• The Houseboat

  • Other clubs transfer thread summer 2019 edition (Official: Madrid sign Hazard)

goon wrote:
Anzac wrote:

We don't spend a penny without covering our operating costs for the entire season from day 1.  Any finances made available is then used to cover all new business costs - fees, wages, infrastructure etc.

That has nothing to do with the cash balance.

It has everything to do with how we manage our finances each season - we cover the known bills and then take it from there.

Anzac wrote:

The way our operating model works is basically any 'loss' from one season is carried over to the next as part of the new season's operating cost, and the available finances are adjusted accordingly. Whereas any profits made are hoarded away and are not made available in general terms - although the BoD always said that funds were available if requested.

Anzac wrote:

We don't spend a penny without covering our operating costs for the entire season from day 1. Any finances made available is then used to cover all new business costs - fees, wages, infrastructure etc.

Anzac wrote:

It has everything to do with how we manage our finances each season - we cover the known bills and then take it from there.

That is not how businesses operate. Losses don’t just stack up at the end of year accounts then get moved into the following year. They are costs occurring throughout the year that we continually need to meet. The day to day, month to month, quarter to quarter management accounting of the club is something we’re unlikely to ever be privy to unless a rogue accountant with a grudge leaves the club. I can’t remember any analyses of the clubs finances that would support your assertions.

Juventus have rejected a €30m offer from Everton for teenage striker Moise Kean

Atletico Madrid has accepted to sell Griezmann to Barca in installments, but for 200m. [OndaCero]

This drama is draggggging.

Brentford sign Pontus Jansson from Leeds United

Nicolò Barella to Inter, here we go! The agreement is ready between Cagliari and Inter

[Sergio Valentin-esradio] : Manchester United agree to open negotiations with Real Madrid about Pogba

Bayern plan to sign both Werner and Callum Hudson-Odoi as free signings this upcoming season. [Kicker]

Bayern with the clasic free signings.

[Marca] Done deal: Luca Zidane will join Racing de Santander on loan.

AC Milan submitted their offer to Gremio for Everton. Agent Gilmar Veloz flew to Italy to present to Milan the counteroffer he took from Gremio president Romildo Bolzan

I like that Everton kid, shame we are not interested.

RB Leipzig offer £22.5million for Everton winger Ademola Lookman after seeing initial bid rejected

calciomercato: Manchester United midfield target Sergej Milinkovic-Savic has agreed to move to Juventus. Sergej has agreed to wages of £5.3million a season for six years with Maurizio Sarri's side.

So that's Ramsey, Rabiot, Savic, Pjanic, Blaise Matuidi, Sami Khedira, Rodrigo Bentancur and Emre Can 😆 .

Leonardo: Neymar can leave PSG for the right offer

Roma complete signing of Spinazzola

I'm aware that it is not your normal operating model. I've seen it reported a number of times down the years that the club does not spend anything before accounting for all the known operating costs first, as it's part of the criteria for maintaining zero debt other than that associated with the stadium.

The basic methodology is to take our on hand cash at the start of the season, subtract the total known operating costs, and the rest is the potential budget available for the year subject to any requirements to balance the books to make up for any previous shortfalls. A key point to generating profits is that we do not include any revenue that has not yet been received into the accounts, regardless of whether we know the amount to be received or not. This would include any fixed price revenues such as sponsorship or PL prize money regarding the equal share portion paid to every PL club. Much of our non match day revenues are paid at the end of the season, which where the surplus pre-tax profits are then banked.

The biggest issue I have is the failure to adjust our budget with regards to our known revenues that have not yet been received, particularly as most of these are received at the end of the season where they have no impact on our ability to spend on the team.

The other major issue still remains our lack of cash flow. Until this current TV deal 60% of our annual revenue was generated by our football operation - match day gates, prizemoney etc, and 40% was generated by non-football revenues such as commercial sponsorships and TV revenues. This ratio was the opposite of the average amongst the top20 clubs with the highest annual revenues in UEFA. The current TV deal was so large that our non-football revenues now amount to the greater part of our annual revenues, but only because of that single increase.
Since the move our major increases in revenue has come from such things as increased ticket prices, increased primary sponsorship via kit deals, and increased TV deals. There are usually small fluctuations based upon season prizemoney and player trading. The strategy seems to have been based around the capability to cover known season debt, and the lack of any appetite to do any more than what is needed as the bare minimum.

