It was always a dot on the card that as soon as the FFP rules were introduced that the real moneybags clubs would immediately hire a bunch of "creative" accountants to dance their way around them. What will probably follow now, assuming that UEFA intend these rules to be taken seriously, will be the usual game of UEFA closing loopholes and smart arse accountants finding and exploiting new ones. It could go on forever and a day!...
The end of next season (if not this) will be the acid test. No PL club is allowed to have 45m Euros more in debt than on "day zero" . And then it goes rolling window.
Factitious Madrid's creative accounting gets me - they spend £25m on a player, but it's over six years UEFA somehow allow them to say they spent £4.16m on the player, which is complete bollocks as the accounts of companies in any other sector will mark it as £25m spent and that's that. There's also the slight irony that Barca's transfer ban will help their FFP standing for the next few years.
I just thought I'd mention a programme called "Great Performances" with "The Dave Clark Five".Darn it,it had me choked up! There they were in the Tottenham Royal performing "The Tottenham Sound" and trying to destroy the Royal with the foot pounding! This all may be before some of our fans were born!!!!? I remember the boards beaming out "The Tottenham Sound v The Mersey Beat".Wow!!!!!! There was Dave at a deserted White Hart Lane by The Shelf and on the field.Then we saw scenes of the Spurs in action,probably around 1960/2 and our,then,crowd going bananas!We had a lot to go bananas about in those days! Dave was born in Tottenham and did a lot of Karati at the local gym.My mate attended with him. Nostalgic as heck......he had 500,000 in their fan club.His dog Spike had 50,000 in his!Really! ...even got to see a "fat" Twiggy! Oh! I've got too old......... If you can get the dvd,get it! My mum worked at the food bar at The Royal when The Five were performing.She said the whole bloody place was going crazy and she couldn't hear what anyone was saying!
I'm not sure if UEFA rules allow amortisation or not. If they do, then I would have thought that they would have to amortise the whole cost of the player, including wages, over the life of his contract.
[video=youtube;XoRLIJJSG4o]http://www.youtube.com/watch?feature=player_detailpage&v=XoRLIJJSG4o[/video]
My old man (who was an N18 Mod) used to rip the p*ss out of the Dave Clark Five. Even thirty yrs on whenever the above clip appeared on TV. When Ready Steady Go was rescreened in the UK in the 80s/90s, my folks also pondered why the DC5 were appearing on so many shows when there were far better acts in the archives. Get to the bottom of the end credits and it turns out that Dave Clark had bought the rights to the show.
Surely it is correct to amortise the cost of the player (because you will get that back if you sell him on, at least theoreically) but the wages are revenue and should be charged year on year. Otherwise if your only transfer was to sign Messi for £150m one year and sell him for £150m the next you'd have a massive loss one year and a massive profit the next, when actually you broke even.
"Oh! I've got too old" Hope your folks were better behaved at the Royal than my dads' crowd were at the Globe (N18) . He told me one of his mates was half-drunk once and lobbed a bottle at Eric Clapton shouting : Geroff !!! You're rubbish !!!
A very produced band, but Dave Clark was no mug, a business man first. Perhaps we could sign him up as our new manager, perhaps he could put our 'bits & pieces' of a team together.
"I'm not sure if UEFA rules allow amortisation or not." You cannot spread the cost out like that. No matter how get real Madrid pay for Bale, they have a 100m Euros "creditors owing" on their books. Breaking it down into creditors owing "within N years" etc is legitimate business practice, but doesn't change the total liability.
"Perhaps we could sign him up as our new manager, perhaps he could put our 'bits & pieces' of a team together." Perhaps he is already responsible for the mobility training for the back four.
Yes, I agree. That would make sense. As I say, it seems to me that if you are going to amortise, then it should be total expenditure, not just the transfer fee. Obviously, how the fee is paid would come into the equation also. From the example HBIC gave, it suggests that amortisation is allowed. But, I think his example is assuming that the fee is paid as one lump sum in cash and then amortised over the life of the players' contract.
It's been a while since Spurs fans have been "glad all over" and taunting Arsenal to "catch us if you can". (best two DC5 songs there) DC5? Wasn't that an alias Ensil used?
So, how many do you guys think United will lose by tonight? I think it's going to be a tonking, and will end up at 3-0. Moyes' "tactics" will undoubtedly be to park the bus for 120 minutes and to hang on for a penalty shoot-out, but once Bayern score their first goal, United will have to open up and actually play football, and that's when they'll get tonked.
Parking the bus won't do Moyes any good, they have to score! 0-0 ( extremely unlikely!) means Bayern go through on the away goal.
Man Utd didn't really park the bus the other week. Munich played like Barca with the tempo of Spurs 2013/14. If they play the same again, Man Utd could nick it. If they play at their typical Teutonic pace, they should win. Pep seemed a bit tetchy in the post-match interviews the other day. There has been some vocal criticism about the 'Barca-fication' of Munich by various people.
