WilliamPS Posted June 29, 2024 Share Posted June 29, 2024 (edited) 13 minutes ago, Weezertron said: Admittedly I haven't bothered learning owt about PSR. Does us having to sell Minteh to balance the books, equate to us having more money to spend in July? I thought it was purely to avoid punishment. Perhaps not. The issue the club got in is that FFP / PSR is done in a rolling 3 season block. By the end of this June the total losses for the last 3 years need to be £105m. However the season 21/22 season, where the club bought a load of players but revenue was abysmal, now drops out and the 3 year period becomes 22/23, 23/24 and 24/25. the club can go again, but with higher revenues. I would expect a similiar spend to last two summers. We will never ever get a crazy summer with PSR though Edited June 29, 2024 by WilliamPS Link to post Share on other sites More sharing options...
thomas Posted June 29, 2024 Share Posted June 29, 2024 an awful lot of people who never saw him play a minute of football seem weirdly ready to declare we're losing a world class player. Link to post Share on other sites More sharing options...
Joelinton7 Posted June 29, 2024 Share Posted June 29, 2024 3 minutes ago, KaKa said: I think the aim is to have a thriving academy with quality players coming through. Those good enough to impact the first team will be brought through, and those that aren't, should hopefully then still get us a fee from other clubs. I don't think we'll be as crass as the likes of Chelsea with this whole model. They are spending insane amounts of money on players, and don't really have the patience to bring through players and so it's a different mindset with them. We're very early into the restructuring of the club and had to spend loads to play catch-up just after the takeover. At the same time there are hardly any assets we can move to make money, and the financial deals are still being built up. That's the main reason we've had to move Minteh. Yeah definitely. We’ve had a few windows of spending with next to no outgoings, certainly not enough significant outgoings. A reckoning and rebalancing was inevitable. We had no saleable assets due to the deadwood Ashley/Bruce left us. We’re having to build up from scratch, a cadre of talent that will help propel the club closer to the ones it aspires to emulate. Link to post Share on other sites More sharing options...
The College Dropout Posted June 29, 2024 Share Posted June 29, 2024 2 minutes ago, Yorkie said: Eh? We signed Barnes a year ago, what's that got to do with it? We were never seeing Minteh in a Newcastle shirt. Take the incredible windfall and forget him. I don’t think this is true. If we could’ve sold Miggy, I’m sure Howe would’ve loved to have given Minteh a look. Also Minteh’s another good season from adding another £10-20m to his value. We’re potentially selling Nvidia stock in 2019. Which is why Brighton want him. If he continues to develop at the rate he has, he’ll be worth double in 24 months. But we’ve had to take the short term money to save our bacon. Link to post Share on other sites More sharing options...
GeordieToon Posted June 29, 2024 Share Posted June 29, 2024 (edited) well hope we have a very good sell on clause in his contract just to soften the blow. Edited June 29, 2024 by GeordieToon Link to post Share on other sites More sharing options...
Guest Posted June 29, 2024 Share Posted June 29, 2024 4 minutes ago, The College Dropout said: He’s the most talented RW we have in the squad. His ceiling is a £60m+ player in the weakest position we have in the squad. We could’ve sorted our weakest position in the squad with a £8m transfer. Instead we are likely to sell another player to fund a £30m+ RW that will be a significant FFP burden for another 4-5 years. Borrowing from Peter to pay Paul type stuff. Until he smashes it up at Brighton that's an impossible thing to say. Could be another Tomasson, Klaasen, Kezman, Altidore, Afonso Alves for all we know. None of them were as good as Almiron or Murphy in the Premier League. Link to post Share on other sites More sharing options...
The Prophet Posted June 29, 2024 Share Posted June 29, 2024 6 minutes ago, Yorkie said: In all honesty, I'm a bit dubious that we've planted fake news stories about Isak and Gordon to stave off any angst about selling Minteh. Do the non-nerds even know about him? Seems more likely that we anticipated getting business done in the form of the DCL thing (or peddling Bruno?) That fell through, we panicked, but Brighton saved the day. It didn't add up though. We wouldn’t budge on fees for both Isak and Gordon, when both buying clubs were briefing they'd never meet those figures. You also had local journos reporting neither were for sale a matter of days ago. Link to post Share on other sites More sharing options...
