Colos Short and Curlies

id say we haven’t been scrambling around last minute on Minteh, it’s a sale we’ve been lining up all month. let’s take it as a given that we have to sell in any given year, we can sell at the beginning and work to the income received or sell at the end of the year if certain things don’t pan out. A lot of clubs will make that decision and it’s fair for our club to work on the basis of performing well and therefore revert to a plan of selling now. June sales are going to become more common as clubs walk the tightrope, the majority are an injury away from needing an unplanned purchase and then forced sale

Our CFO is pretty well regarded but if I absolutely have to I’ll take the job on

Yeah, that’s the point, we’ve already taken the hit on their wages until the end of the contracts, if we shifted them and didn’t have to pay them then you reverse that and get a benefit. you don’t see anything on the transfer fee amortisation unless you get a fee just wages

Because pretty much all clubs have a June year end so it keeps it clean, and the PSR period is actually a season so the accounting date works as a good proxy for that. its pretty fair to consider transfer activity to be for the coming season as well

Or we bring back the big Joe/little Joe combo down that side

There’s no way we are that far in the eed on PSR to need to sell Minteh and AN Other, I’m not even convinced we have breached without the sale and this is just making sure in case the PL play silly buggers with anything such as the Aussie tour. another thing we could have done - and could still do to release some benefit over the summer is to agree free transfers for the likes of Hayden and Fraser and releasing the wages provision that we’ve booked. Only a couple of million in it but every little helps

Said it first game, that long sleeved Germany shirt is fucking lush

I doubt he’d ever have had the playing time here to get to £60m in 2 years, we may as well bank the £33 and hopefully have a sell on or buy back. its the same as with Toney, had we kept him he would never have become the player he is now. anyway, we still have our Aussie superstar to put all hopes onto

That’s like asking would you rather give a blowjob to Hulk Hogan or a pounding from Andre the Giant

tbf that one is a belta. round the campfire, beer in hand level conversation is section 23

Looks like we may sell. theres nothing to say that we are driving the sales, just as likely that we have been approached

There’s no guarantee that he’d get the game time here to build his value that high so it’s pointless worrying about what he might be worth at another club. we either think he can be first or second choice rw here and then should look to keep him or we just see potential and then probably should sell him when the fee feels high to what he has delivered so far

I have a sneaky suspicion that we enquired about DCL in January and now Everton have come to us with this swap deal to get them out of the shit rather than the other way around. We potentially just see an overvalue on Minteh which we can use to leverage some summer business. other clubs get a sniff and start looking at his price. the club know that we need to have a new starting rw this summer and Minteh is off on loan or sale with buy back as his route to the first team will be blocked short term

I think he's saying the PL will make it up as they go along

So in a discussion on when a transfer becomes final you've brought in a piece of text that relates to a different matter altogether. What a player agrees for the end of their contract is irrelevant here, a transfer will be completed once all obligations are completed including passing a medical. It is at that point all of the conditions have been met and transfer of the players registration takes place.

And yet transfers fall apart all the time due to failed medicals. It's almost as if clubs legal teams are smart enough to create agreements that omit just enough information to stop from being legally binding until everything is in place.

But that just means you don't sign a contract that you can then pull out of if a medical fails. In practice you agree to the terms but don't enter into a legal obligation until everything you need to be in place is so. Footballing bodies may give leeway around transfer dates to allow for the legals to complete. Its the same as buying a house, you don't exchange contracts with a get out clause if you can't get a mortgage and you dont buy a car that allows you to back out if you don't get a loan. You get everything in order before signing

£10m deal for the period 28th June 2024 - 30th June 2024 £100k for the period 1st July 2024 - 30th June 2025 2 separate contracts. Bang

Well that would depend on who the seller was...... Spurs, Chelsea etc then I'm sure it would be fine but for us there's no way a mitigation for timing would be given, I get its a matter of how long to allow but Forest delaying BJs sale to get better value would (imo) be a much stronger argument for mitigating a PSR period loss than not being able to conclude a sale where the price etc had been agreed as the delayed sale actually strengthened their financial position

There may not be an obligation, but if its a condition of an agreement between 2 parties it becomes an obligation for the transaction

Well of course players don't have to move, its more that the club cannot prevent them from doing so - bit like a release clause. I addressed the injuries, you would need to make provision for them With loans, if the player is over 21 then its tougher to argue its a developmental loan so I'd say that the loan is a legally binding contract so needs to be honoured but a club is free to enact the buying at contract value at the end of the loan

But thats not a legally binding sale until the medical concludes

I can't see buying clubs locking into a legally binding obligation without a player going through a medical, terms agreed and the player contract signed. Auditors will be looking essentially at the point at which all future benefits and obligations transfer to the buying club for a sale to be recognised. Yes this could be the 30th June with the transfer actually happening on the 2nd July but you would need everything bar the transfer of final contracts to be in place. It's basically becoming a bigger farce every day where now we are making judgements on when a transfer actually takes place. Deadline day is pretty straight forward - paperwork has to be with the PL by the cut-off (unless you are Spurs), the 30th June should be the same

Just polished that up a little

I'd like to see a limit on the number of players you can have registered. If a player is not in the registered 25 (excluding academy products under the age of 21) then you have to take the full remaining value on the balance sheet and impair it, recognise the remaining contract value as an onerous contract (so recognise the full value immediately) and the player is available to move at any time for a transfer fee fixed at one years base salary (or remaining salary if less than 1 year) - and these moves can be at any point in the season. This would be in conjunction with an overall spending cap rather than the current PSR rubbish. You'd need to add clauses in for injuries but that will punish clubs for holding a bloated squad and allow players to move when they are not in squads.