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#93722 - 05/08/08 07:26 PM JFF Terminates Alexander Montiero & KAPPA Deal Details.
LINCOLN
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Registered: 12/22/99
Posts: 5574
Loc: san angelo,texas, usa

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 Quote:


JFF News Release


May 7, 2008

Following the quarterly Board of Directors meeting of the Jamaica Football Federation (JFF) held on Tuesday, 6 May, 2008, kindly be advised of the under-mentioned:

Details of the Kappa deal:

The JFF recently agreed a contract with equipment manufacturer Kappa to outfit all nine (9) national teams (Senior, U23, U20, U17 and U15 Men’s and Senior, U20, U17 and U15 Women’s). The following represents the terms for a contract period July 1, 2008 to July 30, 2010:

Signing Fee: USD 120,000

Annual equipment supply value: USD 400,000 (additional USD 150,000 if the Reggae Boyz qualify for the 2010 FIFA World Cup in South Africa) 2010 WC Bonus:

For qualifying for the 2010 WC: USD 350,000

For each game of the knock stage at the WC: USD 100,000

2009 Gold Cup:

For qualifying for the 2009 Gold Cup: USD 100,000

For advancing to the semi finals of the Gold Cup: USD 50,000

For advancing to the finals of the Gold Cup: USD 100,000

Royalty:

The JFF will receive royalty fees of 6% net turnover exceeding the USD 840,000.00 annual threshold.


Forensic Audit:

The JFF received on Thursday, 1st May, 2008, another claim served by the law firm FDB International in England for GBP 500 for unspecified activity. This follows on claim from NVA Management limited (England) now before the courts. The JFF also received a claim from a donor on February 22, 2008 in the mount of GBP 5,000 and which the JFF has still not been able to identify in its accounts

Consequently, and in light of the current debt to the England Football Association in the amount of GBP 153,000 for match tickets received by the JFF for the England vs Jamaica game and the proceeds not turned over to England FA, the JFF Board felt it prudent to order a forensic investigation of the England tour. The fact also that the information

gleaned from the available documentation has so far proved insufficient on the afore-mentioned unresolved issues and that these issues are arriving almost 2 years following the said tour, without notice, the JFF is most uncomfortable with the lack of disclosure in this regard, specifically at the level of the Board.

The JFF will engage one of the major international auditing firms to conduct the forensic audit of the England tour in order to bring closure in this regard.

National Premier League:

The JFF Board gave approval for the formation of a company in partnership with the national premier league clubs to manage the commercial development of the league. The day to day administrative management will continue to reside with the JFF. Discussions with the clubs will continue in the setting up of the afore-mentioned company, to be called the “Premier League Company Limited (PLCL). The final ratification of this company shall reside with the JFF delegates at a Congress, as previously mandated at the JFF Congress held on 4th November, 2007 in Hanover.

The 2008/2009 national premier league season is scheduled to commence on 24 August 2008.

Craig Butler:

The JFF heard the appeal of Mr. Craig Butler against his expulsion from football by KSAFA. Mr. Butler took the KSAFA to court during a process of mediation over a decision that body made in relation to the affiliation of his club, Phoenix All Stars.

KSAFA expelled Mr. Butler on this action as it contravenes the regulations of the JFF and FIFA. No member of the football family is permitted to take the JFF or any of its affiliate before a court of law. The consequence of this action is immediate expulsion from the sport.

The JFF upheld the decision of the KSAFA and implored Mr. Butler to seek council with that body in the rebuilding of his relationship with that body. Mr. Butler cannot organize or participate in any organized football activity anywhere in Jamaica until the ban is lifted.

Technical Staff:

In order to facilitate the full concentration of Technical Director, Rene Simoes and his Assistant Coach Alfredo Montesso towards the National Senior Team World Cup qualification programme, the JFF Board approved the appointment of Brazilian Prof. Walter Gama as Assistant Technical Director with specific responsibility for the youth teams and women’s programme. The Board also terminated the contract of trainer Alexander Montiero as a means of containing cost in regards to the above.

