Summer Transfer Speculation and Shit

[Niall_Quinn]

So the board and now the manager are outright lying when they say there is substantial money to spend? What do you mean the money is set against the mortgage? In fact the wife can spend some of the money in the post office account provided her old man brings in more at later dates when mortgage repayments fall due. He doesn't have to keep the whole value of the mortgage on account. We've seen profits from player sales, income from property, enhanced commercial deals some of which are front loaded, receipts from participation in the Champions League, merchandising revenues and huge gate receipts. I hear the club has some £72mill sitting in government bonds. If they can't rustle up some of this to improve the team then they are fundamentally misunderstanding the nature of the business they are in. The finances revolve around the football, they seem to think the opposite, finances first and foremost then some football if it can be afforded. The place is run more like a pension fund than a sporting enterprise.

[Penguin]

If board was lying about our transfer funds, the only things they succeeded in doing was weakening our negotiating position for transfers and pissing off the fans.

[KSE Comedy Club]

The AST looked into the financials themselves and stated that thy estimate we have aroun £180m in cash reserves.

That money is there to be used for transfers and nothing to do with paying off the mortgage.

It's actually getting quite tiresome hearing people make out we have no money or very little when the fact is we are now one of the richest self made clubs in the world, (ie without the billionaire sugar daddy pumping money in)

[Munchies]

Lets go for Ben Arfa

[She Wore A Yellow Ribbon]

wont he just be another nasri? Another moody git who'll throw a strop in a year

[Munchies]

wont he just be another nasri? Another moody git who'll throw a strop in a year

Tbf to him, he's managed to last 2 years (and counting) at Newcastle , who aren't exactly doing too well and has been fairly quiet

[Özim]

Lets go for Ben Arfa

Would cost £25 million now judging by Newcastle's valuations.

[AKBapologist]

We've got money, hell, we've got the credit rating to load up another 100mill on top of cash we could spend so it's not an issue.

[Master Splinter]

Ben Arfa has about three half-decent games a season, in which he scores a spectacular goal.

Other than that, he's non-existent.

There's a reason a player with his talent is slumming it at Newcastle.

[The Emirates Gallactico]

That cash reserves thing is tiresome. It's about 100 mill set vs the 260mill stadium mortgage. It's not free cash to spend on players

A bit like having money in a post office account because you can't throw it at the mortgage due to early repayment charges.

I'd it's not there for your wife to burn on a new kitchen or holiday.

But as we can't pay of the stadium early what's the point in keeping this money tied up in an account then? As NQ points out, we'll still be earning money in the future that can be used to pay of the stadium. We don't need to reserve a large portion in a bank account for that right now.

With the new mega sponsorship deals we've been waiting years for, we'll be able to break even from a solely football business p.o.v without requiring player sales, which to be fair has been the case the past few seasons. Besides football is no different to any other business - you have to speculate to accumulate. If we invested in the squad and as a result competed for the league, won some trophies and improved our reputation globally we'd automatically generate more revenue through increased commercial sponsorship, fan merchandise and prize money. See Man United.

It's more like a millionaire having a substantial post office savings account refusing to dip into it despite being informed that the foundations of his house are perilously close to collapsing without some immediate work done to it.