Adebayor gone (& we aren't paying his wages)

[pudge]

cleaned up

post away

Would it not be best just locking the thread?

He doesn't play for us any more and certainly won't be coming back

 

[coulsonblue]

It would not make sense to pay his wages.
we get 5 million for him yet pay more than that in wages ??

over 38 games/weeks we pay 6.5 mill.

Nah....not having it.

It's £8m in total over the 2 years for the difference between spurs pay and what he would have had here.

So you either Lose £16m for a player who never plays or lose £3m

 

[Danamy]

cleaned up

post away

Blimey squirtyflower, for one minute I thought carried out a Jedi mind trick on you!

 

[moomba]

Re: Adebayor gone (& we aren't paying his wages)

The Daily Mail article is quite clear. Whether it's right is another matter. it supports what the BBC said ie. Adebayor to receive his City contract of £170k pw over the next two years. Not clear, according to the Daily Mail, City paid the difference between what Spurs are going to pay him up front or over the course of the next 2 years.

Unbelievable

The Daily Mail link you provided says

In a magnanimous gesture, they were prepared to pay up the difference between the offer on the table from Tottenham and his £170,000-a-week wages.
With two years left on his contract, City were prepared to commit £10million to a player
Adebayor should consider himself fortunate that City have the inclination to pay up the vast majority of the remaining £17.6m left on his contract.
Tottenham, with an upper ceiling on salaries of around £80,000 a week, were willing to pay the difference to secure the striker on a permanent deal.

Read more: <a class="postlink" href="http://www.dailymail.co.uk/sport/football/article-2188285/Emmanuel-Adebayors-money-problems--Neil-Ashton-column.html#ixzz24O6HRZF4" onclick="window.open(this.href);return false;">http://www.dailymail.co.uk/sport/footba ... z24O6HRZF4</a>

I don't know whether the BBC or Daily Mail are right. The only point I am making is that this Daily Mail article supports the BBC's assertion that City have paid off, or are paying the difference between his City salary and his Spurs salary.

No. We have accepted less than what we might have to get the deal done. Spurs are paying the difference because of that, but that is a matter between Spurs and Adebayor.

 

[SWP's back]

One last time I shall post this:

Ok, I shall walk you through it one last time. And it is in the public domain, on the whole, so long as you ignore the bollocks in most papers. But this is info from the inside, those that know me, know my source on this one and I'm happy to stand up and say it.

We wanted £10-12m for him. Spurs said they couldn't afford that AND his wages. We tried to flog him to everyone for the last 12 months without success to we decided to take a view.

We then accepted a £5m bid from spurs, allowing spurs to pay him a huge signing on fee. This in effect means we have subsidised his wages for the next two years of his contract (the difference between his new £80k wage and his old £175,000 wage, less NI and image rights).

Now, we had already written off his book value in last seasons accounts. What todays deal does is end his amortisation cost and frees up £23m (£5m fee plus saving of £175,000 x 104 weeks (2 years left of his contract)) over the next two years.

Now that money was dead money, we received no player, no goals, no assists, nothing from him being on the books. We now have a place free in the squad and some additional money to play with.

If you cannot see that as a good thing or a saving then more fool you. We have now received, from Spurs, £9m in total (£5m fee plus £4m loan fee). He was signed for £25m over a 5 year period. His amortisation is £5m per year making his notional book value £10m at this point. So in effect, we have lost £1m on the deal, but in accounting terms it will actually be a profit as we wrote off his £15m book value last September under "exceptional items" in our books (along with nearly £20m on Santa Cruz and £5m on Wayne Bride).

<a class="postlink" href="http://swissramble.blogspot.co.uk/2011/12/manchester-city-masterplan.html" onclick="window.open(this.href);return false;">http://swissramble.blogspot.co.uk/2011/ ... rplan.html</a> (for the exceptional items)

<a class="postlink" href="http://www.dailymail.co.uk/sport/football/article-2188285/Emmanuel-Adebayors-money-problems--Neil-Ashton-column.html" onclick="window.open(this.href);return false;">http://www.dailymail.co.uk/sport/footba ... olumn.html</a>

(the above article is a City leak directly from Marwood to Ashton last Tuesday to help push the deal through)

If you need any more sources then sorry, as I say, those that know me well on here know who I occasionally get info from, though rarely ahead of transfers in.

As for my abrasive style, foe me if you don't like it, I've more than enough friends on here to last me a lifetime and I don't need to post in a way that pleases you.

People should really focus on Ashton's piece in the Mail as that was directly briefed by City. Much like the Mirror, Mail and Telegraph were yesterday afternoon.

