Fleet agree Gash sale

Fleet agree Gash sale

More than 2,350 MyFC members cast their votes inside 24 hours and agreed to sell striker Michael Gash to an unnamed club for £55,000.

The total votes in favour numbered 2,215 (94.2%) with 136 (5.8%) no votes.

The offer had been made public on Thursday evening with the terms as follows: 

  • £30,000 on signing
  • £25,000 on 1 January 2010
  • and a sell-on of 20% of money received should Michael Gash be transferred from the unnamed club in the future

In addition, the sell-on fee to Gash’s previous club Cambridge City has been re-negotiated to 15%. This means that £7,000 will go to Cambridge City, with the Fleet grossing £48,000. If in future Michael Gash is transferred by the unnamed club, Cambridge City would receive 30% of the 20% that EUFC would receive from the sale.

Liam Daish commented before the vote result, "Weighing everything up, I think this is the right deal for Ebbsfleet United and Michael Gash. It will make a considerable difference to our playing budget and enable me to bring in a number of the players we’ve been looking at over the last few week. I have spoken to Michael and he has expressed a wish to move on."

Club accountant Graeme Swift added, "Financially, this looks like a sound move for Ebbsfleet United. It will increase our Net playing budget by £890 per week as well as free up the current wages of Micahel Gash. It will certainly give Liam Daish more options."

Michael Gash arrived from Cambridge City in a deal worth £20,000 last summer, paid for from the proceeds of a MyFC pledge. He has also played for Cambridge United

 

 

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