The Daily ITK Discussion Thread - 26th July 2013

[Klinsmannesque]

If that's the case the board should have got rid of him a long time ago, to employ a manager you can't trust is silly.

He was always a stop gap to steady the ship. Dont get me wrong, I appreciate what he did in his time here and the football we played but just looking at his history he was never a manager that you could put complete faith in. If he had his way he would have blown a £50m tranfer budget on 'seasoned pro's as he was always of the opinion we needed 1 or 2 more. I believe we have moved on from that and now have a manager who we can fully back.

Anyways not the thread to go on about Harry, have we signed Soldado yet?

 

[shelfyid]

with the added 30 mill a season we will be getting from the new tv deal paying back 50 mill over ten years should be easy enough.

i have wondered why lewis does not front the money for the ndp to get done. he could lend the money at much more favourable rates than any banks. so he gets a nice earner for himself and the club get the remaining money they need at much lower payback rates. surely it's a win win for everyone.

 

[andyp8080]

Contract Deduction?

not sure I follow

 

[stevenb7]

joe Lewis will probably just do what abramovich did and turn the loan into equity shares and so effectively write it off when the time comes

I think this is right, or the loan basically gives Lewis the option to cancel it later should he choose, effectively cancelling the debt, or get the money back between now and 10 years. It's a flexible way of doing things, as terms can be changed but he is higher up the capital structure should he want the money back

 

[kr1978]

Lewis owns ENIC who own THFC........he is loaning the money to his own company

And this is fairly standard stuff for company directors for investing in their own companies. You just make a directors loan to the company and can then pay it back as you deem best for the company. He would put the 10 year term to give himself some security over the loan and also enic and spurs are businesses whether we like it or not, you can't just gift money to a company without significant tax implications.

This is exactly how abromovich used to put money into Chelsea.

 

[mil1lion]

Fucking official site confirming the transfer of Chadli getting me all excited for a brief moment

So hopefully that £50m we have is on top of what we paid for Paulinho. If we're to keep up with the top of the pack then we're going to need a few more signings like that. Soldado, Bernard and Coentrao would do nicely. That and a new contract for Bale. Not that I ask for much of course.

 

[allatsea]

I think this is right, or the loan basically gives Lewis the option to cancel it later should he choose, effectively cancelling the debt, or get the money back between now and 10 years. It's a flexible way of doing things, as terms can be changed but he is higher up the capital structure should he want the money back

and if the club is sold he gets paid back

 

[dagraham]

I dubious about the info but either way it has surfaced that Joe Lewis didn't see eye-to-eye with Reknapp so i'm sure that had a bearing on things.

I have always had the impression that Levy and the board were willing to book a manager who they felt was looking long term - as they did with Ramos. Redknapp was always looked short term and I don't that sat too well with the boards long term outlook.

Yeah, good points and you may be right. I still think Harry should have been backed a bit more though in that period though when we were flying high and Arseanl were there for the taking. After all, it was only due to Levy and Commoli's cock up with Ramos that he was needed to clear up the mess in the first place. Now its as if we have to spend just to keep up. Anyway, that's a debate for another time.

I don't think we can juge whether Lewis has finally taken more of an interest until the window shuts and we can compare our spending to others as i'm sure alot of it is linked to TV money anyway.

 

[TottenhamMattSpur]

Now Talkshite are saying Bales new deal is effectively a one year as he moves to Madrid

I fucking can't stand those pricks with the crap they put out there.

How would then even know details of a contract that has been done yet. Twats

RANT OVER!

It basically is though so I don't understand the ranting.
It's nothing but a pay rise. Professional footballers have set length contracts though unlike us normals.
So if an amendment is made a whole new contract is awarded. So he has 3 years left of his current 100k a week contact which is replaced with a new 4 year 150k a week contract.
All we've really done is ensured he stays for another year. Next year he'll either be offered another better contact or be sold.

 

[Mullers]

He was always a stop gap to steady the ship. Dont get me wrong, I appreciate what he did in his time here and the football we played but just looking at his history he was never a manager that you could put complete faith in. If he had his way he would have blown a £50m tranfer budget on 'seasoned pro's as he was always of the opinion we needed 1 or 2 more. I believe we have moved on from that and now have a manager who we can fully back.

Anyways not the thread to go on about Harry, have we signed Soldado yet?

Nope but with that 50 million loan we should.
I'm just wondering without this 50 million pound loan how much money would we have had to spend on players?

