Heisenberg Posted May 24, 2021 Share Posted May 24, 2021 (edited) Edited July 2, 2021 by Kernow Title Link to comment Share on other sites More sharing options...
Duracell Posted May 24, 2021 Share Posted May 24, 2021 Really glad this story comes with such a helpful visual. It was unclear from the first sentence exactly what was happening but now I can see that Cardiff's plan is for him to leave Derby - hence the big red cross - and make a move to Cardiff, as referenced by the big green arrow, pointing to Cardiff City's badge. For those of you unsure what would happen next, he'd sign a contract with Cardiff, hence the cartoon image of a contract in the bottom left. 48 hours, Animal is a Ram, Anon and 4 others 7 Link to comment Share on other sites More sharing options...
chewbacca Posted May 24, 2021 Share Posted May 24, 2021 Ahh the Mick McCarthy connection, makes sense, remember him commentating on one of our games and he was waxing lyrical about Waggy, wouldn't be at all surprised! Link to comment Share on other sites More sharing options...
Ramarena Posted May 24, 2021 Share Posted May 24, 2021 I thought Waghorn and our other out of contract players had already all lined up deals months ago...........that’s why they couldn’t be bothered and explained why we were struggling??????? Link to comment Share on other sites More sharing options...
Spanish Posted May 24, 2021 Share Posted May 24, 2021 3 minutes ago, Ramarena said: I thought Waghorn and our other out of contract players had already all lined up deals months ago...........that’s why they couldn’t be bothered and explained why we were struggling??????? The slacker, should have had a hat trick on the final day Ramarena 1 Link to comment Share on other sites More sharing options...
EraniosSocks Posted May 24, 2021 Share Posted May 24, 2021 48 minutes ago, chewbacca said: Ahh the Mick McCarthy connection, makes sense, remember him commentating on one of our games and he was waxing lyrical about Waggy, wouldn't be at all surprised! Forest away or at home I think it was. Link to comment Share on other sites More sharing options...
Ambitious Posted May 24, 2021 Share Posted May 24, 2021 Good move for Waghorn. Wish him all the best! Link to comment Share on other sites More sharing options...
RoyMac5 Posted May 24, 2021 Share Posted May 24, 2021 Cardiff City news: Bluebirds plot move for Derby's Waghorn - Sources (footballinsider247.com) Quote A recruitment source has told Football Insider that Cardiff are monitoring Wahghorn’s situation while Derby are also keen to tie him down to a new deal. Link to comment Share on other sites More sharing options...
Sparkle Posted May 24, 2021 Share Posted May 24, 2021 (edited) Blindingly obvious link and probably true - whilst the money would be decent would he want to move down there if he has family? Edited May 24, 2021 by Sparkle Link to comment Share on other sites More sharing options...
Tyler Durden Posted May 24, 2021 Share Posted May 24, 2021 Another player leaving on a free after being signed for a horrendously inflated transfer fee. And people question why we are so much in the turd financially. taffyram, Finch, GangwayD and 3 others 3 2 1 Link to comment Share on other sites More sharing options...
Dean (hick) Saunders Posted May 24, 2021 Share Posted May 24, 2021 If last seasons form was all he has left then good riddance. Connor Salmon was better in all his time with us than Waggys last season. Link to comment Share on other sites More sharing options...
Jram Posted May 25, 2021 Share Posted May 25, 2021 I had to check the spelling of amortisation and my understanding of it isn’t much better but am I right in thinking a player leaving on a free who we bought for £5million would go down as a £5million loss in our accounts for this year? Or is better now they’ve made us change our practice? Link to comment Share on other sites More sharing options...
AndyinLiverpool Posted May 25, 2021 Share Posted May 25, 2021 15 hours ago, Sparkle said: Blindingly obvious link and probably true - whilst the money would be decent would he want to move down there if he has family? Why wouldn't he? Link to comment Share on other sites More sharing options...
