The Daily ITK Discussion Thread - 20th June 2013

Flashspur · Jun 20, 2013

Bus-Conductor said:
Seconded. Who is this guy. Is he from a forum and what forum was he talking about when he said "if it appears on a well known web site" ?

it smells all wrong to me.......doesnt make sense

rawhide · Jun 20, 2013

wookie said:
Or... D Cullen has you believing exactly what she wants you to. While laughing at us weak minded fools

Jedi mind trick!

yiddodiddodo · Jun 20, 2013

RM want Paulinho?
smells like sell us Bale and we wont buy your target

Lilbaz · Jun 20, 2013

Smells like journalist needs story for back page, remebers paulinho scored in the game the other night, is living in madrid. Bobs your uncle that'll be £5 grand please.

Wish i was a journalist.

SWyid · Jun 20, 2013

yiddodiddodo said:
RM want Paulinho?
smells like sell us Bale and we wont buy your target

How about: sell Higuain to Arsenal and you won't ever get Bale?

Spirit58 · Jun 20, 2013

SWyid said:
How about: sell Higuain to Arsenal and you won't ever get Bale?

How about : We have ambitions to be the greatest team in world football, you won't ever get Bale ?

( I see the flaw in that as we have already achieved that status)

Flashspur · Jun 20, 2013

nice

EJWTartanSpur · Jun 20, 2013

Wonder how Casemiro would feel about that ?

pablo73 · Jun 20, 2013

ryantegan said:
Joe Lewis sacked Harry.

This is a fact

He has just become my lifelong hero.

tony0379 · Jun 20, 2013

I think the next piece of ITK will be about a imminent signing

TheGreenLily · Jun 20, 2013

Freund goes nowhere and I don't care for whatever reason.

Greatest and best cheerleader we have ever had, club ambassador or whatever, he goes nowhere.

JerryGarcia · Jun 20, 2013

wishkah said:
Correct - spot on.

if you remember all that stuff we once wrote about LOCs and Invoice discounting you'll see you don't need to actually have the money NOW.

For a recap:

LOC = letter of credit. Essentially a guarenttee of something being completed by a BANK. so the bank takes the risk away from the buying club, confirming payment to the sellers club.

Invoice discount = look at what you're owed over time, and the bank with give you (e.g.) 90% of that value up front to play with, while the bank sits back and collects over time.

We're getting there people! finance 101!

Someone mentioned the other day that we have a debt of something like £70m at the moment, would that be partly covered by these incoming payments from clubs like Madrid and whoever else still owes us money? That would mean we actually have more money available than it would at first appear, I'm not a financialist so I have no idea what I'm really talking about.

The Watcher · Jun 20, 2013

HappySpur said:
Oh and the reason you didn't win: Russell Brand is on fire

Has he caught the clap again? Tut, tut - once a filthy junkie pervert, always one I say. :cautious:

rawhide · Jun 20, 2013

JerryGarcia said:
Someone mentioned the other day that we have a debt of something like £70m at the moment, would that be partly covered by these incoming payments from clubs like Madrid and whoever else still owes us money? That would mean we actually have more money available than it would at first appear, I'm not a financialist so I have no idea what I'm really talking about.

Not wishing to rock the boat, but doesn't having a large debt usually reduce the amount you have to spend?

AllSeeingEye · Jun 20, 2013

wishkah said:
Correct - spot on.

if you remember all that stuff we once wrote about LOCs and Invoice discounting you'll see you don't need to actually have the money NOW.

For a recap:

LOC = letter of credit. Essentially a guarenttee of something being completed by a BANK. so the bank takes the risk away from the buying club, confirming payment to the sellers club.

Invoice discount = look at what you're owed over time, and the bank with give you (e.g.) 90% of that value up front to play with, while the bank sits back and collects over time.

We're getting there people! finance 101!

Indeed. Welcome one and all to the magical world of without recourse financing, discounted receivables, promissory notes, interpolated LIBORs and MT700s and all that sparkly jazz......

Holtby City · Jun 20, 2013

yojambo said:
Hmmm he says Sherwood appointed Steffen Freund but in the first interview Steffen did
with Tottenham (the video is on youtube) he says he spoke to Andre for three hours on the phone
then the next Andre phoned him back and said "yes, i would like to have you here at Spurs".
So Sherwood may of suggested Freund but he didn't appoint him.

I don't know about these days, but Freund and Sherwood were far from friends in their playing days. For that reason I was very (though pleasantly) surprised when Freund was appointed last summer.

Lilbaz · Jun 20, 2013

rawhide said:
Not wishing to rock the boat, but doesn't having a large debt usually reduce the amount you have to spend?

Not really, chelsea, man u, barcelona, arsenal, real all have debts in the hundreds of millions but can still spend far more than us. It's all about cash flow.

CrazyKen · Jun 20, 2013

brasil_spur said:
Look at me guys..I am dancing.

CrazyKen · Jun 20, 2013

tony0379 said:
I think the next piece of ITK will be about a imminent signing

markiespurs · Jun 20, 2013

rawhide said:
Not wishing to rock the boat, but doesn't having a large debt usually reduce the amount you have to spend?

Only in real life, but not in Football

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