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The Daily ITK Discussion Thread - 25th July

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Spursidol

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Sep 15, 2007
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What happened about the massive 'investment' that all the ITKs were spouting about 3 weeks ago?

I doubt if any investment coming into Spurs has anything to do with paying the costs of players transfer fees or their wages - the only investment I am expecting is a stadium naming rights deal (and backing other finance) to fund the building of the stadium. I fear that any whispers of investment have been jumped on by some to help justify their aspirations to sign the likes of Falcao (whose wages and trabsfer fee could never be funded out of Spurs gross revenues)
 

tony_parkes

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Jun 21, 2008
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Nish added:

To be fair to them, they WERE not causing trouble nor were they even remotely rowdy. They weren't that much more than tipsy so I apologize if I over played how aggressively they were going after it. Honestly it was a calm affair and it just looked like some guys who'd been in a match and were unwinding after. None of them were acting unprofessionally at all. But the girls were cute. Think one of them was called Leilani (and a page 3 model).

Stay away from that page 3 bird. I was shagging her for a bit, she's got an unruly bush, grew 40 foot, obscured my neighbours light, drained their garden of all mositure and got me into a dispute with the council.
 

Spursidol

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Sep 15, 2007
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Who: akqayid
Where: Twitter
When:25/7/12

"So trying to state some Facts re Ade Deal... He wants City to cover his drop in wages. NOT for himself but his charity. Somewhere in the region of £50k a week seems to be the issue and he wants city to donate that weekly to his charity. Not him. He's taking a massive drop to agree to join. He wants to join. We want him to join. It's city and the charity stuff supposedly stalling it. But chill. We'll have him"

-Atleast somewhat noble reason if this is whats holding it up i guesso_O

Ade is paid circa £175k per week or £9m pa by ManCity. Prior to the FPP rules owners such as those of Man City, PSG, Chelsea etc could afford to pay those size wages - those size wages cannot be afforded by any club out of their football revenues.

That makes Ade almost unsaleable, and using that Levy has negotiated a low Transfer fee and wages (maybe £100k/120k pw possibly with a sizeable sign on fee - probably similar to the wages he forgoes for the rest of his 2 year Man City contract).

IMO Ade is now going back to Man City and asking them to pay for his forgone wages - but putting it as them paying for his charity donations (it sounds much better) - nothing more and nothing less. His negotiating position with Man City is very simple - if he does not leave they need to pay £9m pa or £18m in total over 2 years. That is why Man City may pay something - if its £50k pw or £2.5m pa it may seem a lot less to Man city than paying £9m pa.

Its clealy possible that those negotiations betwen Ade and Man Coty may go on for some time (think Vertonghen(
 

sbrustad

SC Supporter
Jan 27, 2011
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Ade is paid circa £175k per week or £9m pa by ManCity. Prior to the FPP rules owners such as those of Man City, PSG, Chelsea etc could afford to pay those size wages - those size wages cannot be afforded by any club out of their football revenues.
..
That makes Ade almost unsaleable, and using that Levy has negotiated a low Transfer fee and wages (maybe £100k/120k pw possibly with a sizeable sign on fee - probably similar to the wages he forgoes for the rest of his 2 year Man City contract).

In addition to that they get the amortization. Since they payed 25 million for him, and he has a 5 year contract, that comes to about £5 million per year. If they can get rid of him they lower that number as well.

Having said that I'm not entirely sure City would be interested in paying £50K/week to a charity in order to get rid of him. I guess we'll see eventually. I just hope that no other club comes and hijacks the deal from under our noses.
 

Spursidol

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Sep 15, 2007
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In addition to that they get the amortization. Since they payed 25 million for him, and he has a 5 year contract, that comes to about £5 million per year. If they can get rid of him they lower that number as well.

Having said that I'm not entirely sure City would be interested in paying £50K/week to a charity in order to get rid of him. I guess we'll see eventually. I just hope that no other club comes and hijacks the deal from under our noses.

Only if they get more than £10m (to cover the last 3 years of his contract) and that is nit goiung to happen, so they are stuck with the decisions they made when they signed him.

Re the £50k, he is clearly asking - up to Man City if they give way but think they will fear being stuck with him so will not play hardball. But that's their decision.

I would prefer if Spurs could wrap up the transaction - but its mainly in Ade/ManCity hands I suspect
 

Spursidol

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Sep 15, 2007
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Ramirez would be a blinding signing.

But at what price ? Especially if we want 2 strikers ? If we sell Modric we may be able to buy a replacement for say £5m-£10m less than we get for him, don't think we will get much from other sales (and forget any new investent in Spurs for players)
 

greaves

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Dec 6, 2006
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In addition to that they get the amortization. Since they payed 25 million for him, and he has a 5 year contract, that comes to about £5 million per year. If they can get rid of him they lower that number as well.

