Wolves wait on Lescott windfall
Thursday 30th July 2009, 11:30AM BST.
Wolves are awaiting developments with increased interest after Everton turned down an £18million bid for Joleon Lescott from Manchester City.
The club negotiated a sell-on clause of at least 10 per cent when Lescott left Molineux in 2006 for £5m. That means Wolves will pocket a slice of the profit Everton made on the initial transfer.
But it is understood the Toffees are now seeking as much as £28million before reconsidering their stance not to sell – a figure which would trigger a £2.3million windfall to Wolves.
An Everton club statement read: “We can confirm we have received a bid of £18m from Manchester City for Joleon Lescott and that has been rejected outright.”
After increasing their bid by £3million, City aren’t expected to get close to the £28million Everton want.
But it seems they will continue chipping away to get their man as big-spending City look to pair Lescott with £15million recruit Kolo Toure from Arsenal, after failing in an audacious bid to prise John Terry from Chelsea.
The Toffees have already rejected an offer of £15million from City for the England international, who made 235 appearances for Wolves from 1997.
It is understood Lescott, who lives in the Manchester area, would be keen to hear City’s plans.
But one bargaining chip disappeared last night, with City defender Nedum Onuoha signing a new five-year contract at Eastlands.
It had been suggested Everton may have been prepared to do business if Onuoha would have been part of a new deal.
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I guess it is up to Joleon, good luck.
The money, although helpful is not our main concern. We need some experienced players who can lead on the pitch. Injuries already to Doyle & Kites seem to have left us short before the season has started.
We need at least 2 experienced premiership players, even if they are 30 years old !
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Come on guys- do your Math – a £28m transfer would see a £2.8m return!!!
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Look at that, lescot left years ago but he is still helping the wolves!!!
People can knock moxey all they want, but this was good a great deal,
we got cash when he played for England and a sell on clause!!
Good luck lescot!!!
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I know the sell on would be nice, but I’d rather Joleon stayed at a proper club than joining that circus at Man City.
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Wont matter because we wont spend it.
We were promised by Moxey on the radio we would not make the same mistakes as promoted teams before, he even quoted the Albion as only spending 19 million and no experience.
This can only be called spin and a plan to sell season tickets. before anyone moans at me for being negative i don’t blame the players and will support the TEAM 100% but i am starting to feel cheated.
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keep waiting J-Lo stays – comon you TOFFEES!!!
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bring in another centre back or expirienced holding midfielder with the money and dont waste it. An ideal player would be paul mcshane from sunderland, danny shittu or mickheal dawson from tottenham if you add a bit more money.
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surely if we have a 10% sell on clause we would get £2.8 million from a £28 million deal for lescott…….
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Shouldn’t we concentrate on our own developments such as bringing in Premier League players to the club? As our own squad is peanuts.
So what if we receive a couple of million from Lescott, what we gonna spend it on? More pies?
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Definate Wolves starters (if everyone is fit):
GK – Hennessey
RB – Foley
CB – Zubar
CB – …?
LB – Elokobi
RM – Kightly
CM – …?
CM – Milijas
LM – Jarvis/Surman
CF – Ebanks-Blake
CF – Doyle
WE definately need to sign a Centre Back (Mancienne/Dunne) and a Centre Midfielder (???)for the first team, as well as another a couple of squad players (Back-up striker/left back). Only then will we have a realistic chance of staying up.
UTW!
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nice few bob for mr morgan to pump into his beloved liverpool aye boing boing ynwa
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3 – i would think the sell on is 10% of any profit.
So if we sold for 5, it would be (28-5) x 10% = 2.3m.
I would think thats how these things work, would be harsh to have a sell on clause if Everton made a loss.
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8 even
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Tez Read read the artical correclty it says 10% of any profit everton make.
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28-5=23
23 x 10% = 2.3
Simple!
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10% on profit. Which if he is sold for £28 m will be £25. Therefore £2.5m from the clause….know you’re right before you have a go!
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reading i think it is 10% above the original £5m.
Please correct me if i am wrong.