Interestingly I have seen a couple of articles that have said that part of the strategy by the BoD in recent times has been in response to the outcry about the continued generation of profits and lack of increased investment into the team. The response was to put into action a plan to decrease pre-tax operating profits by directly increasing player wages. This strategy started with the increased TV revenues but was not adjusted when we failed to retain top4/CL revenues. Instead the corrective action was placed upon the football operations to compensate or to correct.
This was much the same burden placed upon the football operations to generate extra cash flow during the initial decade of the stadium project, and in both instances the immediate solution was to use player trading to generate the extra revenues needed. The irony in this being that player trading on our scale is not sustainable, but was used to bail out our traditional values 'self sustaining financial model'. Our operating model has not been adapted or adjusted at any time since the stadium project commenced and now we are suffering the impacts of the failure to act in both a timely and appropriate manner from being penny wise - pound foolish.

Seriously wtf is Juventus doing collecting all those midfielders? Could Bentancur become available?

Juventus are not making sense here, signing Savic.

I understand strengthening the team, but Sarri will play with three of them only, what the hell will they do with the rest?

The worst thing is, trying to get one of the redundant one from them and they will charge you and arm and a leg for them.

Anzac wrote:

The basic methodology is to take our on hand cash at the start of the season, subtract the total known operating costs, and the rest is the potential budget available for the year subject to any requirements to balance the books to make up for any previous shortfalls. A key point to generating profits is that we do not include any revenue that has not yet been received into the accounts, regardless of whether we know the amount to be received or not. This would include any fixed price revenues such as sponsorship or PL prize money regarding the equal share portion paid to every PL club. Much of our non match day revenues are paid at the end of the season, which where the surplus pre-tax profits are then banked.

The biggest issue I have is the failure to adjust our budget with regards to our known revenues that have not yet been received, particularly as most of these are received at the end of the season where they have no impact on our ability to spend on the team.

Well, that's just not true - the club's own published accounting policies state that sponsorship, match day income and fixed components of broadcast revenue are spread evenly over the season or the life of the contract as you'd expect. The only amount recognised at the end relates to prize money based on where the club finishes at the end of the season.

Also cash =/= revenue.

They will sell what they don't need.
Juventus are operating in the Ronaldo window. They'll stock up all the talent they can while they have him, including a Savic or a De Ligt. That Champions League medal is critical

Meanwhile United are willing to pay Harry Maguire 250,000 pounds a week. That club makes way too much money. And this is without Champions League football. If they ever make it back they'll give martial 500,000 a week

I would take Betancur if they will sell for a reasonable fee. Good player

Juve is a canny operator as always. Taps up De Ligt, agree personal terms with him and ensure his head is turned, then bid a lower than ideal fee to force Ajax's hands.

But Arsenal are Banter FC when they do it?! 😆

Ricky1985 wrote:

But Arsenal are Banter FC when they do it?! 😆

Helps when you have Ronaldo leading the line and two free top midfielders in one summer. Our brand is earned.

Juve had a top transfer record to lean back on and plenty of success story.

We bid 1.8m for Mark Schwarzer and got thrown out of the window by Fulham who wants 3m. We bid 1.8m again.

Clrnc wrote:

Juve had a top transfer record to lean back on and plenty of success story.

We bid 1.8m for Mark Schwarzer and got thrown out of the window by Fulham who wants 3m. We bid 1.8m again.

😆

Forgot about that one.

Actually summarising our transfers blunders over the years, would be a best selling comedy.

In hindsight it worked out well him not signing, the problem was, we should have sold him in the summer. City were far too confident in getting him regardless of 2017 or when his contract expired.

In the end he played them as well to get a bigger contract from United.

City absolutely tapped him to make him change his mind.

imagine if we signed lemar for 90m 😆

Lemar and Sanchez are one of the 2 best misses on hindsight. Not sure if Lemar is even worth 40m now.

