Summer Transfer Window 2013/2014 aka Arsenal , we can afford folks and the mancs really want Fellani

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ource: Telegraph.co.uk
Real Madrid’s interest in Gareth Bale appears to be cooling after head coach Carlo Ancelotti told club president Florentino Pérez that he did not consider the Tottenham player integral to his plans this season.

Ancelotti’s comments, which are understood to have been made in a meeting with Pérez at the end of the club’s US tour, follow Cristiano Ronaldo’s refusal to publicly endorse the signing last week and a change in public opinion in Madrid.

Real's position could prompt Manchester United to formalise their interest in Bale - who has been ruled out of Wales’ friendly international with Republic of Ireland, despite training with Chris Coleman’s squad on Monday morning - following the Old Trafford club’s failure to prise Ronaldo from the Bernabéu.

United manager David Moyes admires Bale, but the club remain wary of making a formal offer because of concerns over Tottenham’s willingness to sell to them and the lack of encouragement from the Welshman’s camp that he would consider a move to Old Trafford.

When Real Madrid president Pérez, who denies meeting Daniel Levy in Florida last week in an attempt to reach an agreement over Bale, set off with his players on the club’s pre-season tour two weeks ago, the pressure was on him to sign a superstar to counter Barcelona’s capture of Neymar. But, with Real having won six of their seven summer friendlies, the pressure has eased.

Supporters have questioned the wisdom of paying anything more than €70million (£60million) for Bale; players have questioned the need for another expensive acquisition; and now Ancelotti has said his piece.

After Real’s last game against Inter Milan in St Louis, the Madrid coach was asked about Bale. He replied: “Why talk about Bale when Jesé [Rodríguez] and [Alvaro] Morata have both played so well. They are young but incredibly talented.”

That response was in marked contrast to earlier on the tour when Ancelotti had openly talked of negotiations progressing and reflects not only how well the squad are performing just five days ahead of the new season but also the lack of optimism within the club that any prompt resolution can be reached with Tottenham.

Tottenham continue to insist on the inclusion of Morata in any deal but Pérez is under pressure to keep the homegrown players at the club. Angel Di María, another potential makeweight who might have helped the deal go through, has told Madrid he wants to stay in Spain.

Ronaldo has scored six goals in pre-season and he sowed the first seeds of doubt over how well the signing of Bale was being received in the Real Madrid dressing room when he said in a press conference last week: “I have my views but I am not going to share them publicly.”

Ancelotti feels that with Ronaldo, Isco and Mesut Ozil operating behind Karim Benzema he has his first-team front four and that in Morata, Jesé, Kaka and Di María he also has two players for each position.

Bale has done exactly as Real would have wanted by featuring in only one of Spurs’ pre-season friendlies and the feeling in Madrid is still that the player will end up at the Bernabéu but whether the deal happens this summer or next has been thrown back in the balance by Madrid’s form and the two clubs’ inability to come any closer in player valuation.

Bale trained with Wales on Monday ahead of their friendly against Republic of Ireland, but a spokesman for the Welsh Football Association later confirmed he would not play because of injury.
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moyes in with a £22m bid on wednesday then
 
Saint said:
It's been well documented on the SpursCommunity forum from a lot of the long serving ITK members on there. Most of what they say is generally trustworthy and there's no real reason to lie about a subject like this anyway. It's not something I'd ever expect to see officially documented anywhere to be honest.

I'm inclined to believe it as we've spent pretty big this summer already and not made too much back from transfers out
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LOL if someone gives ypu 50m you have to 'document' it in your company accounts
 
The__Malteser said:
Borini, Sahin, Henderson, Adam, Coates and Aquilani.

.
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Borini: Too early to judge, hasn't even had half a season playing without injury, let alone a full season.
Sahin: Loan deal?
Henderson: 16million looks like a very reasonable price
Adam: 7million?
Coates: 7Million?
Aquilani: Playing in the national team at this moment in time I believe

At least we haven't spunked 8million quid on Gervinho :p
 
SCOSH said:
LOL if someone gives ypu 50m you have to 'document' it in your company accounts
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That is essentially true. However I imagine those results will only be available a the end if theqquarter (which makes them a little late for today's discussion) and, secondly, there are a number of ways this could be introduced: equity, debt, turnover...

I would imagine it would be done with long term debt which actually might be difficult to isolate. It might also be difficult to work out the terms of that loan. There may be stock exchange announcement obligations but the arrangments could have been introduced so as to avoid that.
 
Snax said:
That is essentially true. However I imagine those results will only be available a the end if theqquarter (which makes them a little late for today's discussion) and, secondly, there are a number of ways this could be introduced: equity, debt, turnover...

I would imagine it would be done with long term debt which actually might be difficult to isolate. It might also be difficult to work out the terms of that loan. There may be stock exchange announcement obligations but the arrangments could have been introduced so as to avoid that.
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:confused:

He could put it in as revenue (turnover)? He's going to buy £50m worth of Spurs caps from the club store or something?

Whether it's via a loan or as equity, it will be clearly visible in the club accounts.
 
BaZ87 said:
:confused:

He could put it in as revenue (turnover)? He's going to buy £50m worth of Spurs caps from the club store or something?

Whether it's via a loan or as equity, it will be clearly visible in the club accounts.
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Re turnover; any kind of fees paid to thfc from another party I.e. advertising from his othet companies. It could be anything; he could get thfc to provide consultancy services to him for a fee of £50m!

There are a lot of ways to use turnover, but you are correct in that I would imagine it is unlikely to be used as a method of injecting liquidity.

I forgot, I don't think thfc is a PLC anymore. It is private again, so the accounts won't be available for a long while yet.

