Another closet accountant. So our entire squad is valued at £339m? Shut the door on the way out
Times: Finding buyers for the dead wood is Manchester United’s biggest challenge this window
- Thread starter #07
- Start date
Another closet accountant. So our entire squad is valued at £339m? Shut the door on the way out
Manchester United Player Wages & Contracts 2020
could we please stop using made up paper to knock club its pathetic
| PLAYER | AGE | WEEKLY WAGE | CONTRACT LEFT |
| David de Gea (New Deal) | 28 | £300,000 | 4 Years (2023) |
| Sergio Romero | 32 | £50,000 | 2 Years (2021) |
| Lee Grant | 36 | £20,000 | Last Year (2020) |
| Joel Pereira | 21 | £10,000 | 2 Years (2021) |
| Marcos Rojo | 29 | £80,000 | 2 Years (2021) |
| Phil Jones (New Deal) | 27 | £50,000 | 4 Years (2023) |
| Chris Smalling (on loan) | 29 | £80,000 | 4 Years (2023) |
| Eric Bailly | 25 | £75,000 | Last Year (2020) |
| Victor Lindelof (New Deal) | 25 | £75,000 | 5 Years (2024) |
| Harry Maguaire | 26 | £150,000 | 6 Years (2025) |
| Luke Shaw | 24 | £70,000 | 4 Years (2023) |
| Ashley Young | 34 | £110,000 | Last year (2020) |
| Axel Tuanzebe | 20 | £15,000 | 3 Years (2022) |
| Wan Bissaka | 21 | £60,000 | 5 Years (2024) |
| Diogo Dalot | 20 | £40,000 | 4 Years (2023) |
| Fred | 25 | £120,000 | 4 Years (2023) |
| Namanja Matic | 31 | £120,000 | Last Year (2020) |
| Andreas Pereira | 23 | £45,000 | 4 Years (2023) |
| Daniel James | 21 | £45,000 | 4 Years (2023) |
| Juan Mata (New Deal) | 31 | £120,000 | 2 Years(2021) |
| Tim Fosu-Mensah | 21 | £15,000 | Last Year (2020) |
| Jesse Lingard | 26 | £50,000 | 2 Years (2021) |
| Paul Pogba | 26 | £290,000 | 3 Years (2021) |
| Scott McTominay | 22 | £60,000 | 4 Years (2023) |
| Anthony Martial | 23 | £75,000 | 4 Years (2023) |
| Alexis Sanchez (On Loan) | 30 | £350,000 | 3 Years (2022) |
| Marcus Rashford | 22 | £150,000 | 4 Years (2023) |
| Mason Greenwood | 18 | £15,000 | 4 Years (2023) |
could we please stop using made up paper to knock club its pathetic
What are those?
Best true figures I can find for wages, some changes and some players have left but closer than most constantly quoted like lingered at £100,000 / week
I would too for £100k
Why do you trust them as true? Our wage bill well over £300m, it will include other staff but the above is nowhere near that.
Lingard 'could earn' £100k a week:
https://www.bbc.co.uk/sport/football/39518118
Can I ask where you got these figures from? They’re a bit lower than what the papers would have you believe
The registration of the asset is when you acquire it. If you dont register it you cant amortise it (spread the cost over several financial years) and it’s also not reflected in the value of your company. For example, if we spent 150m on a fee, wage and agent fees Package for Jadon Sancho, we would then register the asset Value ( what he is worth) against the company (club) to improve the balance sheet (Liabilities +equity) and then amortise the whole Initial purchase cost across the length of his contract to spread the ‘cost’ across Several years. Accounting in this way means we get to add his transfer value onto our equity at the same time we lose the capital in paying for his transfer fee and thus in this ‘paper transaction’ we both lose and gain his transfer value.
Otherwise we would have to post a loss of £150m Under operating costs against a single trade In one financial year. Imagine doing that for several players? Can you imagine a company owning millions of pounds worth of properties but not registering any of them as assets and equity and And trading purely on incomings and outgoings?
Assets are either tangible or intangible. We actually have 1.9 billion in intagibles on second read.
You can read figures but you dont have a Scooby what they mean. The player registrations you refer to is the sum of current amortised transfer fees, i.e how much money has been spent on transfer fees and booked on the balance sheet but is being dispersed over the assets operational life.
I’d hoped to avoid explaining by simply highlighting the stupidity of your own post. The idea that the whole squad is worth that much should have kicked your brain into figuring out that the figure you read was not right in terms of value of playing squad but I guess there are always people out there lacking in basic common sense and IQ. Bye now.
Last edited:
If Martial earns that little he has a shitty agent.
Earning half of what Rashford picks up while being better and a year older. While earning the same as Lindelof.
