Quite nice how things change so quickly. A month ago Spurs

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Originally Posted by Ash

As in getting everything on tick?

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If we fail to keep up payments, will the Bailiffs come around and repossess him?

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Originally Posted by WES

Yes, all very positive although you'd think we'd finish the transfer window with a new CB who can challenge for the first 11 now.

One might also conclude that this Swiss Cottage chap is at best naive or at worst utterly clueless. Quite amazing how much analysis he does while not understanding some the most basic concepts around financial planning.

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Which parts have SR got wrong?

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Originally Posted by Ash

As in getting everything on tick?

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No, as in not understanding how many things he would need to know that he clearly does not know in order to reach the conclusions he comes to.

My favourite bit of analysis of his was along the lines of 'we have 50mil to spend but because we signed xxx for 20mil and committed to 5 years of wages totalling 25mil we therefore have 5mil left to spend this window'.

The moron :hehe:

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Originally Posted by Burney

If we fail to keep up payments, will the Bailiffs come around and repossess him?

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We did go to Loans Direct, I gather, for the cash to buy Pepys, so a couple of large fellows called Ron and Ron might come knocking if we slip behind.

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Originally Posted by Billy Goat Sverige

had signed Ndombele and were building a squad to compete for the title, while we only had £45m and would struggle to buy anyone after signing Ryan Fraser. One month later and we’ve bought the best player outside of PSG playing in France, managed to loan one of best young central midfielders in Spain, signed one of the most talented young CBs in France and soon we will confirm the signing of Tierney (also looking to sign another CB which would be nice). Meanwhile Pochettino is having a massive whinge about not being in charge of transfers as it seems like Spurs will struggle to sign anyone else before the window closes. Add to that the fact that Eriksen and Alderweireld will leave on free transfers next summer.

You love to see it!

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It is positive but it is, at this moment, still incomplete. We are still a leetle beet short, pheesically.

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Originally Posted by WES

No, as in not understanding how many things he would need to know that he clearly does not know in order to reach the conclusions he comes to.

My favourite bit of analysis of his was along the lines of 'we have 50mil to spend but because we signed xxx for 20mil and committed to 5 years of wages totalling 25mil we therefore have 5mil left to spend this window'.

The moron :hehe:

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Do you have the quote, out of interest, where he said that?

I think you should phone him up on the Twitters, call him a moron and challenge him to a finance-whizz-off. We'll get the popcorn.

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Originally Posted by Ash

We did go to Loans Direct, I gather, for the cash to buy Pepys, so a couple of large fellows called Ron and Ron might come knocking if we slip behind.

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The trouble is people not knowing what the budget really represents or being fooled by the media into what it represents. We have £200m cash in the bank so actually paying for players isn’t that much of a problem. The £45m would be a figure the club would feel comfortable they could add on the books. With fees and wages being amortised over the length of a contract a £45m budget would always go further than what people think. The media painted a picture of us signing someone for £25m and only being able to spend £20m after that, which was false.

If you use Tierney as an example. Even if we paid all £25m up front on the books it would be £25m + £20m wages over 5 years / 5. So £9m added and £36m left in the budget (although it would be a bit less after agent fees and other ****e but you get the picture). If John Cross and the like reported it they’d be saying “after paying £25m up front Arsenal now only have £20m left in their budget”. Now they’ve started talking as though we invented installments, still not understanding football clubs amortise player fees and contracts.

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Originally Posted by Ash

We did go to Loans Direct, I gather, for the cash to buy Pepys, so a couple of large fellows called Ron and Ron might come knocking if we slip behind.

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Pepys Diary should really become a thing on Twitter now you've thought of it