Youve had a nightmare here. Ive been in the financial markets for decades.
oh zat you don’t half chat utter horse poo.
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Youve had a nightmare here. Ive been in the financial markets for decades.
We should have been buying players DURING the pandemic. I mean thats the best time to buy when nervous clubs want to sell.
Zat you are talking about signing a player at a price agreed before the globe shut down. That isn’t taking advantage of volatility.
We put the brakes on the deal to renegotiate and others stepped in.
The only way we would have purchased the player would have been at the pre crisis deal.
The issue with signing a player during that kind of period ( and let’s face it, at the time no one knew how long we were going to be locked down for - we didn’t know anything at that point) is that even 18 months is a significant portion of a players career. It’s a lot of money to spend on an asset you simply won’t be using.
At a time when the industry was going to be hit massively and no one knew whether even things like TV revenues were going to be hugely affected.
We were unlucky and in hindsight it would have been worth but I’ve no problem with what we did with this deal. We attempted to renegotiate and it went against us. But it was a reasonable and sensible action to take at the time.
Also apologise if I came across as a BSD. That wasn’t my intention. It just made me chat because my pub chat is about global economics a lot of the time (with those lot anyway).
Deffo. It’s frustrating but the other two are much more important for us atm. I honestly think having those two players will completely transform us all over the pitch.He's really good; not a pressing position to strengthen this Summer for me on a limited budget but would have been nice to have him.
True, its not directly taking advantage of volatility BUT it is taking a position in a volatile market while others are holding off.
Not sure where the 18months comes from, thats a real doomsday situation where the industry would collapse. That wouldnt happen because of the money involved. Looking at Asia (where i am) theres significant data before the UK was hit.
In my view TV revenues cant be a driver because of all the factors surrounding them and the open market.
This all pretty much underlines my concern about this deal...
If we were going to do the deal at 30mil then was that player our first choice signing? He seems to be based upon the news that we had him in for a medical and agreed terms.
If he was our first choice signing then we would be buying a player at 22 for the next 5+ years. Someone whose value we expect to appreciate and assist in appreciating the value of those players around him along with the clubs performance and income streams (league position etc).
So, with all the factors in play we decide to suddenly renegotiate the 30mil down by 5mil.
Then walk away for the sake of 5mil?
It really seems foolish to me. Its illogical.
Deffo. It’s frustrating but the other two are much more important for us atm. I honestly think having those two players will completely transform us all over the pitch.
That being said we need another CB, particularly if there are times we’ll want to play 3 at the back.
I’d have quite liked game time for Branthwaite. Although maybe we’ll send him out and have Gibson back.I'm fine going into the season with Holgate, Mina, Keane and Jarrad if we strengthen midfield/wings/right-back.
Turned into Wolf of Wall Street on here.
When does the dwarf lobbing start?
So what you are saying is you're a capitalist......Stocks, commodities, fx, crypto huge volatility.
As ANY trader would tell you...volatility is our friend. Thats how we make money.
Quite frankly its mystifying to see an 'investment manager' claim otherwise lol
We should have been buying players DURING the pandemic. I mean thats the best time to buy when nervous clubs want to sell.
Sadly our DOF was equally as nervous.
its really basic economics.
Careful, you'll have posters claim theres no link at all to investments made by the club.
Which in itself is quite bizarre.
From Jan onwards was the time to invest in the squad.
In fact for the stadium we would be smart to be making deals in 2021 when we can get more bang for our buck.