This club started falling apart when Radz sacked Bielsa and it’s been a bag of shyt ever since. Now in my view Bielsa was sacked because of the number of injuries we had. The media started going after Bielsa after the stupid Karen Carney comment. However because we only had a small squad (due to Bielsa refusing to have just anybody) our U23s were used for sitting on the bench. Fast forward to now and we have just 19 players and the bench being packed with U21s. We know Firpo can be injured, Bamford, Byram. What happens when injuries start to happen. Where is the forward planning at this club? What have the recruitment people been doing?. Seems to me the plan has just been to reduce the wage bill, reduce the headcount, bring in as much money as possible and then do a Radz and hope we have enough…….. well that plan only brings mid table and shows no ambition and a disrespect to the fans
Just heard that Hoffenheim are to receive a €5 million sell on fee for Georginio. At this point you've just got to laugh.
From what I've read, it means we have to pay this year's installment plus €5m extra of what we owe. There's no add ons been met.
I believe Gombawn is an accountant?? There are a few others on here who are clearly savvy in business and plenty of others who are passionate football fans so, whoever you are or whatever your knowledge of business perhaps you can help me unravel some things that mystify me? 1. The 49ers paid a sizeable chunk of cash for 44% of the club and were part of the decision making process and then spent about £150 million more buying the remaining 56%. They are now “asset stripping “ maybe to the tune of £150 million taking the value of the club back down to, maybe where they started. Why would they do that? 2. The money from player sales goes back on the Balance Sheet as Cash at Bank so, unless it is a liquidity issue they are no better off. 3. Any profit made by the business is liable to Corporation Tax at year end which is now at 25%. Any dividends paid to shareholders are liable to tax of up-to 40% depending upon the person in questions tax rate. 4. If it were that straightforward, why didn’t Rads just sell all the players and then flog off the ground, goodwill, lawnmowers etc? He would have been better off if we have sold £140 million of players and still have Gnonto, Struijk etc still to go. 5. This is the one that really troubles me…. Where did we find £140 million of players plus the remaining squad from? After all, Orta was useless and we can’t have brought them because Rads was nothing but a chancer Not really teasing anyone here, I think we are simply caught in the harsh realities of football today. Like many, many other great clubs we are not at the top of the food chain and it sucks. Not sure what all the hysteria is about, I quite liked League One
I’m old school where accounts to me mean selling for more than you buy. That’s my profit after I pay my tax. It’s served me ok for forty years of business. Of course accountants like to use all their fancy legal jargon just to confuse things for the average gobshite fan like me. Anyway lots more important games for me at weekend so not too bothered what our spoiled millionaires get up to. I’ll let the proper motivated fans worry about that
You dont have to be a genius mate and your summary is perfect really. No asset stripping going on here just the perception from some fans which then convinces some more fans it must be true. I believe the main problem here is that 49ers were left with massive debts if we failed to go up and most contract related due to outstanding payment terms for contracts transfer fees for this year. All the outstanding stuff for this year is more than covered by the transfers this summer. Think we were due to pay £76m this year so all sorted for this year. PSR now complied with too, however the statements made by Maratha have now been shown to be lies: “any player we sell will be replaced by the same quality or better quality player” that was one and then we had: “we are ambitious and will be funding the club to guarantee promotion this year” there were others but you get my drift. Fans feel cheated and the lack of communication and lack of clarity is as bad as we had under Radz. 2 weeks to pee or get off the pot
Well if it’s that much then there’s no way we paid anywhere near €35 for him or someone has this wrong. The sell on fee is a percentage of any profit above the amount we paid for him not the full fee we sell him for (unless its another colossal contract negotiation error by our recruitment team).
that would be some fck up I never believed we paid north of 30m for him. Maybe 30-35 if all add-ons met. Let’s say it’s 25m base which is one of the figures mentioned at the time. Then ignoring any euro/sterling discrepancy we’re looking at 15m profit of which 5m would be c30%… still seems hefty. It was Gnonto who apparently had the ‘stupid’ sell on clause… which might explain why he’s the one still here.
The fee we paid was €28m roughly £24m, a down payment of €13m plus €5m per season for 3 seasons, first payment July 1st 23/24, next payment due july 1st 24/25, which is paid now, if he was sold at a profit then the remaining €5m as to be paid too, nothing to do with add ons. The add ons (€14m)were for PL appearances, Goals scored and French caps, non of them were achieved, so we made roughly £16m profit, less wages, it's just that we have to pay the remainder of what we owe now rather than 25/26.
Ok I was going to say I'll bite, Marcos, but some dickhead who likes word play, such as myself would come along, and ask where I intended to bite you , so instead I'll give an opinion 1) From my analysis of the audited accounts, I don't believe they are asset stripping, I along with many others saw this coming. I accept that some see it differently, and they may well be right, but I don't see any evidence of it so far. Of course that doesn't mean I am right either. 2) Correct 3) Given that the clubs consolidated profit/loss accounts in June 2023 show a deficit of £199m, and liabilities outstrip assets by £100m I don't think the club needs to worry too much about taxation on profits, as any profits the club makes will be offset against historic losses. 4) See 3 - He would have needed to raise over £100m before he started to see a positive benefit from those sales 5) Archie was already associated with the club prior to Radz buying it. Summerville was one that worked out. Rutter was an ok purchase at totally the wrong time. The rest of this seasons sales have from a transfer fee point of view, netted us a loss of approx. £10m. One of those was also a youth player prior to Radz buying the club, so discounting him, that takes the loss on the other 4 to approx £14m, so that's probably wipes away the profit we made on Rutter. So I guess we can give Orta credit for Summerville
Whilst I don’t understand the detail financial ramifications, if we bought Georgie for £24m and the additional add-ons have not been triggered then his value to the club is now below £20 m due to him being 18 months into his contract. I can’t recall the length of the contract but it’s probably around £18m. So a bid anywhere beyond £35m ( basically doubling our money in P&S value) would appear sound in financial terms. The issue is not him going, though I didn’t want him to leave, it’s about who we bring in to replace him. I had doubts about DF when he was first appointed, but that aside felt he dealt with last summer extremely well. He also did extremely well to get us into the title race, after the poor start, even though I’m not a great fan of the football we sometime play. I doubt changes will be made to the managerial position, so hopefully we can attract a few quality additions in what remains of the window, and he can get near last year’s points total. Surely that’d be enough this time around. I feel saddened, by these recent events, even though after supporting em for 60 yrs, they still have this nagging ability to ruin my retirement on a regular basis.
and mine... it's annoying when these fancy dan's come in with annoying, well-explained, factual-based content. Don't they know the house rules?!?
There's going to be a lively LUFC debate this evening and Ell will be in attendance. Feel free to come along and join in! https://x.com/i/spaces/1YpKklPyyZrGj