Spanish Posted May 25, 2021 Share Posted May 25, 2021 1 hour ago, Jram said: I had to check the spelling of amortisation and my understanding of it isn’t much better but am I right in thinking a player leaving on a free who we bought for £5million would go down as a £5million loss in our accounts for this year? Or is better now they’ve made us change our practice? depends on the contract length and the method used. I guess a lot depends on the exact timings but roughly; EFL method - 5 year contract £1m loss in final year. they taken a £1m loss every year of the contract DCFC unique method. - Club estimates the sell on value as x and reduces the purchase price y over the period of the contract. We don't know what x is. Say if they think they will get £4m sell they will reduce it by £200k pa. Problem is when you get to the 4th year and haven't sold him the club would suffer a loss of £4.2m in the final year. The DC did a better version of this and is worth a read as it may provide a better understanding As for whether it is better now, you can see that if we had to recalc using the EFL method it would have significant negative impact in all but the final year of the contract. The final year would be a massive benefit trouble is I'm worried that this benefit arrives in the same year as the stadium sale Jram 1 Link to comment Share on other sites More sharing options...
Carnero Posted May 25, 2021 Share Posted May 25, 2021 21 minutes ago, Spanish said: DCFC unique method. - Club estimates the sell on value as x and reduces the purchase price y over the period of the contract. We don't know what x is. Say if they think they will get £4m sell they will reduce it by £200k pa. Problem is when you get to the 4th year and haven't sold him the club would suffer a loss of £4.2m in the final year. I don't think that's quite right, if DCFC think the transfer value with 1 year remaining is £4m then they'll have charged 4 x £250k over the first 4 years, then £4m in the final year. Link to comment Share on other sites More sharing options...
Spanish Posted May 25, 2021 Share Posted May 25, 2021 (edited) 3 minutes ago, Carnero said: I don't think that's quite right, if DCFC think the transfer value with 1 year remaining is £4m then they'll have charged 4 x £250k over the first 4 years, then £4m in the final year. hence why I said roughly for the explanation. I guess the key is the anniversary date of the contract and where that fits into the accounts date. The amortisation is also stated to be on a 6 monthly basis but none of this is documented so potentially there could be 2 adjustments in a year, devil is in the detail, which there is none Edited May 25, 2021 by Spanish Link to comment Share on other sites More sharing options...
RoyMac5 Posted May 25, 2021 Share Posted May 25, 2021 (edited) 39 minutes ago, Spanish said: DCFC unique method. - Club estimates the sell on value as x and reduces the purchase price y over the period of the contract. We don't know what x is. Say if they think they will get £4m sell they will reduce it by £200k pa. Problem is when you get to the 4th year and haven't sold him the club would suffer a loss of £4.2m in the final year. Makes you wonder why choose this method and then buy so many players with little resale value!? How do you prove the residual value of players that don't get sold but let their contract run out? Edited May 25, 2021 by RoyMac5 Link to comment Share on other sites More sharing options...
richinspain Posted May 25, 2021 Share Posted May 25, 2021 4 minutes ago, RoyMac5 said: Makes you wonder why choose this method and then buy so many players with little resale value!? How do you prove the residual value of players that don't get sold but let their contract run out? They all have resale value when we buy them. It's when they start playing for us that that resale value disappears. You only have to read the transfer threads when we sign a player. The vast majority are good signings, with only the freebies and lower league players being ridiculed. Unfortunately those are the only ones that have been remotely succesful either on the pitch or on resale. angieram, Rample and Will Hughes Hair 2 1 Link to comment Share on other sites More sharing options...
angieram Posted May 25, 2021 Share Posted May 25, 2021 1 minute ago, richinspain said: They all have resale value when we buy them. It's when they start playing for us that that resale value disappears. You only have to read the transfer threads when we sign a player. The vast majority are good signings, with only the freebies and lower league players being ridiculed. Unfortunately those are the only ones that have been remotely succesful either on the pitch or on resale. Yes, we need to either sell when we're playing well, or buy cheaper players. BTW, can anyone else see anything on @Heisenberg's post? All I see is a blank space. Link to comment Share on other sites More sharing options...
Spanish Posted May 25, 2021 Share Posted May 25, 2021 9 minutes ago, RoyMac5 said: Makes you wonder why choose this method and then buy so many players with little resale value!? How do you prove the residual value of players that don't get sold but let their contract run out? 1 minute ago, richinspain said: They all have resale value when we buy them. It's when they start playing for us that that resale value disappears. You only have to read the transfer threads when we sign a player. The vast majority are good signings, with only the freebies and lower league players being ridiculed. Unfortunately those are the only ones that have been remotely succesful either on the pitch or on resale. However, when you run a business your corporate governance should reflect your experiences. ERV is a sound method but it is ducking risky. 2 parts of our recruitment process that seem s dodgy the recruitment and the sale before the contract ends. Shambolic Link to comment Share on other sites More sharing options...
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