Originally posted by SheepRanger
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That seems to be the most common figure quoted.Originally posted by cross it Dave View PostIs that the £68 million?
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£68 million minus £17 million equals £51 Million profit for Palace.
£51 million times 20% = £10.2 Million to our well deserved directors.
Hopefully they’ll invest a portion of that in the squad.
Ronnie Edward’s for me.
Very happy to be corrected.I have supported Rangers for 55 seasons, since March 1969.
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I always assumed it was a percentage of the actual fee, not the profit? I don't actually know though...Originally posted by cross it Dave View Post£68 million minus £17 million equals £51 Million profit for Palace.
£51 million times 20% = £10.2 Million to our well deserved directors.
Hopefully they’ll invest a portion of that in the squad.
Ronnie Edward’s for me.
Very happy to be corrected.
One thing I do know..... we ain't signing Edwards. His next move is for big bucks to a top club I'm afraid.
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20% of the fee not the profit.Originally posted by cross it Dave View Post£68 million minus £17 million equals £51 Million profit for Palace.
£51 million times 20% = £10.2 Million to our well deserved directors.
Hopefully they’ll invest a portion of that in the squad.
Ronnie Edward’s for me.
Very happy to be corrected.
Also it was recently reported that the £17m went to £20m due to very achievable add ons. £68m x 20% + £20m = £33.6m
I think Sir Les deserves a bit pat on the back for putting that deal together, if it all concludes to the end.
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I have found this.
"There has been much speculation and confusion over the sell on percentage negotiated by former QPR Director of Football Les Ferdinand, although it is now understood to be worth 15% of the profit made by Crystal Palace. While this is a far cry from the 20% of total fee that many Rangers fans may have previously thought, QPR are still set to earn around £5.25 million plus a percentage of the add ons".
I think its a case of the only people that know are those who have seen the contract. One thing is for sure, Nourry wont disclosure the length of a player contract, so nobody will get a straight answer from him.
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