Holloway Posted June 29, 2024 Share Posted June 29, 2024 Has Barnes ever played on the right ? Link to post Share on other sites More sharing options...
KaKa Posted June 29, 2024 Share Posted June 29, 2024 40 minutes ago, gbandit said: £33m, cheap in one sense if he fulfils his potential but whatever, let’s just get it over with £33 million is what we paid for the likes of Bruno and Botman ... it is not cheap. If they can develop him further and reap the benefits then kudos to them. No different from us putting Bruno in position to thrive and more than triple in value compared to what we paid. We're not going to be the ones benefitting all the time. Link to post Share on other sites More sharing options...
toontownman Posted June 29, 2024 Share Posted June 29, 2024 4 minutes ago, KaKa said: I think the aim is to have a thriving academy with quality players coming through. Those good enough to impact the first team will be brought through, and those that aren't, should hopefully then still get us a fee from other clubs. I don't think we'll be as crass as the likes of Chelsea with this whole model. They are spending insane amounts of money on players, and don't really have the patience to bring through players and so it's a different mindset with them. We're very early into the restructuring of the club and had to spend loads to play catch-up just after the takeover. At the same time there are hardly any assets we can move to make money, and the financial deals are still being built up. That's the main reason we've had to move Minteh. Ultimately this isn't anything we didn't half expect. It just stings right now as I think we were hopeful we would have found loopholes or ways around PSR already. We knew the ghost of Ashley and co. Would haunt us for another few years. I think we are surely around our worst and hopefully it should get better each year (touch wood). We are taking losses for each year we can't shift any of the Bruce era dross and are still 2 to 3 years away from anyone really coming through the youth system. Minteh sucks but it's certainly better than the likes of isak, Bruno and Gordon. We should be happy the Miley to Barcelona rumours haven't come back to surface! Link to post Share on other sites More sharing options...
JB Posted June 29, 2024 Share Posted June 29, 2024 Good bit of business but shite that we have to do it. Link to post Share on other sites More sharing options...
The Prophet Posted June 29, 2024 Share Posted June 29, 2024 8 minutes ago, Yorkie said: Eh? We signed Barnes a year ago, what's that got to do with it? We were never seeing Minteh in a Newcastle shirt. Take the incredible windfall and forget him. ...because some fans have never got over him being brought in to replace ASM, so they stick the boot in at every opportunity. Link to post Share on other sites More sharing options...
STM Posted June 29, 2024 Share Posted June 29, 2024 2 minutes ago, thomas said: an awful lot of tossers who never saw him play a minute of football seem weirdly ready to declare we're losing a world class player. FYP Link to post Share on other sites More sharing options...
Yorkie Posted June 29, 2024 Share Posted June 29, 2024 Christ I've got a spring in me step now like. I've been an utter misery all fucking day with that Gordon stuff. I'm not convinced there was no truth to those stories but I'm very fucking happy that it's Minteh on his way instead. Ashworth's reputation spiking a bit as well, mind... this is incredible business Link to post Share on other sites More sharing options...
UncleBingo Posted June 29, 2024 Share Posted June 29, 2024 5 minutes ago, RodneyCisse said: Hope he ends up shite in the prem and we laugh our way to the bank. The sort of bitterness I can get behind. Link to post Share on other sites More sharing options...
jack j Posted June 29, 2024 Share Posted June 29, 2024 8 minutes ago, The College Dropout said: He’s the most talented RW we have in the squad. His ceiling is a £60m+ player in the weakest position we have in the squad. We could’ve sorted our weakest position in the squad with a £8m transfer. Instead we are likely to sell another player to fund a £30m+ RW that will be a significant FFP burden for another 4-5 years. Borrowing from Peter to pay Paul type stuff. It’s the best result all things considered. But it does suck. Had we sold a player we were happy to sell, everyone would be happy. If Minteh was a CM, less people would care. We have lots of options there. We don’t at RW. Just ignoring the multiple people who have mentioned that we were in for Olise ? Link to post Share on other sites More sharing options...