We need 2 ch’s and a ch & rb – not mentioning a hardened cmf (please drop the salary mr nolan)
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Read again, 10% of any PROFIT. £28m – £5m = £23m 10% of £23m = £2.3m. That’s only if he requests a transfer other wise Everton would have to pay J-Lo the rest of his 4 yr contract at £40K per week. So could be as low as £1.4m to Sheff Utd
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No 2 & 8 – it was 10% on any PROFIT – ie £28m less £5m = £23m.
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Have a look at the quote guys it’s 10% of profit of £28 Mill – we sold him for £5m – so it’s 10% of 23m
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we get 10% of the profit everton make – they spent £5m on him, so profit is £23m… 10% of £23m = £2.3m. Read the article.
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10% of profit made. 28mil – 5mil = 23mil which gives us 2.3mil
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Its 10% of the PROFIT. We sold lescott for 5mil, 28mil minus 5 mil equals 23mil. 10% of that is 2.3mil!!! C’mon guys no wonder them lot call us dingles!!!
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The maths is correct! It is 10% of any PROFIT made, therefore, if they bought him for £5M and are selling him for £28M then the profit is £23 million and 10% of that is £2.3M. Fair play for getting that clause written in when we sold him though.
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10 % on the PROFIT can you brummies not read ????????
28 – 5 = 23million profit 10 percent of which is 2.3million I think you`ll find.
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Its 10% of the profit. 23mil = 2.3mil
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£28m – £5m cost = £23m profit, 10% of which is £2.3m. Still a lot of money……..
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10% of the profit would be 2.3 million, they didn’t get him for free did they?
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wont be the only fall yam havin,aye boing boing down down
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C’mon boys, it’s all in the small print, 10% of the profit! i.e. £28M – the £6M Everton paid for him = £22M profit, 10% of that = £2.2M. Got it?
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No, it’s 10% on the profit, not the total sale. 25m would get us a cool 2m that we wouldn’t spend on defensive reinforcements we desperately need. Having seen him twice, I’m yet to be convinced by Zubar but hope he will adjust. Surprisingly for me Bobo looked interested and passionate about things despite his reputation but definitely out of practice
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Just goes to show most Wolves fans are pretty thick, it is 2.3 mil…because it is 10% on ‘any profit’ therefore you take the 5 mil they paid us subtract from the 28 mil windfall, which leaves 23 mil 10% of which leaves 2.3 mil…I’ll always back the E&S
I bloody hope the 3 M’s are working there hardest to get 3-4 more players in!
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He is the maths guys……£28 million LESS £5 million Everton paid for Jo = £23 million. Then 10% of 23 million is……….£2.3 million simple aint it.You only get the % sell on clause on the amount paid over and above the original purchase price.
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Think you’ll find that it’s 10% of the difference between what they paid us and what they would get from City. i.e 10% of £23m = £2.3m
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Mr Moxey,
whatever has been said about you – personally or of your wheeling and dealing …. the sort of thing in place for J-L was a master-stroke.
Please dont go back on your word and give the moaners something to direct at you. Please try and make this a premiership STAY not just a yo-yo visit (like last time).
Our relatively kind startup premier fixtures arent so kind without kightly and doyle ….. backup is needed and quick !!!!!!!
Get us some prem experience e.g. Nolan, Murphy, McShane, Warnock,, Boateng,
even primus,Hamann (even if just 1 yr)
and Cranie from pompey
jj
p.s.
not happy with what i have seen of zubar
– anyone seen gary breen ?????
And the email is addressed to Mr J.Moxey as Mr McCarthy is too stubborn to even listen to asupporter.
Please dont ask for a CH guys he will stall until April.
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2,8 10% of the profit doh!
Hopefully Zubar is as good as Nathan says, Milijas is definitely quality and we have a £6.5M cetre forward to back up our 2x golden boot winner, so let’s be positive and look forward to a hard season where we all stick together – hate to say it but look at the crowd at Stoke last season if we start moaning at the first defeat we will be doomed.
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In defence I think that it takes into consideration the £5 that Wolves got for him, £28 Mil – £5 Mil = £23 Mil, 10% is £2.3 Mil
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I think the 10% is on any profit not the straight fee. So if he is sold for £28m less £5m initial transfer fee from Wolves to Everton, would be a difference of £23m. 10% = £2.3m.
Question is would we spend it???
