- May 22, 2011
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On the balance sheets it is; cost us £50mill (plus wages) to have him for a season. (130 to 80 is a £50mill depreciation in value- he costs us £50mill, plus what, another £15mill in wages either way).
Where it differs is, he has fan rapport, team familiarity, is a known entity, etc. which wouldn't be the same thing I know if we were loaning him from someone else.
Purely from a financial standpoint though (with no sentimentality attached), both scenarios (loaning him for £50mill or his value depreciating £50mill) would suggest he alone brings £65mill in financial value to the team. Which could be valid if his presence meant winning the premier league as opposed to merely qualifying for top four. Or maybe qualifying for top 4 vs failing to reach top four.
Not entirely true because loaning him for 50m is 50m in the expenditure and therefore has a 50m ffp over one season where as already being at the club his cost has been amortised over contract and if we sell for 80m it’s 80m profit and a huge plus for ffp
