MachoFantastico Posted July 21 Share Posted July 21 So he's decided to all but retire. A bit disappointed but it's to good a deal to turn down. Bye Diaby, thanks for helping our finances. Let's bring in someone good. Link to comment Share on other sites More sharing options...
MrBlack Posted July 21 Share Posted July 21 Romano never gets the prices right. Wait for Ornstein to state the value before giving it any credence. 3 Link to comment Share on other sites More sharing options...
JPAngel Posted July 21 VT Supporter Share Posted July 21 Does anyone know how sales and profit work on amortized transfers? The figure we signed him for is commonly reported as £34.6m. We've only had him for one year so have only paid £6.92m (I'm ignoring any potential add-ons owed to Leverkusen as we've no idea what they were depending on). Do we now write off the rest of the transfer book value because we've sold him? Or does that remaining £27.68m still hang around on our books for the next four years in £6.92m increments? Further to this, if we get (for example) £50m from the Al Ittihad deal, does that count as £15.4m profit on our books because of the total original fee? Or is it £43.08m profit based on the fee amortized so far? I wish this was easier to understand! Link to comment Share on other sites More sharing options...
Jas10 Posted July 21 Share Posted July 21 Link to comment Share on other sites More sharing options...
Made In Aston Posted July 21 Share Posted July 21 Just now, JPAngel said: Does anyone know how sales and profit work on amortized transfers? The figure we signed him for is commonly reported as £34.6m. We've only had him for one year so have only paid £6.92m (I'm ignoring any potential add-ons owed to Leverkusen as we've no idea what they were depending on). Do we now write off the rest of the transfer book value because we've sold him? Or does that remaining £27.68m still hang around on our books for the next four years in £6.92m increments? Further to this, if we get (for example) £50m from the Al Ittihad deal, does that count as £15.4m profit on our books because of the total original fee? Or is it £43.08m profit based on the fee amortized so far? I wish this was easier to understand! The remaining book value is reduced to nil (as it is a disposal)on the balance sheet and then added as an expense on the P&L. The money we receive is income and added to the P&L. 1 Link to comment Share on other sites More sharing options...
cheltenham_villa Posted July 21 Share Posted July 21 I'm disappointed he's leaving, thought he looked a very good player and expected him to keep improving. His goals and assists return was decent and the fee is OK but not amazing. Link to comment Share on other sites More sharing options...
mikeyp102 Posted July 21 Share Posted July 21 Shame he’s going, think he would’ve been great this year, but getting our money back and more within a yr can’t be argued with and trust Emery and Monchi to sign someone else. Link to comment Share on other sites More sharing options...
CVByrne Posted July 21 Share Posted July 21 6 minutes ago, MachoFantastico said: So he's decided to all but retire. A bit disappointed but it's to good a deal to turn down. Bye Diaby, thanks for helping our finances. Let's bring in someone good. Retirement is when you stop working and being paid. You draw down on your pension. So I think what hes done is the opposite of retiring, he's got a massive pay increase and a new job. Link to comment Share on other sites More sharing options...
PieFacE Posted July 21 VT Supporter Share Posted July 21 Good luck to him. Will make a fortune which will provide his familiy riches for generations and still has time in his career to get a move elsewhere later on if he decides to do that. 1 Link to comment Share on other sites More sharing options...
Popular Post Chindie Posted July 21 VT Supporter Popular Post Share Posted July 21 Disappointing but we've turned a profit, and while he had a decent season it wasn't blow your socks off amazing, so fine. Hopefully more in the kitty to chuck at pumping up the squad across the board. 6 Link to comment Share on other sites More sharing options...
JPAngel Posted July 21 VT Supporter Share Posted July 21 (edited) 11 minutes ago, Made In Aston said: The remaining book value is reduced to nil (as it is a disposal)on the balance sheet and then added as an expense on the P&L. The money we receive is income and added to the P&L. Right, gotcha. Thanks dude! I presume that means, in the scenario I laid out, our profit would be circa £15m. Edited July 21 by JPAngel 1 Link to comment Share on other sites More sharing options...
PaulMcGrath_5 Posted July 21 Share Posted July 21 Link to comment Share on other sites More sharing options...
Popular Post Indigo Posted July 21 Popular Post Share Posted July 21 Disappointed he's off as he seems a good egg and I was expecting him to really kick on this season having had time to find his feet in the league, but it is what it is. It's a good profit on him and you can likely get a better fit than him in the position he played for much of the season. 5 Link to comment Share on other sites More sharing options...
chrisvilla4 Posted July 21 Share Posted July 21 Meh. Link to comment Share on other sites More sharing options...
maltesemike Posted July 21 Share Posted July 21 Had an amazing start with us and a respectable output. But he was also very frustrating at times later in the season, and seemed to be unsettled somehow, as if it was too much for him. To choose to move to Saudi at this stage of his career sort of confirms that. Good luck to him, but I think this is a fantastic move for us. Curious to see who his replacement will be. 1 Link to comment Share on other sites More sharing options...
Popular Post AVTuco Posted July 21 VT Supporter Popular Post Share Posted July 21 Good riddance. Forgotten already. 2 1 2 2 2 Link to comment Share on other sites More sharing options...
JPJCB Posted July 21 Share Posted July 21 The way I look at this: he had a decent season and I wouldn’t have been actively trying to sell him; but he wasn’t as good as I expected him to be so in that context getting more money for him than we paid last year makes this deal worthwhile 3 Link to comment Share on other sites More sharing options...
Popular Post The_Steve Posted July 21 Popular Post Share Posted July 21 15 minutes ago, PaulMcGrath_5 said: Good profit for a player who helped us get Champions League. Best of luck Moussa. Onwards and upwards we go. 5 Link to comment Share on other sites More sharing options...
DCJonah Posted July 21 Share Posted July 21 Seems so strange. Going to be an odd player to think back on in a few years time. That's ridiculous money for a player who isn't in our best 11. 1 Link to comment Share on other sites More sharing options...
pete101 Posted July 21 Share Posted July 21 5 minutes ago, DCJonah said: Seems so strange. Going to be an odd player to think back on in a few years time. That's ridiculous money for a player who isn't in our best 11. But these are the type of sales we need to make in the future, great money but dose not effect us massively moving forward. You compare this to the O'Neill period where we were losing these types of player a knew it was downhill from there on. 2 Link to comment Share on other sites More sharing options...
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