International Friendly Games:

As part of the preparation of the national Team for the World Cup qualification games versus Bahamas, the JFF has organized the following games:

St. Vincent & Grenadines on 3rd June in Kingston, Jamaica

Trinidad & Tobago on 7th June in Port of Spain, Trinidad

Grenada on 10th June in St. Georges, Grenada

FIFA Goal Project:

The JFF received formal approval from the FIFA to proceed with the sale of the Malvern, St. Elizabeth Training Centre. The receipts from this sale, as a stipulation, must be re-invested in the construction of a FIFA Goal Project to be approved by that body. The JFF is also required to submit to FIFA for its approval, the process for disposal of the site.
_________________________
" HOPE FOR THE BEST BUT ALWAYS PREPARE FOR THE WORST.....GO HARD OR GO HOME."

-LINCOLN

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#93735 - 05/09/08 03:42 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: LINCOLN]
king 11
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Registered: 07/28/07
Posts: 123

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well itz not all that rosey in the office.
hmmmmmmm

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#93748 - 05/09/08 07:15 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: king 11]
ZEE
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Registered: 05/29/06
Posts: 519
Loc: Up Yah

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I am very impressed with the above report... Some may feel otherwise, but at least they are making an attempt to be transparent and show us some of what a gwaan so we don't have to speculate and get inna di hear say this and hear say that...
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#93781 - 05/09/08 02:36 PM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: ZEE]
CARTER
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Registered: 07/04/07
Posts: 438
Loc: Toronto, Canada

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Humble lion you see the deal is not bad after all there is some money to be made if sales is could. That 6% royalty seems decent.
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#93782 - 05/09/08 02:43 PM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: CARTER]
shaggybear
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Registered: 03/27/01
Posts: 7809

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If Boxhill and crew can't account for the money it should not be taken lightly.
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#93803 - 05/09/08 05:55 PM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: shaggybear]
CARTER
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Registered: 07/04/07
Posts: 438
Loc: Toronto, Canada

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I think JT and HL can shed some light on the missing pounds they are boxkill supporters. Seriously still Boxhill should be able to account for the missing cash or explain what happen finacially in England. He did a bad job and then stuff is pocket with the heavy pounds.hmmm
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#93820 - 05/10/08 07:28 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: CARTER]
jt Moderator
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Posts: 8200

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Thanks for telling me Carter. I neever knew I was a Boxhill Supporter.

But it shows that we never ever did owe the English FA all those millions as was stated b4. I could never understand why England would invite you to play a friendly and then you end up owing them millions of pounds.

But I can surely understand say yu give tom sweeney 5000 tickets and Jack give Donny Ranks 4000 fi sell and Donny Ranks run off wid the money Tom get vex and him a beg the FA fi help him find Donny, but then a JFF brickwall ina ddi way.. Maybe the wall is Boxhill. Maybe we might see the Captain use the Seaga tactic and put some junior member behind bars.

But then that would be contradictory as The JFF nor Fifa are allowed to use the courts of Law.

So really, if Donny Ranks know this maybe him dun tell a bwoy fi come suck out... or guh jump ina sea.. Maybe even, "if yu tink yu bad, sue mi... "

Yes Zee... Transparency. dem tek off the tint offa di glass or maybe piece strip off by itself. No longer have to peep through the cracks. Hopefully.

So help me out people. Could someone write down the bonuses the team gets if the qualify for the World Cup and for all the stages and for the Gold Cup. I know I will have to bring up some form of discussion or argument nearer the time.
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#94104 - 05/14/08 08:01 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: jt]
Humble Lion
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Registered: 07/30/07
Posts: 538

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 Quote:
Royalty:

The JFF will receive royalty fees of 6% net turnover exceeding the USD 840,000.00 annual threshold.


can someone please break this down for me

does this mean that until kappo recoup $1.7M over 2 years, we will not get a cent for royalty?

does this mean that kappo has to make (back)$1.7M (after tax - pure profit) before we get 6% of the 'brawta?'

so basically when kappo 'break even' then the rest of profits is split 94 -6 in favor of them??

is this how i should interpret this?

or am i missing something (as usual)?

another quick question

the equipment package is 'valued' at $400K

is this market value?
or is it valued at 'cost?'


unuh know seh mi kinda slow already, so any help in figuring this out will be greatly appreci-loved.

