- Jul 28, 2006
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Well if we're not getting the 2 croat babies, surely that means we have a extra £17mil to spend.........right?
I don't think it works that way.
Well if we're not getting the 2 croat babies, surely that means we have a extra £17mil to spend.........right?
Well, I never even thought about doing that "cough"
Why do we have to always have the same discussion?
There is not actually a "war chest" - I.e. a big wooden box full of fucking doubloons - in the corner of Levy's office.
Players need to be paid money as this is their job. They do not do it for free. The better ones get lots of money. So do some bad ones. This means that buying a player is not just a case of taking some of the imaginary doubloons out of the imaginary chest and then counting what is left.
Also, different players being paid different amounts of money means that sometimes we have to get them off the wage bill before we spunk another 5 years of "only" £120k per week and end up paying two players for the same slot in the team. The alternative version of this policy is known as "doing a Leeds" and ends badly.
That is all.
Which rather casts a shadow on the ITK then doesn't it?FFS of course we know there isn't a chest in the corner of the office. War Chest is a Colloquialism. Its easier to say that, than, we have got £50 million pounds in Daniel Levy's back pocket ready to use in the case of an emergency just break the seal! What is on offer is what we expect to be paid for a player. Seeing that the club has a wages policy that will have been taken into account over and above the transfer fee. But life isn't that simple I expect there are other factors to be taken into account. We are not simples eh!
FFS of course we know there isn't a chest in the corner of the office. War Chest is a Colloquialism. Its easier to say that, than, we have got £50 million pounds in Daniel Levy's back pocket ready to use in the case of an emergency just break the seal! What is on offer is what we expect to be paid for a player. Seeing that the club has a wages policy that will have been taken into account over and above the transfer fee. But life isn't that simple I expect there are other factors to be taken into account. We are not simples eh!
The best post I have seen in here for a long time. Well said.We talk about transfers in terms of single-stream because it's best estimate. Clubs stage all transfers (maybe not the petro clubs) and the fact is that the number we see is usually best case scenario depending on performance clauses.
So we say Paulinho is 17m GPB. And we consider it all all paid this year.
Because the real truth is that he is probably 4m this year, 3m this year and 3m the following with conditions allowing for an extra 5m if he hits all markers. But figuring that out is either a full time job or a commitment of the utmost love. So it's easier to use one value and one time frame.
And it's exactly why Real Madrid still owe us 20m. They aren't strapped for cash. They staged the transfer.
As always, the Swiss Ramble is helpful for understanding just how little we understand on finances. http://swissramble.blogspot.com/2013/04/show-me-money.html
In that article you will see two interesting things immediately.
One) we have the most investment in fixed assets of any club in the league. 42m GPB and it's all the training center. This can't be stressed enough......fix assets limit a club, as unlike a player, you can't sell them to a Russian club for a positive ROI. The good thing is that you get much more time to pay those debts off. But that 42m is going to continue to rise through the building of the our new stadium and it is a debt that will need to be serviced from our income just like any players.
So the next time somebody calls Levy cheap, if you want to defend him, there are 42 million arguments at your immediate disposal. We're a club, not a goddamn player exchange outfit. We have way more financial obligations than a striker.
Two) We have roughly 32 million in working capital. Money that can be used to spend on debts owed. Paulinho=17m. 32m-17m=15m. Anyone else seem to recall that exact number recently? And this is why you play the ball and not the man. Ali Z was told something and passed it on in earnest. But whoever told him that seemed to be equating working capital with spending power.
And that is not the case.
So Calm Down.
After I donate my £200, I intend to keep on living and supporting Spurs.If we sign him the £200 will be a parting gift as I'll give up on Spurs, and probably life.
I'm with u on that one, Mill. And if the ITK is correct, we had bids of €20 million and €7 million accepted for the Croatian lads and Villa respectively, so surely that money is still available?Thing is the money we were prepared to spend on either mouts or damio should be available still plus whatever we would've made available anyway this summer plus however much extra tv money and sales we make, I don't think £50m should be out of the question
Or get wound up, but still masturbate lots!
Glad we're back and running and I wasn't on that list. Must admit I prefer discussions to arguments though. .
I know.FFS of course we know there isn't a chest in the corner of the office. War Chest is a Colloquialism. Its easier to say that, than, we have got £50 million pounds in Daniel Levy's back pocket ready to use in the case of an emergency just break the seal! What is on offer is what we expect to be paid for a player. Seeing that the club has a wages policy that will have been taken into account over and above the transfer fee. But life isn't that simple I expect there are other factors to be taken into account. We are not simples eh!
I think he has a wooden wheelbarrow for the cash..So just to be clear, Daniel definitely does not have a wooden chest in his office? Gutted!
