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Williamson saga rumbles on & on

The 2-way tug of way between Newcastle and Watford - with Pompey reserve Mike Williamson caught in the middle - appears to show no sign of relenting after Sky Sports changed their story yesterday!

Just 48 hours ago, the usually reliable team at Sky "understood" that Watford were "closing in on a deal" for their former centre back with the Hornets even prepared to waive any additional payments due from cash crisis club Portsmouth.

Then just 24 hour later (and obviously after their reporter was given a kicking for duff information) they suddenly "understood" that Newcastle had had a bid accepted for Williamson.

Now, it appears to be common knowledge that the Magpies have mad the first move, slapping in a £1m official bid for the former Wycombe man - a fee that would represent a £2m loss on the Fratton Park financial books after just 6 months.

Here at VitalWatford, we`re not entirely sure what this all means financially for Watford. The Portsmouth moneymen still owe us a whole heap of cash for Williamson even if he is sold (when they could easily escape this by sending him back to Hertfordshire).

Any switch to St James Park would also add to Pompey`s woes with the Hornets having written a hefty sell-on clause into his contract.

We can only hope that the Hornets push and push and push Pompey to pay up and if this runs the South Coast shambles of an outfit into administration then so be it!

Either way, one thing`s for sure, it looks extremely unlikely that Malky Mackay will net his only other January window 'target`… but funnier things have happened.




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The Journalist

Writer: Dr Watford Mail feedback, articles or suggestions

Date:Friday January 22 2010

Time: 10:02AM

Your Comments

If he is sold at a loss then we wont be getting any sell on fee's, if they were to send him back to us on loan, then who will be picking up his Premier league wages? I see that Davenport has started traing again, maybe an option?
ANDY710
Andy - I am no financial whizz but surely 'sell on clause' means exactly that?!? Not 'profit clause'... If they sell for £1m we get a chunk of that as do Wycombe?!?! A loan deal is no good to anyone but Newcastle really.
DrWatford
Having a medical at St James according to Sky at the moment.
wfc123
Amazes me some websites report stuff they don’t understand. A sell on clause is usually a percentage of a fee over and above the sum originally paid so yes it is a ‘profit clause’ if you prefer but when have you ever heard of it referred to as that it just isn’t. Add to that the majority of the fee was reported as being performance linked I doubt we will ever get another penny from the deal other than that already due as part of the initial fee (as transfers are usually paid in instalments). The balance of the fee would however become payable once MW moved on. Unless of course we got stitched up in the same we did to WBA with MW moving initially on loan with a loan fee being paid and completing a free transfer at the end of the deal. Would that be ironic, what goes around comes around as they say!
grahamtaylor
Whilst you are correct Gt with regards to the above, unless specified in the contract between WFC & Pompey, there is no obligation to pay the balance up. This is one of the things that is of concern as Chelsea are still awaiting payments for Johnson who has gone to liverpool and i think Udinaze want their outstanding bill paid too. You can be sure that if the VAT man puts the club in to administration we will be so far down the pecking order, we may get sweet FA. Ellingtons transfer fee was paid in installments and as far as i know the agrred fee has all been paid, the problem with Ellington besides the fact he was a poor signing, is his wages..
ANDY710
We should get him back then sell him to Newcastle.. We don't want him back at the Vic.. Greedy. Greedy. Greedy...
watford1881
apparently Willo has just signed a 2 1/2 yr deal at St James Park on a £1.2m fee....
DrWatford
 

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