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Cardiff transfer embargo remains due to Charlton

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  • vff
    vff Posts: 6,903
    The debt collecting agency is still counted as a footballing debt, so the embargo remains. They did a deal with sunderland about rescheduling payments. I hope we get the money as we need it for the rebuilding and that elusive consistant goal scorer.
  • Crusty54
    Crusty54 Posts: 3,245
    [quote][cite]Posted By: vff[/cite]The debt collecting agency is still counted as a footballing debt, so the embargo remains. They did a deal with sunderland about rescheduling payments. I hope we get the money as we need it for the rebuilding and that elusive co[/quote]

    My point was that the debt may have been factored and that we may have already had the money!
  • vff
    vff Posts: 6,903
    Hmmm. OK. That is a definite possibility.
  • Harveys Trainer
    Harveys Trainer Posts: 445
    I wonder how much we actually got after selling it to a debt collector.
  • guinnessaddick
    guinnessaddick Posts: 28,801
    [cite]Posted By: Harveys Trainer[/cite]I wonder how much we actually got after selling it to a debt collector.

    I think we got £11m - £12 for Bent from £17.5m, so along those lines £300k - £400k.
  • Henry Irving
    Henry Irving Posts: 85,321
    edited July 2010
    [cite]Posted By: guinnessaddick[/cite]
    [cite]Posted By: Harveys Trainer[/cite]I wonder how much we actually got after selling it to a debt collector.

    I think we got £11m - £12 for Bent from £17.5m, so along those lines £300k - £400k.

    That's only because a lump of the bent money went to ipswich.

    Factoring varies but 90 to 95% to my knowledge but then I've only sold quite different types of debts and a while OK.
  • lo fi
    lo fi Posts: 80
    [quote][cite]Posted By: Harveys Trainer[/cite]I wonder how much we actually got after selling it to a debt collector.[/quote]

    I think typical factor fees are 2.5% to 5%. This may have been at the higher end as we are getting the cash up front, and the agency wouldn't be getting it for a year.

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