braineclipse
Steve Sedgley
Re: Andre Villas-Boas - Head Coach
To be honest I'm not sure.
First off all it's the whole player amortization thing going on where previous transfers in are in there too depending on the length of their contracts.
I'm guessing that agent fees are in there (nothing more than a guess), we've seen that be as high as around £10m in previous years when we've released more detailed data. This is something that is often overlooked when fees are discussed.
Then there's the point that the financial year doesn't match up with the transfer windows, it ends on the 30th of July iirc. So it won't match up with the "by season" net spend figures based on press speculation.
There might also be stuff like bonuses or sign on fees for new contracts, although I have no clue.
My point though is that when these reports are being released it's not like we're making a massive profit each year that Levy is spending on Pina Coladas with Lewis in the Bahamas or that he's keeping in some WHL vault to roll around in wearing a thong and flip-flops.
What is "football trading"? Player buys and sales?
In 11/12 we signed £8m worth of players and sold £35m :-k
To be honest I'm not sure.
First off all it's the whole player amortization thing going on where previous transfers in are in there too depending on the length of their contracts.
I'm guessing that agent fees are in there (nothing more than a guess), we've seen that be as high as around £10m in previous years when we've released more detailed data. This is something that is often overlooked when fees are discussed.
Then there's the point that the financial year doesn't match up with the transfer windows, it ends on the 30th of July iirc. So it won't match up with the "by season" net spend figures based on press speculation.
There might also be stuff like bonuses or sign on fees for new contracts, although I have no clue.
My point though is that when these reports are being released it's not like we're making a massive profit each year that Levy is spending on Pina Coladas with Lewis in the Bahamas or that he's keeping in some WHL vault to roll around in wearing a thong and flip-flops.