BLESS

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#94130 - 05/14/08 03:08 PM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: Humble Lion]
CARTER
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Registered: 07/04/07
Posts: 438
Loc: Toronto, Canada

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6% of sales after them make $840,000 each year. It better than 0% so go out dress up your family in Kappa so sales is good.
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#94144 - 05/14/08 06:04 PM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: CARTER]
Humble Lion
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Registered: 07/30/07
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what a weak response by carter

anybody else wanna take a stab at clarifying this for me?

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#94154 - 05/14/08 07:44 PM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: Humble Lion]
pelepapa
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Registered: 07/24/03
Posts: 1812

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Is that 6% of sales or 6% of profits? Big difference.

It seems like this deal is only worth about $1mil, the rest is based on contingencies which Ja has to meet.

Yet it seems like the 6% royalty to be paid to JA will be based on profits after $840,000 whether the cost to Kappa is $840,000 or not, meaning whether or not JA meet the full contingencies.

Do you guys know how easily accountants can make profits disappear when they have to pay a percentage of it?

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#94156 - 05/14/08 08:30 PM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: pelepapa]
CARTER
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Registered: 07/04/07
Posts: 438
Loc: Toronto, Canada

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HL don't be a critic to my respond when you are obviously weak at understanding the very basic numbers presented by the JFF. Look at it as an incentive for the boyz to perform and drop the gimmie easy mentality. There is no guarantee reggae boyz garments is going to sell if they dont win the games agaisnt Canada, Mexico, Honduras later this year. Do you think Kappa can make the money back between now and then? Do you think people will buy Kappa if the boyz not playing in the tournaments? The extra in the contract is performance based.I am waiting for you to show some appreciation are present a better sponsorship deal since it is not good enough for you.
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#94160 - 05/14/08 10:14 PM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: CARTER]
ddread
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Registered: 12/01/99
Posts: 295

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"If Boxhill and crew can't account for the money it should not be taken lightly."

-respect shaggy for being consistent.


The things that i am not thrilled about are:
1. The incentives should have been higher. $350k for making it to the world cup? are you mad? If we were to sign this deal after we qualified for the world cup it would have been worth $12 million - easy. I guess Burrell does not think we will make it either and so he is getting all he can get for a RUCKs team? Damn.

2. It is a 2 year deal that expires july 30, 2010, just after the 2010 world cup which ends july 11, 2010.

3. The 6% cut could have been on gross instead of net.

I think there is an element of desparation involved. I don't think the kappo is confident that we will advance and he is clearly out of funds... downsizing on the verge of the wc campaign?

come on kappo!

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#94172 - 05/15/08 06:03 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: ddread]
Humble Lion
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Registered: 07/30/07
Posts: 538

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mi naw lie ddread, mi respect yu speech
fi real real
caw at least yu show mi seh yu nuh suh 'partial' like Carter
and you point out 'flaws' inna dis ting yah

carter on the other hand just a sing blind praises and deh pon bare 'personal attack'

again, i man naw seh is not the BEST deal we EVER had

i man just a seh that I honestly think we could have done better

carter a move like him just 'frighten' fi di likkle money

yu seet pele ?!

accountant can value at market or at cost and you will surprised to see the difference

as ddread seh 6% of gross better dan net
and why only 6% if dem dun mek back dem $$ already?

a dem likkle 'fine print' a whole heap a people don't read and end up get juk

tek heed carter

anyway, enough 'hugging up' ddread and pele, 2 a mi biggest adversaries

mi ready fi di 'war' again ;\)

