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Dave Beans

The First £100M Footballer

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Not quite £100m is it? Although with the exchange rate as it is it's closer than it was 6 months ago. And it's staggered at £30M/yr, basically what Liverpool give Southampton for a sack of shit every year.

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I hope it fails, it would put a stop to this sort of "bubbly" gambling and hoping it all works out OK.

To be fair they didn't "let him go", they wanted to keep him at 19 but he, or rather his agent, was demanding regular first team football to stay and he wasn't good enough at this age to get it so he wouldn't sign a new contract.

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well, if you insist on paying the stupid ticket prices, and the sky sports subs that support all this BS, then its the peoples fault.

People I work with do much more of value than any of these footballers for around £10-12 per hour.

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well, if you insist on paying the stupid ticket prices, and the sky sports subs that support all this BS, then its the peoples fault.

People I work with do much more of value than any of these footballers for around £10-12 per hour.

I work for a FTSE 100 that has 10,000 people grafting their arises off to make £500m profit. Puts it into perspective.

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well, if you insist on paying the stupid ticket prices, and the sky sports subs that support all this BS, then its the peoples fault.

People I work with do much more of value than any of these footballers for around £10-12 per hour.

If only you could get the other sky sports without the football. Sadly not.

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well, if you insist on paying the stupid ticket prices, and the sky sports subs that support all this BS, then its the peoples fault.

People I work with do much more of value than any of these footballers for around £10-12 per hour.

BT also just paid £960m for 42 games per season. I wonder if they'll be trying to unload their pension fund deficit on the taxpayer any time soon?

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For £100 million, you would think that they would have had a fair few expert analysts trying to figure out whether he was worth the fee or not.

A lot of these valuations seem to be based on "what is he going to be worth in X years time" rather than any kind of objective measure of worth, which seems a rather dubious basis to me.

John Stones has just gone to City for £50 m despite not being able to command a starting place with either Everton or England - go figure.

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Manchester United paying through the nose to get a player before the other clubs get a chance.

The other clubs delighted he's on MUs books and paid so much.

Footie isn't any better than it was without the money - in fact it's less interesting now.

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Footie isn't any better than it was without the money - in fact it's less interesting now.

It's a lot less interesting; to my mind the top division in particular is dire (Leicester honourable exception). Loads of stupidly paid mercenaries who have zero connection with their club or its fans.

Sure the technical ability has gone up bug so what, that doesn't make it more exciting. It makes it less exciting.

Watching the film of The Damned United showed quite how good football was in the 70s, but early for me unfortunately.

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Just crazy. One bad tackle and career over.

Well, yes, but its possible to insure against stuff like that.

To be fair unless you know the exact terms of the contract it is very hard to assess value. For example image rights can be worth a lot. Since the contract is unlikely to see the light of day, no one publicly is going to be in a position to figure out whether he is worth the price or not.

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If only you could get the other sky sports without the football. Sadly not.[/quot
If only you could get the other sky sports without the football. Sadly not.

AFAIK, Sky put all their subs up by a couple of quid to compensate the 5 billion they paid for the PL games.

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I heard Zlatans Man U shirt sales have covered the Pogba cost in about 2 weeks. For football (and Man U especially), this isn't a huge amount of money

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A lot of these valuations seem to be based on "what is he going to be worth in X years time" rather than any kind of objective measure of worth, which seems a rather dubious basis to me.

John Stones has just gone to City for £50 m despite not being able to command a starting place with either Everton or England - go figure.

So they buy a player expecting capital appreciation, not for income stream.

Sounds a bit like some other investment strategy we know.

Do they pay stamp duty / vat on a player - if not, HMRC are missing a trick.

AFAIK you can also buy a player and if you have more than you need you can just rent him out (innit?)

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So they buy a player expecting capital appreciation, not for income stream.

Sounds a bit like some other investment strategy we know.

Do they pay stamp duty / vat on a player - if not, HMRC are missing a trick.

AFAIK you can also buy a player and if you have more than you need you can just rent him out (innit?)

It depends, I often chat with our finance director regarding accounting at Football clubs and it's an incredibly specialised area.

United won't be expecting any capital appreciation on Pogba, in fact I doubt any clubs buy players expecting appreciation.

The really tricky thing about buying players is actually the depreciation. Which occurs over the lifetime of the contract, but can be recovered upon the signing of a new contract. It's a whole different ballgame to standard corporate accountancy.

Usually when making a capital purchase you would calculate an NPV (or similar). But given that a player doesn't generate any cash flow in and of himself I can't see how you could possibly make a decision to buy a player on purely financial grounds.

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