I doubt Leeds we’re offering anywhere near 45k for James so did we really need to accept that for him? Mental figure for a young player from the championship. We’re awfully run.
Show me anywhere in the 2019 accounts which says we have £1.9bn in intangible assets Mr High IQ.
What a shit page of this thread. We don’t release individual salaries for players - so none of these figures are correct. Some clearly might be in the right ballpark, but it’s guesswork. And seems like a silly exercise to embark on.
Last edited:
You say that but a lot of these are way off
A lot of the reporting of the wages players earn includes bonuses. And our squad players are not playing enough to trigger those.
Its reported that we have got players up for sale but there was simply was no interest in Jesse Lingard, Phil Jones, Andreas Pereira and Marcos Rojo. This is our stumbling block. Jones will never play again yet has another 4 years on his contract. All the others have a year, but you just know Woody will give some if not all another contract. We should just let them go on a free, because if no one wants to pay for them now, they aint gonna want to in 12months time. Probably save £300k a week as well.
I trust them better than most because of the source who provided the original list. It is not up to date obviously but more accurate than those quoted in press. As I understand it these are all bottom line wages and include no bonuses at all. Staff wages in accounts include everyone and everything.
Turn to F-1 on the consolidated balance sheet. Intagible assets are at 768,857 thousand with the old abbreviation of £’000, i.e. 768,857,000. Quite close to what reliable sources like transfermarkt and transfer room value our squad at, though i daresay we hold some other common intangibles like logos and licences.
The player registration you refer to is the amount of transfer fees that are currently amortised, because the club want to get them off the balance sheet and onto the income statement, then write the transfer fee off over several years as an expense.
Should have started looking for buyers for these players 5 years ago, pretty sure we would have found some. We just plain suck at selling. For example if the interest in James was real from Leeds, we should have sold him but for some reason the club (and a big part of fans) feel they must give everyone at least 10 years before trying to sell.
When some overrated or mediocre player learns that we want to sign him, they must feel like winning a jackpot as you have a guaranteed 10 year contract with massive salary, doesn't matter how you perform. Absolutely no pressure to get better, you get rewarded with new improved contracts anyway.
When some overrated or mediocre player learns that we want to sign him, they must feel like winning a jackpot as you have a guaranteed 10 year contract with massive salary, doesn't matter how you perform. Absolutely no pressure to get better, you get rewarded with new improved contracts anyway.
Pretty much. Jones hasnt ever really been good or fit enough but has been here a decade. The contract extensions for him and Rojo in recent years were ridiculous. We’ve just done it again with Matic - 3 year contract extension, which i think considering his age and form (though He was very good after lockdown, seems to get worse when played often) seems too much
Not a chance Jones is only on £50k.
You say that but a lot of these are way off
Some of the ages are off as well, even allowing for a time lapse.
Hell fecking no. That ain’t right. At all. Not sure where you got those numbers but those aren’t updated for current contracts.
It's not £1.9bn though and has nothing to do with transfermarkt values. If all of our players had come through the academy then intangibles relating to player registrations would be nil.
I don't need explaining how it works thanks. It's not because 'the club wants to get them off the balance sheet' it's just the standard accounting practice for player registrations in football.
If all of them had come from the academy they Would still have a value. E.g. greenwood and rashford have no value then? Up for free transfer? Are you a fool?
You still dont get it - the ‘player registrations’ is the sum of all the transfer fees in amortisation for players we are still turning the cost into expense on, NOT the value of the playing squad.
The player registrations have nothing to do with intangibles - the registrations are amortised debt, a spread negative carry, and the intangibles are assets, positive equity. You’ve just described debt as an asset??????
I cant really explain it any more than i have and cant really be bothered.
You seem to be one of these people who is the horrible mixture of wrong, stupid and stubborn. I’ll simplify it more:
Either,
A) theres a £400m blackhole in our accounts due to over valuation of our playing squad and no one, noT the accountant, the auditors, the board can see it, the only person in the world who can is you,
Or,
B) you are wrong.
Stew it over
What a load of nonsense that has nothing to do with anything I've written.
Where is the value for Rashford is on the balance sheet then?
I see you've had to go and edit your last post but still left this belter in. Where do you get this from?
Educate yourself on pages 131-133 of the 2019 annual report and come back to me.
https://ir.manutd.com/financial-information/annual-reports/2019.aspx
Exactly
Its not nonsense, you just dont understand. You insisted the squad is worth 339m. For about the 15th time, Rashfords value is within the approx 760m of intangible assets. They dont list them individually. He’s valued at 72m on transfermarkt. They value our squad at Approx 720m, and if you watch through the years it closely correlates with our intangible values on accounts but is always slightly less because as i said before, we have other intangible assets as well as playing staff.
