What's new

The Daily ITK Discussion Thread - The Pinball Wizard on DEADLINE DAY!

Status
Not open for further replies.
McFlash

McFlash

In the corner, eating crayons.
Oct 19, 2005
12,875
46,002
jurgen said:
Levy failing to fill holes in the squad and leaving it until a summer splurge that never comes is a narrative we've seen so many times even Marvel Studios would find it a bit tired.
Click to expand...
To be fair, I would say that every team is one injury away from having a massive hole in their squad. That's football.
 
daryl hannah

daryl hannah

Berry Berry Calm
Sep 1, 2014
2,674
7,717
Hercules said:
LISTEN OUT PLEASE!

we are heavily governed by our banks, and the credit we already drawn down, and have with them. Reality is; we will spend sensibly. We have auditors etc, under agreement watching how we spend every penny. The bank want to protect their asset, which is the stadium. Unless we have an investor to come in, pay off everything, we have to be creative and frugal. I rather that than false hopes. So don’t expect summer to see us rack up 150m in purchases Net spend. We thought we would of had more sponsors:naming rights etc.

I don’t like it, but that is how it is.

EDITED: Nett spend of 150m. Should say can’t see us spending 150m, unless there is couple sails, new investment etc. Opinion
Click to expand...

This financials talk is Effed Up. Do we really have to wait 25/30 years to pay the stadium off before we can loosen the purse strings and be competitive?

I'll be dead!

We pay premium prices for inferior product.
 
Finchyid

Finchyid

Well-Known Member
Jun 27, 2017
3,780
11,982
SSC said:
Have any of the ITK who said Bale discussions were on today said they’re over? Not saying I have much hope at all but makes sense they’d say if the door had been shut.
Click to expand...

Lol its over...unless you read the reports that a plane is heading to london which apparently has an injured bale in it who is t in the Real squad !!!
 
El Cakey

El Cakey

Active Member
Aug 25, 2019
41
101
Much better golf courses in the UK than Spain. Surely a Sunningdale membership needs to be in DL's back pocket to close this one
 
daryl hannah

daryl hannah

Berry Berry Calm
Sep 1, 2014
2,674
7,717
Hercules said:
LISTEN OUT PLEASE!

we are heavily governed by our banks, and the credit we already drawn down, and have with them. Reality is; we will spend sensibly. We have auditors etc, under agreement watching how we spend every penny. The bank want to protect their asset, which is the stadium. Unless we have an investor to come in, pay off everything, we have to be creative and frugal. I rather that than false hopes. So don’t expect summer to see us rack up 150m in purchases Net spend. We thought we would of had more sponsors:naming rights etc.

I don’t like it, but that is how it is.

EDITED: Nett spend of 150m. Should say can’t see us spending 150m, unless there is couple sails, new investment etc. Opinion
Click to expand...
And yet we were constantly being fed the line that "the stadium would not affect transfers."
 
hutchiniho

hutchiniho

Top Cat
Mar 19, 2006
4,679
5,935
I can’t believe we still haven’t landed any stadium sponsors.
That has to be on Levy
Summer transfer window not sounding like we’ll be looking to hit the home runs either.
Can’t be surprised tho I guess, we’ve repeated been fed the creative accountancy lines.
Ahhhh well!
 
Last edited:
McFlash

McFlash

In the corner, eating crayons.
Oct 19, 2005
12,875
46,002
daryl hannah said:
And yet we were constantly being fed the line that "the stadium would not affect transfers."
Click to expand...
Well, when you look at this and the last window, compared to the previous few, it hasn't.
If anything we've spent more than usual.
 
spurslenny

spurslenny

I hate football
Nov 24, 2006
7,544
6,537
I feel compelled to say something but I've a feeling it's been said at the end of virtually every transfer window since about 2010
 
loaderspurs

loaderspurs

Well-Known Member
May 21, 2012
576
1,498
QuasiModo80 said:
To have covenants related to not loaning players with obligation to buy would be very surprising. To have covenants related to minimum available cash, minimum equity ratio etc, is common. As you say it is very likely that an obligation to buy would need to be recorded as debt in the balance sheet, and thus would have an effect on equity ratio.

That said, if we are so close to breach our financial covenant when it comes to equity ratio, that we cannot loan a Willian Jose with an obligation to buy at lets say 25 mill, then our financial position is really weak...
Click to expand...
As you say, the covenants will be in relation to finance, not a bar on loans, it's all about recording the debt (or not) on the books.

Considering the level of debt the club has in relation to the stadium, the amount of cash in bank/liquid assets will undoubtedly need to be maintained at a pretty high level. Adding 25m to the short term debts (obligation to buy within 6 months) will have a significant impact on this ratio. Not equivalent to saying it would bankrupt us or we couldnt afford it, just chances are it would lead to a breach of the covenant. Anyway enough said about that as clearly some people don't like the finance talk, just thought I'd share the benefits of my experience.

Apologies A&C, will derail the thread no further!
 
Trix

Trix

Well-Known Member
Jul 29, 2004
19,507
330,399
jurgen said:
Levy failing to fill holes in the squad and leaving it until a summer splurge that never comes is a narrative we've seen so many times even Marvel Studios would find it a bit tired.
Click to expand...
To be fair we have now brought in 5 players over the last 2 windows. We should have bought a striker this window, no question imo but we are buying again, which is a huge improvement on last year.

If some are ungettable, and Jose isn't keen on some that's the way it is. He is definitely not a manager that will play a player he doesn't fancy. So that cash is just wasted.

The summer was always going to be the time we see if Jose will be backed or not.

Guess we will have to see.
 
Gbspurs

Gbspurs

Gatekeeper for debates, King of the plonkers
Jan 27, 2011
26,971
61,861
Snarfalicious said:
Don't know about you guys, but I can't wait for the summer now; everything will be different this time!

How long until we get a Summer Transfer Wishlist thread started?!
Click to expand...

What will be different is that after 4 months of watching us play without a striker Jose will be banging down Palace's door for Benteke.
 
The Legend of Tanguy

The Legend of Tanguy

Well-Known Member
Jun 18, 2019
111
853
As a precursor, I would love to bring in a striker today. But with that said, everyone clamoring on about how we haven't spent any money this window are losing it. We've spent ~ €60 million this window already, which may be the most in the PL. Bergwijn was over €30m and making Lo Celso permanent was like another €25m-€30m (feel like people forget this one). Would it have been better to spend the Bergwijn money on a makeshift overpriced striker for 4 months? I say no. The Bergwijn and Lo Celso deals were amazing value and great business, both for now and for the future. Hope we can get in one more, but I'm not going to lose my shit over it.
 
Last edited:
Mr Pink

Mr Pink

SC Supporter
Aug 25, 2010
55,121
100,207
Nothing ever remotely exciting happens on deadline day ?
Thank God the footie is back!
 
Status
Not open for further replies.

Similar threads

Archibald&Crooks
  • Locked
  • Sticky
The Daily ITK Discussion Thread - The day Dragusin arrived - 10th January
17 18 19
Replies
367
Views
244K
Ghost Hardware
Ghost Hardware
Archibald&Crooks
  • Locked
The Deadline Day ITK Discussion Thread - 1st September
120 121 122
Replies
2K
Views
502K
spursville
S
Archibald&Crooks
  • Sticky
The Daily ITK Discussion Thread - 31st January
9 10 11
Replies
207
Views
86K
funkycoldmedina
funkycoldmedina
Top