It's Quiet Thread 15 - Txiki Blinders

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ChicagoBlue said:
Because the money wasn’t booked last summer, due to COVID pushing the season past the usual end of season books. Some other CL money wasn’t booked either, it seems.

I’m going to go off what City have said…much as I trust the Certified Accounting firm of Dewey, Cheetham & Howe on here.
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But neither did the fees for Dias, Ake, Torres....

Net spend is net spend

We spent £100mil net last summer including the Sane money

That makes no sense
 
LongsightM13 said:
Plus some big salaries off the books with Leroy, Nico, Sergio and probably Ferna. Factor in the potential write off of the Sancho clause and that would cover even the worst case figures being talked about for Haaland.
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The Sancho sell on percentage isn’t a freebie. I keep seeing it bandied about in here like it’s a something with no value that we can use to our advantage but it isn’t.
City will have a notional forward value for that clause, cash it in and we lose out later down the line.
Ok, so the value is a moving feast dependent upon Sancho’s worth in a variable market but it will certainly be tangible in our forward accounting and, yes, we may choose to cash it early against a player we buy from Dortmund (subject to Dortmund agreeing) but they wouldn’t agree unless they thought that they were getting the better of the deal.
It’s not a magic bean it’s maybe €10 or €15 million and using it would be the same as spending it.
 
richards30 said:
think the club purposely held back some stuff in the accounts mate? Maybe for the funds to show better in the accounts for a bigger spend this summer?
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The club can't simply choose to hold things back in the accounts: there are rules that govern how you have to account for all that stuff.

Various transfers happened after the year-end. I think Sane's transfer completed 3 days after it so it will be accounted for in the 2020-21 accounts but the notes to the financial statements include this one:

"25. EVENTS AFTER THE REPORTING DATE Since the year end the Club has entered into agreements to acquire the football registrations of Rúben Dias (from Benfica), Nathan Ake (from Bournemouth), Ferran Torres (from Valencia), Pablo Moreno (from Juventus), Yan Couto (from Coritiba FC), Issa Kaboré (from KV Mechelen), Diego Rosa (from Gremio), and Filip Stefanovic (from FK Partizan). The football registrations of Leroy Sané (to Bayern Munich), Nicolás Otamendi (to Benfica), Tosin Adarabioyo (to Fulham), Nathanael Ogbeta (to Shewsbury Town), D’Margio WrightPhillips (to Stoke City), and Keyendrah Simmonds (to Birmingham City) have been sold. The net expenditure on these transactions was approximately £104.5m."

We will have booked a profit on Sane's sale and that will be recognised in the 2020-21 accounts.


The Strategic Report accompanying the financial statements includes this:

"The interrupted season also meant that revenues relating to just under a quarter of Premier League matches and the latter stages of the UCL and FA Cup have been deferred and will be included in the financial results of the year ending 30 June 2021. Player trading was also impacted, with some planned player sales deferred to the following season. Never before has a Premier League season straddled two financial years. These effects will have a positive impact in the 2020-21 financial year."

Deferred is what you might refer to as held back but those deferred amounts of revenue relate to matches that should have taken place in the last financial but didn't until the current one and so that is the correct accounting treatment.
 
OccupiedPalestineBlues said:
The Sancho sell on percentage isn’t a freebie. I keep seeing it bandied about in here like it’s a something with no value that we can use to our advantage but it isn’t.
City will have a notional forward value for that clause, cash it in and we lose out later down the line.
Ok, so the value is a moving feast dependent upon Sancho’s worth in a variable market but it will certainly be tangible in our forward accounting and, yes, we may choose to cash it early against a player we buy from Dortmund (subject to Dortmund agreeing) but they wouldn’t agree unless they thought that they were getting the better of the deal.
It’s not a magic bean it’s maybe €10 or €15 million and using it would be the same as spending it.
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Not sure how we could put an accounting value on something that would only exist in the abstract and would depend on so many different variables? It would only exist hypothetically
Using it to bring a transfer fee down would help with FFP if nothing else
 
LongsightM13 said:
Not sure how we could put an accounting value on something that would only exist in the abstract and would depend on so many different variables? It would only exist hypothetically
Using it to bring a transfer fee down would help with FFP if nothing else
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I know where you’re coming from but it wouldn’t ‘lower the fee’.

If we decided to use it, it would be us cashing in an asset to pay towards the fee, and both clubs would need to agree it’s market value.
IMO it would be an issue to avoid as it could only add a needless complexity to an already complicated exercise.
Agree a value, buy the player, deal with the value of our percentage of Sancho’s sell on whenever that occurs = less to argue about and therefore less time round the table.
 
OccupiedPalestineBlues said:
I know where you’re coming from but it wouldn’t ‘lower the fee’.

If we decided to use it, it would be us cashing in an asset to pay towards the fee, and both clubs would need to agree it’s market value.
IMO it would be an issue to avoid as it could only add a needless complexity to an already complicated exercise.
Agree a value, buy the player, deal with the value of our percentage of Sancho’s sell on whenever that occurs = less to argue about and therefore less time round the table.
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Oh I agree, though it might be something Dortmund broach during negotiations rather than ourselves
 
tolmie's hairdoo said:
I'm not sure, think that would be the plan, certainly as other clubs seems to be now looking to emulate out CFG model.
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Is this not why we have so many clubs in CFG so we have academies globally also we have the soccer school in Abu Dhabi and the goals soccer center

That being said I expected a lot of mini City academies being set up or perhaps branded under a star name remember it being suggested by cook with the Kaka deal that never was but so far it’s never happened
 
WRicko said:
Is this not why we have so many clubs in CFG so we have academies globally also we have the soccer school in Abu Dhabi and the goals soccer center

That being said I expected a lot of mini City academies being set up or perhaps branded under a star name remember it being suggested by cook with the Kaka deal that never was but so far it’s never happened
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There is a soccer school now in Dubai as well
 
www.football365.com

Tottenham and Arsenal 'top' net transfer debts chart

Transfer fees are generally paid in instalments. On tick. But some clubs are way more in debt than others. Daniel Levy is the credit king.
www.football365.com www.football365.com

For what its worth (not sure on the reliability of the source), apprantly we only owe net £7mil in outstanding fees (we owe 73mil with 66mil owed to us)....much better than I thought it would be, we must pay a large amount of our fees upfront

Shaping up quite nicely the pot
Harrison - £11mil
Braaf - £9mil
Porro - £9mil
Herrera - £15mil
Nmecha - £7mil

Thats an additional £50mil for players already on loan added to the £16mil from Angelino in Jan and the £10mil for getting into the Semis....Will get another £15/£20mil on top of that we get to the final which looks likely

Hopefully can get a few million form Roberts, Moreno, Meshino, Itakura, Bolton etc.

So could be sitting on over £100mil this summer...don't think spending £200mil will be an issue
 
tolmie's hairdoo said:
Don't want to tempt fate, but hearing positive news on Haaland, certainly with him and Mino :)


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Assuming this is true this is shaping up to be some week! can’t help but feel with us continuing to win trophies and beating PSG last night it must be making haaland drool at the prospect of playing for us
 
tolmie's hairdoo said:
Don't want to tempt fate, but hearing positive news on Haaland, certainly with him and Mino :)


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