The Daily ITK Discussion Thread Aug 16 2012 - THE SMALL KNIGHT RISES

[TottenhamLegend]

Here's a comment from someone on FTL. I'm not knowledgable enough to reply to them so was hoping you might address it.

I have no idea about the LOC, but perhaps it's simply for a different deal? What's to say the LOC is for the same transfer as this transaction??

Re. euros in. If we're trading pounds for euros to buy from a European team (i.e. to suit the selling team's currency), would Real Madrid not be changing up euros to pounds, again, to suit the selling team's currency.

Just thoughts.

 

[Hoopspur]

Deleted.

 

[Clamour_Kid]

Here's a comment from someone on FTL. I'm not knowledgable enough to reply to them so was hoping you might address it.

They could well be 2 different transfers? But also LOC is for the whole amount. Cash is for the upfront part.

€30m up front + LOC for Hulk & Moutinho

 

[Olympian]

Understandable, if we were to know the upfront fee it would of given a clear indication of who it is but at the moment it would be Moutinho(though I would expect this to be more of case of several payments unless we agreed a cut price deal for money now) and Llorente(last year of contract and athletic wont want it in payments imo)

I can see the Leandro deal being a structured deal imo

And in US$ probably?

 

[Breezer]

They could well be 2 different transfers? But also LOC is for the whole amount. Cash is for the upfront part.

€30m up front + LOC for Hulk & Moutinho

I like that! Lets go with this!!!

 

[fatpiranha]

Sorry to be slow but what does LOC stand for?

 

[Indisguise]

Sorry to be slow but what does LOC stand for?

Loads Of Cash...

 

[tRiKS]

To be fair to me, I waited 111 posts before biting.

This is a complete and utter myth. The reason Hudd has the worst ball retention figures of all our cm's is precisely because he often gives the ball away whilst attempting his long diagonal passes. Secondly, we have plenty of players who are capable and do hit the flanks, Modric does (did) it, Ekotto does it, VDV does it, Jenas does it (I even pointed a couple of these passes out in the recent tour games just to prove the point about how no-one acknowledges it unless it's Hudd doing it), and even fucking Dawson does it.
Thirdly, we play best when we play slick, fast, pass and move football. The long raking diagonal is over valued. It looks lovely (when it comes off) but it's efficacy, even when successful is over hyped.

Hudd has ability, but the best thing we could do is raise good money for a player who for all his nice passing technique, offers much less in real terms than most believe.

Fundamentally NO BC. He plays higher risk ball more than most so his completion stats are down, that is a fact obviously. Modric has gone so wasnt including him but the rest have a good ball they play long off one foot. Huddlstone doesn't worry which side, doesn't set himself and can hit the same range with the outsdoe of his foot. He's certainly unique in the squad for the varity of ball and where he can play them from.

Can't aggree that BAE, Walker, Bale, JJ, Daswon's abilty to switch the play is a worthy comparison either. Huddlestone can and is incliend to try to play a final ball from range, not a build up one and yes agree VDV does and can but thats where the "deep lying" element comes into the hypothesis.

Thudd IS unique in the squad in skill-set and application.

If he offers much less than some perceive, he offers much more than you perceive. I guess the truth lies between AKA me

 

[Stoof]

"All sounds contradictory, why an LOC if we are paying cash, why convert sterling to Euro if we are getting euros in, sounds BS"

Done separately, cover the risk, certainty.

We don't know how Real are paying - probably safe to assume it's in instalments (as per my thread example). The LOC may be the guarantee that the selling club requests. The same way that your Landlord may ask you to have a guarantor when you sign your lease.

Who said anything about cash?

 

[Clamour_Kid]

Sorry to be slow but what does LOC stand for?

Love Our Community

 

[Parkie]

Sorry to be slow but what does LOC stand for?

Letter of credit - a secure way to guarantee funds when dealing overseas.

 

[fatpiranha]

Loads of cash...

thanks

 

[Clamour_Kid]

"All sounds contradictory, why an LOC if we are paying cash, why convert sterling to Euro if we are getting euros in, sounds BS"

Done separately, cover the risk, certainty.

We don't know how Real are paying - probably safe to assume it's in instalments (as per my thread example). The LOC may be the guarantee that the selling club requests. The same way that your Landlord may ask you to have a guarantor when you sign your lease.

Who said anything about cash?

Confused now. So you can convert LOCs from one currency to another?

Ok it may not be physical cash, but, money in account is different to an LOC. I think that is what he means?

 

[faulks]

They could well be 2 different transfers? But also LOC is for the whole amount. Cash is for the upfront part.

€30m up front + LOC for Hulk & Moutinho

You got to tell me where you buy your drugs!

 

[Mr Pink]

"All sounds contradictory, why an LOC if we are paying cash, why convert sterling to Euro if we are getting euros in, sounds BS"

Done separately, cover the risk, certainty.

We don't know how Real are paying - probably safe to assume it's in instalments (as per my thread example). The LOC may be the guarantee that the selling club requests. The same way that your Landlord may ask you to have a guarantor when you sign your lease.

Who said anything about cash?

The new finance ITK guy just said we have converted a large sum of GBP to Euros...

 

[Bus-Conductor]

The LOC is the (Spurs) bank guaranteeing the club/company are good for - the whole deal value - money. The receiving club will still want their up front payment in their own currency, which the club may or may not be paying with on hand funds - either way the bank will need to know how much to convert to make the - up front - transaction, regardless of whether this is coming directly from a designated spurs account or not - ultimately spurs will be liable to pay it.

 

[punky]

If we were buying Leandro, would there be any benefit for Inter to receive their payment in euros?

Maybe they are buying someone from Europe?

 

[Stoof]

The new finance ITK guy just said we have converted a large sum of GBP to Euros...

Was the word cash used?

 

[Disco32]

thanks

It's actually letter of credit

 

[Clamour_Kid]

Was the word cash used?

He's right Mr. Pink. We forget Levy pays for his transfers with Travellers Cheques.