posted 4 days, 19 hours ago
There may well b something going on behind the scenes resulting in a bit of a cash injection for the club.
I'm really looking forward to the season. Bring on the big games early doors. Hopefully we can surprise a few people and put a fair few points on the board.
posted 4 days, 17 hours ago
May just be we are out of Europe so their more stringent FFP rules are gone? It was given as the reason Chelsea went all out transfer wise when they were out of the league.
posted 4 days, 17 hours ago
I just read Isco is out for 3 months for Betis. Maybe this can help us move on Antony as they have even more need for offensive quality. They have the money to get him having made quite a bit in sales and clearly want him.
posted 4 days, 16 hours ago
There may well b something going on behind the scenes resulting in a bit of a cash injection for the club.
—
Dodgy dealings? Have we found a copy of the Liverpool playbook?
posted 4 days, 16 hours ago
Tbf Liverpool have made £140m this summer from selling 3 players which is £140m more than we’ve made from selling players.
posted 4 days, 13 hours ago
comment by manutd1982 (U6633)
posted 2 hours, 59 minutes ago
Tbf Liverpool have made £140m this summer from selling 3 players which is £140m more than we’ve made from selling players.
----------------------------------------------------------------------
We’ve made a shiiiiitload of money from other clubs selling our ex-players though #7Dchess
posted 4 days, 12 hours ago
Rosso
Tbf we are the champions of resale profits and wages saved from loans this summer.
posted 4 days, 11 hours ago
I think the structure of the payments associated with the signings may be the key here. If the signings are paid in installments, then that's how it's been done.
The structure of the payments may be the key here.
posted 4 days, 11 hours ago
comment by manutd1982 (U6633)
posted 1 hour, 6 minutes ago
Rosso
Tbf we are the champions of resale profits and wages saved from loans this summer.
----------------------------------------------------------------------
Name on the trophy
posted 4 days, 11 hours ago
comment by ManUtdDaredevil (U9612)
posted 41 minutes ago
I think the structure of the payments associated with the signings may be the key here. If the signings are paid in installments, then that's how it's been done.
The structure of the payments may be the key here.
----------------------------------------------------------------------
Doesn’t make any difference to PSR, though. Only cashflow.
posted 4 days, 11 hours ago
Net spend is a load of bolocks.
posted 3 days, 23 hours ago
comment by EVERYTHING’S POTE! (U17054)
posted 11 hours, 35 minutes ago
comment by ManUtdDaredevil (U9612)
posted 41 minutes ago
I think the structure of the payments associated with the signings may be the key here. If the signings are paid in installments, then that's how it's been done.
The structure of the payments may be the key here.
----------------------------------------------------------------------
Doesn’t make any difference to PSR, though. Only cashflow.
----------------------------------------------------------------------
What do you think cashflow is? I am not sure you fully understand what it means.
For example; you have a project that is going to be delivered in 3 years. I will use an oil and gas example. An FPSO will cost my company about £5bn to procure.
We will not spend that £5bn at once, we will regulate our cash flow so the project remains cash positive at best or cash neutral at worst. So that we manage our interest from the bank.
So, we still spend £5bn but the timing of that spend can be managed to ensure your cashflow remains positive.
We then recoup all of our funds when we bring the FPSO into service and run for some years and pay the bank back their money in structured payments.
posted 3 days, 23 hours ago
comment by ManUtdDaredevil (U9612)
posted 1 minute ago
comment by EVERYTHING’S POTE! (U17054)
posted 11 hours, 35 minutes ago
comment by ManUtdDaredevil (U9612)
posted 41 minutes ago
I think the structure of the payments associated with the signings may be the key here. If the signings are paid in installments, then that's how it's been done.
The structure of the payments may be the key here.
----------------------------------------------------------------------
Doesn’t make any difference to PSR, though. Only cashflow.
----------------------------------------------------------------------
What do you think cashflow is? I am not sure you fully understand what it means.
For example; you have a project that is going to be delivered in 3 years. I will use an oil and gas example. An FPSO will cost my company about £5bn to procure.
We will not spend that £5bn at once, we will regulate our cash flow so the project remains cash positive at best or cash neutral at worst. So that we manage our interest from the bank.
So, we still spend £5bn but the timing of that spend can be managed to ensure your cashflow remains positive.
We then recoup all of our funds when we bring the FPSO into service and run for some years and pay the bank back their money in structured payments.
----------------------------------------------------------------------
Yes, I understand that. That’s what I was saying: Structuring the deals helps with cashflow, but it doesn’t help with PSR.
posted 3 days, 23 hours ago
PSR isn’t interested in cash movements. It’s only really interested in profit and loss.
So when you agree to buy Cunha for €75m (or whatever) and agree to pay in three equal instalments, it doesn’t care: that €75m liability is what PSR sees and it’s booked as one ledger entry in the year the contract is registered.
That’s why PSR and debt were always going to be the issues this summer, rather than cash. We have access to tons of cash. There will always be cash for this club to borrow.
The only real question is how much debt Ineos want to put on the books in accessing it.
Sign in if you want to comment
How have we got all this money to spend?
