Its bent as fuck. Its not my area of expertise, but I think the gist is that in paying extra for De Jong, whilst we'd be able to recognise it as an asset, its still actual cash out of the door. So its a debit against the P&L. Actual money spent, by way of an additional cost. Renewing contracts is a continuation of an existing cost, so it doesn't make your club 'more expensive' to run, and it allows you to show the value of that asset on your balance sheet.swampash wrote: ↑1 year agoI'm struggling a bit with this Joel - how does it fit with the earlier comment that having players, even crap ones, on the books "... means more 'capital' for the Glazers to borrow against." Seems to me they don't even understand their own business model, otherwise they would be happy to pay what it takes...??JoelfuckingGlazer wrote: ↑1 year ago We’re haggling over 10m. For our new Managers Priority number 1 signing. In our most depleted position. When we’re at our lower ebb for decades. In need of a massive squad overhaul. Days after our owners took a similar amount our in dividends.
Cancerous fucking leeches.
Dodgy as fuck. But then, you're talking about a group of people who bought the club with leveraged debt.
Cunts.