| Coulson Downes swap then? on 09:53 - Jul 16 with 727 views | bobbyramsey |
| Coulson Downes swap then? on 08:50 - Jul 16 by tractorboy1978 |
Because if we sell him for £1m, that gives us an extra £600k to spend on wages within the cap (60% of £1m). If we sell him for £500k + Coulson that gives us an extra £300k to spend on wages within the cap. So that extra £300k could be an extra player on £6k a week. [Post edited 16 Jul 2021 8:50]
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But we'd be gaining a player so it would be one less salary (£6,000 pw.) that we wouldn't need to pay out
Swings and roundabouts innit.... |  | |  |
| Coulson Downes swap then? on 11:11 - Jul 16 with 659 views | chicoazul |
It’d drive the “last seasons players had bad character and weren’t very good anyway” mandem wild to see another one go up a league. |  |
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| Coulson Downes swap then? on 11:12 - Jul 16 with 652 views | chrismakin |
| Coulson Downes swap then? on 11:11 - Jul 16 by chicoazul |
It’d drive the “last seasons players had bad character and weren’t very good anyway” mandem wild to see another one go up a league. |
More of
Player desperate to leave for the last 24 months finally gets his move....
He is one however I hope goes on to smash it. Cracking player. Just not one who wants to be here. [Post edited 16 Jul 2021 11:13]
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| Coulson Downes swap then? on 11:35 - Jul 16 with 604 views | XYZ |
| Coulson Downes swap then? on 09:23 - Jul 16 by itfcjoe |
Even in a swap deal players are assigned a value - it isn't Coulson plus £500k.....it's Coulson who is valued at £500k, plus £500k to sign Downes who is valued at £1m as far as accounting goes.
Probably the most famous example is the swap deal between Arthur and Pjanic where they had massively increased values to get Barca out of an FFP hole - as sales are put into one year, whereas purchases go across the whole contract as amortisation |
This is the correct answer. Ask HMRC. |  | | |
| Coulson Downes swap then? on 12:28 - Jul 16 with 539 views | jayessess |
| Coulson Downes swap then? on 09:44 - Jul 16 by LeBlue |
This is surely a massive loophole.
Why not sell Downes for £100m and buy Coulson for £100m, giving us an extra £60m to play with within FFP (silly numbers I know but you get my point). |
You pay VAT on domestic transfers, so it'd cost both clubs £20m to the tax man. |  |
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| Coulson Downes swap then? on 12:46 - Jul 16 with 500 views | longtimefan |
| Coulson Downes swap then? on 11:35 - Jul 16 by XYZ |
This is the correct answer. Ask HMRC. |
I was led to believe that the SCMP operated on the basis that any transfer profit counted as turnover, not simply the whole transfer income. On that basis I’d say the question of swap or individual fees is moot. | | | |
| Coulson Downes swap then? on 13:04 - Jul 16 with 455 views | XYZ |
| Coulson Downes swap then? on 12:28 - Jul 16 by jayessess |
You pay VAT on domestic transfers, so it'd cost both clubs £20m to the tax man. |
Which, as VAT registered businesses, they'd recover through their next VAT return.
It's not a cost, it's short-term cashflow. | | | |
| Coulson Downes swap then? on 14:10 - Jul 16 with 371 views | BtreeBlueBlood |
| Coulson Downes swap then? on 08:38 - Jul 16 by chrismakin |
If i've understood FFP correctly for league 1, swap deals won't be ideal as we'd lose the opportunity to put some % of the potential transfer fee towards our new wage availability. So it's better for us to get say £1 mill to have the 60% available, and then spend say £1 mill as it doesn't effect our wage pot as outgoing spend isn't included. |
So we could say coulson £1m
Then
Downes £1m
£1m in and out of the bank
Done! |  | | |
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