The Incoming Transfers Everywhere Thread: Summer 2023

[Johnny75]

https://twitter.com/x/status/1684616833289052162

It's embarrassing for him that he's written this with such confidence without understanding any of the stuff he's been asked to report on.

 

[Johnny75]

https://twitter.com/x/status/1684610122176135185

Percy with one too…

He should know better, he's supposed to be a journalist.

 

[PuntsWolf]

If what Craig is saying on Twitter is correct, then there is no way we can be on the limit still. Like no where near. So who is wrong?

 

[YoungWolf]

He should know better, he's supposed to be a journalist.

Yeah. They’ve all trotted out the same thing, with the athletic one being the most thought out.

Both have said we need to make a profit. Which I think we all understand. But they’ve also ignored that it’s absolute bollocks that we can’t spend a penny after the money we’ve brought in already. That’s just a choice

 

[Jabbawolf]

Gammon what's a Gammon

Do you have a mirror in your bar?

 

[Johnny75]

If what Craig is saying on Twitter is correct, then there is no way we can be on the limit still. Like no where near. So who is wrong?

The reporters blindly putting out the message the club want them to. It's so transparent as a PR strategy it's bordering on ridiculous, Chemical Ali stuff.

 

[Deutsch Wolf]

If what Craig is saying on Twitter is correct, then there is no way we can be on the limit still. Like no where near. So who is wrong?

Craig gets it wrong too. Like he has stated that £100m of sales gives you £500m headroom for purchases. Yeah, if you think the world will end between now and next May.

There was an issue looming down the road in terms of FFP, we have more than solved that now, if they want to make more money (for the accounts, they can't and won't funnel it out of the club) then that is their choice, but it is exactly that, a choice.

 

[slink]

Surely we’re going to see that they were lying once the accounts can be seen if we haven’t lost between £60-80 million in the last year.

 

[PuntsWolf]

He's wrong there with his example of Giles/Raul. For FFP reasons in 2023 the £5m for each counts exactly the same. £0 owing on our side for Giles because he's Academy and £0 amortisation for Raul because he's gone past the four year deal he signed in 2019 and that's all been paid off.

Do they not split the remaining amortisation over the extended contract he signed in 2020?

 

[Johnny75]

Surely we’re going to see that they were lying once the accounts can be seen if we haven’t lost between £60-80 million in the last year.

Indeed, but both transfer windows and probably an impending sale will have overtaken that news.

 

[Deutsch Wolf]

Do they not split the remaining amortisation over the extended contract he signed in 2020?

I'd be surprised if you could do that.

Otherwise what's to stop Chelsea forever giving say, Mudryk another year or two on his deal and effectively stretching the terms forever. I could be wrong though.

Either way it's not a huge difference when it comes to Giles/Raul and as you rightly say it was a boon to us just to get rid of his wages, two weeks ago I didn't think we would.

 

[Wilf Wolf]

Do they not split the remaining amortisation over the extended contract he signed in 2020?

Doesn’t amortisation have to end at a maximum of 5 years now so can only kick the can so far down the road?

 

[PuntsWolf]

I'd be surprised if you could do that.

Otherwise what's to stop Chelsea forever giving say, Mudryk another year or two on his deal and effectively stretching the terms forever. I could be wrong though.

Either way it's not a huge difference when it comes to Giles/Raul and as you rightly say it was a boon to us just to get rid of his wages, two weeks ago I didn't think we would.

Don’t think it would change it that much though, so can’t see it not being allowed. And in my head would make better accounting sense (in real life not just football book fiddling) to do that than have someone as worth zero pounds on the books.

Let’s use 5 year deal and £50m fee for easy maths.

After first year you amortise £10m then give him a new 5 year deal. Changes your figure from £10m to £8m (spread remaining £40m over 5 years). Then same again next year making £32m, £6.4m for the the year. So doesn’t fiddle things that much whilst also unrealistic as I’m sure new contracts will cost you money (wage increase, agent fee, etc).

Either way, it’s a big wage saving and that £5.5m either goes on as profit or reduces the dead money we’d have had booked for Raul (guessing somewhere around £6-7m, so a £0.5-1.5m loss instead of a £11m+ loss). A positive either way.

 

[PuntsWolf]

Doesn’t amortisation have to end at a maximum of 5 years now so can only kick the can so far down the road?

Yeah on the initial contract, but what about if you give them a new deal after 3? Can you/do you split the remaining two years over a new 5 year deal? Or is it still then 10, 10, 0, 0, 0 rather than 10, 10, 10, 4, 4, 4, 4, 4 as per my £50m/5 yr example.

 

[Wilf Wolf]

Yeah on the initial contract, but what about if you give them a new deal after 3? Can you/do you split the remaining two years over a new 5 year deal? Or is it still then 10, 10, 0, 0, 0 rather than 10, 10, 10, 4, 4, 4, 4, 4 as per my £50m/5 yr example.

I guess depends when you offer new contract. So if original one was £50m over 4 years and renew on 2 for 3 years , 12.5, 12.5, 8.3, 8.3,8.3. If renew after 3, 12.5, 12.5, 12.5, 6.25, 6.25. Note the key word here is guess!

 

[Lycan]

Fulham have apparently bid £4M for Hudson-Odoi, Chelsea holding out for £8M. I know he's had injury problems but we've got to be interested at that price surely?

 

[Deutsch Wolf]

Nah, I wouldn't touch him. Never been impressed.

 

[WsWolf]

Fulham have apparently bid £4M for Hudson-Odoi, Chelsea holding out for £8M. I know he's had injury problems but we've got to be interested at that price surely?

Is he going to want to drop his wages. Wasn't he on 120k p/w+

 

[Nando]

I guess depends when you offer new contract. So if original one was £50m over 4 years and renew on 2 for 3 years , 12.5, 12.5, 8.3, 8.3,8.3. If renew after 3, 12.5, 12.5, 12.5, 6.25, 6.25. Note the key word here is guess!

You're right on this, well according to Swiss Ramble, who is just about the leading authority on it.

From what I understand, that's different than the restrictions that came in to stop Chelsea spending £100m and spreading it over an 8 year contract.

Giles going for £5m would cover Scott at £25m over 5 years for the next 12 months for FFP purposes.

 

[Lycan]

Nah, I wouldn't touch him. Never been impressed.

For £5-6M though? Chelsea turned down £70M from Bayern not too long ago so he's clearly talented.

Is he going to want to drop his wages. Wasn't he on 120k p/w+

Didn't know he was on that much!