On the debt; restructuring existing (commercial) debt by replacing it with a much longer term low interest bearing debt from a "friendly party" may not cause the figures to immediately leap out of the accounts declaring it to be an injection of cash however the commercial effect of the debt would be just that.

My point is simply that accounting is suitably complex to mean that the injection of cash wouldn't be apparent to let's say a sports journalist but would come out during financial analysis (though if thfc is private again there would be even less likelihood of this happening). Those two don't often dovetail.
 
Snax said:
Re turnover; any kind of fees paid to thfc from another party I.e. advertising from his othet companies. It could be anything; he could get thfc to provide consultancy services to him for a fee of £50m!

There are a lot of ways to use turnover, but you are correct in that I would imagine it is unlikely to be used as a method of injecting liquidity.

I forgot, I don't think thfc is a PLC anymore. It is private again, so the accounts won't be available for a long while yet.

On the debt; restructuring existing (commercial) debt by replacing it with a much longer term low interest bearing debt may not cause the figures to immediately leap out of the accounts declaring it to be an injection of cash however the commercial effect of the debt would be just that.

My point is simply that accounting is suitably complex to mean that the injection of cash wouldn't be apparent to let's say a sports journalist but would come out during financial analysis (though if thfc is private again there would be even less likelihood of this happening). Those two don't often dovetail.
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Unlikely? No, it's all but certain. Not only is the legality of what you're saying questionable, it's just plain ridiculous. There'll be VAT and it'll increase your profits therefore you'll pay corporation tax on it too.

And no - if the money was put in via a loan or as equity, it will be clear to see to anybody with a brain cell.

And Spurs being a limited company means **** all. You can view any company accounts online at Companies House.
 
Stewy said:
I think it's because you are our self-appointed Serie A guru and... yeah...
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Yes. Just look at the ammount of posts I have in this thread.

Then you are all Premier League gurus?

Newbie007 said:
Borini: Too early to judge, hasn't even had half a season playing without injury, let alone a full season.
Sahin: Loan deal?
Henderson: 16million looks like a very reasonable price
Adam: 7million?
Coates: 7Million?
Aquilani: Playing in the national team at this moment in time I believe

At least we haven't spunked 8million quid on Gervinho :p
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Oh, so its too early to judge Borini, but its not too early to judge Coutinho, although according to Wikipedia, he played 7 more games than Coutinho.

Loan deal, and wages :rolleyes:

So you are telling me that if you had 16M, you would spend it on Henderson, rather than another midfielder?

20M for a player who played 28 matches in 2 years? Not a bad deal at all :rolleyes:. He only got called up to the Italian national team after he played with Fiorentina. Although no official fee was released, you and I both know that they didn't get anything near the £20M Liverpool spent on him.

Also, funny how you say that Coates and Adam were 'cheap' at 7M, but then you already feel that Gervinho is a flop, when he was paid just 1M more, and hasn't even played one game for the club.

Saying that, I feel that Gervinho is a complete waste of money, and playing Nico Lopez instead would have been better.

Also, no idea why I am answering. What i said was obviously a joke because Liverpool have been overpaying quite a lot in the recent years.
 
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Looks like Downing to West Ham is done for around £6m. Tony Barrett's reporting that West Ham have agreed to pay him around about the same as what he was getting at Liverpool (£70k).

It was reported earlier in the window that West Ham were willing to pay ~£8m for him earlier in the window but Downing turned them down. I guess that £2m has gone towards topping up his wages so he'll leave.
The__Malteser said:
Although no official fee was released, you and I both know that they didn't get anything near the £20M Liverpool spent on him.
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Since when has official fees being announced meant anything? Aquilani's fee was announced to the stock market as €20m but it still doesn't stop people claiming it was £20m.
 
BaZ87 said:
Unlikely? No, it's all but certain. Not only is the legality of what you're saying questionable, it's just plain ridiculous. There'll be VAT and it'll increase your profits therefore you'll pay corporation tax on it too.

And no - if the money was put in via a loan or as equity, it will be clear to see to anybody with a brain cell.

And Spurs being a limited company means **** all. You can view any company accounts online at Companies House.
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You are being pedantic; my points wasnt that it would be any particular way, only that there were numerous ways in which you could inject liquidity into a company (btw the legality is not in question) and they could be obfuscated if required. It could be as simple as 50m ordinary £1 shares being issued...

Spurs not having to report to the Stock exchange means quite a lot. They only have to file annual accounts (rather than quarterly) and there doesn't have to be a full annual report only accounts (correct me if I am wrong). It also doesnt have to report major events to the stock exchange.

Only having to file accounts (and not report to shareholders) in a company as complex as a football club means that quite a lot is not transparent if so desired. If Joe Lewis wants to hide the extent of his involvement in THFC he will have advisers that assist him to do so quite legally.
 
Pigeon_Killer said:
You sure it's £6 million BaZ?
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Just what's being reported in the Times. The Guardian are reporting it at £6m too. Maybe £5m rising to £6m but give or take it sounds like it's around that figure.

edit: Now I read that properly :o

:D :D

Snax said:
You are being pedantic...
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No I'm not. You're talking about something you clearly don't understand and rather than giving up or admitting you don't understand, you continue to dig and dig.

If he has put £50m into the club then it will be as clear as day to see to anybody with a brain cell.
 
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BaZ87 said:
No I'm not. You're talking about something you clearly don't understand and rather than giving up or admitting you don't understand, you continue to dig and dig.

If he has put £50m into the club then it will be as clear as day to see to anybody with a brain cell.
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are you well versed in the reporting obligations of large private companies?

you are also missing my point again, which was simply a £50m cash injection can be made quite hard to find if required. I don't have an opinion one way or t'other
 
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