So who's going to be sold for profit then?

I mentioned option.

 

I'd be okay with 5 if they get the right money for them.

Someone like Isekas an interesting one to me. He should play in the same position that Morris plays. Wide of a front 3 or left in a 4231.

Also need to let someone like Cole go.

 

I hope you're right. Morris is the only one I'd miss.

 

If we could hang onto Morris and Woodrow we might be able to challenge providing we're more direct next season. ( By direct I mean simple football not goofball). Wolfe or Kane gets ball plays it wide to Oduor or Thomas. Thomas or Odour play it into box. Morris scores or lays it off for Woodrow.

 

i would say that with 2 additions seems likely.

 

It's a bit of a shame Val isn't still at WBA as I could see him taking Styles and Helik. They may have other suitors but I don't think we'll get anywhere near what we ought to for them, because everyone knows how desperate we are for cash.

Morris is the only one I'd try to keep if we can, because I think there's a good chance he could score 10-15 goals by Xmas in league 1, which would see us collect a bigger fee than if we sell him this summer.

Everyone else, we'll take any offers to take them off our hands. And to answer the initial question, if any of them turn a profit I'll be amazed.

 

Is it an 18 month deal though? Barnsley claim it's till the end of this season, it's only the loaning team who claim 18 months

 

I agree SD, I think the squad is unbalanced and needs sales to bring in a few experienced good people in key areas, to go with our youngsters. Plus a good coach

 

After wages have been taken into account I don't think we will make a profit on a single player

 

Turning profit is, in itself, a different answer depending on the measure.

The basic view and the one most people would hold is if you buy a player for a million on a four year contract, sell him three years later for £2m it’s a £1m profit. I think this is the basis, as fans, we view transfer success.

For the basis of the accounts a player bought for £1m on a four year contract shows depreciation of £250,000 pa. The total depreciation figure for BFC is around £2.7m in last years accounts and reflects the depreciation of players (intangible assets) over the life time of their contracts.

When a player is bought there is no profit or loss impact. In essence cash is exchanged for an intangible asset. £1m cash turns in to £1m in intangible asset. The cost of the player is reflected in the accounts as depreciation with the example costing £250k pa.

In the form of the accounts the example player would have shown 3 years p&l cost of £250k pa. On the sale for £2m the accounts would show a profit of £1.75m and the reduction in intangible assets of £250k replaced with £250k in cash.

The wages point is more complicated. Whether the club signs a player for a transfer fee or not they will be paid. There is a correlation between high transfer fees and the payment of wages but there are now plenty of instances where players have deliberately run down contracts to maximise their pay.

Using the earlier example, and assuming the player is on £500k pa a total cost of employment would have been £1.5m in wages, £1m initial transfer fee, total outlay £2.5m and receipt of £2m, net cost of employment over three years £500k. Without the transfer dealings the club could have brought in a player on a free transfer and paid them £170k pa and still had the same costs.

Conversely if the same player ran down their contract the total cost over four years would be £3m or £750k pa or a player on £15k per week.

Who does the club need to sell? Unless a large amount comes in for one or two players I can see the club needing to clear the decks with any player who can command a fee. The club needs both cash and to cut the wage bill drastically.

 

Hear say though isn't it? As we speak. Chien himself said money would be invested where needed. ( Wish I had a link to the interview/ article). It's well written and factual based on what we know. However, ultimately it's supposition.

I agree with every word but how can we sharpen pitch forks and light torches until it's reality.

I'd love to strangle a few people but I'd hate to be sentenced for murder for merely thinking about it.

 

The financial predicament of the club is certainly not hearsay, last year’s position paints a very bleak financial position for the club. The current season has hardly been a great success and next year the club is looking at significant operational losses. Unless, and this is currently the unknown point, outside funding comes in to the club, those sales and salary cuts are crucial for the existence of the club.

No doubt we’ll know by late August, I’m off to the States to play golf. This summer could well be a watershed time for PMG/NCC and BFC.