The Night-Owl Posted August 6, 2019 Share Posted August 6, 2019 (edited) 21 minutes ago, SallyCinnamon said: Exactly. You have Lees, Borner, Iorfa, Van Aken, Thorniley and even Hutch if needed to play centre back. In midfield we are playing with 3 and only have 4 options. If we are only bringing 1 or 2 in i’d much rather we beef up the middle of the park. Hector was our best defender by a mile last season. There are question marks over all the others you named. Plus we see the better of Lees when he's alongside a commanding powerful centre back. He looked a much better player alongside Loovens and Hector. Hutch is injury prone and more valuable in midfield, Borner is an unknown quantity that could still go either way, Iorfa as performed better at full back at times, the others are inconsistent. There's no question that we still need Hector and with the way he fitted in last season, he surely has to be our main priority. It's unfair to compare him with the likes of McGugan and Rhodes, when Hector was our player of the season. Edited August 6, 2019 by The Night-Owl Link to comment Share on other sites More sharing options...
Hookowl Posted August 6, 2019 Share Posted August 6, 2019 35 minutes ago, steelcityowlsfan said: Who's f***ing buying him, Northern Rock?!!! Wonga, we'll get the massive interest rates. Link to comment Share on other sites More sharing options...
basegreenowl Posted August 6, 2019 Share Posted August 6, 2019 (edited) But Reading though. They must have promised him a start every game and some of that wavered sell-on clause cos who normally would go there in their situation. Many see them as relegation fodder. Edited August 6, 2019 by basegreenowl Link to comment Share on other sites More sharing options...
OxonOwl Posted August 6, 2019 Share Posted August 6, 2019 1 minute ago, pazowl55 said: I always thought for buying it's done over the length of contract. So with rhodes 8m that's 2m each season ffp. But for selling it's all upfront. so 6m counts towards our losses this or next season. this is regardless of how the clubs finance the deal. When you buy and you pay all at once, the money can go through the accounts spread over the length of the contract. If in instalments it would be accounted as and when it is paid When you sell you can only account for the money as you receive it, in case you don't get it all. Link to comment Share on other sites More sharing options...
Crofty_11 Posted August 6, 2019 Share Posted August 6, 2019 Brainless decision - I know no one would buy Fletcher due to his age & wages, but Joao would have been the last striker out for me. 25, coming into his prime. If we'd have kept him & played him, he'd have been worth £10 million + by the end of this season. Only Reading benefit from this. We lose our most talented striker & Joao signs for a middle of the road, going no where club. Bitterly disappointed at this news. 2 Link to comment Share on other sites More sharing options...
striker Posted August 6, 2019 Share Posted August 6, 2019 (edited) 11 minutes ago, Bluesteel said: How would that help us? If weve waited all summer for a pants down deal and let other replacements waltz off to wastelands like Wigan it is more than frustrating Maybe DC sees value in offsetting the fee against incoming transfers in future years FFP losses. Or maybe it's the best deal we could do, accept more but over longer? Weve already generated £4m compensation plus c£2.5m wages saved on the Steve's and 3 first team players down on last years wage budget. Rhodes also looks to be out of the door, hopefully removing a £2m liability from this years losses, plus his considerable wage. I'm no accountant, sure one will be along in a minute to tell me I'm talking testicles Edited August 6, 2019 by striker Link to comment Share on other sites More sharing options...
prowl Posted August 6, 2019 Share Posted August 6, 2019 12 minutes ago, EcclesallOwl said: No transfer fees are paid completely upfront It's difficult to say never or ever, there are no hard and fast rules. It's down to the clubs, players and agents to agree the terms of the deal. Link to comment Share on other sites More sharing options...
happy bunny Posted August 6, 2019 Share Posted August 6, 2019 So, are we better off or not I'm confused Link to comment Share on other sites More sharing options...
OxonOwl Posted August 6, 2019 Share Posted August 6, 2019 15 minutes ago, prowl said: The important thing is that we get to show the whole fee in the profit and loss account straight away irrespective of the amount of money paid over at the time of the deal. We show the money coming in as cash in hand and the balance as a debt owed to us. Both appear on the credit side from the date of the transfer. As further payments are made the cash in hand increases and the debt owed to us reduces. Effectively the whole fee helps us for P & S purposes in the accounting year of the sale. You can't count cash as income unless you have received it Quote With cash basis, only record income you actually received in a tax year. Don’t count any money you’re owed but haven’t yet received. From www.gov.uk Link to comment Share on other sites More sharing options...
steelowl Posted August 6, 2019 Share Posted August 6, 2019 28 minutes ago, pazowl55 said: Am pretty sure for FFP purposes it doesn't matter how we structure the deal with Reading. If the total we receive is say 6m money. that that comes off the ffp for this season. an accountant may find ways Link to comment Share on other sites More sharing options...
nbupperthongowl Posted August 6, 2019 Share Posted August 6, 2019 £800k up front does seem a small proportion of the £5-7m transfer fee, but don't forget reading have been umbongoed.... maybe they pay the balance in their next accounting period, which is before our July year end. So we get the £s in this financial year.... everyone then plays the FFP game Link to comment Share on other sites More sharing options...