Aiston Posted June 29, 2024 Share Posted June 29, 2024 Would be a very good bit of business at £33m. Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted June 29, 2024 Share Posted June 29, 2024 1 minute ago, The College Dropout said: I don’t think this is true. If we could’ve sold Miggy, I’m sure Howe would’ve loved to have given Minteh a look. Also Minteh’s another good season from adding another £10-20m to his value. We’re potentially selling Nvidia stock in 2019. Which is why Brighton want him. If he continues to develop at the rate he has, he’ll be worth double in 24 months. But we’ve had to take the short term money to save our bacon. 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 Link to post Share on other sites More sharing options...
Froggy Posted June 29, 2024 Share Posted June 29, 2024 Does show you how much football has changed when people are upset at getting £33m for someone who hasn't played a game. We're getting £5/6m for our youngsters that have top flight experience. £33m is insane. Link to post Share on other sites More sharing options...
Joelinton7 Posted June 29, 2024 Share Posted June 29, 2024 8 minutes ago, Robbo2 said: This sums up my feelings too, it's such an odd one. Gross in a way that this is what you need to do to be a successful team at a proper level, although I guess for a lot of clubs (Man City etc) it's been like that for a while. We're so used to being buzzing at signing anyone with discernable talent, them being immediately into to the starting line up or at least match day squads and that's that. It's going to take a while for me personally to get used to this new way of working where we sign players who are entirely assets as such and never really intended for the team (even if Minteh originally was meant to impact the first eleven). This iteration of modern football is wank Yeah, City have just rafts of talent, a conveyor belt of £20m+ youngsters who’ll see them (cough) clear of FFP issues forever. That’s where we want to be. Look at Palmer, very very good but they let him go. If that was us we’d be beside ourselves but they’re used to it and we probably will also have to get used to it. Link to post Share on other sites More sharing options...
toontownman Posted June 29, 2024 Share Posted June 29, 2024 3 minutes ago, thomas said: an awful lot of people who never saw him play a minute of football seem weirdly ready to declare we're losing a world class player. The minute he leaves I'm firmly with all those Feyernoord fans that said he flatters to deceive and will never make it at the top level! Link to post Share on other sites More sharing options...
Danh1 Posted June 29, 2024 Share Posted June 29, 2024 1 minute ago, Yorkie said: Christ I've got a spring in me step now like. I've been an utter misery all fucking day with that Gordon stuff. I'm not convinced there was no truth to those stories but I'm very fucking happy that it's Minteh on his way instead. Ashworth's reputation spiking a bit as well, mind... this is incredible business Don’t look at Keith Downie’s tweet Link to post Share on other sites More sharing options...
STM Posted June 29, 2024 Share Posted June 29, 2024 Just now, Froggy said: Does show you how much football has changed when people are upset at getting £33m for someone who hasn't played a game. We're getting £5/6m for our youngsters that have top flight experience. £33m is insane. It takes a fucking Man United fan to drop truth bombs. Link to post Share on other sites More sharing options...
The College Dropout Posted June 29, 2024 Share Posted June 29, 2024 4 minutes ago, WilliamPS said: Perhaps not. The issue the club got in is that FFP / PSR is done in a rolling 3 season block. By the end of this June the total losses for the last 3 years need to be £105m. However the season 21/22 season, where the club bought a load of players but revenue was abysmal, now drops out and the 3 year period becomes 22/23, 23/24 and 24/25. the club can go again, but with higher revenues. I would expect a similiar spend to last two summers. We will never ever get a crazy summer with PSR though I don’t think this is right. We are bringing in the amortised cost of transfers and higher wages of all those seasons. We’re still to account for Isak, Bruno, Gordon etc. and the bigger wage bill. I expect we’ll need to sell to generate FFP headroom until we get some major revenue injections. PSR is a trap. Because big player sales are only accounted for 3 seasons. But big purchases and contracts are carried for 4-5 years. The increase in Bruno’s wages likely offsets the Lower amortisation cost he has. Link to post Share on other sites More sharing options...
worthy Posted June 29, 2024 Share Posted June 29, 2024 1 minute ago, jack j said: Just ignoring the multiple people who have mentioned that we were in for Olise ? I was in for Jennifer Anniston. About the same chance of Newcastle were to get Olise. Link to post Share on other sites More sharing options...
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