bentley, modric, bent- 50 million right there
10m+ plus each to brinng robbie and defoe back
11m for crouch, thereabouts for corluka, woodgate, 14m pav
we dont get too many bargains. vdv, bale, lennon, thudd. dont make us arsenal. but most of the time we sell high, it's a useful rep for levy to have given us.
― cant believe you sb'd me for that (darraghmac), Thursday, 21 October 2010 17:20 (thirteen years ago) link
you spent 11m on woodgate? lols.
― O holy ruler of ILF (a hoy hoy), Thursday, 21 October 2010 20:16 (thirteen years ago) link
Also, RIP Pompey?
― James Mitchell, Friday, 22 October 2010 18:09 (thirteen years ago) link
http://news.bbcimg.co.uk/media/images/49625000/jpg/_49625888_frattonpark466.jpg
Nice photo. Don't see it now myself - did at the time, but the point of greatest danger was months ago, and surely liquidation is in nobody's interests now?
― Ismael Klata, Friday, 22 October 2010 18:45 (thirteen years ago) link
Hope it works out.
― Running the Gantelope (Nasty, Brutish & Short), Friday, 22 October 2010 19:16 (thirteen years ago) link
Pompey out of administration and safely sold
― Ismael Klata, Sunday, 24 October 2010 11:12 (thirteen years ago) link
http://www.fcbusiness.co.uk/news/article/newsitem=724/title=footballers+using+tax+loophole+to+save+millions
pity dave b doesn't post anymore else we could have a football coops/communities thread
― cozen, Thursday, 28 October 2010 14:01 (thirteen years ago) link
I'm sure he could be persuaded to make a special appearance for that thread.
― Matt DC, Thursday, 28 October 2010 15:34 (thirteen years ago) link
http://www.guardian.co.uk/football/2010/nov/03/jeremy-hunt-premier-league-debt-rules
― Running the Gantelope (Nasty, Brutish & Short), Wednesday, 3 November 2010 22:17 (thirteen years ago) link
http://www.bloomberg.com/news/2010-11-15/manchester-united-to-pay-off-353-million-of-soccer-team-s-corporate-debt.html
The PIKs are reportedly about to be paid off, which suggests either another refinancing job or possibly a stake in the club sold to a third party.
― Porpoises Rescue Dick Van Dyke (Nasty, Brutish & Short), Monday, 15 November 2010 22:48 (thirteen years ago) link
Refinancing at a better rate I'd guess - the last refinancing was at about the worst possible time iirc, getting finance is a lot easier now aiui
― Ismael Klata, Monday, 15 November 2010 23:19 (thirteen years ago) link
rumours that 150-200m to come out of club funds just scaremongering?
― cant believe you sb'd me for that (darraghmac), Tuesday, 16 November 2010 01:05 (thirteen years ago) link
The club still has funds? Or enough players to make that much in the Market?
― hoy orbison (a hoy hoy), Tuesday, 16 November 2010 08:15 (thirteen years ago) link
As I understand it, they aren't taking the money out of the club's bank account, which (as I said) points to another refinancing (i.e. borrowing new money to pay off these debts) or perhaps some kind of partial sale.
― Porpoises Rescue Dick Van Dyke (Nasty, Brutish & Short), Tuesday, 16 November 2010 09:07 (thirteen years ago) link
I suspect it's a refinancing, so a lot depends on the interest rate on that new debt, but getting the PIK's off the books can only be a good thing surely?
― Matt DC, Tuesday, 16 November 2010 10:11 (thirteen years ago) link
(Very busy at work so can't write much)
If we accept that the PIK debt was the club's responsibility then refinancing it to avoid the savage >16% interest rates is a good thing. But Gill has repeatedly sworn blind that the PIKs are nothing to do with the club and are solely the Glazers' responsibility (though virtually no one believes him). If this is the result of a refinancing and the end result is that the PIK debt (albeit no longer in the form of PIKs) *is* saddled onto the club, that is a bad thing and reveals the lie.