I agree, but we also have the need for the players that will keep the fans and players like Bale happy. We need a striker - a good one - there is a place for the youth players to make appearances once they are ready but we also have to appreciate that the club will be watching them and will play them when they are ready - if not ready, they go on loan again. We have to keep adding to that pool of young talent in the hopes that one or two will come through as stars. Unfortunately there are lots that don't live up to their earlier potential (Bostock being a prime example).One player i would really like us to give a chance to play is Yago Falque.
No need to splash money out on youngsters were we already have a talented bunch within the club.
Just got to give them a real chance.
FFS of course we know there isn't a chest in the corner of the office. War Chest is a Colloquialism. Its easier to say that, than, we have got £50 million pounds in Daniel Levy's back pocket ready to use in the case of an emergency just break the seal! What is on offer is what we expect to be paid for a player. Seeing that the club has a wages policy that will have been taken into account over and above the transfer fee. But life isn't that simple I expect there are other factors to be taken into account. We are not simples eh!
We talk about transfers in terms of single-stream because it's best estimate. Clubs stage all transfers (maybe not the petro clubs) and the fact is that the number we see is usually best case scenario depending on performance clauses.
So we say Paulinho is 17m GPB. And we consider it all all paid this year.
Because the real truth is that he is probably 4m this year, 3m next year and 3m the following with conditions allowing for an extra 5m if he hits all markers. But figuring that out is either a full time job or a commitment of the utmost love. So it's easier to use one value and one time frame.
And it's exactly why Real Madrid still owe us 20m. They aren't strapped for cash. They staged the transfer.
As always, the Swiss Ramble is helpful for understanding just how little we understand on finances. http://swissramble.blogspot.com/2013/04/show-me-money.html
In that article you will see two interesting things immediately.
One) we have the most investment in fixed assets of any club in the league. 42m GPB and that is mostly allocated to the training center. This can't be stressed enough......fix assets limit a club, as unlike a player, you can't sell them to a Russian club for a positive ROI. The good thing is that you get much more time to pay those debts off. But that 42m is going to continue to rise through the building of the our new stadium and it is a debt that will need to be serviced from our income just like any players.
So the next time somebody calls Levy cheap, if you want to defend him, there are 42 million arguments at your immediate disposal. We're a club, not a goddamn player exchange outfit. We have way more financial obligations than a striker.
Two) We have roughly 32 million in working capital. Money that can be used to spend on debts owed. Paulinho=17m. 32m-17m=15m. Anyone else seem to recall that exact number recently? And this is why you play the ball and not the man. Ali Z was told something and passed it on in earnest. But whoever told him that seemed to be equating working capital with spending power.
And that is not the case.
So Calm Down.
We talk about transfers in terms of single-stream because it's best estimate. Clubs stage all transfers (maybe not the petro clubs) and the fact is that the number we see is usually best case scenario depending on performance clauses.
So we say Paulinho is 17m GPB. And we consider it all all paid this year.
Because the real truth is that he is probably 4m this year, 3m next year and 3m the following with conditions allowing for an extra 5m if he hits all markers. But figuring that out is either a full time job or a commitment of the utmost love. So it's easier to use one value and one time frame.
And it's exactly why Real Madrid still owe us 20m. They aren't strapped for cash. They staged the transfer.
As always, the Swiss Ramble is helpful for understanding just how little we understand on finances. http://swissramble.blogspot.com/2013/04/show-me-money.html
In that article you will see two interesting things immediately.
One) we have the most investment in fixed assets of any club in the league. 42m GPB and it's all the training center. This can't be stressed enough......fix assets limit a club, as unlike a player, you can't sell them to a Russian club for a positive ROI. The good thing is that you get much more time to pay those debts off. But that 42m is going to continue to rise through the building of the our new stadium and it is a debt that will need to be serviced from our income just like any players.
So the next time somebody calls Levy cheap, if you want to defend him, there are 42 million arguments at your immediate disposal. We're a club, not a goddamn player exchange outfit. We have way more financial obligations than a striker.
Two) We have roughly 32 million in working capital. Money that can be used to spend on debts owed. Paulinho=17m. 32m-17m=15m. Anyone else seem to recall that exact number recently? And this is why you play the ball and not the man. Ali Z was told something and passed it on in earnest. But whoever told him that seemed to be equating working capital with spending power.
And that is not the case.
So Calm Down.
I think he has a wooden wheelbarrow for the cash..
One player i would really like us to give a chance to play is Yago Falque.
I really think he has the potential to be a big player. Apparently he played a huge part in securing Almeria into promotion to the La Liga.
I think players like him, Townsend and Carrol defintely have what it takes to play as back up to bale and lennon etc.
We tend to overlook our current crop of rising stars.
Ideally i would like us to invest heavily only on players that can go straight into the first team ie Paulinho and hopefully a striker of Benteke/Soldado etc.
No need to splash money out on youngsters were we already have a talented bunch within the club.
Just got to give them a real chance.