Joelinton

[ewerk 33226]

You don't. They're an expense.

[Alex 36724]

1 hour ago, Howmanheyman said:

 

Danny Murphy reckons he'll NEVER be world class. He said it on talksport apparently, @wykikitoon must be slipping missing it? 

I’d love to see the stats on how much ground he usually covered compared to Bruno

Edited March 5, 2024 by Alex

[Alex 36724]

50 minutes ago, The Fish said:

 and deified by a man and his son in Cheshire. 

I’d probably go for beatification at this point. Wait until he wins a trophy with us  

[Gemmill 49971]

32 minutes ago, Renton said:

How do you amortise wage costs like? So-called accountants. 

 

[The Fish 11323]

53 minutes ago, Renton said:

How do you amortise wage costs like? So-called accountants. 

Not his wage, his fee. 

 

£40m in 2019, £6.5m a year, add another 3 years brings it down to £4.4m a year, right?

 

Couldn't remember how long his deal was so googled

 

 

Edited March 5, 2024 by The Fish

[Howay 12496]

20 minutes ago, The Fish said:

Not his wage, his fee. 

 

£40m in 2019, £6.5m a year, add another 3 years brings it down to £4.4m a year, right?

 

Couldn't remember how long his deal was so googled

 

 

He pretty much has no book value by this point, but yeah any that’s left would be amortized over the length of the new deal. It’s part of the reason Chelsea started giving contract extensions to players who had just signed like Enzo Fernandes, iirc they added a year to his deal shortly after he signed which would have lowered his yearly cost. 

[Renton 23681]

16 minutes ago, ewerk said:

You don't. They're an expense.

 

49 minutes ago, The Fish said:

Not his wage, his fee. 

 

£40m in 2019, £6.5m a year, add another 3 years brings it down to £4.4m a year, right?

 

Couldn't remember how long his deal was so googled

 

 

 

Well aye, why are we paying a fee for our own player? His previous signing on fee will already be amortised surely. Anyway, I'll leave it to the bean counter nerds. 

 

[The Fish 11323]

35 minutes ago, Renton said:

 

 

Well aye, why are we paying a fee for our own player? His previous signing on fee will already be amortised surely. Anyway, I'll leave it to the bean counter nerds. 

 

 

 

Team buys player X for £80m and gives them a 4 year contract. So that initial fee is spread over the length of the 4yr contract, at £20m a year. That £20m comes off each years accounts and as such is marked against their FFP allowance to fall within £105m over 3yrs. Say, for this example it takes them to their limit.

 

1 year in, the remaining amount of that initial fee to be amortised is £60m (£20m a year), but then that contract is extended by 3 years. So the remaining amount to be spread over 6yrs is £60m, or £10m a year and halving the FFP burden of that transfer. Leaving £10m free in their FFP accounts

 

Which would allow the club to buy a £40m player on a 4yr deal and stay within FFP boundaries.

 

 

[Renton 23681]

1 minute ago, The Fish said:

 

 

Team buys player X for £80m and gives them a 4 year contract. So that initial fee is spread over the length of the 4yr contract, at £20m a year. That £20m comes off each years accounts and as such is marked against their FFP allowance to fall within £105m over 3yrs. Say, for this example it takes them to their limit.

 

1 year in, the remaining amount of that initial fee to be amortised is £60m (£20m a year), but then that contract is extended by 3 years. So the remaining amount to be spread over 6yrs is £60m, or £10m a year and halving the FFP burden of that transfer. Leaving £10m free in their FFP accounts

 

Which would allow the club to buy a £40m player on a 4yr deal and stay within FFP boundaries.

 

 

[The Fish 11323]

4 minutes ago, Renton said:

Long story short, you pay for a transfer fee in instalments across the length of their contract. Extend the length of contract, you reduce the amount you account for each time.

Edited March 5, 2024 by The Fish

[ewerk 33226]

5 minutes ago, The Fish said:

 

 

Team buys player X for £80m and gives them a 4 year contract. So that initial fee is spread over the length of the 4yr contract, at £20m a year. That £20m comes off each years accounts and as such is marked against their FFP allowance to fall within £105m over 3yrs. Say, for this example it takes them to their limit.

 

1 year in, the remaining amount of that initial fee to be amortised is £60m (£20m a year), but then that contract is extended by 3 years. So the remaining amount to be spread over 6yrs is £60m, or £10m a year and halving the FFP burden of that transfer. Leaving £10m free in their FFP accounts

 

Which would allow the club to buy a £40m player on a 4yr deal and stay within FFP boundaries.

 

 

The flip side is that any player extending their contract is likely to want a signing on bonus and increased wages which adds to costs.

[aimaad22 4690]

Now only if there was an ICAEW member around to demistfy all this

[The Fish 11323]

4 minutes ago, ewerk said:

The flip side is that any player extending their contract is likely to want a signing on bonus and increased wages which adds to costs.

 

Sure, but not as much as the cost of the fee, right?

[aimaad22 4690]

22 minutes ago, ewerk said:

The flip side is that any player extending their contract is likely to want a signing on bonus and increased wages which adds to costs.

 

The recently applied 5 year limit for amortisation would apply to extensions as well right? So if a 5 year contract was down to 3 years but you gave the player a 2 year extension, it wouldn't be amortized over 5 years again?

Edited March 5, 2024 by aimaad22

[Gemmill 49971]

7 minutes ago, aimaad22 said:

Now only if there was an ICAEW member around to demistfy all this

 

[Gemmill 49971]

One of the all time great gifs.

 

[ewerk 33226]

31 minutes ago, The Fish said:

 

Sure, but not as much as the cost of the fee, right?

Depends. If Joelinton is looking an increase from £45k to £110k then that’s over £3m a season.

[Toonpack 11368]

ICAEW ???

 

Incredibly Conceited Accountants Excel Wankathon

 

[Anorthernsoul 1222]

Great to see Big Joe signed off for another 3 years. A big player in our midfield, which has been very much highlighted since his injury. I think Eddie's comments about getting it all sorted ASAP tells you how important he is for us and our immediate future!

[ewerk 33226]

 

14 hours ago, Gemmill said:

 

 

[Guest MrRaspberryJam]

The big bastard is staying.

[Dr Gloom 23642]

1 hour ago, MrRaspberryJam said:

The big bastard is staying.

 

[wykikitoon 22898]

 

[Tdansmith 3260]

Fucking Get In !!!!!

[Sonatine 11920]