The Daily ITK Discussion Thread - The ADAM ANT EDITION 12th July 2012

[Original # 10]

Looking forward to your Friday 13th lyrics A&C

I don't for one moment believe we will be paying Ade 150k per week

 

[gazzeh]

Even with investment, you'd have to put a fair few others on wages nearing that for it to not have a negative impact on the dressing room.

Remember that £150k p/w is £7.5m a season, while Luka is on a reported £2.5m... If the club still want the little Croatian at the club then offering wages like that would be the first thing to try. I don't buy it.

Again, as we do not know the logistics of it all, we can only assume somehow we are managing to offer more money.
I did ask JJ a week or so ago if our targets were previously unreachable due to wages, and he said "yes"

All I know is, Bale got offered a LOT more than he was on, Adebayor obviously is being offered a lot of money as he donated a certain percentage of his Salary to his home country. Modric is somewhat more reluctant to come out and pressure us for a move, hence AVB's interview yesterday. When asked does it look like he's going, AVB replied with, "no, not really"

 

[greaves]

Really hope that we aren't paying ade that sort of cash. Stupid breaking the wage structure for a mercenary who isn't our best player.

Think of it as a way of supporting Togo. He said with smug humility....

 

[robin09]

Ade gives alot of his money to his charity work in Africa doesn't he? He's also said how important it is to him to earn the most money he can, to continue to fund those projects.

What id Levy had arranged £100k p/w salary, and the equivalent of 30-50k p/w to be donated by the Club to one of his charities? Tax free, and also a legitimate way of explaining to the other players that he hasn't gone over the £100k barrier. As well as fulfilling the Club's charitable requirements.

This is probably not how it's been structured, but bare in mind Levy will be very unlikely to drop £150k p/w without all sorts of caveats. Another example is, it could be a higher wage in lieu of a signing on fee and low transfer fee.

 

[rawhide]

A highway robbery themed ITK thread with ITK of wages of £150k per week!?

Outstanding clairvoyance A&C!

 

[LikeABoas]

If I am honest I really can't see the 150k chat being true.

 

[Locotoro]

Re Adebayor: Knowing what we know about Levy he has probably structured a deal so that the Club is saving money and its not an outright 150k a week (which I doubt it is anyway). He probably put in lots of apperance/performance bonuses and he's probably also struck a deal to pay Ade's charitable donations directly from the club for the duration of his contract (thus making tax savings too)

It's more likely to be 90k plus 10k appearance bonus and 50k a week to Ade's charity.

 

[Sum Monsterism]

I don't understand why so many people are suggesting Levy / the club would sanction tax evading payments, regardless of who / what charitable organisations might benefit... I am aware of the rules, am aware it can be done - to a point - but fail to believe that the chairman who has steered us so well for so long would leave himself open to getting done by the authorities. which is what would happen eventually. rangers anyone?

jeeeebs. If it's really £150k per week, It's gonna be the EQUIVALENT of £150k per week after a lump sum and bonuses for sticking around. You're all nuts to think otherwise. You're all nuts anyway.

 

[Real_madyidd]

More likely to be a lower wage than that but a lump sum up front to compensate - which DL will have shaved off the asking price from City

Problem being that Ade has constistantly only performed when playing for a contract. Pay upfront and watch his form slide.

Also, City only wanted 7 Mill for him apparently, so not much will be shaved off (also by that logic if they wanted 30Million and were then we could spent the saving/ That is womans logic at the sales, not business logic).

 

[Bus-Conductor]

FAO: Lifeof...

In answer to this post you made yesterday:

I'm sorry I just don't understand why most think this is impossible(last 2-3days) Remembering that, pinch of salt are needed for ITK, expecting the itk to get all of the info 100% correct is a stretch, I mean if you just at the word equivalent to 150k PW. We all know signing on fees exists, So why can't the pack be signing on fee and wages? I don't think any of you think Levy wouldn't pay around 20mill plus 70k wages, for the "right striker" which equals a total commitment of 31 mil approx. SO why wouldn't we pay Man C 5 mil, and Abe a 10mill signing on fee(spread over 3 years) and 70k pw? (equals equivalent about 145kpw.). I agree that a stumbling block may well be age (ROCE) but i think after 2 years we would get 7-10mil for him.

I think the easiest way to think about it is..Is Abe worth a price tag of 15mill? (wage of around 70kpw) Because that is what it is going to cost us, Its just expressed differently.

for my 2 pence worth, he is worth that, Equally there may be potential better options out there with the same total cost, ones that may also offer a better potential ROCE.