The 1.9 came from an assumption that a figure in one of the notes was also in the ‘000 format on a skim through. That was Simply a mistake. We have 1.46bn in assets.
Pages 131-133 basically say what i am saying, there are 339m of amortized transfer fees which will decrease by about 130 over this year as they are Moved over to expenses. It also says, though you obviously Read and couldn't comprehend,
‘ No single person will be separated from the cash generating unit’ which is why as i said, there is no separate value for Rashford, but he is an intangible asset.
The value of the squad on the market or even an estimate is nowhere within the accounting statements. You have no idea what you are talking about.
If we sold Rashford tomorrow for £100m it would go down as £100m profit because he has no value on the balance sheet. If we sold Van De Beek for £60m it would be around £20m (£60m - £40m).
Goodwill makes up £421m of the £769m intangibles you mention. Read up on what that is.
To accuse me of reading and not being able to comprehend when you 'made the mistake' of reading a £1.9m figure of software development etc. as £1.9bn mainly relating to valuation of players is laughable.
Last edited:
The biggest failure is those feckers who couldn’t sell our players. We have in total 32 players first team and only 3 of them are below 21 years old. It means we need to register 29 but the number allowance is 25. We need to sell or get rid 6 first in order to add 2.
Thats really not how it works. Why would Jones leave for 30% of his wages, he has a contract, if we want him to leave we have to pay him his whole wages or find someone willing to buy him, and pay him what he earns now. Good luck with both those.
If you remember with Sanchez we paid him alot of money to go, probably a lot of the difference.
The fee is never the problem here, they have to want to go, and find someone willing to pay their wages, at the same level as they have now.
Well well well, who would have thought that nobody would want to buy Jones while he earns 100k a week or Rojo while he gets probably the same while doing feck all. Same goes to the entire of squad sadly, the ones that are good enough are paid like CL established players, while the Championship level players earn more money than some of our Liverpool starting players. Welcome to Manchester United under Woodward management and his pals.
Glorious window this has been. On both the selling and buying side of things.
Jones is at 75k.
Only 73k too much then.
I think this is correct. IAS 38 talks about self-developed intangible assets, but there are strict rules when such costs are allowed to (or must be) capitalized. Like eg.g. research costs must not be capitalized, development costs have to be capitalized.
However, even if this was the case only our costs we paid for Rashford would end up within the intangible assets.
It is different with purchased players where you capitalize the purchase price plus all sorts of related costs. If there are any reasons for impairment (market value has gone down) there would be a PL related correction. Selling players from our academy for good prices would also lead to positive PL effects.
Just in case someone has too much free time here is an interesting artcicle:
https://www.pwc.com/gx/en/audit-ser...cal-transactions-in-the-football-industry.pdf
Btw a poor performance by one single player would not lead to an impairment as like Jezpeza said the cash generating unit is the sqad as a whole. Based on how poor our transfer policy has been the past years there surely needs to be booked some kind of impairment for our purchased players.
Or our auditors have not watched us play regularly.
Our wage structure is absolute shambles. Nobody is going to take players like Jones, Rojo, Lingard, Mata etc.
And we really messed things up big time by giving long term contracts to 2 keepers worth something like 25 Mio a year. No idea how we could ever get out of this.
And we really messed things up big time by giving long term contracts to 2 keepers worth something like 25 Mio a year. No idea how we could ever get out of this.
It depends. Jones is 28 and by the time his contract ends he will be a 31 years old player who probably has played 5 games per year and will probably be in a difficult position to find a new club with a decent contract then. However, If he accepts a compensation of around 30% of his wages (realistically, it may be even up to 50%), he can find a new club with another 3 years contract. His wages would be lesser or equal to 50% of want he receives now. In a short run of 3 years he may receive 5-10% less than if he had stayed here. The difference is that in another team he would play (not when injured), his mistakes would not be highlighted and he may be able to find a new club at 31 with a decent contract. Thus, in the long run he will receive more money. Of course, he may end up unemployed after a year etc. So, it is up to the player's ambition, self determination, luck (especially with Jones). Another, way is of course to offer him for free and pay again a big amount of his contract, thus making sure to the player that he will at least receive his current contract by the two teams combined (e.g. us paying the 50% of his wages).
I'm not sure about the fee not being a problem. Reports claim that we demand too much for some of our deadwood.
Pereira and Smalling seem to be on their way out. Romero and Rojo have one year left on their contract so will probably leave for free next summer. Jones though, he'll never leave with contract until 2023 and constant injuries
Pereira and Smalling seem to be on their way out. Romero and Rojo have one year left on their contract so will probably leave for free next summer. Jones though, he'll never leave with contract until 2023 and constant injuries
Personally think the best we can sell this week is 5 but most likely to be 3