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Well, I'll swallow your bait.
Contract ends on 2015. And that's that.
Somewhere in there it is also stated that QPR's portion of Park's salary in 2013-14 was roughly 280k GBP (converted from its KRW equivalent), for the entire season.
If the manager decides he doesn't want Park on the team, all they have to do is let PSV buy or keep him on loan another year.Last edited by Joon; 19-02-2014, 03:56 AM.Comment
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Clicked on one article - still in Korean
Clicked on another - "Park has won a contract with the team during the lease does not extend to the end of June next year, with a contract period is over QPR and requires no transfer fee becomes a free agent status" That was from the beginning of this season so looks like one SK media outlet has their info right. Had no need to click on anymore.Comment
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I presume you're referring to the 2nd link (donga.com). The google translation said "end of next year" but the correct translation was "end of next year's season".
In fact, even the google translate stated that the year was 2015:
The correct translation for the above quote is:Meanwhile, the Park is "PSV (lease) contract next summer and ends. 2015 Queens Park Rangers (QPR) and the contract is now the place to go back to the state. 2015 should be even career. What will happen to the remaining six months is around the corner I do not know if that did not retire, "said the retirement age, which means that, according to the tune.
In the meanwhile, Park said, "PSV (loan) contract ends next summer. I am contracted with Queen's Park Rangers (QPR) until 2015 so as of now I must return. I must continue playing until 2015. I am not sure what will happen in the remaining 6 months [at PSV] but my retirement is not far off", effectively stating that he is working on his retirement plans.
Google translate can be confusing, I know, but you are selectively reading. All the articles I've posted above state that Park's contract with QPR ends in 2015. The article your referred to as "evidence" of Park's contract ending in summer 2014 is in fact an article in which Park himself states to Donga Daily News that his QPR contract ends in summer 2015, at which point he will retire and get married, start a new life.Last edited by Joon; 19-02-2014, 10:01 PM.Comment
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I find it baffling that SK are reporting something that could be true/could be false which has never been announced through an official channel.
Lets hope it is false as the club would be making a huge mistake commiting to a years contract of roughly £2-2.6m for a footballer that is no longer up to it in the hope of selling him for 100-500k. Especially when we could still be in the championship. Would be another huge TF mistake, one that would leave a lot of fans baffled.
The maths do not add up.Comment
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Northolt, the player himself is stating directly to the Donga Daily News, one of the top 3 newspapers in Korea, that his contract with QPR ends in 2015. Why would they not report something when they have a reliable first-party source? The player is just as much a first-party to the contract as is QPR.
For God's sake, take it for what it is and what it is not. Stop reading only what you want to read.
QPR paid about 280k GBP to Park in 2013-2014 season, and likely will not be subject to any worse risk than that for 2014-2015 even if they cannot sell and simply continue to loan Park out to PSV. NOT millions, it was only 280k GBP! Because Park agreed to a huge pay cut. It will likely be better or at least similar for 2014-2015 in the worst case scenario.
Why so baffled and upset about a contract extension that had virtually no risk and high chance of some return?Last edited by Joon; 19-02-2014, 11:30 PM.Comment
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You do realise the 280Gbp figure is because we loaned him out right? Meaning PSV will be covering a % of his weekly wage.
Upset would be the wrong emotion to describe my feelings should this happen. Anger would be a better one.
Anger at the fact the club would be throwing a huge amount of money at someone that is not worth it.
What would be the point of retaining him only to loan out again and having to cover a % of his wage when we could just let him go this summer. You would never cut it as a financial advisor, some of the worst logic i have encountered on this site.
While they are at it should they extend another donkeys contract in Zamora? But then i guess you have no interest in him.Comment
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No risk! Are you having a bubble? Obviously been ignoring what i have been telling you.Originally posted by Joon
High chance of return? Absolutely no chance more like, couldn't even flog him last summer because of the large wage he is on. What makes you think that will be any different this summer and a year older....Comment
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Northolt, you are obviously not good at math if you think the one-year contract extension was high-risk.
PSV wanted Park for 2013-2014 but their salary cap was approximately 1 Mil GBP. Since Park's existing contract with QPR was for a much higher salary, Park agreed to take a huge pay cut to accommodate PSV's salary cap and also make it reasonable for QPR. So, it looks like Park agreed to play for less than 1.5 Mil GBP, of which QPR's portion was only 280k GBP. Effectively, TF reduced the club's salary expenditure on Park for 2013-2014 by MILLIONS of GBP, and at the same time, got Park to agree to a one-year extension so that one year later, if Park was in better form, he could possibly be sold for a better price than could have been obtained in the summer of 2013.
Furthermore, Park did go on to have a good season at PSV, so QPR has better cards on the table this time around.
How is this not a good management of cost, risk and return? I am guessing that you are not a financial advisor, and for good reason.Comment
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I feel like i am speaking to a brick wall here.
The figures and facts speak for themself, its on you if you keep ignoring them.
If TF has sanctioned a one year contract extension then it is a crazy, crazy decision.Comment
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In summer 2013, QPR had 1 year left on Park's contract. QPR paid 280k GBP in 2013-2014.
In summer 2014, QPR has 1 year left on Park's contract. The situation is exactly the same as it was last summer. So how did the risk exactly worsen?
Elementary math, just + and - Northolt.
The reality that you continue to reject is that the contract situation is exactly the same as it was last summer, except now Park has regained form and can actually be sold for a better price than last summer.Comment
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Knock knock anyone home, if he is back here for a year then the club would have to pay his salary in full. The 280gbp or whatever is they have paid him this season is because PSV would have been paying a % of it. Lord almighty.Comment
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You are delusional. If you seriously think PSV will not want to keep Park on the same terms, you are coo coo for cocoa puffs.
QPR can demand more of PSV this time around, because Park has been been giving them MotM performances week in week out, for most of this season except when he was injured. He has recovered and been MotM twice in the short time that he has been back.Comment
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Your logic and reasons for wanting him to stay on at QPR are seriously flawed. Any true fan would admit its for the best if he is released this summer.
But to summarise, you think it would be a good idea to retain him so we could be in a good bargaining position when sending him back on loan to PSV. Where we would still more than likely cover a % of his wage.
Money that the club would have no need to cover if they do the sensible thing this summer.
I think this all boils down to your denial and not being able to accept that Park is finished in competitive leagues such as here in England.
It is no surprise he has done ok over in Holland and i would expect nothing less than for you to make out like he is some world beater out there ;-)Comment
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