Bale - will Saints cash in?

[jim_bergerac]

Was under impression we had cashed in our sell on clause for Bale during our desperate times prior to administration. Am sure I read somewhere that we'll still receive a fee as part of a youth training sell on agreement? Anybody ITK. Forgive me, if this has already been covered in another post.

[Batman]

get a development fee, or something

[saints_is_the_south]

Yes, we'll receive a solidarity payment of 5% of any transfer fee.

[hypochondriac]

Yes, we'll receive a solidarity payment of 5% of any transfer fee.

 

That's a decent amount then TBF.

[SNSUN]

I think I heard we're entitled to a development fee of about 1% of the transfer fee. So if he goes for £90million, we'd get less than £1million. FAR less than the £10-15million,I guess, that we've given up...

 

Is 1% accurate? It may have been more.

 

EDIT: Ok, above post says 5% so more like £4.5 million. That's a good sum of money then - covers the Mayuka transfer and the loss from the Forren transfer!

[Batman]

That's a decent amount then TBF.

 

throw in the £6m we got for him in the first place for a hot prospect at left back

and the money we got that helped save us when we were in/about to go in admin

 

bale was good for us in many ways

[westmidlandsaint]

The 5 % is pro rata I believe we will get 2.5% as the 5% depends on how many years the player was with the club between certain ages. As we sold Bale at a young age I believe we are only entitled to around half the 5%.