03 Jul 2018 09:00:18
McGinn update. There is a will by all 3 sides to get the deal done. The £1.5mil reported is the starting point. weeks ago this was submitted. Hibs need to get a deal done as he isn't going to sign an extension, so can't loose him for nothing next year. The money is too good to turn down and financially they cant. When Hibs signed McGinn it cost almost £500k with agent fees/ sign on etc so can't afford to let him run his contract down.
Celtic want McGinn but don't want to pay what Hibs think he's worth so will offer no more than £2mil. Cash + player is an option but Hibs must pay St Mirren 30% of the deal. So if Hibs get a player valued at £500k they must pay 30% of that too ontop of 30% of any cash. Also issues with sell on clauses.
McGinn isn't going to sign a new deal with Hibs but wants Hibs and St Mirren both to benefit from his sale. There are other higher bids (not official yet) but they go for nothing as the player wants a move to Celtic.
The deal will get done but will require a bit of give from both clubs. Hibs want Allan but that will probably be a seperate deal. don't be surprised to see an undisclosed fee when Mcginn is confirmed. Just like when Cummings signed for Notts Forest for £500k.

1.) 03 Jul 2018
03 Jul 2018 21:44:57
McGinn will got to celtic but I've heard the total fee including paymenot to st midden will be nearer £2m but that's what I've heard who knows.

2.) 04 Jul 2018
04 Jul 2018 07:51:45
McGinn cost hibs 150 k from st Mirren with a 33% sell on clause of any future move and a further 10% of any moves after that, this is causing problems with Celtic and they are wanting contract re -written, meaning they would have to compensate st Mirren now. the biggest winners here are undoubtedly st Mirren.

3.) 04 Jul 2018
04 Jul 2018 10:41:02
Having a player of Johns quality at Hibs for 4 seasons. I’d say we have done well having him. Anything we get for him is a bonus.

4.) 04 Jul 2018
04 Jul 2018 10:43:22
Hibs had to pay nearly £500k to sign McGinn as i said in my earlier post. Transfer fee, agent fees, 'exclusive rights fee', sign on fee, admin fee, legal fee, expense fees etc. Signing a player isn't just the transfer fee. How do you think Hibs signed McGinn? Its because the package for him and his agent was excellent. Trust me i know.
As for the 10% from another sell on, that's not worth the paper its written on if it is even written. Who pays the 10%? The selling or buying club? St Mirren (1) don't know who Hibs (2) are going to sell him to (3) nor do they know the other team (4) who want to buy him. So 1 having a contract between 3 and 4 is very difficult if you don't know who they are and don't own the player. If there was a legally enforcable 10% then this would potentially mean 3rd party ownership which i highly doubt is involved. Perhaps in £multi million deals.
The only thing holding this up is valuation figures. Like in every walk of life, if the money is right you do the deal.

5.) 04 Jul 2018
04 Jul 2018 13:09:53
Tbf. I've never heard of that type of transfer, however, in my mind McGinn's away and it's just a case of who or what we get for him. I would prefer players because they have some quality sitting on the sidelines. Christie and Allan would be my 1st pick. Theirs a rumour they are trying to push Ralston on us bu the lad divides opinion.

6.) 04 Jul 2018
04 Jul 2018 13:35:05
Best case scenario for Hibs is to get £2mil and Scott Allan on loan (sign him on precontract in jan) or Celtic pay up his contract in knowledge he is signing for Hibs. This way Hibs don't have to pay the 30% of his value to St Mirren. It means Celtic writing off a sellable asset but it may be worth it if they want the McGinn deal done asap. What Celtic want is to sign McGinn for as little as possible and no player swap. As i said. its all about the £ numbers and both sides giving a little.

7.) 04 Jul 2018
04 Jul 2018 14:39:40
The on loan deal is the best way to avoid squabbles over how much SA is worth. As you say, McGinn cost almost £500K, is St Mirr''s 30% based on the total transfer fee or is it based on profit of sake after the £500K is deducted?

8.) 04 Jul 2018
04 Jul 2018 16:37:48
30% of the total transfer. For example if Hibs were to swap McGinn for a player/ players (no cash) then St Mirren would be aggrieved and put in a complaint, most likely resulting in a valuation for the transfer. This would then have to be paid to St Mirren. i'm certain that it would be the same with a cash/ player deal. This is just one of the many scenarios, and why deals seem like they take ages! If its £2mil and Allan loan then £600k (approx) to St Mirren. If its £2mil and Allan then £750k (approx) to St Mirren. On flip side it means effectively Hibs sign Allan for £150k. Hibs may decide that's a better option, although they pay out more Allan is a player Hibs want.

9.) 04 Jul 2018
04 Jul 2018 16:41:11
St Mirren get 30% of the transfer when Hibs sell him (no deduction of Hibs previous deal with them), for the avoidance of doubt.