Understatement of the day.Being a football fan isn't what it was...
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Understatement of the day.Being a football fan isn't what it was...
Come on mate. Our budget clearly is finite rather than infinite. And this is coming from someone that doesn't believe in all the scaremongering about FFP and the seldomly used soft punishments.
Our budget is limited. Of course it is.
Yes, it does.
To use the Lookman example, if we say we bought him for £11m (I'm not sure if that figure included add-ons, but let's use it for the example), his contract was 4.5 years, but you call that 5 years for accounting reasons here.
£11m ÷ 5 = £2.2m
Lookman has 2 years left on his deal, so amortisation means his current value is £4.4m (£2.2m x 2)
Everything over £4.4m we sell him for is profit for FFP purposes
I'm unclear how it works when they sign a new contract tbf, if anyone knows I'd be vaguely interested
If it isn’t then it should be. We aren’t a big enough club to avoid a Leeds Utd style fall from grace under the right (horrific) circumstances.
I still have no idea how this works with add ons though, look at gueye, if we sell for £30m +£10m add ons which take 3 years to get added on, where does all that come into it?
It’s depressing isn’t it? Can’t we just go back to the good old days.Being a football fan isn't what it was...
I still have no idea how this works with add ons though, look at gueye, if we sell for £30m +£10m add ons which take 3 years to get added on, where does all that come into it?
I would imagine, while having no clue, that it would go down as income on that particular period when the payment is made?
If it isn’t then it should be. We aren’t a big enough club to avoid a Leeds Utd style fall from grace under the right (horrific) circumstances.
It’s depressing isn’t it? Can’t we just go back to the good old days.
Yes. In terms of incomings a Centre forward, a Centre Back, and if Gana goes a replacement for him.We still need a centre forward.
In the Accountancy 101 thread - Are you mad?Any latest transfer news ?