Otamendi

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Matty said:
Seeing as Valencia were struggling to actually pay us the money they owed us it does make some sense. This way we "get" all the Negredo money payed off in one chunk, albeit as a "saving" on Otamendi rather than physical cash in hand. If Otamendi had been a Sevilla player, and we'd paid £32m for him we'd actually have to hand £32m over, and we'd still be struggling to get our money off Valencia. It extricates both City and Valencia from a difficult situation which had the potential to drag on and become embarrassing.
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Agree Matty.

Effectively we either accepted their offer or forced this transaction because of VFC's financial problems.
Something happened somewhere where we were running scared that they were likely to default on their regular payment plan for Negredo.

Who knows, maybe their bank would not extend their ''loan'' whilst they had a recurring cash flow debt on their monthly outgoings but why risk a bad debt when we can get value with a player ?

From a financial point of view (ie non football) we could sell on Otamendi to get our money back straight away.
 
SilverFox2 said:
Agree Matty.

Effectively we either accepted their offer or forced this transaction because of VFC's financial problems.
Something happened somewhere where we were running scared that they were likely to default on their regular payment plan for Negredo.

Who knows, maybe their bank would not extend their ''loan'' whilst they had a recurring cash flow debt on their monthly outgoings but why risk a bad debt when we can get value with a player ?

From a financial point of view (ie non football) we could sell on Otamendi to get our money back straight away.
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It would seem Valencia are actually financially very sound indeed, their owner is a very wealthy individual. The issues they had, and the reasons they were reluctant to hand over the Negredo money, were down to FFP considerations. They'd spent a fair amount and hadn't recouped a great deal, so needed to address that imbalance before the end of the next accounting period.
 
Matty said:
So another example of a club being absolutely financially sound but UEFA's crap rules forcing them to make financial decisions they really don't need to make.
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Often decisions that don't make a lot of sense financially.
 
DHMCFC said:
any news mate? i went offline since yesterday dinner and cant be arsed catching up with the 89 pages ive missed
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Sorry mate no but my mate is going to get in touch with whoever his source is. Same as yesterday I presume so far it will be announced today.
 
Matty said:
It would seem Valencia are actually financially very sound indeed, their owner is a very wealthy individual. The issues they had, and the reasons they were reluctant to hand over the Negredo money, were down to FFP considerations. They'd spent a fair amount and hadn't recouped a great deal, so needed to address that imbalance before the end of the next accounting period.
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I did wonder about this. Valencia were bought by a Singaporean billionaire last year, I believe, and are very sound indeed if we limit our attention to real money in the real world, but if we have to inhabit Platinin's dreamworld the club has violated the first sacred principle and invested rather than going bust quietly. They're even in the CL this season and - how on earth did this happen - must fight to the death with those other upstarts, Monaco tonight. It was clear that City weren't going to let Mangala go on loan and Jason may go out on loan elsewhere - is this a consequence of Bruno's loan last year when he got no pitch time at all at Valencia? Other tweets - from the often reliable Stuart Brennan? - claim the deal for Otamendi has nothing to do with the Negredo deal.
 
ankitptrivedi said:


Someone, quick.
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Apparently they are just waiting for United's newest signing to complete his medical before Otamendi can start his.

images
 
Matty said:
It would seem Valencia are actually financially very sound indeed, their owner is a very wealthy individual. The issues they had, and the reasons they were reluctant to hand over the Negredo money, were down to FFP considerations. They'd spent a fair amount and hadn't recouped a great deal, so needed to address that imbalance before the end of the next accounting period.
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Thanks Matty, sorry I was not aware of that.

So not a bank problem with VFC having plenty of money but unable to use it because of FFP, frustrating and unfair as discussed at length on FFP thread.
How lucky we are to have an owner who has invested with an excellent business plan that Uefa had not realised could successfully be transferred to what they thought was their exclusive football sector.

This purchase by City may currently not make football sense for some but is still a financially sound investment replacing the hire purchase agreement that sold Negredo to Valencia.
 
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