good point, so are we infact only going to get around £875,000? (thats around 60% right, just off the cuff figure in my head)
If the 40% sell-on is right (and I've seen nothing official to state that it is), Reading would receive about £520,000 (40% of the profit) assuming we paid £200,000 in the first place which seems to be the commonly quoted figure.
That would leave us with just under £1 million up front. The add-ons would also be split 60/40.
I said some time ago that I thought fair value for Cox was £1.5 million so Im not disappointed at all with the fee. If more clubs had entered the bidding we may have got more, but it seems like only WBA were prepared to show the colour of their money.
Given that he has never played above League One level, has only a year left on his contract, and has made it pretty plain that he wants to move on, I think its a very good deal for the club.
West Brom is probably a good club for him to go to because the add-ons likely include a payment if they get promoted which is quite likely. They are also quite likely to go straight back down again, so if he does score goal in the meantime, we may profit from a hefty sell on percentage ourselves in due course.
Its clearly part of the business plan to speculate on young players and hope to realise a profit after a couple of years or so. If we re-invest the money wisely (and I have confidence that Wilson will do that), its a good strategy.
