| Ipswich have €22m bid turned down - Fotis Ioannidis 14:54 - Jun 15 with 47993 views | burnbudgiesburn |
Greek journo
Whats that? £18.5m?
Looks like a higher level George Hirst so stylistically would have fit but you never know if Towns name is gonna be linked by agents to bump the price or if its genuine. [Post edited 15 Jun 2024 14:57]
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| Ipswich have €22m bid turned down - Fotis Ioannidis on 20:29 - Jun 17 with 2872 views | xrayspecs |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 19:29 - Jun 17 by Vegtablue |
Two minor points from me. Firstly, as mentioned by others above, £20M is about a third of your predicted transfer budget, not necessarily ours. Clubs to have spent £90M-£165M on transfers in their first season recently-ish: Leeds, Burnley, Wolves, Villa, and Forest. This may be an incomplete list, it includes both windows and refers to net transfer spend. I don't see our budget range as clearly and tightly as you do right now. I would only be surprised if we're below £50M or above £100M.
Secondly, I'm not sure it's clear we've been turned down only because the £18.5M bid is made up of too many add-ons. I haven't read all the reports on this but did hear Panathinaikos were targeting €25-€30M, so it's possible we've been rejected on both counts. |
It was reported yesterday that Panathanaikos were looking for EU20m but turned our (higher) offer down as it has a much lower guaranteed fee. | | | |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 20:37 - Jun 17 with 2805 views | xrayspecs |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 19:31 - Jun 17 by portmanking |
You're forgetting with amortisation, a £20m player only costs £5m across a four-year contract. In essence, a £20m player would only cost us £5m in 2024-25 P&S. When you start to think of it in those terms, it's less scary. Especially when you're buying players with genuine resale value even if we go down. |
I am aware of amortisation. It is double edged sword. Yes, you can spread payments over a longer time frame, but you still have to make the payments. If we spent £200m this window, that would be £50m a year for four years (assuming they are all four year deals). Even if we retained our PL status for those four year, £50m of our annual transfer budget will have already been spent. And if we were relegated, then our parachute payments would not cover those sums.
What we also need to remember is that our salary bill is also going to increase substantially. Players signed for £20m will expect wages to match.
The extra £100m we get this season from TV deal only goes so far. | | | |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 20:39 - Jun 17 with 2783 views | cressi |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 19:10 - Jun 17 by portmanking |
We'll be spending more than £60m this season. Everything I hear says it'll be nearer the £90m mark. |
I agree think it will be between 80 and 100 Million. I don't believe many if any 2 Million pound players unless under 21 so don't count age wise. See I think we will get out of contract players of a higher calibre who then get a higher wage.
Then add 4 to 5 higher more high fee players. | | | |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 20:45 - Jun 17 with 2732 views | xrayspecs |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 20:39 - Jun 17 by cressi |
I agree think it will be between 80 and 100 Million. I don't believe many if any 2 Million pound players unless under 21 so don't count age wise. See I think we will get out of contract players of a higher calibre who then get a higher wage.
Then add 4 to 5 higher more high fee players. |
You do realise that Omari is still an U21? | | | |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 21:01 - Jun 17 with 2625 views | Vegtablue |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 20:29 - Jun 17 by xrayspecs |
It was reported yesterday that Panathanaikos were looking for EU20m but turned our (higher) offer down as it has a much lower guaranteed fee. |
Could be a great bit of business that judging from the (never misleading  ) highlight reel. I'm seeing the lethal combo of Omari's footwork inside Hirsty's frame. | | | |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 21:23 - Jun 17 with 2509 views | DecageBruce |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 20:37 - Jun 17 by xrayspecs |
I am aware of amortisation. It is double edged sword. Yes, you can spread payments over a longer time frame, but you still have to make the payments. If we spent £200m this window, that would be £50m a year for four years (assuming they are all four year deals). Even if we retained our PL status for those four year, £50m of our annual transfer budget will have already been spent. And if we were relegated, then our parachute payments would not cover those sums.
What we also need to remember is that our salary bill is also going to increase substantially. Players signed for £20m will expect wages to match.
The extra £100m we get this season from TV deal only goes so far. |
You may be aware of it but that’s not how it works. It is purely for accountancy purposes and isn’t linked to necessarily when payments are made |  | | |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 21:28 - Jun 17 with 2491 views | SitfcB |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 11:31 - Jun 17 by PhilTWTD |
Not had this knocked down, so read into that what you like. |
The first actual rumour of the off season and no ‘nothing in it’ in sight. |  |
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| Ipswich have €22m bid turned down - Fotis Ioannidis on 21:44 - Jun 17 with 2375 views | xrayspecs |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 21:23 - Jun 17 by DecageBruce |
You may be aware of it but that’s not how it works. It is purely for accountancy purposes and isn’t linked to necessarily when payments are made |
I am aware that it is not a cash flow issue per se.
It does though directly impact our PSR calculation. £200m transfer fees spread across four seasons means we would have a £50m amortisation charge in the accounts in this and the next three seasons. Our TV money would cover this expenditure this season, but it would not if we spend any time in the next three seasons in the Championship.
My point remains the same, amortisation rules means that you can spend beyond your immediate means this season, but will need to balance the books in the years to come. And that becomes a lot harder if you get relegated with the consequent loss of income.
[Post edited 17 Jun 2024 21:51]
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| Ipswich have €22m bid turned down - Fotis Ioannidis on 22:21 - Jun 17 with 2181 views | cressi |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 20:45 - Jun 17 by xrayspecs |
You do realise that Omari is still an U21? |
Yes regards Omari what I said or implied was if we bought players for 2 millon I believe it would be young talent like Ali who may then be loaned out not young players who cost 10 millon upwards. | | | |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 07:34 - Jun 18 with 1778 views | tractorboy1978 |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 21:44 - Jun 17 by xrayspecs |
I am aware that it is not a cash flow issue per se.
It does though directly impact our PSR calculation. £200m transfer fees spread across four seasons means we would have a £50m amortisation charge in the accounts in this and the next three seasons. Our TV money would cover this expenditure this season, but it would not if we spend any time in the next three seasons in the Championship.
My point remains the same, amortisation rules means that you can spend beyond your immediate means this season, but will need to balance the books in the years to come. And that becomes a lot harder if you get relegated with the consequent loss of income.
[Post edited 17 Jun 2024 21:51]
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Don't think anyone has suggested we spend £200m?
I've heard circa £90m a few times. Which if you amortise over 4 years is £22.5m and more than covered by the 2 parachute payments we would get if we did go down this season.
We've just got to make sure we spend that money well and on players that build or at worst retain their value. [Post edited 18 Jun 2024 7:46]
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| Ipswich have €22m bid turned down - Fotis Ioannidis on 11:06 - Jun 18 with 1579 views | xrayspecs |
| Ipswich have €22m bid turned down - Fotis Ioannidis on 07:34 - Jun 18 by tractorboy1978 |
Don't think anyone has suggested we spend £200m?
I've heard circa £90m a few times. Which if you amortise over 4 years is £22.5m and more than covered by the 2 parachute payments we would get if we did go down this season.
We've just got to make sure we spend that money well and on players that build or at worst retain their value. [Post edited 18 Jun 2024 7:46]
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I am not suggesting we will, quite the opposite, closer to £60m.
Was using a big transfer fee number to highlight the problems it can create in future seasons. Amortisation effectively is a form of credit, so needs to used sensibly. [Post edited 18 Jun 2024 11:07]
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