Amortization makes it a good thing... or something like that
Transfer Tweets - Manchester United - 2024/25
- Thread starter mazhar13
- Start date
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In the latest episode of the United Hour Podcast, Nik (@Rood) and Jamie (@Vault Dweller) are here to celebrate rare back-to-back victories for Manchester United! They analyse the late win in the Europa League vs. Rangers and then try and find things to analyse in a pretty dour game vs. Fulham. They also chat about the latest Marcus Rashford news, and look at the latest transfer news.
I was hoping they’d all be on the same page for once, but this could be the first sign of cracks beginning to show.
If we sign Nkunku, I can guarantee he’ll be spending time in the physio room with his ex teammate Mount.
It's Luckhurst.
That would be classic United: trying to negotiate a transfer with a club before even agreeing personal terms or at least getting an indication of interest from the player
Unfortunately, ignorance never stops football “journalists” from commenting on things and the vast majority of people have zero familiarity with reading financial statements, so they’ll just eat it up. I would say Goldbridge may know that and be exactly why he’s said it’s but I don’t think he’s that smart. Like you said, the real number is still bad, but over representing it by >50% is egregiously misleading, whether out of ignorance or intentional.This tweet is just stupid. Anyone who thinks "finance costs" on the P&L statement equals interest expeses has no business commenting on anything about financials.
These are our real interest expenses from the last 3 years.
It's still very bad but nowhere near as bad as that tweet makes it out to be
Exactly, he's a sh** stirrer.
Fair enough. I’m guessing he has no sources at the club? I thought he was once well connected with United?
I don't think he is anymore, nowadays he just tries his luck.
He still has his sources, and it's not like he's reporting anything wildly speculative, but in the past year or so, his reports aren't being corroborated as much. So far, there hasn't been any outright denial of anything that he's reported up to now, but I do think his sources are becoming less reliable over time.
If Nkunku is leaving for a reasonable fee (under 50m) then he is going to Bayern.
Yes - hence the stupidity of what I pointed out in my post
Brent is a dick but he's correct on this, the Glazers have been bleeding us for years.
Aww...I hope his baby makes it to full-term
Pretty much what @mazhar13 said. He's definitely had sources as he's broken a few decent stories over the years (Varane was probably his finest moment) but it does seem like he's been in decline recently. He got the Amrabat transfer laughably wrong. He's also extremely negative and an notorious shit stirrer.
Tier 2:
I'm honestly giving it a few more days before I, personally, take Luckhurst's own reports less seriously and group him with Steinberg. On the bright side, at least he's not as bad as Jamie Jackson.
Nkuku plus £40m and it’s a deal
It does if it's framed as two separate transactions. That way, we get to record Garnacho's sale as a full profit, whilst Nkunku's transfer fee is amortised over the duration of his contract. Of course, this will only matter if both clubs accept this and Nkunku himself chooses United over Bayern Munich.
Source (Tier 1):
Adeyemi isn't willing to leave until June. Napoli want to find an agreement with the player and his camp before convincing United to lower their demands.
As Romano reaffirms, Chelsea haven't even advanced on Garnacho.
My feeling is that I am witnessing some kinda the most stupidest operation in this club’s history.
Spot on, people just don’t want to admit that it all boils down to the Glazers bleeding the club dry for decades.
Worst team for generations, and yet we've done nothing. Not quite the impression Sir Jim wanted to make. Even the random shit inks for clicks brigade aren't bothering anymore...
Depends what you mean by nothing. In the summer our gross and net spend is yet again one of the highest in the league. We spend money just hopelessly bad at spending it.
Garnacho for Nkunku without it enabling us to sign another 2 or so players would be absolutely ridiculous.
We won't breach PSR this year given we sold McTominay and Greenwood who are both academy products. I'd rather just take the 12-16th finish as we're not achieving anything this season.
We won't breach PSR this year given we sold McTominay and Greenwood who are both academy products. I'd rather just take the 12-16th finish as we're not achieving anything this season.
So basically, journos put 2 and 2 together and got 5, just because we said to be kept informed, they have jumped to serious discussions.
I think so too. Makes no bloody sense.
No, what's mad is that people actually think this.
Selling an academy player for £50M frees up... £50M. Not £250M.
You're thinking because transfers-in can be amortized over 5 years, the amortized cost will only be £50m. That's correct, but selling Garnacho only boosts revenues in the current year. With your strategy, we'll have £50M in extra costs in 2029 and 2030, but no extra increase in revenue. So we'll have to cut costs by £50M in order to comply with PSR.
A pound is a pound for PSR. It is a widespread myth that somehow selling academy players is this golden goose. Short-sighted clubs (hopefully not us) can use it to temporarily boost spending, but at the end of the day you have to account for all your costs.
That's Sky Sports sensationalism for you. Even the good journalists can't escape it.
That's not contradictory. I'm happy with my current car but if the possibility of a new one presented itself I'd still look into it.
But he doesn't say that, you made up the 2nd part.
Does he need to say it? It's clear Chelsea are interested.
It's clear because some no mark hack said so? Yet he started on Thursday and didn't look like a player who wants out, quite the opposite, in fact. Looked more motivated than ever.
Not exactly though. You’d expect revenues to increase over a 5-year period whether that’s new tv deals or other forms of income.
The point of an academy sale is it does allow you to make that investment now and then curtail it later or you have to find a solution down the line.
If you do bring in the 4-5 players and amortise their contracts you’d hope that by doing it now they grow together and form a team instead of having to wait to do one player each year. Chelsea are already seeing the benefit of this. Jackson, Palmer, Caicedo etc are already more settled and gelling 18-months after being invested in.
As a result Chelsea didn’t have to make as much investment in the summer or moving forward and if they qualify for the CL their revenues increase massively along with more prize money from the PL for finishing higher.
It's not some no mark hack though, some of the more reputable journos have reported their interest too.
Not really sure what the rest of your post has to do with anything, I never said anything about Garnacho wanting to leave or United wanting to sell.