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how do you people get £2.8m as 10% of profit.he wasnt a free transfer
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its 10% of the profit on original deal.
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Good job we hadn’t got a sell on clause for Seyi O! Stoke fans have been going mad at how bad he is, and since they were £500K down when selling him…………………
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2) and 8) We get 10% on anything over the £5 million.
We should still have spare cash, especially with the fee for McCarthy, so hopefully we are still on the look out ourselves!
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Its always 10% of any proffit.
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The sell on clause is 10% after deducting the initial 5m transfer fee. So 28m-5m=23m which is where the 2.3m figure comes from. Irrespective of the money, I think Joleon going to Man City would be great for him, good luck in whatever you do Jo..
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Sell on clauses are normally only on the players increased value. So in this case it would be a very healthy 23 million. Which means we would get 2.3 million.
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Posts 2 and 8 -the sell on clause is based on the profit from the original sale of £5m hence 10% of £23m profit gives the £2.3m figure.
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Guys, the sell on clause will be 10% of any profit Everton make, not the total they sell him for
Hopefully he goes, and i’m sure the money will be used to fund further transfer activity as & when Mick finds the right player at the right cost (including wages as well as transfer and signing on fees)
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2) Tez Read & 8) reading wolf. Sell on clause is on the profit Everton make. We sold Jo for 5m, so if they sell for 28m thats 23m profit. 10% of that = 2.3m for us.
Well done Jez on negotiating this transfer successfully to the benefit of wwfc. Now just need you to pull your finger out and negotiate another 2 or 3 in bound transfer to bring back all the positivity that was around the place until recently. :)
UTW
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By my reckoning we have £18m left of our promotion kitty. Let’s put a bid in for Lescott and get 1.8M back in return :-)
Seriously though I wish the lad luck because he is an awesome player and deserves everything he gets. I too just wish he wasn’t going to city because in spit of all their “signings” a.k.a “mercenaries” I don’t think they’ll play together as a team.
UTW
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Sure you’ll realise but didnt mean for one of these to appear….. 3) typed 3 + ) haha
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2 & 8 Oi !!! Dog heads are you for real, 10% of the profit, take away 5m from 28m = 23m, need i go on lol
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We need more quality to cover injuries as I must have said 100rds of times in these forums. Go and get Ledley, he scores goals is young and creative. We need another QUALITY striker – Try Bobby Zamora, nothing ventured and all that, we could also do with Duff and experienced premiership winger and if we could get Mancienne on loan that would be the icing on the cake.
JOB DONE! WHAT WE LACK IS SOLID EXPERIENCE AND COVER!!!!! :-)
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how do you get 2.8m at 10% of profit at£28m . he was not a free transfer.
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Wolves will get 10% of anything over the 5million we got for him when we sold hinm to Everton, thats why it 2.3million.
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Absolutely superb defender and his versatility is something that John Terry and Ferdinand havent got. 2.8mil take the money and sign a leader. 7- michael dawson would be a fantastic signing but spurs are very short at the back at the mo. Lets go and get Danny Shittu, we need a big bruiser at the back. Craig Gardener from Villa would also be a good signing. Bet the albion wish they could bring players through their system with this quality, infact I bet they wish they could just bring any players through!
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2,8 – A lesson in maths – £28m offered then deduct the £5m paid. This equals £23m. 10% of this equals £2.3m
I didn’t need a calculator, quite simple really.
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It clearly says that Wolves get 10% of any profit that Everton make.
They paid 5 million, so if they get 28 million that’s a 23 million profit.
10% of that is 2.3 million.
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Its 10% of any sell on profit
i.e £28m less £5m originally paid to us = £23m
10% of £23m = £2.3m
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Tez Read & Reading Wolf – Wolves will only receive 10% of any profit made on Lescott. Everton Retain the £5 million they paid to Wolves, and then pay 10% on the remaining £23 million pounds, hence the £2.3 million quoted.
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Who cares – why have we not got rid of Ward yet?
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10..
Nice to see the pop league fans back on here..
clap clap leaving the TM way..Hilarious..
Couldn’t make it up…lol
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Sir Terry, you were very quiet last season, don’t remember seeing to much from you at all…….. good to see you’ve got your boing back and have come out of hiding !!
