Oliver McBurnie

Go on Karl, give a whiz the IP and let's do some digging!!

 

I was at the literary talk at science museum today, Mason was there with Jason McKeown, John Dewhirst and Gary Jones. Someone asked where the money has come from for all this transfer activity. Mason replied it is totally down to Stefan Rupp, he has plugged the black hole of debt and invested in the transfer activity this summer. He had the option to walk away and cut his losses but John Dewhirst said that Rupp feels he has a duty to sort out the financial issues and is doing so.

 

So it should show at some point at Companies House?

 

Absolutely no idea if it's mentioned at companies house but the money came from somewhere to plug the debt and fund the budget for this coming season and its clearly Stefan Rupp. Surely your not suggesting the club weren't in debt after Rahics disaster offering crazy contracts.

 

I’m questioning if he has actually put hard cash in, or just underwritten/guarantor to a debt eg overdraft etc. If it is the second then any money wouldn’t go to him but would go to pay off the debt. If he has put investment in, then it isn’t debt so again the money shouldn’t go back to him rather it should stay in the club, he could take it back as dividends etc. The last option is that he has loaned the club it in which case yes the money should go back to him, but if it is this option then it wouldn’t be included in income for the SCMP rules on what we can spend.

 

I'm no financial guru and maybe @Dennis could add something but surely a bank would need something to guarantee that debt against? I can't see what bank or financial service provider would provide tthat level of funding against any of our assets? We don't have any other than players contracts and that is no guarantee?

I think it's come directly from Rupp and it might show up on company house when the next annual accounts are filed.

 

Tbh, in all of this drama around Oli and what and if City earn xyz, I wish The lad nothing but success. The day he moved to South Wales, I was surprised, no dumbfounded. Today Oli, has proved in the early part of his career that he has the ability, nounce and drive, to achieve.

 

I think we're all rooting for the lad but wouldn't mind City earning something from it.

 

absolutely agree @BradfordBanter , he moved on, made a decent fist of it and hopefully he can continue to do so at a higher level. If we benefit from it, great but good luck to the lad.

 

At one point the overdraft was secured against against Rhodes house, which is why I suggested maybe guarantor.

 

I presume Rupp is guarantor to the Bank, as we don’t have assets. Although I am presuming the Bank charges for such an overdraft? So Rupp might put cash in to avoid charges, who knows, but he is definitely funding the overdraft and this seasons extra expenditure.

Well, we keep having this discussion about Oli McBurnie sell on fee. We have been told by one Mr Julian Rhodes via several media outlets that he compiled the contract, and that there is most definitely is a 15% sell on to come to Bradford City. We now have what appears to be Oli’s twitter account saying there isn’t. He maybe on a wind up, or having laugh at City’s fans expense who knows. What you need to ask yourself in the who do I believe scenario is this, why on earth would JR say there was one if there wasn’t? He has no reason whatsoever to lie about this. Alternatively Oli shouldn’t need to lie either, but then he is not normally responsible for writing his own contracts and most certainly is not involved in the club to club contract, plus he probably not even seen part 1 whereby City and Swansea agree to the circumstances of the sale and future payments.

I can understand why Swansea have put the price up, it was £15 million quoted in the press a few months ago, now it has jumped up to £20 million, maybe due to a further examination of part 1 of the contract. It certainly will impact on Oli, as clubs maybe put off by inflated price.

 

I would like to think Oli McBurnie would not have a laugh at our expense. I can only remember us cheering every touch he had, hoping and praying he would score for us. The City faithful really took him in, he didn't score for us but a lot of people still wanted him to get game time. If he had scored I reckon the cheer would of lifted the roof.

 

I wish him success but i wish us a big windfall more.

 

Completely agree.

And I'm not even that arsed if he has success.

 

I agree and have said I remember this young lad playing his heart out for us. He was young and had loads to learn, but you could still see he had talent.

Obviously, we don’t know what is prompting all this denial of the clause. I am not entirely sure why it would matter to him either way, except to maybe delay his departure if Swansea want to try and somehow recoup the 15%. Apparently it is a complicated contract! However, the club via @Glenn Ackroyd and @wetherbywhaler plus Ryan Sparks, not to mention Parker quoting I presume JR have all stated it is in there. Maybe the wording is ambiguous? Maybe Swansea are trying to wriggle out of it? Obviously they will not want to drag this one out IF there is a dispute, as they are in dire need of some cash.

 

Despite all this, is there, or isnt there, a sell on clause. Do we know of any clubs that are actively pursuing him with a view to signing?

Cannot see any club paying anywhere near £20M thats for sure. How long has he left on his contract?

 

What he actually said was that it would be used to help plug the debts and that even if no windfall materialised, he (Rupp) was still committed to sorting out our financial position, whilst adding £1.2m to the budget.

Whether you see this in the accounts or not, the club are adamant that Rupp has paid off the over-spend from last season plus the £1.2m for this. I think it’s wrong to dismiss Sparks on this comment but believe him when it comes to the clause itself