by happytorq » 31 Jan 2018, 19:50
Yorkieandy wrote: 31 Jan 2018, 09:41
I see what you are saying Plainmoor78 but CO wasn't the owner at the time so shouldn't benefit. The player was developed, sold and had left BEFORE CO bought the club so CO has had no input into paying the players wages etc etc so shouldn't get a penny.
[highlight=yellow]Any player that is sold whilst CO is in charge then that money deservedly should go back to CO to do what he sees fit with it which is unlikely to be to the benefit of TUFC.[/highlight] I would propose that each club has a trust fund set up where monies from past sell on clauses can be set aside and not permitted to be touched by owners who weren't in charge when the player(s) were at the club and sold.
I'm confusing myself now
but hopefully someone will be able to see what i'm trying to say. Whether it would be a good idea or not i don't know but i think it would be a fair idea.
Trust isn't necessarily a bad idea, but probably pretty unworkable.
When you buy a business, you buy all of their liabilities and their assets and you have to deal with both when they arise. a 15% sell on fee is an asset, and as the current owner, Osborne is the one that gets it. If he chooses not to use it to improve the team, that's his decision (and also another sad idictment on the lack of oversight that went into the sale). Putting that into a trust means that the owner wouldn't really own everything, which makes it hard to sell the club.
[quote=Yorkieandy post_id=220230 time=1517391708 user_id=23508]
I see what you are saying Plainmoor78 but CO wasn't the owner at the time so shouldn't benefit. The player was developed, sold and had left BEFORE CO bought the club so CO has had no input into paying the players wages etc etc so shouldn't get a penny.
[highlight=yellow]Any player that is sold whilst CO is in charge then that money deservedly should go back to CO to do what he sees fit with it which is unlikely to be to the benefit of TUFC.[/highlight] I would propose that each club has a trust fund set up where monies from past sell on clauses can be set aside and not permitted to be touched by owners who weren't in charge when the player(s) were at the club and sold.
I'm confusing myself now :lol: but hopefully someone will be able to see what i'm trying to say. Whether it would be a good idea or not i don't know but i think it would be a fair idea.
[/quote]
Trust isn't necessarily a bad idea, but probably pretty unworkable.
When you buy a business, you buy all of their liabilities and their assets and you have to deal with both when they arise. a 15% sell on fee is an asset, and as the current owner, Osborne is the one that gets it. If he chooses not to use it to improve the team, that's his decision (and also another sad idictment on the lack of oversight that went into the sale). Putting that into a trust means that the owner wouldn't really own everything, which makes it hard to sell the club.
