- Aug 8, 2019
- 3,486
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I think his been called a lot worse mate its only a bit of banter.The name calling, no matter what you think of him, is grating now at this stage. Seriously. There's no need for it.
I think his been called a lot worse mate its only a bit of banter.The name calling, no matter what you think of him, is grating now at this stage. Seriously. There's no need for it.
Regardless of it being banter, I've seen many a good post ruined by that sort of thing lately.I think his been called a lot worse mate its only a bit of banter.
OK sorry if I have offended you.Regardless of it being banter, I've seen many a good post ruined by that sort of thing lately.
Its making this place a lot more toxic than it needs to be.
I know you're trying to be funny here, or at least I think you are, but you haven't offended me. Just bored seeing names for him thrown about everywhere.OK sorry if I have offended you.
Not sure, but Alan Sugar's private jet which has been parked at an airfield near Lisbon since Friday landed at Luton an hour ago.
The best summary is - No one knows.Someone save me reading 40 pages, are we currently on, or off?
Someone save me reading 40 pages, are we currently on, or off?
I'm not trying to be funny I apologised as you didn't like what I posted.I know you're trying to be funny here, or at least I think you are, but you haven't offended me. Just bored seeing names for him thrown about everywhere.
I want change as much as anyone. But just dont think there's any need for the names. ?
Well, several people probably know but sadly they're not telling us. ?The best summary is - No one knows.
The episode of the Apprentice where team Phoenix have to sign a player for Spurs.Well.
G-SUGR has flown from Lisbon to Luton in the last hour...
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It seems like there is some misperceptions of the details - accounting-wise - when it comes to transfers.
There are two issues that businesses have to worry about - accounting profits and cash flow. Those two items are loosely connected, but not equivalent. I am going to layout a simplified scenario.
For example - let's take Player X - who we bought 4 years ago, for £50M, and signed to a 5-year contract. In the terms of the purchase - we agreed to make 3 installments of £16.6M/year.
Today - we sell Player X for £30M, and agree to accept 3 installments of £10M/year.
From an accounting standpoint, Player X is worth £10M on our books - because we amortized the original £50M over 5 years, the length of his contract. That means we charged £10M/year towards our expenses (as opposed to the entire £50m in year 1). So when we sell him for £30M - we will record £20M in profits - even though we only received £10M in cash. A lot of people look at this as "selling for a loss" - but from an accounting perspective, this is a profitable sale.
So we have £20M in profits, but only £10M in the bank.
At the same time, we agree to buy Player Y for £20M, and agree to pay in 2 installments of £10M/year. Player Y signs a 5 year contract. So, from a cash flow point of view - we are out £10M, but from an accounting standpoint, we will only charge £4M towards our expenses this year.
Combining these two transactions and we would show £16M in profits, but have no money in the bank. So, even though we are profitable - we have a cash flow issue that prevents us from any further transactions.
FFP is primarily only concerned with the accounting aspect - not the cash flow aspect. But, the cash flow aspect can be just as restricting. And, that is what I think is hindering Spurs, and also what makes it difficult to pull off a transfer where the entire fee is expected up front. Hypothetically, if we had £45M in the bank - we could have expected to use that to cover the installments for 3 transfers, but if we used it all on 1 transfer - we could still be profitable, but not able to conduct more business with out an influx of cash - either loan or investment. I think the reason Levy is looking form more investment, and why he persuaded Lewis to inject money last year is that while we are profitable, we may have a cashflow issue which hinders our ability to spend like Chelsea/Arsenal/City/Liverpool/United, etc. despite having record profits. Remember - Profits does not equal cash on hand.
Come on Spurs, I've got 3 client meetings in London tomorrow that my boss is attending with me , I don't want to be distracted Get it over the line!
Someone save me reading 40 pages, are we currently on, or off?
OnffSomeone save me reading 40 pages, are we currently on, or off?
Someone save me reading 40 pages, are we currently on, or off?
I went on to become a US Senator - so I hire people to do all the accounting stuff now...Well, Mr. Blutarsky. I'm glad you got it all figured out and turned that 0.0 GPA into a degree.
I'm assuming that task was to sign Pedro Porro from Sporting Lisbon?Probably some of his apprentice idiots back from a task!
This is bad news..........So I can't use Toulouse Lautrec, Willow, Short-Round, R2D2, Rumpelstilskin, Danny Dinklage, Scrooge McDuck, The Dalai Levy or Shortshanks any more?I know you're trying to be funny here, or at least I think you are, but you haven't offended me. Just bored seeing names for him thrown about everywhere.
I want change as much as anyone. But just dont think there's any need for the names. ?