Was thinking about this last night. Is the new spending cap on Net Spend? Surely it must be which makes the Academy even more imprtant.
That’s not right. If Newcastle have a turnover of £250M and are not in Europe, they can spend £187.5M (85% of turnover). If they’re in Europe it’s reduced to 70% of turnover as that turnover is expected to rise, due to being in Europe.
Not sure what happens if you’re in Europe one season, out the next, back in and back out……….
Yes, the first sign of players and agents earnings being affected and a whole new battle will commence. it's a complete shitshow.Lol!!! There will be players striking over this. Players and their agents will be already on high alert!
And so they should.
What I can guarantee is that none of this will have been thrashed out during the meeting, they'll have just voted on the dream and not thought about the details or consequences. I'd want it all written down including the sanctions and punishments if the rule is broken before ever voting for it but that's just meAsk yourself who has the best academy for your answer.
But, it makes much more sense, as you say, for the squad cost to be wages + amortised contract costs less profits on sale. It would be very odd, in accounting terms, if contract costs were included but not the increased values you get back when you sell. There is no accounting justification at all, as far as I can see. But see the first paragraph.
Lol!!! There will be players striking over this. Players and their agents will be already on high alert!
And so they should
if our current wages are 450 inc all bonus, player amortisation about 135 and agents say 20m
I think if a ratio of 5 = approx 520m spend on players so not great
5.5 about 575 so not much short of current spend and ratio of 6 is business as usual. I am against the proposal overall as it limits owner investment, im sure the sheikh would rather determine when he does or doesn’t invest all profits into the club rather than it be decided by this means. But we might not have much of a choice if it’s what 16 clubs want to do.
My real point was about the academy to get our above figures down a bit, and we have the best academy facility in world football.
Jenny? Well ahead of her time…..Jenny Haynes will be turning in his grave.
(For the under 50s) First £100 a week player.
Less than 5 wont be good agreed. The key ally is here is the rags, they need to spend a few quid!we paid £60m to agents last year but probably at least £70m in bonuses. basic wages are probably around £360m. So we'll be struggling if it's less than 5 which I expect it will be
Under 5 threatens the PL as a salable product I very much doubt it will be, I expect it to be a token amount that won't have any real impact seems like a lot of window dressingwe paid £60m to agents last year but probably at least £70m in bonuses. basic wages are probably around £360m. So we'll be struggling if it's less than 5 which I expect it will be
What I can guarantee is that none of this will have been thrashed out during the meeting, they'll have just voted on the dream and not thought about the details or consequences. I'd want it all written down including the sanctions and punishments if the rule is broken before ever voting for it but that's just me
we paid £60m to agents last year but probably at least £70m in bonuses. basic wages are probably around £360m. So we'll be struggling if it's less than 5 which I expect it will be
Monkey hangers?Blackpool?
Pwllheli FC?
Welshpool FC?
Not decided yet, I think. The devil is in the detail.Was thinking about this last night. Is the new spending cap on Net Spend? Surely it must be which makes the Academy even more imprtant.
I think they are, as the intangible assets additions in the financial statements are often materially higher than the transfer fees reported in the media, so I've always assumed the major difference is agents' fees.Agents' fees are capitalised as part of the contract cost and amortised, aren't they?
He is but he’s not a challenge to Jordan because he’s not particularly pro cityMaguire’s very good…he’s probably my second favourite expert !