yes but Mito was talking real finances not the smoke and mirros of PSR* mind you think all financial accounts have a large amount of smoke and mirrors about them though i'm a bit jaundiced after seeing so many farmers accounts done in such a way that they qualified for benefits when they shouldn't have .
I think the point Donga was making (he used the wrong wording, correct me if I'm wrong) - wasn't that we have £200m more to spend but that we could spend £200m more and still be PSR compliant. Part of the workings out is from Swiss Ramble, updated by independent Dave Powell, Business of Football analyst (whatever that means).
Fsg lent us money. They take 12mil per year out as debt repayment. A 10 year deal to pay for 120mil main stand. They would say they gave us the moeny interest free as no bank would. Did us a favour apparently. So ignore the psr and ffp stuff. Think like a business. Can you make ends meet? For the past 2 seasons we made losses due to performance. We have expanded and made more revenues so you'd hope we can now spend more, cover thr extra wages and break even. Thats business. People talking like 200mil pops up from nowhere to pay these fees are acting like we are run by Todd bohley and we will take on the debt. Let's see where we actually end up with the fees. We have to balance this out over time and break even.
Our current net spend is 196mil. Its on the summer tracking thread and includes all current buys and sales.
Any of you thought it might be good for the club to put the idea that we have "loads of wriggle room left" out there... We've got to negotiate players sales and it wouldn't be in our interest for clubs to think we need to raise funds
Liverpool have agreed a deal to sign Blackpool’s teenage sensation Gabriel Schluter. The talent is set for a medical next week.
Investment to sell on in three years, I would suspect. We'll never see him play. Got plenty of great youngsters already that never get to play.
Have the Saudis given up buying everyone now? Besides a tenuous link for Nunez, I haven't heard any crazy over the odds offers for unneeded players this year. If Elliott must go somewhere... Can't they pay us £200m for him?
most of the transfer fees weren't much bigger than normal it was the wages that were out of this world
They have squad limits on foreign players. Like 3 or 4 players per team The big money moves a few years back filled the slots the Saudi clubs had and/or replaced the journeymen who had made the move before Ronaldo. Now alot of those players are on big wages and probably won't be leaving till the contract runs out, slowing the whole thing down. So fewer places available to make the big Saudi transfers we saw a few years back.
The Isak rumours just not going away. I have concerns about his injury record but if, big if, we did sign him, along with the other 3, the energy levels of the team will be off the scale.
Okay. Well, I'm not saying either that we should be run like Chelsea, nor that we should run up debt that we can't pay off, but I will say this - if FSG did get us into a position of being in debt that incurs the sanctions of PSR because of stadium debt that is owed to them, then there's a way around that that doesn't include the creative accountancy that Chelsea have deployed - there is nothing, as far as I'm aware anyway, to stop FSG writing off that debt that contravenes PSR. It's not as if they're bunging us a billion for players and their wages. And don't forget, Abramovich walked away from Chelsea with a £1.5bn loan from him to the club that was actually for the playing squad, being written off like magic. All I'm saying is that, technically, we are still a long, long way away from fouling the PSR tripwire. That said, we shouldn't go around chucking money like £150m on Isak any more than we should have ever bid £110m for Caicedo: if we are enjoying the fruits of a bumper year last year for prize money, revenue, and parsimony in the transfer market, we should also remember we got here by not overpaying on transfers and wages for the five years since we last won the Prem, Darwin excepted. God knows, never mind Chelsea - who got lucky with Abramovich being forced to sell, IMO - the path of unlimited transfer budgets, super-inflated wages, and complete neglect of your stadium and training ground is the way trailblazer by United. And look at them just continuing down that road now, with less potential revenue than they've had for decades.