Lemar was peak toxic Wenger. When he was optimizing for self versus the future of the club. Hopefully, Edu rights all of this.

From what Dick Law has said that 90 Mn figure was probably exaggerated by the media.

Also, after the season he had then, Lemar had been on wishlists.

Yeah. It sounds more like £75m. Phew.

Where did he say that? Was reading the whole interview he didn't mention about Lemar's fees.

From all 3 parts of his interview we can be certain of one thing we suspected all along, we are not proactive in transfer markets. We only wait and see who other clubs want to sell.

Hopefully with Dick Law gone and the new management coming in we start to be the protagonist in the market. Playing with Palace for Zaha will be a good test

Clrnc wrote:

Where did he say that? Was reading the whole interview he didn't mention about Lemar's fees.

Didn't he say the Sanchez fees was going to cover the Lemar fees?

Either ways, what actually happened to Lemar? Anyone watch him regularly? Regardless of what we valued him at, I remember Liverpool were interested too and he had a fantastic season.

He was never all that to begin with.

Lemar was not fantastic. He was just having a standout season and people got caught up in the Monaco wave. We should’ve been putting pressure and that money on Mbappe that whole time while Wenger was around. Maybe Mbappe would be unhappy now, but we’d be making an easy £50m on any resale. Monaco tricked a lot of people into buying players who were made to look good by the value of the entire project rising. They sold those players for some £600m. Can’t knock their hustle.

He said we were going to use the Sanchez money to pay for Lemar, effectively a swap. A question of Lemar or Mkhi.

Ray wrote:

He said we were going to use the Sanchez money to pay for Lemar, effectively a swap. A question of Lemar or Mkhi.

When you put it that way...
How are Sanchez, Mkhitaryan, and Lemar part of the same transfer strategy?

Clrnc wrote:

From all 3 parts of his interview we can be certain of one thing we suspected all along, we are not proactive in transfer markets. We only wait and see who other clubs want to sell.

Hopefully with Dick Law gone and the new management coming in we start to be the protagonist in the market. Playing with Palace for Zaha will be a good test

What about the Suarez bed then? Was that reactive or was that a sign the club identified a player they felt we needed and went after him?

I don’t think it shows we are not proactive. It highlights the team could be efficient, smart and quick moving to events around them. And that’s not to necessarily say we aren’t too reactive, but you can’t say that Law’s words give any certainty as to our strategy outside of those isolated transfers.

We only went for Suarez when he heard he had a clause that will force Liverpool to let him talk to the club. We only went for Ozil when he heard Madrid have to sell someone (and we don't even know who that was, basically whoever they selling out of Benzema or Di Maria we will take it). We went for Sanchez only after his agent approached us that he is for sale and that we don't even think we could win what Liverpool would offer him till Wenger stepped in and won the bid for us.

I think the last big transfer we completed the past decade where we intentionally went for a player is Arshavin.

Be surprised if someone doesn't pick him up at that price, even if he is 30 now. Especially the way it's structured.

Won't be us though; not because I think Alderweireld wouldn't come here, but because Levy is way too sneaky and small time not to have put in a clause excluding the possibility.

The Bale transfer saga taught Levy how to bully agents but i hope Alderweireld and Eriksen versions cost them instead.
All they have to do is not get tricked into signing then demand an Ozil-sized wage leading to an Alexis outcome as Levy is not as dumb as Kroenke.
https://www.90min.com/posts/6353477-tottenham-facing-christian-eriksen-dilemma-as-contract-situation-reaches-breaking-point
https://www.theguardian.com/football/2019/jul/09/christian-eriksen-tottenham-training-no-bids-paul-pogba

Ricky1985 wrote:

[Twitter]

Came here to post this including a suicidal gif too

Ffs

On the bright side, we are a step up from Ajax

Fuck sake.

Nah come to think of it even if he wanted to come here this club wouldn't have the balls to buy him

Mbappe and de jong. 2 generational talents that have said they strongly considered joining arsenal

Yet apparently we would be daft to bid for De Ligt