Even if we sell him after two years for 10m we will be taking a loss of 11m. What if he gets injured and we can't sell him (quite likely the older players get). Or he has two relatively poor seasons and no-one will pay more than 7m. Our best case is a 14m loss for two years.

The easiest way may be to think "is Adebayor worth 15m", but it isn't the correct way (or way Levy can or does think). The correct way for a club in our position (15m represents 2-3 years total company profits some years) is to think does this deal make financial sense re risk/reward potential.

Buying a 23-25yo with a similar outlay sometimes does. Buying a 28yo doesn't. Unless something has changed.

 

[Kendall]

I can't see it being OK for us to have an agreement whereby we pay to a charity in lieu of salary.

 

[steveb]

I understand that Ade, is not earning 150k pw and hopefully should be announced in the next 48 hours.

Two things really stand out so far, in that we have obvioulsy learned our lessons from last season, that leaving transfers late will cost you points, and this you can ill afford when trying to mix in with the top 4. And secondly whilst we complained about a poor Jan window, it seems obvioulsy the club were not going to back Harry, when their was so much up in the air at that time.

Now we are moving forwards, new management that the club has faith in and are backing this up with early transfers

 

[monkeynick]

I understand that Ade, is not earning 150k pw and hopefully should be announced in the next

 

[monkeynick]

Is this ITK or just what you've gleaned on here?

 

[steveb]

its John Motson!!!!

 

[JerryGarcia]

I can't see Levy paying £150k but Adebayor might be the best striker we can attract at the moment and he's already settled at the club. It makes sense to sign him on high wages, just not that high.

 

[Ionman34]

Thrilling installment?

 

[Insomnia]

Morning all....new shirts day is here. The gateway to official unveiling of new players!

Have to say I disagree with the latest bit of ITK, DL would fight for the last penny even if he suddenly got the keys to Joe Lewis' bank vault of cash......people with money tend to be like that.

Hoping for investment though

I saw Daniel Levy cleaning the windows once. When he pulled his shammy out a £2 coin fell out of his pocket, as he climbed down the ladder to get it, it hit him on the head.

 

[Spurs1960]

Not a chance of us paying huge wages, nobody is going to pump money into something they haven't bought yet so the idiot taking wild guesses on the radio should keep his trap shut. £120,000 plus a signing bonus i can believe, more, no.

 

[jonnyp]

FAO: Lifeof...

In answer to this post you made yesterday:

I'm sorry I just don't understand why most think this is impossible(last 2-3days) Remembering that, pinch of salt are needed for ITK, expecting the itk to get all of the info 100% correct is a stretch, I mean if you just at the word equivalent to 150k PW. We all know signing on fees exists, So why can't the pack be signing on fee and wages? I don't think any of you think Levy wouldn't pay around 20mill plus 70k wages, for the "right striker" which equals a total commitment of 31 mil approx. SO why wouldn't we pay Man C 5 mil, and Abe a 10mill signing on fee(spread over 3 years) and 70k pw? (equals equivalent about 145kpw.). I agree that a stumbling block may well be age (ROCE) but i think after 2 years we would get 7-10mil for him.

I think the easiest way to think about it is..Is Abe worth a price tag of 15mill? (wage of around 70kpw) Because that is what it is going to cost us, Its just expressed differently.

for my 2 pence worth, he is worth that, Equally there may be potential better options out there with the same total cost, ones that may also offer a better potential ROCE.

Even if we sell him after two years for 10m we will be taking a loss of 11m. What if he gets injured and we can't sell him (quite likely the older players get). Or he has two relatively poor seasons and no-one will pay more than 7m. Our best case is a 14m loss for two years.

The easiest way may be to think "is Adebayor worth 15m", but it isn't the correct way (or way Levy can or does think). The correct way for a club in our position (15m represents 2-3 years total company profits some years) is to think does this deal make financial sense re risk/reward potential.

Buying a 23-25yo with a similar outlay sometimes does. Buying a 28yo doesn't. Unless something has changed.

You have a point, but if Ade is the difference between us getting CL and not next season it doesn't really matter IMO if we might make a loss on him individually as a player later on. We need to take some risk and Ade has proven himself last season that we actually depend on a player of his calibre. If not Ade, then who can we realistically afford and able to persuade to come here who can do as good or a beter job than he? It's a bigger risk not signing him.