Guest HTT II Posted July 22, 2022 Share Posted July 22, 2022 (edited) Arab on a camel, at work Shirley? Edited July 22, 2022 by HTT II Link to post Share on other sites More sharing options...
Guest Posted July 22, 2022 Share Posted July 22, 2022 4 minutes ago, HaydnNUFC said: I see you're being a blatant WUM again. Put up these tragic posts about Howe back in January, Then stopped posting after Howe turned it around and only started to post again after the season had ended to spout how we are apparently skint a la your posts today as well as how our signings and reported targets are all naff. Should change his name to tnuc. Link to post Share on other sites More sharing options...
Dancing Brave Posted July 22, 2022 Share Posted July 22, 2022 39 minutes ago, Yelevats said: So it seems we skint. Baffling if we actually are. We not. Link to post Share on other sites More sharing options...
Bompeter Posted July 22, 2022 Share Posted July 22, 2022 32 minutes ago, et tu brute said: Nope that's the best way currently to structure deals under FFP to give more scope, whilst we keep working on the sponsorship/commercial deals. I honestly can't understand why people are not waiting until the transfer window closes. That's the time to give sensible opinions and analysis. Everyone is just guessing at the moment. It’s nothing to do with FFP. FFP doesn’t care if you pay £100m up front or £100m over twenty years. They’re identical for profit and loss purposes. Link to post Share on other sites More sharing options...
gbandit Posted July 22, 2022 Share Posted July 22, 2022 That’s nonsense though isn’t it, because isn’t FFP about three-year cycles? Link to post Share on other sites More sharing options...
et tu brute Posted July 22, 2022 Share Posted July 22, 2022 Just now, Bompeter said: It’s nothing to do with FFP. FFP doesn’t care if you pay £100m up front or £100m over twenty years. They’re identical for profit and loss purposes. What like Everton Go and try and wind someone else up. Link to post Share on other sites More sharing options...
McDog Posted July 22, 2022 Share Posted July 22, 2022 5 minutes ago, Bompeter said: It’s nothing to do with FFP. FFP doesn’t care if you pay £100m up front or £100m over twenty years. They’re identical for profit and loss purposes. No they are not. Profit/Loss across a rolling (what is it 3 years? ) window and these payments can get amortized across years depending on structure so when they hit the books matters for that rolling window. Link to post Share on other sites More sharing options...
Bompeter Posted July 22, 2022 Share Posted July 22, 2022 (edited) 8 minutes ago, gbandit said: That’s nonsense though isn’t it, because isn’t FFP about three-year cycles? Three year cycles of what? Profit and loss accounts, which have nothing whatsoever to do with timing of cash payments. When you sign a player, the full value of their transfer fee is capitalised on the balance sheet and amortisation of that fee begins immediately. Whether or not you’ve actually paid the fee is irrelevant. Edited July 22, 2022 by Bompeter Link to post Share on other sites More sharing options...
manorpark Posted July 22, 2022 Share Posted July 22, 2022 42 minutes ago, Yelevats said: So it seems we skint. Baffling if we actually are. We are now being run by extremely intelligent and capable people, exactly 100% the opposite of the situation prior to last October. It is difficult to get your head around the extreme extent of the difference. We have an endless supply of "potentially available" finance, we know that and so does everybody else. The very rich people of this world know how to manage their money, that is how they became rich, so our new owners will want optimum value for money out of every penny they spend on our behalf. I doubt if we will ever have a 'budget' to spend, in the normal/accepted sense, but we will not squander money, you can tell that more clearly the more experiences we have with our owners, the better we get to know them and their strengths. They intend to fully comply with FFP (etc) and their ambition is to produce a financially sound, stable, well managed, admired by others, and ultimately permanently successful football club. Those principles, we will come to learn, will underpin everything they do, and how and when they do it. To me, our long term future just gets more and more E X C I T I N G by the day. Link to post Share on other sites More sharing options...