― Porpoises Rescue Dick Van Dyke (Nasty, Brutish & Short), Tuesday, 16 November 2010 10:23 (thirteen years ago) link
best case is this comes out of club, and is returned promptly when new financing is sourced at a lower rate
― cant believe you sb'd me for that (darraghmac), Tuesday, 16 November 2010 11:14 (thirteen years ago) link
It can't *all* come out of the club, because the club doesn't have that much cash
― Porpoises Rescue Dick Van Dyke (Nasty, Brutish & Short), Tuesday, 16 November 2010 11:24 (thirteen years ago) link
ah, misread you above, was wonderin tbh
― cant believe you sb'd me for that (darraghmac), Tuesday, 16 November 2010 11:29 (thirteen years ago) link
Why Bolton have so much debt - terrific, straightforward article envisaging tough times for trotter
― Ismael Klata, Thursday, 25 November 2010 11:50 (thirteen years ago) link
1. they have gone backwards to the tune of 3.7m in gate receipts within five years? because people miss allardyce's total football compared to what they see now?
2. 20+m a year on "other expenses"?
3. how about you stop complaining about high wages and just fucking pay within your limits?
4. i'm surprised that a team like bolton hasn't gone to the big 10 european clubs and said 'hi guys want a feeder club at the highest level' yet. think about bolton - have had dealings with real before, need quality players, could have given guys like granero and mata essential playing time early in their career in a top level league.
― wheezy f baby (a hoy hoy), Thursday, 25 November 2010 12:07 (thirteen years ago) link
http://swissramble.blogspot.com/2010/11/milans-age-of-austerity.html?utm_source=BP_recent is also fascinating; it seems selling kaka etc. didn't even put a dent in their losses
― wheezy f baby (a hoy hoy), Thursday, 25 November 2010 12:33 (thirteen years ago) link
juve+ac+inter+roma still make less in gate receipts than arsenal
― wheezy f baby (a hoy hoy), Thursday, 25 November 2010 12:35 (thirteen years ago) link
Will read. I tackled the Ajax one at lunchtime. The inescapable conclusion of that and all sorts of other stuff I've been pondering, is that club football all over Europe is going to be dead within the decade outside the top five leagues, and maybe only Russia and Turkey have a chance of avoiding that fate.
― Ismael Klata, Thursday, 25 November 2010 13:23 (thirteen years ago) link
I dunno I just think clubs need to wake tf up and learn to run themselves properly.
― wheezy f baby (a hoy hoy), Thursday, 25 November 2010 13:42 (thirteen years ago) link
...and learn to run themselves properly so that they can they fall prey to hostile takeovers
― Porpoises Rescue Dick Van Dyke (Nasty, Brutish & Short), Thursday, 25 November 2010 14:54 (thirteen years ago) link
Clubs pay £67m to Agents. I presume there are a couple of super-agents raking in £66m, and all the others share the rest between them for telling their pet feckless idiot what car to buy.
― Ismael Klata, Tuesday, 30 November 2010 20:33 (thirteen years ago) link
Liverpool - £9,032,528.49
good job all involved
― Volksparkstadion, Tuesday, 30 November 2010 23:24 (thirteen years ago) link
apropos of hughton's sackinghttp://transferpriceindex.com/sample-chapter/
― ed smanger (cozen), Monday, 6 December 2010 15:10 (thirteen years ago) link
lol just posted that in the other thread.
― The referee was perfect (Chris), Monday, 6 December 2010 15:12 (thirteen years ago) link
ha "When that approach ‘inevitably’ failed (and I say inevitably purely because it’s Newcastle)..."
― caek, Monday, 6 December 2010 15:16 (thirteen years ago) link
http://www.guardian.co.uk/world/2010/dec/06/wikileaks-burma-manchester-united-takeover
― Porpoises Rescue Dick Van Dyke (Nasty, Brutish & Short), Monday, 6 December 2010 15:25 (thirteen years ago) link
http://www.guardian.co.uk/football/2011/jan/11/uefa-footballpolitics
It will be interesting to see how on earth City comply with this, given that their wage bill is actually higher than their entire turnover.
― Sepp Blatter quipped (Nasty, Brutish & Short), Wednesday, 12 January 2011 08:15 (thirteen years ago) link
£300m season ticket for the Sheikh, sorted.
― "jobs" (a hoy hoy), Wednesday, 12 January 2011 10:22 (thirteen years ago) link
something like that, yeah. New jersey bought for everyone in qatar or w/e
― all i gotta do is akh nachivly (darraghmac), Wednesday, 12 January 2011 10:33 (thirteen years ago) link
Hahaha. I was trying to think up some sort of wage-low-turnover-heavy subsidiary for them to open up and skew it that way - Citeh Property Trading and Gold Mines Inc or something - but that's a much better plan.