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#94185 - 05/15/08 07:53 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: Humble Lion]
CARTER
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Registered: 07/04/07
Posts: 438
Loc: Toronto, Canada

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Not at all frighten by the likle money HL. You of to be realistic about the reggae boyz product based on what happened in admnistration the past few years.
After Boxhill destroy the reggae boyz brand the kind of money you guys are expecting from sponsorship of to be earned by rebuilding the team and the brand name. You start small and grow from there so let us see the team progress in the qualifying and increase their value before we start asking for 12M. That said I will leave it up to the JFF and their Lawyers to understand the fine print and benefit from the deal. What is the use mistrusting the fine print(HL,PELE)when I have no control. I trust Burrell to understand what he signed and relate that to the players, coaches and the football loving public so that everyone know's that their support is needed for deal to be beneficial.

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#94190 - 05/15/08 08:16 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: CARTER]
Humble Lion
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Registered: 07/30/07
Posts: 538

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you mean we are asking the public to buy $1.7M worth of kappa apparel before JFF can get a cent in royalty??

deh $1.7M could have been made had we sold our own darn 'crimson dawn' shirts with a 'ganja leaf' instead a 2 Italian woman/man pon di chest \:D

as for the fine print

that is where the 'meat' of the info is

what is presented can be VERY misleading if you don't take time to read what is 'hidden' in the fine print

don't believe?
ask all the people who are facing FORECLOSURE of their homes

deh a merka too long fi get ketch dem way deh!

enough of Boxhill already
him is the past
we can't keep blaming things on him
at some point Burrell will ahve to take FULL responsibility

yu can't want praise when things go good
and when dem go bad you balme the past admin

carter, my advice is to forget the 'agenda'
and look at what's good for the boyz, regardless of the admin
the partisan ting naw guh work round here!!

btw, put your TRUST in no man !! ;\)

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#94193 - 05/15/08 08:31 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: Humble Lion]
CARTER
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Registered: 07/04/07
Posts: 438
Loc: Toronto, Canada

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YES dread. A so business go. Kappa make money JFF benefits. HL why didn't you present you plan to oufit the Boyz in Crimson dawn? That said let us wait and let the deal play out before coming some ridiculous conclusion that deal could be better and man don't trust man. I two years when the deal is up if the boyz make the WC we can ask for the to dollars.
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#94195 - 05/15/08 08:41 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: CARTER]
Humble Lion
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Registered: 07/30/07
Posts: 538

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 Quote:
Kappa make money JFF benefits


what is wrong with this picture ??

whose product is it??

assuming you say it is OUR product, why should another company make $$ off OUR product BEFORE we benefit??

a nuh fi wi sinting????

i didn't present a plan because I do not work for the JFF like you do \:D

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#94196 - 05/15/08 08:44 AM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: CARTER]
elkanofan
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Registered: 02/05/08
Posts: 4

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really dont get why were dont have puma to sponsor us, a few years ago they sponsored our nation and did all sorts of stuff to promote jamaica, for the sake of it lol. still they sponsor teams far worse than us yet when it comes to footbal they dont sem intrested???

kappa are good, no one will forget the classic top back in 1998 \:\)

better than ulsport \:\(

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#94212 - 05/15/08 12:39 PM Re: JFF Terminates Alexander Montiero & KAPPA Deal Details. [Re: elkanofan]
pHoQrY
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Registered: 07/24/00
Posts: 2055
Loc: Jamaica

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 Originally Posted By: elkanofan
really dont get why were dont have puma to sponsor us, a few years ago they sponsored our nation and did all sorts of stuff to promote jamaica, for the sake of it lol. still they sponsor teams far worse than us yet when it comes to footbal they dont sem intrested???

kappa are good, no one will forget the classic top back in 1998 \:\)

better than ulsport \:\(


well cause puma dont need the reggae boyz brand to sell jamaican jerseys...they do it fine without them...so the additional cost associated with sponsoring the teams would not be lucrative or present a future gain, i guess.
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