-sword out in a minute, and cyber-bash you like there's no tomorrow. You have been warned.Swindon Till I Die wrote:Yes, I was wrong, but I was opposed to the Coxy sale all along anyway, so no figure is going to make me happy. Coxy did state a while ago that he would have been happy to stay. I want the Town to thrive and prosper, but 900 grand isn't a great deal for such quality. I might have been wrong with my figures, but I'm not wrong about you being an internet warrior. Probably 10stone, 5 ft, thick NHS glasses.Highworth red wrote: Ooops! I think it misread the article. Reading arn't getting 600 of our 900 grand, thats what I understood. Still don't think its a great deal though for such a good player.I'm glad you've admitted you're wrong. Now kiss my feet.
Highworth Red meet up with STID be4 the mk game and give him a PROPPER HIGHWORTH WELCOME...
Sometimes its the only way mate..
why do people try and bully others all the time..
apart from that how is 900k a good deal 4 a first class striker like COXY..
and dont bring up the 400k add ons,that can take years.
DONT THINK WE WILL BE SELLING MENY MORE S/TICKETS DO YOU
inspiron
says...
9:23pm Thu 9 Jul 09
About 6 months ago there was a debate about cox and I put a comment that 40% of the fee was due to reading.Your comment was How did I know that and I did not know what I was talking about.Now you have heard it from Fitton do you still not believe it.
I accept your apology.
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duncan shearer says...
7:39am Thu 9 Jul 09