#27 | João Cancelo - 2020/21 Performances

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mccity said:
No. It was the way the tweet suggested. I'm not 100% sure, but I think sales can be added immediately to accounts as income, while transfer outlays can be amortised over the course of the incoming players contracts.

So doing it the way it was done looks better on the financial books I think, for both parties.

So if I recall Cancelo signed a 6 year deal when he signed, so that amortised over 6 years is 10m a year.

So we got 34m for Danilo, minus the 10m we spend that year for Cancelo, and it's a 24m profit on the books.



I think...
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My eyes glossed over in confusion.
 
mccity said:
No. It was the way the tweet suggested. I'm not 100% sure, but I think sales can be added immediately to accounts as income, while transfer outlays can be amortised over the course of the incoming players contracts.

So doing it the way it was done looks better on the financial books I think, for both parties.

So if I recall Cancelo signed a 6 year deal when he signed, so that amortised over 6 years is 10m a year.

So we got 34m for Danilo, minus the 10m we spend that year for Cancelo, and it's a 24m profit on the books.



I think...
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I think the tweet was just looking at the overall net amount we paid for him. Not taking amortisation into account. The headline figure, if you like.
 
jimharri said:
I think the tweet was just looking at the overall net amount we paid for him. Not taking amortisation into account. The headline figure, if you like.
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Yeah I get that, I was just explaining why the original transfer for Cancelo wasn't Danilo+26m.
 
mccity said:
Haha.

tl;dr It was Cancelo for 60m and Danilo for 34m so that both us and Juventus could mark it down as the largest profits possible in the accounting books (I think).
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So what you're saying is that it wasn't Danilo+26m. It was 26m+Danilo. ;-) Thanks. ;-)
 
Joao is often key to breaking down set defenses. He offers a new dynamic - effectively another midfielder, confusing the opposition and typically giving us a numerical advantage in midfield. Each new game, I look at the team sheet and hope he's starting.
 
TonyM said:
So what you're saying is that it wasn't Danilo+26m. It was 26m+Danilo. ;-) Thanks. ;-)
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Whichever way look at it chaps for the £60m we got 3 players in 1.

You buy 1 you get 2 free !!
 
Cancelo was immense in that second half. He was brilliant defensively, too.
 
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