Jelavic Fee

Herk · July 4, 2012

According to LCAB , since rangers aren't a club anymore we only had to be pay $2.5mil for Jelly, so hopefully this means we have another 3-4mil for Pienaar or someone (inb4 Money to the banks comments)

Deleted member 28206 · July 4, 2012

I don't think lcab said that at all, I think he inferred to a Â£2.5 fee being paid up front, and is owing at least Â£3.9m ( comments i saw from the administrators in fees owed)

So we owe the administrators that fee, and there is no reason to suggest we wouldn't pay it.

Pabbers · July 4, 2012

You see, this is the problem now.

Jelavic is ours, so if (when) we sell say Baines for Â£15 mill, and we spend only Â£8 million, you will get idiots asking 'Where is the Baines Money Bill'

Summerskin · July 4, 2012

I RECKON WE'D GET ABOUT Â£15 MILLION FOR HIM PERSONALLY HE'S ON FIRE

ijjysmith · July 4, 2012

And that's why Summerskin is in Smithy's Fave Five currently.

Herk · July 4, 2012

Bryan said:
I don't think lcab said that at all, I think he inferred to a Â£2.5 fee being paid up front, and is owing at least Â£3.9m ( comments i saw from the administrators in fees owed)

So we owe the administrators that fee, and there is no reason to suggest we wouldn't pay it.

Stuart Austin â€@stublue79
@lcabbabeh is that the initial payment for jelavic? Does the agreement still stand even though rangers dont exist anymore?

1h David â€@lcabbabeh
@stublue79 Its gone . The Co dont exist . 10p in Â£ AT BEST . ed paid some tho .

Gwladys Nights · July 4, 2012

LCAB needs to hire a translator to avoid misunderstandings like this. I got Questlove on the back of me Nike away strip the other day. It's a mare to get off.

Deleted member 28206 · July 4, 2012

Herk said:
Stuart Austin â€@stublue79
@lcabbabeh is that the initial payment for jelavic? Does the agreement still stand even though rangers dont exist anymore?

1h David â€@lcabbabeh
@stublue79 Its gone . The Co dont exist . 10p in Â£ AT BEST . ed paid some tho .

I'm not saying David is wrong, at all. He knows an awful lot more than a lot. I still stand by my statement, why wouldn't everton pay the final installments though!

tasslehoff · July 4, 2012

WHERE IS THE JELAVIC MONEY BILL???

Warzycha's Caterpillar · July 4, 2012

Bryan said:
I'm not saying David is wrong, at all. He knows an awful lot more than a lot. I still stand by my statement, why wouldn't everton pay the final installments though!

I guess it depends what the rest of the fee involves. if it is app based then I doubt he will fulfill it by the time the adminstrators have finished with Rangers. If it's installments over time then I guess the same applies. I'm sure administrators can't force installments to be paid earlier than their due date.

Mety · July 4, 2012

Bryan said:
I'm not saying David is wrong, at all. He knows an awful lot more than a lot. I still stand by my statement, why wouldn't everton pay the final installments though!

Pay it to who? the company we owe arent paying their debts, or if they are like LCAB says, 10p in the pound at best. if we were owed the money we wouldnt be getting it from them!

Herk · July 4, 2012

Warzycha's Caterpillar said:
I guess it depends what the rest of the fee involves. if it is app based then I doubt he will fulfill it by the time the adminstrators have finished with Rangers. If it's installments over time then I guess the same applies. I'm sure administrators can't force installments to be paid earlier than their due date.

The issue is that the old company will be completely gone within 5-6 weeks, which means the rest of the fee is invalid. The supposed deal agreed was over 12/24 months or something, and the administrators will be done in 2 months max. That means either no more gets paid, they demand all of it now (which everton won't have to pay) or they keep getting money until there finished with the admin (1 months worth)

peteblue · July 4, 2012

Herk said:
The issue is that the old company will be completely gone within 5-6 weeks, which means the rest of the fee is invalid. The supposed deal agreed was over 12/24 months or something, and the administrators will be done in 2 months max. That means either no more gets paid, they demand all of it now (which everton won't have to pay) or they keep getting money until there finished with the admin (1 months worth)

Nice piece of business then if true.......

Deleted member 28206 · July 4, 2012

Mety said:
Pay it to who? the company we owe arent paying their debts, or if they are like LCAB says, 10p in the pound at best. if we were owed the money we wouldnt be getting it from them!

I know first hand how administration works, the administrators will seek to collect all debts owed to the company they "bought", it's more a case of everton paying it, rather than the administrators chasing the debtors.

I can't for the life of me think Everton would seek to avoid it.

Herk · July 4, 2012

Bryan said:
I know first hand how administration works, the administrators will seek to collect all debts owed to the company they "bought", it's more a case of everton paying it, rather than the administrators chasing the debtors.

I can't for the life of me think Everton would seek to avoid it.

I do a lot of accounting for firms and i've seen a few go into admin before and this is basically what I get from this

Because the deal is over a long time, Everton won't have to pay all the money up front and the admins can demand it but Everton won't be forced to pay it. Its as simple that Everton deny to pay it, the admins can't do anything about it (other than keep the company alive for the length of the deal, but that won't happen)