Metalartin
Well-Known Member
- Joined
- 15 Jul 2015
- Messages
- 12,383
Ah I see it now thanks, well makes mathematical sense as a reason for their discrepancy but why on earth would they not use the exchange rate at the time of sale?Misunderstanding here, I think.
Initial fee was 45M pounds.
Exchange rate on 24/7/2015 about 1.41. £45M therefore was €63.5M (at that rate). (near enough €63.7M)
Exchange rate now is 1.11 (average bank exchange). €63.5M now is £57M.
Allowing for them using slightly different rates, the two figures states are (1)euros at time of purchase and (2)current sterling value of those euros.
The website is dynamic for costs, so the 57M will change as time goes on (the €63.5M won't).
Even if they are working off the logic that we are paying in instalments, their figures would still always be incorrect, thus it's a pointless exercise constantly adjusting them. If they were trying to be more accurate, it's probably doing the opposite, as the exchange rates will be different every year and I doubt they would know, how much we are paying and when for each instalment.
No wonder Talksport are giving out incorrect figures. They need to stop faffing about, as it makes them kind of unusable as a reference point. Regardless, it was £49m with bonuses, even Talksport should have known that.
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