Vega
Neil Sullivan
...unless the unthinkable...
...unless the unthinkable...
With almost no deadwood to cash in on to balance the books, I always doubted we'd spend £30m this summer, let alone on one player
With almost no deadwood to cash in on to balance the books, I always doubted we'd spend £30m this summer, let alone on one player
With a new tv deal in place, after finishing 3rd and qualifying for the group stage of the CL I would be both shocked if we do not spend in excess of £30m, especially when we supposedly still have the £20m we did not spend on Berahino on deadline day last year
Banks will happily lend money if it is underwritten by money to be received from the TV deal. We have no problems with FFP rules in regards to transfer fees. However we would have to be a little careful with wages as our wage bill can only rise by a permitted amount. Getting Adebayor off the books will have helped here however.We didn't have 20 million then and we don't have a stack of cash put away now either. The PL money is paid out in instalments I believe, so it's about how much our bank will loan us short term and how much our cashflow and FFP rules allow us to take on long term.
Banks will happily lend money if it is underwritten by money to be received from the TV deal. We have no problems with FFP rules in regards to transfer fees. However we would have to be a little careful with wages as our wage bill can only rise by a permitted amount. Getting Adebayor off the books will have helped here however.
...unless the unthinkable...
We didn't have 20 million then and we don't have a stack of cash put away now either. The PL money is paid out in installments I believe, so it's about how much our bank will loan us short term and how much our cashflow and FFP rules allow us to take on long term.
I haven't smoked for 10 years, but it's not like I'm loaded with 'money not spent on sigarets'Actually most deals in world football are done instrumentally, so even if we did not have £20m in one bundle we had the money to buy Berahino in installments, we should still have that unspent money.
As for the TV money it is not paid installmentally over the season but rather every summer so clubs armed with cash for the main transfer window.
I am 100 per cent sure we have more than £30m available this summer, I actually think we have more minimum £50m net else I think Potch would have had doubts about renewing his contract. Potch is not dumb, he is aware of the serious rebuilding programes of Liverpool, Man Utd, Emirates Marketing Project and Chelsea that he will be competing with so I am pretty sure he would not have signed without reassurances.
With a new tv deal in place, after finishing 3rd and qualifying for the group stage of the CL I would be both shocked if we do not spend in excess of £30m, especially when we supposedly still have the £20m we did not spend on Berahino on deadline day last year
Actually most deals in world football are done instrumentally, so even if we did not have £20m in one bundle we had the money to buy Berahino in installments, we should still have that unspent money.
As for the TV money it is not paid installmentally over the season but rather every summer so clubs armed with cash for the main transfer window.
I am 100 per cent sure we have more than £30m available this summer, I actually think we have more minimum £50m net else I think Potch would have had doubts about renewing his contract. Potch is not dumb, he is aware of the serious rebuilding programes of Liverpool, Man Utd, Emirates Marketing Project and Chelsea that he will be competing with so I am pretty sure he would not have signed without reassurances.
We spent £22m on Son though, which left us at precisely zero net spend. Again. 16 windows in a row
Poch prefers working with young, low-ego, malleable players. Not the sort who cost much money. A big name would last about 2 days in Poch boot-camp before downing tools Ade/Kaboul style.
My point was that we don't put aside money to form a "transfer warchest". When our income rises we can obviously afford to spend more on downpayments and the cash up front will be covered through bank credit. I get that some enjoy this incomings vs outgoings book keeping, but it's ultimately a pointless exercise as it doesn't cover everything and very few deals are paid up front in their entirety.
I haven't smoked for 10 years, but it's not like I'm loaded with 'money not spent on sigarets'
My point was that we don't put aside money to form a "transfer warchest". When our income rises we can obviously afford to spend more on downpayments and the cash up front will be covered through bank credit. I get that some enjoy this incomings vs outgoings book keeping, but it's ultimately a pointless exercise as it doesn't cover everything and very few deals are paid up front in their entirety.
Yet the bid for Berahino came after we bought Son
I would also suggest that after as you put it, "precisely zero net spend. Again. 16 windows in a row" we should now be in a position to spend more cash now that we are in the CL. Besides I question if Potch would sign a new contract if each season will continue to be a net spend
Now is probably the time we are least capable of spending. 1/3 way through the biggest private construction project in the UK. Trying to secure £200-300m in bank loans, which will insist on intense financial restrictions (remember Arsenal's loans even went as far as stipulating Wenger had to remain their manager).
Poch is a coach. Coaching players to achieve is where he gets his kicks. Being a chequebook manager brings hollow reward. I think he's too young and too ambitious to go for that luxury yet.
Alternatively, Poch could improve players by coaching and at the same time bring in about 3-4 players that could improve our core strength. To believe the two ideals are mutually exclusive is extremely short sighted on your part.