Gary Hooper

[Liam AAS]

Should Norwich re-new their interest in GH over the summer, would the club be due any money from the transfer?

I understand we walked off with a cool £500k when Celtic bought him from Scunthorpe.

Sorry if this is a repost of an existing thread.

 

[Ayrshire Blue]

Doubt it. We got our sell on when he moved from Scunthorpe to Celtic. Any sell on this time would only benefit Scunthorpe.

 

[Pubey]

Depends if its a sell-on or profit fee


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[Liam AAS]

Can't say I'd expect a lot, it would certainly count as a windfall.

 

[undercovershrimper]

wont get a penny. We got our sell on when he went to Celtic

 

[Pubey]

wont get a penny. We got our sell on when he went to Celtic

Again, depends if it's a sell on fee or a profit fee. If Scunthorpe profit from any sale by Celtic, then I don't see why we shouldn't be entitled to a cut of Scunthorpe's profit.

 

[chapperzUK]

Again, depends if it's a sell on fee or a profit fee. If Scunthorpe profit from any sale by Celtic, then I don't see why we shouldn't be entitled to a cut of Scunthorpe's profit.

I thought we had a percentage of any profit Scunthorpe made on him, so surely it depends is Scunthorpe have a similar agreement with Celtic.

If Celtic do sell him for the reported £4m, Scunthorpe will be due a percentage of the £1.6m profit and therefore we will get a percentage of their percentage.

For example, if both agreements are % of any profit, Scunthorpe get £320k (£1.6m * 20%) and we will get £64k (£320k * 20%). Not a lot, but will help us.

 

[undercovershrimper]

Again, depends if it's a sell on fee or a profit fee. If Scunthorpe profit from any sale by Celtic, then I don't see why we shouldn't be entitled to a cut of Scunthorpe's profit.

Because you only get a cut of the next transfer ie his move from Scunny to Celtic, if he moves on scunny will get a cut and us nothing

 

[Pubey]

Because you only get a cut of the next transfer ie his move from Scunny to Celtic, if he moves on scunny will get a cut and us nothing

I've not seen any evidence that's the case. Our transfer contract with Scunthorpe will have probably said something like '15% of any future profit from selling Hooper'. If Scunthorpe get some more money from a profit-fee they have with Celtic, then we should be entitled to our 15%. I don't see how this deal would end just because it's as a subsequent transfer. I'd hope that the contract is still in place and we can profit from Scunthorpe's profit.

SOUTHEND - SCUNTHORPE
Contract: £175k. 15% profit percentage

SCUNTHORPE - CELTIC
Contract: £2.4m. 20% profit percentage
Scunthorpe make £2.325m
Southend make 15%x£2.325m = 348k (number adds up with Echo estimate)

CELTIC - HULL?
Contract - £4m?
Celtic make £2.6m
Scunthorpe make an additional 20% x £2.6m = £520k ("profit from the sale of Gary Hooper")
Southend hopefully entitled to 15% x £520k = £78k

 

[chapperzUK]

This states that if Hooper is sold for £10m, Scunthorpe could pocket £2.5m from it. Let's hope it is a profit clause!

http://metro.co.uk/2013/02/13/gary-...to-tottenham-as-he-plots-celtic-exit-3475531/

 

[undercovershrimper]

Right peeps its very simple we sell to scunny get a transfer fee. Scunny sell to Celtic we get a cut of the profit. Our involvment with Gary Hooper ends there. you dont get a cut of any and every transfer after the initial sale.

 

[Jam_Man]

Right peeps its very simple we sell to scunny get a transfer fee. Scunny sell to Celtic we get a cut of the profit. Our involvment with Gary Hooper ends there. you dont get a cut of any and every transfer after the initial sale.

Why would that be ?

Lets say Scunthorpe sell Hooper to Celtic for 1 million more than they paid us and we had 10%, we get 100k.

If they then get a further kickback from Celting, say 10% of 10 million that means they have received 2 million from Celtic so should therefore owe another 100k.

Im not sure why its stated that you only get the percentage of the first sale only, I thought it was based on how much money Scunthorpe get. Whilst they still get profit from Hooper we should surely be entitled to our %/

I know its been stated before we wont get any more money, but I can certainly see the logic in why we should.

 

[chapperzUK]

Wasn't this asked at one of those events between the fans and the club?

 

[amsemp]

Why would that be ?

Lets say Scunthorpe sell Hooper to Celtic for 1 million more than they paid us and we had 10%, we get 100k.

If they then get a further kickback from Celting, say 10% of 10 million that means they have received 2 million from Celtic so should therefore owe another 100k.

Im not sure why its stated that you only get the percentage of the first sale only, I thought it was based on how much money Scunthorpe get. Whilst they still get profit from Hooper we should surely be entitled to our %/

I know its been stated before we wont get any more money, but I can certainly see the logic in why we should.

I see what you're saying and it makes a lot of sense. Sadly I don't think it works that way but would be nice if it did!

 

[The Big Dady]

Hull City have made an undisclosed bid, believed to be about £4.5m, for Celtic striker Gary Hooper.

Celtic are understood to value Hooper, who scored 31 goals for the club last season, at about £7m.

Do we get a percentage of any additional profit Scunthorpe make?

 

[chapperzUK]

Hull City have made an undisclosed bid, believed to be about £4.5m, for Celtic striker Gary Hooper.

Celtic are understood to value Hooper, who scored 31 goals for the club last season, at about £7m.

Do we get a percentage of any additional profit Scunthorpe make?

Depends on the clause we had with Scunthorpe, if it was a percentage of any future profits that scunthorpe make then the answer is yes. If it was just a percentage of the sell-on amount then the answer is no.

I think this got answered in one of those fan forums with the club, but can't remember the answer.

 

[Supershrimper]

You can guarantee that Ron is desperately trying to find the contract relating to Hooper under all those unpaid bills in his office

 

[Shrimper2thecore]

You can guarantee that Ron is desperately trying to find the contract relating to Hooper under all those unpaid bills in his office

Let's hope he didn't put it in the chest then

 

[Ricey]

They should of cashed in during the jan transfer window much higher bids. Plus he only has a year left on his contract and will leave on a free next summer. Celtic should cash in.

 

[Jam_Man]

Hull City have made an undisclosed bid, believed to be about £4.5m, for Celtic striker Gary Hooper.

Celtic are understood to value Hooper, who scored 31 goals for the club last season, at about £7m.

Do we get a percentage of any additional profit Scunthorpe make?

Why would they value him at 7m when they turned more down in January?