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No, if we sell him for £20m we have to give that and £4m more to Newcastle. We'll be £10m out of pocket.If we bring in £20m and don't have to pay a sell-on fee then £14m profit is excellent and can be used well.
It's not his fault that we payed too much for him. He's an ok squad player, but not A-team material imo.
No, if we sell him for £20m we have to give that and £4m more to Newcastle. We'll be £10m out of pocket.
We are paying £30m over 5 years, hence the "We only paid £6m" line, which of course means "only paid £6m so far".
If you buy a car with an interest free loan for £30,000, pay back £6,000 over the first year then sell the car for £20,000, you don't get to pocket that, the outstanding sum still has to be repaid.
Or do people think that in effect we're renting a player valued at £30m for £6m a year, when they had firm offers at or near the whole sum from other clubs?
I'm going to try putting this into practice, sell my house but not repay the mortgage. I wonder if my bank will be as understanding as people think Newcastle are
Re: fee.... What's done is done, but his mere presence is a detriment to our squad depth and a tragic drain on our wage bill.
All this talk of pressure, confidence etc, yet no discernable signs of graft?
Winks, GKN, Onomah and Lesniak have all put him to shame this year...
Just feels to me like we bought a lackadaisical player that doesn't know what it means to dig in, raise their game etc.
It's not his fault that we payed too much for him. He's an ok squad player, but not A-team material imo.
Dunno Mr T ain't getting any younger
You're an old softy CJJ. Always fighting the underdog's corner - fair play.Didn't look too bad today, grabbed an assist.
Annoyingly he looked improved enough to make me feel a bit sad if he leaves in the summer, almost like he's on the precipice of coming good. That's sentimentality for you.
You're an old softy CJJ. Always fighting the underdog's corner - fair play.
It's alright, we're all Goonies mateIt's what happens when you grow up as a young kid in the 80s. Every fucking film was about not giving upon the underdog. It's ruined me ochfacepalm:
Phew
€25m - I'd bite their hand off for that. The £30m is sunk cost - forget about that investment; it's gone.still can't see us parting with £30m and selling him for a loss 12 months later. We take our time over transfers...
In our balance sheet we devalue the cost of transfer fees over the period. Therefore 30m over 5 years is 6m a year making him worth 24m now. Therefore sell for 25m is 1m profit as far as Levy and the board look at it. there has to be a value to his year here above his earnings as I cannot recall him losing any of our points although I also cannot recall him helping winning points.€25m - I'd bite their hand off for that. The £30m is sunk cost - forget about that investment; it's gone.
€25m - I'd bite their hand off for that. The £30m is sunk cost - forget about that investment; it's gone.