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Who cares if its £2.3m or £2.8m; the fact is we’ve got money to spend but either they’re to tight to spend it or no body wants to come.
I’m a positive person and would never join the doom and gloom merchants who frequent this site but I will admit to being dissappointed; I can see us starting the season with more or less the same team as last year and that won’t do.
I’ve watched all the uk friendly matches and listened to the usual..just getting fit or the result don’t matter; the fact is we’re not looking good and the seasons two weeks away.
Where are the changes we were promised; this is a re-run of the last premier excursion.
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no3 You think it was a smart deal do you to sell someone for £5m who is 3 years later valued at £20 million plus.It is old ground and we had to sell but at least 12 months before we sold him Moxey stated in the press that we would need an offer of at least £10m before we would sell. The original deal was for £6M and Everton negotiated it down and before any body mentions it Lescott played the full 46 league games the season before we sold him,and 40 plus the season before that. I an sure Moxey did his best in a difficult position but it was a bad deal for the Wolves. I wait to see Zuber on Saturday but in my opinion we still have big problems at centre back which makes the loss of Lescott even more hard to take.
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As a shrewd businessman I would of hoped Moxley would have shown Mc Carthy the door by now, Graeme Souness would be my choice to take over, no nonsense and soon get rid of the arrogant and lazy mentality of current squad.
Our only hope this season is theat in terms of depth this is the worst Premier Legue ever …burnley, bham, stoke, hull, sunderland to name a few.
we should invest the leascott money in quality rahter than slow players like collins and craddock, I would sign wither Andy O’ Brien from Bolton or Chris Morgan from Sheff Utd.
Come on Jez sort it out now before the season starts
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Shouldnt we use the money from the possible lescott deal on an experienced midfielder like Robbie Savage
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We really do make ourselves sound thick sometimes lads!!! it’s 10% of the profit Everton make!!! It’s really not hard!!!
Still think we need a few more players… Def / Forward!!!
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tidy little proffit just think how many mates you could take to the game with that aye boing boing 40 quid
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29 and 51 you steptoes. Get ready for a long hard season!
Friendlies mean nothing but your performances are worse than ours. You never know the great Luke Moore might eventually find the net for you and your £2mill signing that Reading sold for a £100k!
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So.. we are all agreed it’s 10% of the profit.
No matter what the end fee is, it won’t result in anyone else being brought.
It will all end up in the Bank of Moxey where every pound is a prisoner!
Are you lot never satisfied? £15m. of his own personal fortune just to throw at a football team!
Where will it all end?
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We should break the bank on Lescott…the more we spend, the more cashback we’d get! You know it makes sense.
Simon :)
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Henri Camare free transfer??????? no me neither
Dont think we will get mancienne so i would go for
R.DUNNE , S.HUNT , G.BALE , L.LITA & M.KING
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67,thats cuz yow am, aye boing boing 2 short planks
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66 – robbie savage!!!!!!! rather lilly savage
68 – Maybe we could use the money to sponsor your club?
aye boing boing fizzy pop
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I was beginning to think everyone had gone mad, repeating themselves.. and then I realised maybe I should join in….:
Come on guys, you’re all wrong!!!!
It’s 10% on Profit – so that’s 28m-5m=23m *10% =2.3m
Seriously…. ;o)
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So that would be 10% of what then??? not sure enough of u have clarified!!!!!!!
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All of a sudden this sites full of accountants, and another thing, I say Sir Terry Baggie i,m going to put you on my horse and whip you all the way down the Soho Rd. TALLY HO.
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Big bonus for Moxley the rest in Morgans Bin stuff the transfers and the fans.
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Laughingwolf
I thought you worked with figures??????
Glad your not investing my money, lol.
As many of your fellow fans have pointed out, it would be £2.3 million. Titter, titter, titter, buy low sell high.
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No 5
Bang on! Why,s everybody doing Countdown on this
blog. The real issue, Morgan will not spend big
money. Like ince said last night we need to invest
big time to stay up. Can somebody tell if Bournemouth Wolf,s Bobby Zamora.s dad cause he keeps bagging on about him, and he,s CRAP!!!!
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Another non-story from E & S.
Who really thinks City are going to pay £28 m for Lescott. Not a prayer, so lets not worry about calculations until a deal is done!!!