Having said that I'm not entirely sure City would be interested in paying £50K/week to a charity in order to get rid of him. I guess we'll see eventually. I just hope that no other club comes and hijacks the deal from under our noses.
Using words of one syllable or less, please explain to me in idiot language the meaning of amortisation. I have always wondered and nvever been sure, it does sound like death but can't be all bad? Ta.
 

Spursidol

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Sep 15, 2007
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Using words of one syllable or less, please explain to me in idiot language the meaning of amortisation. I have always wondered and nvever been sure, it does sound like death but can't be all bad? Ta.

All the costs paid by the buying club (transfer fee plus agents costs etc) divided by the no of years of the contract to get to an annual amortisatiion cost (very similar to depreciation in accountant speak)

Remember the old Monty Python sketch about the accountant wanting to be a lion tamer - so it could be like death !
 

spud

Well-Known Member
Sep 2, 2003
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Using words of one syllable or less, please explain to me in idiot language the meaning of amortisation. I have always wondered and nvever been sure, it does sound like death but can't be all bad? Ta.
Writing down.

So a 10m transfer fee amortised over four years means 2.5m per year being written off in the books.

EDIT. Bugger. That's the second time today somebody has beaten me to a post. I think it was Spursidol earlier too. (If it was, I'm not stalking you. Honest.)
 

Spurger King

can't smile without glue
Jul 22, 2008
43,881
95,147
Using words of one syllable or less, please explain to me in idiot language the meaning of amortisation. I have always wondered and nvever been sure, it does sound like death but can't be all bad? Ta.

Depreciawinning? You have to say it quickly so it comes out as dnnng.
 

Misfit

President of The Niles Crane Fanclub
May 7, 2006
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But at what price ? Especially if we want 2 strikers ? If we sell Modric we may be able to buy a replacement for say £5m-£10m less than we get for him, don't think we will get much from other sales (and forget any new investent in Spurs for players)
If we bag Ade, I'm not sure we go after Leandro. Would there be any legs to the Rondon link. If we managed to get Ade and Rondon in for £15mish, that would be good business. If they seriously want €25m for Ramirez, then I doubt he moves tbh. You're correct that at that price, it too much. Knock €8m-€10m off that and it's a more reasonable price.

I dunno. The club seem to have gone cold on Remy. I've no doubt they have signings in mind though and only one or two might be under-the-radar promising youngsters. They'll have to spend big (by our standards) money on at least one player to bring a real injection of quality in the here and now. Whether it's on a striker not named Ade, a wide forward or a new face for the CM.
 

Spurger King

can't smile without glue
Jul 22, 2008
43,881
95,147
If we bag Ade, I'm not sure we go after Leandro. Would there be any legs to the Rondon link. If we managed to get Ade and Rondon in for £15mish, that would be good business. If they seriously want €25m for Ramirez, then I doubt he moves tbh. You're correct that at that price, it too much. Knock €8m-€10m off that and it's a more reasonable price.

I dunno. The club seem to have gone cold on Remy. I've no doubt they have signings in mind though and only one or two might be under-the-radar promising youngsters. They'll have to spend big (by our standards) money on at least one player to bring a real injection of quality in the here and now. Whether it's on a striker not named Ade, a wide forward or a new face for the CM.

I've been thinking about this for all of two seconds and I've come to the conclusion that Levy MUST be planning on backing AVB in the market. Why? Well I'll tell you for why...

AVB's rep is a bit up in the air right now. A young manager that worked wonders at Porto (yes..I know Porto have a big advantage over most clubs in their league, but that doesn't deflect from the brilliant job he did there), and was highly rated by Mourinho. I honestly think he could have been a success at Chavski if they weren't a club populated by scum pretending to be humans.

So...AVB got sacked for having the courage to stick to his own views rather than have them influenced by racist, cheating, adulterous, balding, ugly, fuckwit scum-buckets.

My point? AVB's rep is on the line here. Personally I reckon that if he's not provided with the players he wants, and/or the financial backing he was promised, sooner or later he'll walk.
 

spud

Well-Known Member
Sep 2, 2003
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So...AVB got sacked for having the courage to stick to his own views rather than have them influenced by racist, cheating, adulterous, balding, ugly, fuckwit scum-buckets.
I just gave your post a 'like' purely on the strength of this one magnificent sentence.

Bravo!

EDIT. I like it so much that, if you don't mind, I'm going to immediately add it to my signature.
 
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