The one thing this thread has done is highlight the amount of people that haven't got a scooby when it comes to transfer dealings.

After posting the above can I just say what a breath of fresh air it is to read SWP's back post, you should give yourself a pat on the back.

After that post the thread should either be locked or moved........in my humble opinion of course

Thanks mate but as I say, it's not my own work. That's just what was explained to me last week over lunch with someone who was party to the negotiations. You probably know who.

 

[Damanino]

So Fletcher is not English. LOL
Big fail by me.:)
But he was born in England.

Still these prices are joke compared to Alba/Song's price.

 

[Danamy]

One last time I shall post this:

Ok, I shall walk you through it one last time. And it is in the public domain, on the whole, so long as you ignore the bollocks in most papers. But this is info from the inside, those that know me, know my source on this one and I'm happy to stand up and say it.

We wanted £10-12m for him. Spurs said they couldn't afford that AND his wages. We tried to flog him to everyone for the last 12 months without success to we decided to take a view.

We then accepted a £5m bid from spurs, allowing spurs to pay him a huge signing on fee. This in effect means we have subsidised his wages for the next two years of his contract (the difference between his new £80k wage and his old £175,000 wage, less NI and image rights).

Now, we had already written off his book value in last seasons accounts. What todays deal does is end his amortisation cost and frees up £23m (£5m fee plus saving of £175,000 x 104 weeks (2 years left of his contract)) over the next two years.

Now that money was dead money, we received no player, no goals, no assists, nothing from him being on the books. We now have a place free in the squad and some additional money to play with.

If you cannot see that as a good thing or a saving then more fool you. We have now received, from Spurs, £9m in total (£5m fee plus £4m loan fee). He was signed for £25m over a 5 year period. His amortisation is £5m per year making his notional book value £10m at this point. So in effect, we have lost £1m on the deal, but in accounting terms it will actually be a profit as we wrote off his £15m book value last September under "exceptional items" in our books (along with nearly £20m on Santa Cruz and £5m on Wayne Bride).

<a class="postlink" href="http://swissramble.blogspot.co.uk/2011/12/manchester-city-masterplan.html" onclick="window.open(this.href);return false;">http://swissramble.blogspot.co.uk/2011/ ... rplan.html</a> (for the exceptional items)

<a class="postlink" href="http://www.dailymail.co.uk/sport/football/article-2188285/Emmanuel-Adebayors-money-problems--Neil-Ashton-column.html" onclick="window.open(this.href);return false;">http://www.dailymail.co.uk/sport/footba ... olumn.html</a>

(the above article is a City leak directly from Marwood to Ashton last Tuesday to help push the deal through)

If you need any more sources then sorry, as I say, those that know me well on here know who I occasionally get info from, though rarely ahead of transfers in.

As for my abrasive style, foe me if you don't like it, I've more than enough friends on here to last me a lifetime and I don't need to post in a way that pleases you.

People should really focus on Ashton's piece in the Mail as that was directly briefed by City. Much like the Mirror, Mail and Telegraph were yesterday afternoon.

The one thing this thread has done is highlight the amount of people that haven't got a scooby when it comes to transfer dealings.

After posting the above can I just say what a breath of fresh air it is to read SWP's back post, you should give yourself a pat on the back.

After that post the thread should either be locked or moved........in my humble opinion of course

Thanks mate but as I say, it's not my own work. That's just what was explained to me last week over lunch with someone who was party to the negotiations. You probably know who.

After reading your post you can tell that you've been privy to some of the info about the transfer with a lot of it being bang on the money (pardon the pun).

Do I know the person you had lunch with?............maybe?..........maybe not?

 

[SWP's back]

Either way thanks dan, it seems you itk status may have stopped people questioning me a bit. As I say I rarely get info but I'm not a bullshitter so when I post stuff like this, it's because I've been told something I genuinely believe from someone I trust.

 

[FantasyIreland]

Either way thanks dan, it seems you itk status may have stopped people questioning me a bit. As I say I rarely get info but I'm not a bullshitter so when I post stuff like this, it's because I've been told something I genuinely believe from someone I trust.

Awesome post and info,great reading,cheers Sweep.

 

[SWP's back]

Either way thanks dan, it seems you itk status may have stopped people questioning me a bit. As I say I rarely get info but I'm not a bullshitter so when I post stuff like this, it's because I've been told something I genuinely believe from someone I trust.

Awesome post and info,great reading,cheers Sweep.

No worries mate, just wish I got transfer in stuff (though I managed a few bob on Ade going just before he went but at shite odds though it was fine as I knew he'd already gone! Up yours ladbrokes)