-
Posts
1,229 -
Joined
-
Last visited
Everything posted by bobloblaw
-
Wasn't sure where to put this, but guess it fits in here.
-
James Maddison (now playing for Tottenham Hotspur)
bobloblaw replied to The Prophet's topic in Football
I'd imagine "including" means the add ons are part of the 50m -
Thought this was pretty cool.
-
Thought this would fit best here... https://threadreaderapp.com/thread/1548917012021145606.html and https://www.reuters.com/lifestyle/sports/barcelona-sell-further-15-laliga-tv-rights-sixth-street-2022-07-22/ About barcelona spending. EDIT: That values their la liga tv rights at $80m per year, which seems low?
-
Yes, I was just wondering if there was something special that makes accounting for transfers under FFP different from general accounting rules. It appears that there isn't, so the depreciation for the whole of the sale price would start from the beginning over the length of the contract.
-
You'd have been better off making this post in one word installments.
-
That's what I figured, same as a business buying a new vehicle. Pay up front or take out a loan, depreciation still starts right away.
-
So the example is for a fully upfront payment. If you pay in installments, does that change things? Buy a player for 10million over five years, pay 5 the first year then 5 the second. Is it 10m depreciated over 5 years, or 5m depreciated over 5, and 5m depreciated over the remaining 4 years?
-
This bit accurate? http://www.financialfairplay.co.uk/financial-fair-play-explained.php 3. Transfer Fees An important part of the rules relates to the way that player transfers have to be accounted for. Although a club will often pay a transfer fee to another club immediately, from a Break Even perspective the financial cost of acquiring a player has to be written-off over the duration of the contract. We need an example: let's assume Torres was signed for £50m on a 5 year contract and that Chelsea paid Liverpool £50m via an immediate bank transfer. As far as the Profit & Loss section of accounts is concerned (and the Break Even test), Torres' purchase price would be depreciated (or amortised) evenly over the 5 years of the contract. So, during the first 12 months, only £10m would be incurred as a cost in the accounts and Torres would end the year with a 'book value' of £40m. After 5 years, Torres' contract would have ended and he would be free to leave the club (he would also have a book value of zero). If the club sells Torres part way-through the contract, the club the difference between the amount they receive for the player and the book value at the date of the sale is accounted for immediately in the accounts (and the Break Even test) as a 'loss/profit on player trading'. This is important as it explains how a club can sell a player for below the original purchase price and still record a profit in the accounts during the year of sale. If Liverpool sell Andy Carroll for anything above £18m in the summer, they will record the difference as a profit on player sales during 2013/14. If we assume that Falcao comes to Chelsea for £50m on a 5 year deal in the summer, the club's P&L account for the year will only include £10m as an expense (under the heading 'amortisation'). The club will also, of course, have to include the player wages as an expense in the Profit & Loss account. If you want to know more about 'amortisation', see the video at the foot of this page.
-
-
Car washing too, when will they stop?!
-
-
There is probably some degree of wiggle room between trusting someone, and thinking they are infallible.
-
Nah, it's the best. First video is context for the 3rd part of the second video (the Iowa wave) that's for the team I support and where I went to school.
-
Doubt that. The US is one very few countries that collect taxes on foreign earnings of citizens living abroad.
-
This is why college football is the best US sport.
-
So the NBA as a live experience is poor because some people wanted to get their kids a hot dog. Nothing to do with the product on the court.
-
My favorite is the one who went to a live NBA game and was just meh. Live NBA is the peak of "holy shit these guys are athletic freaks'."
-
1. Oh my. 2. Probably hubris.
-
What does that even mean?
-
Great. I've seen a lot of posts from people here talking about how football is dying, and issues with the game. I've never seen posts like that on NFL, MLB, or NBA forums i frequent.