#1 [url]

Mar 29 09 8:19 PM

Peter Griffin wrote:
Posh Imp wrote:
Peter Griffin wrote:
So we've only received £150,000 or we've received £150,000 of any potential sell-on money?

I'm confused.



Basically, the deal was as I said it. We have had £150k which is 25% of £600k, but we will only receive 25% of any future fee in excess of that initial figure of £600k.

You may not believe me, but you will see...


It's also 10% of 1.5 million.

What's the relevance of £600,000?



The relevant figure is 25%.

We received £150k which is 25% of £600k which is why £600k is relevant.

We've got (another) new manager. Will he be a very good manager? I do hope so.