Page 2 of 2
posted 4 days, 19 hours ago
There may well b something going on behind the scenes resulting in a bit of a cash injection for the club.
I'm really looking forward to the season. Bring on the big games early doors. Hopefully we can surprise a few people and put a fair few points on the board.
posted 4 days, 17 hours ago
May just be we are out of Europe so their more stringent FFP rules are gone? It was given as the reason Chelsea went all out transfer wise when they were out of the league.
posted 4 days, 17 hours ago
I just read Isco is out for 3 months for Betis. Maybe this can help us move on Antony as they have even more need for offensive quality. They have the money to get him having made quite a bit in sales and clearly want him.
posted 4 days, 16 hours ago
There may well b something going on behind the scenes resulting in a bit of a cash injection for the club.
—
Dodgy dealings? Have we found a copy of the Liverpool playbook?
posted 4 days, 16 hours ago
Tbf Liverpool have made £140m this summer from selling 3 players which is £140m more than we’ve made from selling players.
posted 4 days, 13 hours ago
comment by manutd1982 (U6633)
posted 2 hours, 59 minutes ago
Tbf Liverpool have made £140m this summer from selling 3 players which is £140m more than we’ve made from selling players.
----------------------------------------------------------------------
We’ve made a shiiiiitload of money from other clubs selling our ex-players though #7Dchess
posted 4 days, 12 hours ago
Rosso
Tbf we are the champions of resale profits and wages saved from loans this summer.
posted 4 days, 11 hours ago
I think the structure of the payments associated with the signings may be the key here. If the signings are paid in installments, then that's how it's been done.
The structure of the payments may be the key here.
posted 4 days, 11 hours ago
comment by manutd1982 (U6633)
posted 1 hour, 6 minutes ago
Rosso
Tbf we are the champions of resale profits and wages saved from loans this summer.
----------------------------------------------------------------------
Name on the trophy
posted 4 days, 11 hours ago
comment by ManUtdDaredevil (U9612)
posted 41 minutes ago
I think the structure of the payments associated with the signings may be the key here. If the signings are paid in installments, then that's how it's been done.
The structure of the payments may be the key here.
----------------------------------------------------------------------
Doesn’t make any difference to PSR, though. Only cashflow.
posted 4 days, 11 hours ago
Net spend is a load of bolocks.
posted 3 days, 23 hours ago
comment by EVERYTHING’S POTE! (U17054)
posted 11 hours, 35 minutes ago
comment by ManUtdDaredevil (U9612)
posted 41 minutes ago
I think the structure of the payments associated with the signings may be the key here. If the signings are paid in installments, then that's how it's been done.
The structure of the payments may be the key here.
----------------------------------------------------------------------
Doesn’t make any difference to PSR, though. Only cashflow.
----------------------------------------------------------------------
What do you think cashflow is? I am not sure you fully understand what it means.
For example; you have a project that is going to be delivered in 3 years. I will use an oil and gas example. An FPSO will cost my company about £5bn to procure.
We will not spend that £5bn at once, we will regulate our cash flow so the project remains cash positive at best or cash neutral at worst. So that we manage our interest from the bank.
So, we still spend £5bn but the timing of that spend can be managed to ensure your cashflow remains positive.
We then recoup all of our funds when we bring the FPSO into service and run for some years and pay the bank back their money in structured payments.
posted 3 days, 23 hours ago
comment by ManUtdDaredevil (U9612)
posted 1 minute ago
comment by EVERYTHING’S POTE! (U17054)
posted 11 hours, 35 minutes ago
comment by ManUtdDaredevil (U9612)
posted 41 minutes ago
I think the structure of the payments associated with the signings may be the key here. If the signings are paid in installments, then that's how it's been done.
The structure of the payments may be the key here.
----------------------------------------------------------------------
Doesn’t make any difference to PSR, though. Only cashflow.
----------------------------------------------------------------------
What do you think cashflow is? I am not sure you fully understand what it means.
For example; you have a project that is going to be delivered in 3 years. I will use an oil and gas example. An FPSO will cost my company about £5bn to procure.
We will not spend that £5bn at once, we will regulate our cash flow so the project remains cash positive at best or cash neutral at worst. So that we manage our interest from the bank.
So, we still spend £5bn but the timing of that spend can be managed to ensure your cashflow remains positive.
We then recoup all of our funds when we bring the FPSO into service and run for some years and pay the bank back their money in structured payments.
----------------------------------------------------------------------
Yes, I understand that. That’s what I was saying: Structuring the deals helps with cashflow, but it doesn’t help with PSR.
posted 3 days, 23 hours ago
PSR isn’t interested in cash movements. It’s only really interested in profit and loss.
So when you agree to buy Cunha for €75m (or whatever) and agree to pay in three equal instalments, it doesn’t care: that €75m liability is what PSR sees and it’s booked as one ledger entry in the year the contract is registered.
That’s why PSR and debt were always going to be the issues this summer, rather than cash. We have access to tons of cash. There will always be cash for this club to borrow.
The only real question is how much debt Ineos want to put on the books in accessing it.
Page 2 of 2