What was in it for Villa? I can understand it from our side but not theirs.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
- Status
How does this work?
We take Tim from them,they take Lewis from us.
Round about the same fee presumably so no “real” money changing hands ergo no injection of cash for EFC.
How does doing that get us round the PSR thingy?
HKContractDave
Player Valuation: £6m
They have PSR issues too. After this year rules change. We both get 10m this year and then we both have more scope after that. The cash flow is net, but we get to each put 10m pure profit on the books before 30th June.
BlueStevie35
Player Valuation: £70m
The fees don’t get paid now, but they get put as the full amount on this years accounts as pure profit, which prevents both clubs from being near to breaching. So both players sign 3 year deals, at a cost of £3.3m a year but the accounts will show £10m
The exact same thing as us.
I'd heard people saying (don't know if it's true or not) that we just bank our fee at 100% profit, yet the fee we paid for the lad coming is in staged payments so it doesn't go on to the debits. That's what i was getting at re. what's in it for them
My Man Utd mate seems to be all upset with what he calls "cheating", a bonus for me, as he values Branthwaite at 35m
Where there is a set fee, you recognise the full profit on the sale of an asset (a player in this case) on the day the contract is completed for the sale. A player who came through an academy will have a very low value (maybe even nil value) because no fee was paid to buy them, so the transfer is pretty much all profit.I'd heard people saying (don't know if it's true or not) that we just bank our fee at 100% profit, yet the fee we paid for the lad coming is in staged payments so it doesn't go on to the debits. That's what i was getting at re. what's in it for them
You then write off the value of the player's fee over the course of the contract. So the profit on the sale will be in the June 24 financial year and the amortisation cost on our new signing will be in future accounts, depending on the length of the contract.
It's not cheating, it's just accounting rules.
Really have to replace their minutes on the pitch !!
I'd heard people saying (don't know if it's true or not) that we just bank our fee at 100% profit, yet the fee we paid for the lad coming is in staged payments so it doesn't go on to the debits. That's what i was getting at re. what's in it for them
That's how it works. So what's in it for them is exactly the same.
All the best to him. Clearly a good deal for the club, and also a very good opportunity for him at a good club on the up.
Pig man has just paid his own contract off. FACHT
A big problem last year was no cover for McNeil and Harrison and nothing to come off the bench. Replacing these two (with better players) will resolve that.
Maybe. Let’s see if they get time first
- Status