 

[xtrac]

If this ifo about Lewis getting the cheque book out is true (and I have my doubts) I have to ask why the message didn't sink in earlier? Where was this financial comittment when we qualified for the champions league previously? Or in the last two jan. windows? The best time to invest is when you are already in a position of strength.

Been banging that drum, since we was in the CL and the Arse and Shitty were not exactly at there strongest, i kinda dont say too much on here tho as the DL lovers linch ya

 

[Mouse!]

If this ifo about Lewis getting the cheque book out is true (and I have my doubts) I have to ask why the message didn't sink in earlier? Where was this financial comittment when we qualified for the champions league previously? Or in the last two jan. windows? The best time to invest is when you are already in a position of strength.

Lessons have been learnt.

 

[kr1978]

It basically is though so I don't understand the ranting.
It's nothing but a pay rise. Professional footballers have set length contracts though unlike us normals.
So if an amendment is made a whole new contract is awarded. So he has 3 years left of his current 100k a week contact which is replaced with a new 4 year 150k a week contract.
All we've really done is ensured he stays for another year. Next year he'll either be offered another better contact or be sold.

It also protects his value a bit- a player with 3 years left on a contract is worth more than one with 2

 

[voxy28]

Agreed. Would you trust Redknapp with your money? He wanted Phil neville FFS.

That is the difference when you hire AVB.... he brings with him scout reports from Porto and Chelsea, players assembled all over the world to form a formidable team.

Paulhino, Holtby, Chadli..... the club is going the right direction. Time for the re-investment.

 

[Misfit]

All we need now is a "stadium biz soon be sorted!11!eleven!!!one" post and the two banker bits of ITK of the last decade will be complete for this window.

If nothing else, we're basically out of time for JL to start making it rain if he wanted to with the FFP almost upon us. So let's just stay calm about massive investment etc. If that was going to happen, the previous 12 yrs was the right time for it. Nice to be able to have a little bit more wiggle room obviously so if this £50m loan is happening, it's not bad news.

 

[Gedson100]

I think it's feasible that Lewis could have stumped up some cash. The addition of Baldini and the stability of Villas Boas has created a new scenario for us. No point doing this then not backing it. Throw in additional TV income and the potential to maintain or increase our position within the league and you have a perfect time to invest.

Even if the £50m is to be repaid, it's a comparatively small amount per season when pegged against the possible financial benefits of greater success. All the while our on pitch assets are solid and increasing & we're maintaining competitiveness with the money teams rather than falling back into the pack with the Liverplols and Evertons.

In short £5m a year is a gamble worth taking, and we appear to be committed to spending this summer.

 

[Klinsmannesque]

Nope but with that 50 million loan we should.
I'm just wondering without this 50 million pound loan how much money would we have had to spend on players?

Whatever Levy would be willing to put towards the coffers from the Bale sale because without this loan I very much doubt we would have the money to match his ambition. I have a feeling Bales form last year went a long way to convincing Lewis / Levy we need to invest either now or never.

 

[Roynie]

Also mentions further down the blog the possibility of Napoli being interested in buying Soldado (heaven forfend!) with the Cavani money which if that happened would be a disaster. Letsgetthedealdonenowlevy.

At least, according to Cobra's info in the RO, we have a first refusal agreement in place that may expire if he trains on Saturday. So we have another day or so to tie it up without the risk of being gazumped.

#getitdonenowlevy

 

[andyp8080]

It basically is though so I don't understand the ranting.
It's nothing but a pay rise. Professional footballers have set length contracts though unlike us normals.
So if an amendment is made a whole new contract is awarded. So he has 3 years left of his current 100k a week contact which is replaced with a new 4 year 150k a week contract.
All we've really done is ensured he stays for another year. Next year he'll either be offered another better contact or be sold.

pretty confident that neither talksport or your good self will have seen the details of any contract, so its hard to discuss in details what the finer points are. Yes in a years time we might be where we are now, and there might be a release clause............I don't know and I am as sure as hell talksport don't.

There main story was that its a one year deal allowing Bale to move to Madrid next summer..............as though its all agreed

My anger is their ability to make stuff up or twist the details to sensationalise the news. We moan at Marca but our press is almost as bad

 

[arnoldlayne]

From Atlanta Yid on COYS
(please don't shoot me if already posted A&C! I've checked and can't see it on this thread!)
Posted Today, 01:15 PM
I was reassured by my friend LAST NIGHT that he had spoken to Daniel Levy personally about the Bale situation and from the horse's mouth "he is not leaving the season"