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.
 
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