[drs]

Not sure what they are implying?

well thats a bizzare story to say the least. No matter what the final legal outcome, if any, it certainly seems to show that footballer are greedy bandits and in the middle of a recession with interest rates at 0.5% they actually thought they were going to get a 20% return it might just highlight that they are not the sharpest pencil in the case.

[Thumper]

drs, on 22 January 2012 - 08:57, said:

it certainly seems to show that footballer are greedy bandits and in the middle of a recession with interest rates at 0.5% they actually thought they were going to get a 20% return it might just highlight that they are not the sharpest pencil in the case.

People who make the kind of money that footballers do are still raking it in hand over fist in this climate. The issue here is whether these players were misled.

As for the topic subtitle, why on Earth would a player who has spent over a decade in the Football League not be able to afford a £3m house?

This post has been edited by Thumper: 22 January 2012 - 18:06

[a_n_d_o]

drs, on 22 January 2012 - 08:57, said:

Not sure what they are implying?

well thats a bizzare story to say the least. No matter what the final legal outcome, if any, it certainly seems to show that footballer are greedy bandits and in the middle of a recession with interest rates at 0.5% they actually thought they were going to get a 20% return it might just highlight that they are not the sharpest pencil in the case.

If they were greedy do you not think they would have invested far more? I think its probably more a case they would be trying to help him out by investing and if it makes money great. On the right scale and in the right area 20% would easily be achievable, think buy to rent and you can easily get 5-10% in most areas. You should also keep in mind those with lots of capital get better rates, the banks may screw the majority but they look after the rich

[drs]

Thumper, on 22 January 2012 - 18:05, said:

People who make the kind of money that footballers do are still raking it in hand over fist in this climate. The issue here is whether these players were misled.

As for the topic subtitle, why on Earth would a player who has spent over a decade in the Football League not be able to afford a £3m house?

Cos he's a journeyman - if he's been paid enough to be able to afford a £3million house then it explains why so many clubs are on the brink of extinction.

[Thumper]

drs, on 22 January 2012 - 18:43, said:

Cos he's a journeyman

There are two very different types of football journeymen. The first signs one- and two-year deals with clubs, never settles, and roams about at random as his contracts expire. The second moves on because he does well at his clubs and gets to cash in on improved deals and transfer fees. McIndoe is the latter. He's had something like a million quid paid for him in transfer fees in his career. His Championship contracts would almost certainly all have earned him upwards of a million a year in basic wages.

drs, on 22 January 2012 - 18:43, said:

if he's been paid enough to be able to afford a £3million house then it explains why so many clubs are on the brink of extinction.

You've picked a rather odd example.

This post has been edited by Thumper: 22 January 2012 - 19:00

[drs]

How is he an odd example? The sort of player who hovers about the championship and league one for his career - the epitome of a journeyman.

If he can afford a £3million house on his wages then clubs at that level are daft - nae as daft as the players seemingly are for investing in this scheme.

[Thumper]

drs, on 22 January 2012 - 19:19, said:

How is he an odd example? The sort of player who hovers about the championship and league one for his career - the epitome of a journeyman.

See my previous post on how "journeyman" can mean different things. Do you think that somehow being a one-club player makes you inherently better off financially?

drs, on 22 January 2012 - 19:19, said:

If he can afford a £3million house on his wages then clubs at that level are daft - nae as daft as the players seemingly are for investing in this scheme.

The Championship is the fifth-wealthiest league in Europe (placing it above every top-flight league except the Spanish, Italian, English and German). What exactly do you think they should be paying their players?

[SuperCaleyGoBallistic]

drs, on 22 January 2012 - 19:19, said:

How is he an odd example? The sort of player who hovers about the championship and league one for his career - the epitome of a journeyman.

If he can afford a £3million house on his wages then clubs at that level are daft - nae as daft as the players seemingly are for investing in this scheme.

That's the going rate though. If clubs don't pay these kinds of wages they won't move forward. Of course given the financial position that can leave you in if success isn't forthcoming then it's a risk.

[drs]

Thumper, on 22 January 2012 - 20:21, said:

The Championship is the fifth-wealthiest league in Europe (placing it above every top-flight league except the Spanish, Italian, English and German). What exactly do you think they should be paying their players?

Do you honestly think that players such as McIndoe should be in a situation where he has earnt enough to cover a mortgage on a £3million house? It may be a rich league but a hell of a lot of the clubs in it are living beyond their means chasing the dream.

[7-2]

drs, on 22 January 2012 - 20:26, said:

Do you honestly think that players such as McIndoe should be in a situation where he has earnt enough to cover a mortgage on a £3million house? It may be a rich league but a hell of a lot of the clubs in it are living beyond their means chasing the dream.

Why are you assuming that he bought it in his name only and that his only source of income was from football?

[true_rover]

a_n_d_o, on 22 January 2012 - 18:40, said:

If they were greedy do you not think they would have invested far more? I think its probably more a case they would be trying to help him out by investing and if it makes money great. On the right scale and in the right area 20% would easily be achievable, think buy to rent and you can easily get 5-10% in most areas. You should also keep in mind those with lots of capital get better rates, the banks may screw the majority but they look after the rich

Story says 20% return per month though.