What they should be reporting is that Duff & Guthrie did not play for Newcastle last night against Leeds & we are being heavily linked with Newcastle players.
Guthrie would fit the bill perfectly
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it’s 15% anyway, so all these comments and the article are a waste of time
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just logged on thought i was on the wrong forum thought i logged on to countdown
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Can someone change the tune as this is sounding like a broken record
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My mistake for getting the Maths wrong and I am happy to be corrected once but not 20 times! Clearly the 19 people who corrected me after the first correction cannot read.
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Good to see the kids are still getting Maths lessons throughout the holidays.
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TERRY BAGGIE Can I have the Premier League badge off your Albion shirt for my nice new Wolves top?? Cheers mate. I’d be happy to give you my Fizzy pop badge for yours in exchange…
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forget the money lets have him back
jamie from sunny cornwall
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Reason there’s so many comments on the sell onclasue issue is that they wouldn’t have been there when people posted. Comments only appear once the E & S has moderated them. Admit it does look stupid when this happens though.
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wolves=prem
wba=championship
u do the maths baggies fans!
ha ha
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60 Bob wolf which Ward?
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I have no idea why the club are getting all excited about any windfall from the Lescott sale, we should have more than enough money in the bank.If we assume there is approx £20 million left of Morgans money and there is £20million from Sky ,we have spent say £15 million leaving more than enough to enable us to compete for half decent players.A very worrying situation is developing IMO,with players being injured or not fully fit.Also why have we not sold anyone apart from Potter?
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Hey Tez,
28 mil – 5 mil multiplied by the journey time if 2 trains are driving in opposite directions at 60 miles per hour with 18 people stoking the fire and…. kill me.
So I hope Jo stays with a proper team too.
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87,course you can,and we can swop it back next season,why dont you take your mate to a game the 40 quid will pay for your new new wolves top,aye boing boing down down
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LOL is the author stupid or something?! 10% of £28m is £2.8m!! hahah what an idiot!
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MICK OUT…MICK OUT….MICK OUT…..MICK OUT
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Forget the windfall which may not transpire anyway. COME CLEAN MOXEY, ARE THERE ANY MORE FUNDS FOR TEAM STRENGTHENING, ESPECIALLY WITH OUR INJURY LIST? I am concerned as I’m sure many of you are that we are not being linked with any players of substance at present. This may be a ploy after the James McCarthy fiasco – at least I hope so.
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Stephen Ward the muppet
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What does it matter what we get if JLo moves? Any money will go straight in Poxey Moxey’s back pocket.
Simple as.
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Sir Terry Baggie…
How funny are you? I smell a hint of jealousy with your comments.
YNWA? Spot on squire! We won’t, but you will!!!
de Boing de Boing – The Matteo way now ay?
Loner!!!
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Reading through posts, there is obviously a lot of frustration amongst fans at the failure, so far, to recruit any established premier league players. Please be patient everyone, I am sure that there is a lot of work being done trying to bring in the right players, but competition makes this hard. Also many of the players suggested on this site are probably not going anywhere. Murphy has a new deal lined up at Fulham, Dunne has has stated he wants to stay at City. On a more positive note, it appears that Mancienne is unlikely to be going to Milan on loan.
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ITS UP 2 HIM
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Doubt Man City will spend £28m on Lescott now, even though it would benefit us with the cash etc. Oh well, before the season starts I’d like to see a centre-back (we won’t get Mancienne I don’t think now so Shittu or Davenport would do me now), a centre midfielder (I’d take Julio Arca from Middlesbrough), a back up striker on loan, and a replacement for Kightly. I’d take Jerome Thomas on a free, because I know that we’re not gonna pay big wages and spend much more money. All the promises we had about splashing the cash have turned out to be lies. Should have known. With what we’ve got, my ideal line-up for West Ham would be…
————— Hennessey —————
Foley — Stearman —- Zubar — Elokobi
—————– Henry —————–
Halford ——– Surman ———- Jarvis
—————- Milijas —————-
————– Ebanks-Blake ————-
with Hahnemann, Berra, Ward, Jones, D.Edwards, Keogh and Vokes on the bench.
In my opinion that’s not good enough.
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