TheEnchanter Posted August 6, 2019 Share Posted August 6, 2019 14 minutes ago, Crofty_11 said: Brainless decision - I know no one would buy Fletcher due to his age & wages, but Joao would have been the last striker out for me. 25, coming into his prime. If we'd have kept him & played him, he'd have been worth £10 million + by the end of this season. Only Reading benefit from this. We lose our most talented striker & Joao signs for a middle of the road, going no where club. Bitterly disappointed at this news. £10M by the end of the season? We've been saying that for 4-5 seasons mate. When do you draw the line? Especially when we need to raise funds to improve other areas of the squad and keep our heads above the ffp water . Link to comment Share on other sites More sharing options...
sweetsheri Posted August 6, 2019 Share Posted August 6, 2019 20 minutes ago, Bluesteel said: Let’s assume conservatively 5m plus add ons for Joao 4m Rhodes 3m for Bruce and co. Thats 12m raised but assuming only a percentage of Joao fee is up front this year, say 1/2m. We have to pay Boro 4m for Rhodes to settle up (but saves us his wage for he year and the 2m annual payment) 3.5m. Plus Bruce cash. Estimate of circa 7/8mincome for the accounts this year. Hard to see where we are at with the accounts moving forward but if were out of the embargo we must have a bit of that to play with now. We are £350k better off... Link to comment Share on other sites More sharing options...
steelowl Posted August 6, 2019 Share Posted August 6, 2019 Is a joao a Doyen player? Link to comment Share on other sites More sharing options...
mogbad Posted August 6, 2019 Share Posted August 6, 2019 42 minutes ago, prowl said: They really aren't. Theres no set terms, it's negotiated at the time of sale. Some are paid straight away some over a set period. Transfer fees are amortised over the length of the transfer but that is an accounting thing related to taxation and nothng to do with money passing between clubs. Im of the impression that when you buy a player the fee is amortised over the length of the contract but when you sell a player the full fee shows as income in year one but any amounts outstanding by the buying club shows as a debt owed to the club. 1 Link to comment Share on other sites More sharing options...
CadTheOwl Posted August 6, 2019 Share Posted August 6, 2019 Great player, below average application. I don't believe you need great players to get out this league, you need the right players in the right positions who apply themselves every game to a high standard. Hate to say it but like the pigs last year. Get shut for a good sum and move on. Link to comment Share on other sites More sharing options...
torres Posted August 6, 2019 Share Posted August 6, 2019 36 minutes ago, Bluesteel said: Let’s assume conservatively 5m plus add ons for Joao 4m Rhodes 3m for Bruce and co. Thats 12m raised but assuming only a percentage of Joao fee is up front this year, say 1/2m. We have to pay Boro 4m for Rhodes to settle up (but saves us his wage for he year and the 2m annual payment) 3.5m. Plus Bruce cash. Estimate of circa 7/8mincome for the accounts this year. Hard to see where we are at with the accounts moving forward but if were out of the embargo we must have a bit of that to play with now. The annoying thing is, Fat Bruce would be ideal now, to spend some money! 1 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted August 6, 2019 Share Posted August 6, 2019 22 minutes ago, OxonOwl said: You can't count cash as income unless you have received it From www.gov.uk Company accounts are not prepared on a cash basis! 1 Link to comment Share on other sites More sharing options...
Crofty_11 Posted August 6, 2019 Share Posted August 6, 2019 (edited) 20 minutes ago, TheEnchanter said: £10M by the end of the season? We've been saying that for 4-5 seasons mate. When do you draw the line? Especially when we need to raise funds to improve other areas of the squad and keep our heads above the ffp water . Personally, in this market, I already think he's worth £10 million. I maybe wrong, but I won't be surprised if he's knocking around the 20 goal mark by the end of the season (as long as he stays fit). Our next youngest striker is 28/29, so we'll need to reinvest in this area soon. I just think Chansiri's making a terrible decision. Edited August 6, 2019 by Crofty_11 Link to comment Share on other sites More sharing options...
Ellis Rimmer Posted August 6, 2019 Share Posted August 6, 2019 2 minutes ago, Crofty_11 said: Personally, in this market, I already think he's worth £10 million. I maybe wrong, but I won't be surprised if he's knocking around the 20 goal mark by the end of the season (as long as he stays fit). Our next youngest striker is 28/29, so we'll need to reinvest in this area soon. I just think Chansiri's making a terrible decision. you would pay 10m for Joao? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now