Almost like free transfers aren’t free. So whatever we get for Tetteh is offset by the signing bonus, weekly wage, bonuses etc…
Transfer Rumours Summer '23 Transfer Thread
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K
Kalman
Guest
Seri alone cost 7 figures with his weekly wages and probably got a decent signing bonus.
Presumably, he means we spent about £9.5m last summer and if we were to sell all the players we signed, we'd make a profit.
I don't think he's referring to balance sheet losses (which Acun’s stated previously he's covering) at about 13m a year - I could be wrong but I think sharks referring to potential value of the players we picked up for free in the transfer market.
I keep seeing people referring to Tetteh going, has something happened that I’ve missed?
The manager confirmed were in discussions with another club after scunthorpe
The fighting over the monies owed when the Argentine lad lost his life was bloody distasteful.
Yet Cardiffs argument was that he hadn't signed but we're found liable anyway as the agreement between clubs had been.
K
Kalman
Guest
Fair enough. Still stumped on all the FFP stuff. I’ve tried breaking it down but a lot of it is guesswork until the accounts are released and I just can’t be arsed to attempt the calculations.
I do think our spend was much greater than £9.5 million though. That figure covers the transfer fees for Tufan, Allahyar and Sinik but not their wages and not the wages and signing bonuses of Seri, Óscar, Traoré, Tetteh, Christie, Figueiredo plus the wages and loan fees of loans like Pelkas, Vale, Baxter, Darlow and Ebiowei. There’s also the fee and wages we payed for Woods.
With all that taken into account, our transfer fee spend, wage bill, loan fees and signing bonuses, you’re probably looking at closer to £15-20 million spend on top of our existing wage bill and costs. The KLP money would’ve offset some of that though, which is why I’m confused how we’re so close to the £13 million loss per season limit.
With our supposedly low income from other source it wouldnt be hard to guess work based on what you said how they can go close. Who knows the club could be being overly cautious. Everyone's talking about Acun being impatient on this and I dont think we would have seen a summer like this if he was impatient
K
Kalman
Guest
It was very sordid but from a business perspective it made absolute sense for both clubs to fight tooth and nail to not be held financially liable and protect their own interests. That’s just capitalism. No business would want to foot the bill for an asset that no longer exists and doesn’t benefit the business.
Professional sports is in a weird situation where players aren’t just employees but very expensive tradable assets. So when a young lad and a pilot’s life is tragically lost, the clubs treat it the same as if an expensive inanimate asset was destroyed during a sale.
Kaminski is a fantastic keeper but he’ll go to the Premier League this season.
Kalman’s idea of Johansson would be great, but we would need to get the money from Tetteh and hope Rotherham wouldn’t ask the Earth (which they would seeing as we’re league rivals).
Karl Hein at Arsenal, Carl Rushworth at Brighton (though buying him wouldn’t happen and I hate having a loan keeper for a season), Matija Sarkic at Wolves (Grimsby lad) or Lucas Bergstrom at Chelsea (out of contract at the end of this season and did well enough at Peterborough last year) would be my choices.
Kalman’s idea of Johansson would be great, but we would need to get the money from Tetteh and hope Rotherham wouldn’t ask the Earth (which they would seeing as we’re league rivals).
Karl Hein at Arsenal, Carl Rushworth at Brighton (though buying him wouldn’t happen and I hate having a loan keeper for a season), Matija Sarkic at Wolves (Grimsby lad) or Lucas Bergstrom at Chelsea (out of contract at the end of this season and did well enough at Peterborough last year) would be my choices.
K
Kalman
Guest
Tetteh’s sale would go towards the 23-24 accounts. If we wanted to turn a profit on him for the 22-23 season, we needed to sell him before June 30th.
Shark Sports said we will have made a profit last year but I just don’t see how that would happen.
Wage bill is a separate budget though. We'd likely be operating to that regardless of who we brought in. It's not like we're reducing it just are close to maxing it.
I can see Oscar, Tetteh, Christie, Traore all attracting fees. We got something for Figs also who was a free. And given Sinik continuing his Turkish form last year and Tufan looking every bit a £4m midfielder I don't think we've lost too much value on those assets either, not yet at least anyway.
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We've lost money this season, there's absolutely no question.
I personally think last summer’s business was terrible, we got a bunch of high profile, high earning players that the owner chased after & then gave them to Shota to mould into a team.
It’s the equivalent of a cat catching a load of mice & birds, then putting them on the kitchen table & looking at you expecting you to be happy with the food it’s brought you.