― Ismael Klata, Wednesday, 12 January 2011 10:39 (thirteen years ago) link
Hmmmmmmm. It's difficult to see how Platini could get round that.
― Sepp Blatter quipped (Nasty, Brutish & Short), Wednesday, 12 January 2011 11:21 (thirteen years ago) link
course it is, football authorities arent any cleverer than internal revenue and 1/3 of britain's 700 biggest companied pay no tax at all (readasundaytimesarticleLAD)
― all i gotta do is akh nachivly (darraghmac), Wednesday, 12 January 2011 11:33 (thirteen years ago) link
I'm not sure Platini minds too much about "benefactors" gifting large sums of cash to fund footballing success. Irritating, perhaps, but not ruinous, and that's money coming into football from outside. I reckon they figure that there simply aren't enough people who are rich enough and mad enough to want to spend half a billion quid on buying some trophies for a football club to warp the competition beyond recognition.
I think they're trying to dissuade people from running up huge debt trying to compete with benefactees: fewer mad spenders will reduce the inflationary pressure on wages and fees.
If that works, of course, it will lower the cash requirements for entry into the benefactor game, but they'd still need to best what the biggest clubs actually earn, so that's still quite a lot of money.
I don't think this will solve all of football's problems but it is a move, and a start. I wish the FA / Premier League / Football League / Conference would do something similar.
― Tim, Wednesday, 12 January 2011 12:05 (thirteen years ago) link
Yes, it's a step in the right direction
― Sepp Blatter quipped (Nasty, Brutish & Short), Wednesday, 12 January 2011 12:14 (thirteen years ago) link
I never knew that it was officially 'break even for the three years before 2013... give or take 30m'
― "jobs" (a hoy hoy), Wednesday, 12 January 2011 12:17 (thirteen years ago) link
According to the Guardian the rules "will also take into account any sponsorship or marketing deals not deemed to be at market rates." So yes, I agree with y'al above that it will be v hard to police that. Still suspect that's the bit the authorities care least about mind.
― Tim, Wednesday, 12 January 2011 13:05 (thirteen years ago) link
anyone see last night's panorama on the notts county fiasco? holy shit.
― joe, Tuesday, 19 April 2011 23:01 (thirteen years ago) link
I saw it, amazing how far a brass neck and nothing else can get you.
Mostly it just made me realise how different the mentality of guys like that is. The whole time I was thinking 'How can they possibly have thought they'd get away with it? How could they think this was going to turn out well?' It was only when the door opened at the end that I realised that he had got away with it and it had turned out well - sending some cash out to Bahrain and living there in a decent flat was probably the point all along. Wouldn't it just be easier to get a regular job?
― Ismael Klata, Wednesday, 20 April 2011 10:42 (thirteen years ago) link
I missed it, what was the general thrust?
― Matt DC, Wednesday, 20 April 2011 10:47 (thirteen years ago) link
A couple of guys, one posing as a prince, convinced people that they were managing a fund for the Bahraini royal family and hence had access to billions, managed to acquire Notts County, half an investment bank and exclusive rights to exploit North Korea's mineral and coal reserves. The method used seems to have been a mix of charm and signed statements (not bank statements or anything like that, just the guys signing letters basically), then once the club was on board Sven & co being paraded around to convince the bank & nk that these guys were major players. Sven recounting being wined & banquetted in Pyongyang, while worthless share certificates were being written out to pay the koreans, was pretty wtf.
― Ismael Klata, Wednesday, 20 April 2011 10:55 (thirteen years ago) link
yeah, i'd only add that the mineral rights in n. korea were valued at over $1 trillion! and sven said at the time he was being told that notts county couldn't even afford to pay the milkman. it's really worth watching the whole thing, half an hour well spent imo.
― joe, Wednesday, 20 April 2011 11:03 (thirteen years ago) link
that's pretty much how we ran an entire country tbf
― i've got blingees on my fisters (darraghmac), Wednesday, 20 April 2011 11:58 (thirteen years ago) link
sounds amazing. is that available anywhere online?
― sonderangerbot, Wednesday, 20 April 2011 11:59 (thirteen years ago) link
http://www.bbc.co.uk/programmes/b010p00r
Available in UK only, I think.
― every day I'm (onimo), Wednesday, 20 April 2011 12:31 (thirteen years ago) link