Bompeter Posted July 22, 2022 Share Posted July 22, 2022 Lads, please stop getting FFP wrong. It’s really annoying. Link to post Share on other sites More sharing options...
et tu brute Posted July 22, 2022 Share Posted July 22, 2022 Just now, Bompeter said: Lads, please stop getting FFP wrong. It’s really annoying. Link to post Share on other sites More sharing options...
manorpark Posted July 22, 2022 Share Posted July 22, 2022 1 minute ago, Bompeter said: Lads, please stop getting FFP wrong. It’s really annoying. If you mean me, I said FFP (etc) as I cannot yet remember "this weeks" name for it!! (If that is what you are saying?) Link to post Share on other sites More sharing options...
Bompeter Posted July 22, 2022 Share Posted July 22, 2022 Just now, manorpark said: If you mean me, I said FFP (etc) as I cannot yet remember "this weeks" name for it!! (If that is what you are saying?) I was “responding” (as some may call it!) to the three posters immediately prior to you!! No “offence” whatsoever meant sir !! Link to post Share on other sites More sharing options...
manorpark Posted July 22, 2022 Share Posted July 22, 2022 Just now, Bompeter said: I was “responding” (as some may call it!) to the three posters immediately prior to you!! No “offence” whatsoever meant sir !! My apologies! By the way, what is FFP called this week?? Link to post Share on other sites More sharing options...
madras Posted July 22, 2022 Share Posted July 22, 2022 1 hour ago, Yelevats said: So it seems we skint. Baffling if we actually are. Hmm ? The only way you could reach that conclusion would be if you thought the pay day loan Co. were paying the fee for us and we would repay them on the drip. Link to post Share on other sites More sharing options...
madras Posted July 22, 2022 Share Posted July 22, 2022 8 minutes ago, manorpark said: My apologies! By the way, what is FFP called this week?? Big 9 protection racket ? Link to post Share on other sites More sharing options...
Abacus Posted July 22, 2022 Share Posted July 22, 2022 15 minutes ago, et tu brute said: What like Everton Go and try and wind someone else up. He is correct here, though. When you actually pay the cash doesn't matter. Likewise people talking about debt with Chelsea etc. I'm wondering if a separate FFP or football finances thread might help, as it seems to derail other threads quite often and means most people can ignore it if they're not interested. There might already be one mind - I'll have a look first. Link to post Share on other sites More sharing options...
NWMag Posted July 22, 2022 Share Posted July 22, 2022 Link to post Share on other sites More sharing options...
Guest Posted July 22, 2022 Share Posted July 22, 2022 10 minutes ago, manorpark said: My apologies! By the way, what is FFP called this week?? Profit and Sustainability rules Link to post Share on other sites More sharing options...
The Prophet Posted July 22, 2022 Share Posted July 22, 2022 1 minute ago, NWMag said: They're very different players. Link to post Share on other sites More sharing options...
bobloblaw Posted July 22, 2022 Share Posted July 22, 2022 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. Link to post Share on other sites More sharing options...
Abacus Posted July 22, 2022 Share Posted July 22, 2022 Yep. There are complications, of course, but basically that's right. Link to post Share on other sites More sharing options...
et tu brute Posted July 22, 2022 Share Posted July 22, 2022 1 minute ago, Abacus said: He is correct here, though. When you actually pay the cash doesn't matter. Likewise people talking about debt with Chelsea etc. I'm wondering if a separate FFP or football finances thread might help, as it seems to derail other threads quite often and means most people can ignore it if they're not interested. There might already be one mind - I'll have a look first. So are you trying to say if we buy 10 players per say at 100 million up front under our current revenue streams, that we wouldn't fall foul of FFP? I don't think so. Link to post Share on other sites More sharing options...
bobloblaw Posted July 22, 2022 Share Posted July 22, 2022 5 minutes ago, Abacus said: Yep. There are complications, of course, but basically that's right. 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? Link to post Share on other sites More sharing options...
Bompeter Posted July 22, 2022 Share Posted July 22, 2022 Just now, et tu brute said: So are you trying to say if we buy 10 players per say at 100 million up front under our current revenue streams, that we wouldn't fall foul of FFP? I don't think so. “so are you trying to say [something completely different to what you were actually saying]??? Link to post Share on other sites More sharing options...
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