Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by RoyalBlue » 30 Apr 2024 18:09

SouthDownsRoyal


What an absolute bozo that man is


I think he should consider changing his legal advisors - absolutely ludicrous claims and assertions about the prospects of winning. I bet they wouldn't have been prepared to launch a lawsuit on a no win, no fee basis! :lol: :lol:

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Royalwaster » 30 Apr 2024 21:00

morganb Interesting* article on German team Schalke on the BBC - saw some similarities to Reading. They were once in their top league (unlike us even competing in the Champions League) but now they are in Bundesliga 2 - the German second tier - close to relegation and have not sensibly sold their Academy products, 'lost' their millionaire owner, etc.

Schalke's fall to the edge of existence


Article in Guardian about Everton also has some alarming parallels.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Winston Biscuit » 15 May 2024 14:30


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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by tidus_mi2 » 15 May 2024 14:46


Relates to Olise's agent and a 10% sell on fee going to him.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by traff » 15 May 2024 14:49




Agent entered into an agreement that would see him eligible for a 10 percent cut of Olise’s future transfer fee, which is prohibited by the FA’s rules. Only clubs and players, not agents, can benefit from such an agreement. No payment was ever made. He starts a suspension in October so can still benefit from the summer transfer window. Expect Olise to move on from Palace this summer then!


Unsure if Howes' suspension will affect the sale as the first 6 months only seem to relate to payer sales.

Will this saga ever end???


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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by WestYorksRoyal » 15 May 2024 14:52

Seems very harsh. We developed Olise, if an agent is strong arming us to push the laws or lose him for free, surely he is the one who has the book thrown at him? Imagine how much suffering could have been avoided at many clubs if Kia had simply been banned for his role in Mascherano and Tevez.

Who knows what this means for the takeover and the club's future - the statement says it has no impact so hopefully we can take that at face value. But I can understand why we did what we did if the agent was insisting on it.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by South Coast Royal » 15 May 2024 15:01

Just another £200,000 for the club to find.
It needs a lot more than my season ticket renewal to cover this latest tale of woe.

By the way, a bot OTT about "many years developing the player" when his early years were away at Chelsea and City.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by The Royal Forester » 15 May 2024 15:05

traff



Agent entered into an agreement that would see him eligible for a 10 percent cut of Olise’s future transfer fee, which is prohibited by the FA’s rules. Only clubs and players, not agents, can benefit from such an agreement. No payment was ever made. He starts a suspension in October so can still benefit from the summer transfer window. Expect Olise to move on from Palace this summer then!


Unsure if Howes' suspension will affect the sale as the first 6 months only seem to relate to payer sales.

Will this saga ever end???

The club statement clearly says Howe's suspension for the first six months is contract and transfer negotiations only the following six months is all football related issues. So, let us hope the sale goes through in the next six months, then. Can't see Nigel staying around the club, or football, after the sale is agreed or should that be IF the sale is agreed, and the club is still here in twelve months time.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Greatwesternline » 15 May 2024 15:30

WTF did we agree to something that wasn't allowed. Clowns the lot of them.


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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by tidus_mi2 » 15 May 2024 15:43

Greatwesternline WTF did we agree to something that wasn't allowed. Clowns the lot of them.

If it makes you feel any better, the same redacted documents revealed that we do in fact have a 10% sell-on for transfer profit in regards to Olise.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by SCIAG » 15 May 2024 15:45

This probably merits a thread of its own?
South Coast Royal By the way, a bot OTT about "many years developing the player" when his early years were away at Chelsea and City.

He was only with City for a year. With us for four.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by WestYorksRoyal » 15 May 2024 15:46

tidus_mi2
Greatwesternline WTF did we agree to something that wasn't allowed. Clowns the lot of them.

If it makes you feel any better, the same redacted documents revealed that we do in fact have a 10% sell-on for transfer profit in regards to Olise.

Who knows what Dai is supposedly selling the club for, but the knowledge that a £5m - £6m windfall may be coming this summer could complicate things. A clause added that the new owner needs to pass some of it on to him?

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by rabidbee » 15 May 2024 15:47

Then he should stump up the £200k now.


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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Stockport Royal » 15 May 2024 15:47

tidus_mi2
Greatwesternline WTF did we agree to something that wasn't allowed. Clowns the lot of them.

If it makes you feel any better, the same redacted documents revealed that we do in fact have a 10% sell-on for transfer profit in regards to Olise.


60mil Olise to United
6mil for us - 200k = 5.8m profit

Happy days right, right?

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by SCIAG » 15 May 2024 15:52

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tidus_mi2
Greatwesternline WTF did we agree to something that wasn't allowed. Clowns the lot of them.

If it makes you feel any better, the same redacted documents revealed that we do in fact have a 10% sell-on for transfer profit in regards to Olise.


60mil Olise to United
6mil for us - 200k = 5.8m profit

Happy days right, right?

The sell-on is on profit, not the raw value.

£60m-£7m=£53m profit for Palace. 10% then comes to us.

So we'd get £5,3m, which becomes £5.1m if you take out the fine.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by SCIAG » 15 May 2024 15:53

WestYorksRoyal
tidus_mi2
Greatwesternline WTF did we agree to something that wasn't allowed. Clowns the lot of them.

If it makes you feel any better, the same redacted documents revealed that we do in fact have a 10% sell-on for transfer profit in regards to Olise.

Who knows what Dai is supposedly selling the club for, but the knowledge that a £5m - £6m windfall may be coming this summer could complicate things. A clause added that the new owner needs to pass some of it on to him?

That doesn't "complicate" things, because Dai would already have been aware of the sell-on fee, and it's far from guaranteed Olise will actually be sold.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Greatwesternline » 15 May 2024 15:58

tidus_mi2
Greatwesternline WTF did we agree to something that wasn't allowed. Clowns the lot of them.

If it makes you feel any better, the same redacted documents revealed that we do in fact have a 10% sell-on for transfer profit in regards to Olise.


Havent we heard form official sources, i.e. Howe or some other, such as Selles, that there categorically is no sell on clause?

One in the eye for the ITKs who claim there was none.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Wycombe Royal » 15 May 2024 15:59

It also won't affect the sale of the club as this would have already been disclosed in the due diligence, even if the penalty wasn't known.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by South Coast Royal » 15 May 2024 16:01

SCIAG This probably merits a thread of its own?
South Coast Royal By the way, a bot OTT about "many years developing the player" when his early years were away at Chelsea and City.

He was only with City for a year. With us for four.


On checking, I see he was at Arsenal for a year as well before 7 years with Chelsea.
So he only needs Liverpool to complete a kind of top 4 set. :D

Unfortunately I fear that he might go to Man Utd.but , if he chooses France as his definite international side, then I think PSG might be the destination .

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by WestYorksRoyal » 15 May 2024 16:20

So almost certainly not going to ruin the sale of the club, and confirmation that we have a sell on clause. Is this actually good news?

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