Can anyone enlighten me as to exactly how much we received from Nottingham Forest for Jason Cummings?
It came up in conversation that the amount would have appeared in a previous annual report, but I always thought all transfer business was lumped together in those reports, making it still a matter of guesswork as what we got for whom.
Whatever the reason, I obviously have failed to keep up, so can anyone advise me?
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Thread: Jason Cummings transfer fee
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20-08-2019 09:41 AM #1
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Jason Cummings transfer fee
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20-08-2019 09:47 AM #2
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I think it was around 800k mark
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20-08-2019 09:48 AM #3
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20-08-2019 09:49 AM #4
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20-08-2019 09:54 AM #5
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20-08-2019 10:03 AM #6
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I’m sure someone on here knows JC’s dad, he can maybe enlighten us.
"Play for the name on the front of the jersey and the supporters will remember the name on the back"
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20-08-2019 10:06 AM #7
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Transfermarkt says 1.1 million and the Daily Record says ~£1 million
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20-08-2019 10:23 AM #8
Reading all the guff at the time, £500k seemed to make the most sense.
There may be another £500k in add ons which would give the £1 million figure.
Obviously we quickly realised we were not going to get any of the add ons .
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20-08-2019 10:25 AM #9
It was £500k, hence why Warburton was so chuffed when he got him.
Was told by his dad who is a good mate, he laughed when I asked if it was over £1m.Last edited by J-C; 20-08-2019 at 10:37 AM.
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20-08-2019 10:32 AM #10
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As in all these transfers nobody really knows. We need a sworn affidavit signed by JC.
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20-08-2019 10:54 AM #11
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990k according to this.
https://www.transfermarkt.co.uk/jason-cummings/profil/spieler/209583
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20-08-2019 11:01 AM #12This quote is hidden because you are ignoring this member. Show Quote
It's quite possible even the player won't know the figure - unless part of the deal was him getting a percentage, in which case his agent and he would have to be given the exact amount.
It's all just guesswork and hearsay I reckon.
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20-08-2019 11:23 AM #13This quote is hidden because you are ignoring this member. Show Quote
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20-08-2019 12:16 PM #14
We were outraged at the time at the thought of getting under a million. Looks like good business now.
Ah, Jason.
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20-08-2019 09:39 PM #16
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20-08-2019 11:07 PM #17
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While there have been many well intentioned responses, I think yours confirms what I believed...ie just ‘waiting for the accounts’ will not shine a light on a specific deal.
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21-08-2019 06:25 AM #18
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21-08-2019 06:38 AM #19
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Im not itk but just strikes me its possible for forest to have spent £990k on the Cummings transfer (hibs & agents & miscellaneous fees) and for Hibs to have received £500k of it
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21-08-2019 06:50 AM #21
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21-08-2019 08:28 AM #22This quote is hidden because you are ignoring this member. Show Quote
I've looked at both sets of accounts - JC signed for Forest in June 2017 and their year end is 31 May so the cost appears in their 2018 accounts. Transfer fees paid in that year were £6.6m and aren't broken down so that doesn't tell us much at all.
Hibs year end is 30 June so the transfer income appears in the 2017 accounts. Those accounts show: Gain on disposal £476,134; cost of asset disposed £92,792 and Amortisation on Asset disposed £51,429. Those last two are the capitalised costs of players contracts less the amount allocated to revenue over the period of the contract, so the net book value of the disposal was £41,363. Add that to the gain and the amount received by Hibs was £517,497. assuming my first paragraph is correct, and no other players with a book value were sold or released in the year that suggests the base transfer fee was probably a tad over £600,000.
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21-08-2019 08:40 AM #23This quote is hidden because you are ignoring this member. Show Quote
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21-08-2019 08:51 AM #24This quote is hidden because you are ignoring this member. Show Quote
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21-08-2019 09:22 AM #25
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This quote is hidden because you are ignoring this member. Show QuoteLast edited by FilipinoHibs; 21-08-2019 at 10:18 AM.
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21-08-2019 10:27 AM #26This quote is hidden because you are ignoring this member. Show Quote
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21-08-2019 10:30 AM #27
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21-08-2019 11:40 AM #28
A few questions about our finances appearing on here these days, what's that all about??
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21-08-2019 11:47 AM #29
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21-08-2019 01:03 PM #30This quote is hidden because you are ignoring this member. Show Quote
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