[Thumper]

The article (which, let us be reminded, is in the Daily Mail) doesn't even say he bought it, only that he moved into it and what it's worth. Not inconceivable he's only renting.

[Deano1874]

Maybe he's the Derek Lyle of the English leagues

[T_S_A_R]

Thumper, on 22 January 2012 - 18:48, said:

There are two very different types of football journeymen. The first signs one- and two-year deals with clubs, never settles, and roams about at random as his contracts expire. The second moves on because he does well at his clubs and gets to cash in on improved deals and transfer fees. McIndoe is the latter. He's had something like a million quid paid for him in transfer fees in his career. His Championship contracts would almost certainly all have earned him upwards of a million a year in basic wages.



You've picked a rather odd example.

a million quid a year? 20 grand a week at donny rovers, bristol city, barnsley, coventry and wolves? seems unlikely to me.

he's from sighthill in edinburgh so clearly guilty.

[a_n_d_o]

true_rover, on 22 January 2012 - 21:42, said:

Story says 20% return per month though.

Might be achievable if you rent out to footballers
I was responding more to the OP's comments about greed, i'd be surprised if many (or any) details of this story are correct though.
I think the more probable story is he was seriously starting a new company and looked to his former colleagues to help raise the initial capital needed (promising a small return but playing more the friend in need card), started using the money and costs escalated. It happens to experienced companies so for a footballer trying his hand in the market nobody should be surprised if he runs into trouble.

... Or he is a crook and decided to rip off ihs friends.

... Or he ran into massive and debt and was forced into participating in a scam.

Guess we won't know for sure until we see the transcript of his phone calls....

[BradHorse]

Thumper, on 22 January 2012 - 20:21, said:

See my previous post on how "journeyman" can mean different things. Do you think that somehow being a one-club player makes you inherently better off financially?





The Championship is the fifth-wealthiest league in Europe (placing it above every top-flight league except the Spanish, Italian, English and German). What exactly do you think they should be paying their players?

Do you have any proof of this? Surely there's more money in the Russian league for a start? Portugal? Holland? Turkey even? These countries have teams that play in the Champion's League.

[wunfellaff]

Thumper, on 22 January 2012 - 18:48, said:

There are two very different types of football journeymen. The first signs one- and two-year deals with clubs, never settles, and roams about at random as his contracts expire. The second moves on because he does well at his clubs and gets to cash in on improved deals and transfer fees. McIndoe is the latter.

Neither of which are the correct meanjng of 'journeyman', more like a workhorse, box to box player I think.

[LAGer]

T_S_A_R, on 22 January 2012 - 23:59, said:

a million quid a year? 20 grand a week at donny rovers, bristol city, barnsley, coventry and wolves? seems unlikely to me.

he's from sighthill in edinburgh so clearly guilty.

Maybe unlikely but not totally inconceivable I don't think. Also, when he was at Doncaster they went on a pretty good cup run which would've potentially earned him quite high bonus payments. As someone said previously he has been the subject of a few transfers as well which would've given him the chance to claim a signing on fee.

[Jacksgranda]

BradHorse, on 24 January 2012 - 22:32, said:

Do you have any proof of this? Surely there's more money in the Russian league for a start? Portugal? Holland? Turkey even? These countries have teams that play in the Champion's League.

Would it not be more to do with the TV deal that the Championship has?

[H_B]

T_S_A_R, on 22 January 2012 - 23:59, said:

a million quid a year? 20 grand a week at donny rovers, bristol city, barnsley, coventry and wolves? seems unlikely to me.

And me.

[Cowden til i die]

He had a very good spell and im sure he was even close to a full Scotland call up. No way he was on £20k a week though.

How tragic is Keane's sees sense in that picture though.

[Aufc]

drs, on 22 January 2012 - 20:26, said:

Do you honestly think that players such as McIndoe should be in a situation where he has earnt enough to cover a mortgage on a £3million house? It may be a rich league but a hell of a lot of the clubs in it are living beyond their means chasing the dream.

Was he not quite a decent player at one point? I reckon he will not have been far away from 10k a week. Whether he was worth it I am not sure. But it is not inconceivable that he would have a house worth £3m.

[H_B]

Aufc, on 25 January 2012 - 13:34, said:

But it is not inconceivable that he would have a house worth £3m.

It is if his only income was from his footballing exploits.

[HEY_SIDNEY]

My mate playes for Donny n his house is up towards the £1million mark and hes never had a big transfer. Wages from playin with Doncaster for last 3 years. So no, not inconceivable that the lad is able to buy a house for that money in that area.


I dunno if im missing something but is the article in the OP not sayin he was scammin players n stuff in a PONZI - style scheme?? Bentley Continental,£2.8 million pound house, 5 star hotels...?? just a thought.

[Cowden til i die]

My mate plays for Donny too. Maybe they know each other?