Correct and 10m of that will be amortised by the end of the season. So if we sold him for 50m then we would book a 35m profit this year. That means we could sign 175m of new players on 5 year deals as the amortisation would only be 35m so we wouldn't breach any financial limits this year. Next year might be problematic but there should be time to deal with that.
no you couldn't as £175m worth of players and their wages would be far more and if you think you are getting 5 players worth £175m on free transfers it sounds ,to be polite, very unlikely . Plus this is just PSR and not real finance which you regularly say limits your spending
1) it's only half a season so my 35m covers wages and amortisation. 2) our loan covenant is on EBITD which is quite similar to the PSR calculation but with fewer get outs so is a tighter limit. 3) some of the numbers are estimates so my calculation won't be bang on
My point is that selling Kulusevski this window theoretically opens up a surprisingly high spend without breaching any covenants this year. Next year we have another year's revenue but it still might need further sales.
i'm not convinced about your figures but am convinced selling your best player for £50m is a bad idea for your club
This is all deep financial stuff. Seems that many clubs are limited by financial constraints. Apart from one it seems, and oddly enough I'm not talking about the clubs backed by oil states. I have never understood how the scum known as Chelsea can seem to spend in unlimited amounts yet nobody in the media ever mentions them being constrained. Yes I know they did all the dodgy stuff with 60 year contracts and all that, but even then it seems to me that if you've only (in a dodgy financial way rather than in reality) paid one eighth of the cost of a transfer because they signed for eight years, then in the second year that player still adds another eighth of their transfer cost to the transfer budget and you haven't bought anyone else. But Chelsea have bought about 150 players so even if you are paying fractions last year they are still adding to this year's budge and so on for many years. Plus they have a massive wage bill. So why are they, the scum team (putting it as mildly as I can) immune to the financial constraints that everyone else has to live by? Weren't we told that Newcastle were the richest club in the world after the takeover - yet pissy Chelsea have outspent them. How? Goodness it would be a great day if Chelsea's financial model falls apart.
Chelsea got the Abramovic loan written off which helped a lot. But I think their financial model and compliance with PSR depends on them selling their homegrown players because that ejects the full sale price into the calculation immediately. They have been pretty good at this but it's a huge loophole in the rules because clubs can effectively swap homegrown players in two separate deals at inflated prices and get the full benefit on the sale but only need to amortise 15 to 20% on the purchase.
Romano claims we're on the verge of signing Slavia Prague GK Antonin Kinsky, with him booked for a medical to take place later today ...that's the 21 year old goalkeeper, not his father who is also named Antonin Kinsky who is a 49 years old former goalkeeper That being said he looks a legit good prospect, as he's capable of pulling off saves he has no right to get to, yet is also very good with his distribution and with the ball at his feet, which can best be summed up with this stat for the season: 19 league games, 12 clean sheets
He’s very highly rated in his own country and regarded as one of the best U21 goalkeepers around. Glad we haven’t gone for an average stop gap like Johnstone and we’re getting someone who could potentially compete with Vic . Only concern is he’s not homegrown so will have to offload none homegrown players this Jan to fit him in our squad.
Looks like it's on , as per usual I've never heard of him and googled him like Danny Rose when I first heard about him
I think we might be able to get around it for half a season as he technically qualifies as U21 still - though in the summer there will obviously be a bit of Squad Tetris involved
