[SIGNED loan] Hassane Kamara (perm Then Sold Then Loaned Back)

Gino cleaning his money.

 

Indeed, if you ignore all the context and what people are actually clearly remarking on, that is about the sum of it, yes.

 

There is no real positive about this, Udinese haven’t just decided to bung us £16m out of kindness, this is obviously indicative of a much bigger issue.

 

If it's a cash injection to throw some money at promotion, then we'll surely see some new faces and / or Pedro and Sarr stay. If this doesn't happen then it must point to us being in big financial trouble.

Wonder how much Kamara knew about the deal.

 

How many loans are we allowed per season? We have now Davis, Choudhury, Hause and Kamara.

 

Rumours are it's off. They thought they were getting king assist Sema instead.

 

I'd be surprised if that were the case - Udinese have no LWB next season currently.

 

I dunno. I’m an outsider looking in. I’m only guessing. I do appreciate you helping to correct me though and to rubbish what little opinion I have.

My only thoughts are that back on Monday we assumed there was £25 million coming in from Aston Villa, and that deal fell through and now we hope to keep Sarr so maybe this is a cunning book-keeping way of bringing in some funds to compensate for that.

I’m out of my depth trying to second guess the *********ry that goes on at our club though so I won’t waste any more time trying to find reasons.

 

Really bizarre. Don't know what it means for the future, but it's hard to see any way this doesn't paint a very bad picture of our finances, Pozzo's intentions or both.

In the short term, we're now up to 4 loanees (Choudhury, Davis, Hause, Kamara) with only 5 allowed in a matchday squad. Better use that last one wisely!

 

I doubt the chairman would say that the finances are a mess as it just leads to low ball bids from other clubs.

 

Will those of you who have over the last couple of years refused to give any credence to my argument that the Pozzos' money in both Udinese and Watford is to a reasonable degree effectively the same pot - when it comes to considering the amounts we supposedly "paid" for the likes of Success - finally entertain the notion that it could be the case, and ultimately a lot of the trades between the clubs is Pozzo-to-Pozzo paper shuffling for various possible financial reasons which can later be reversed?!

 

It’s the comment amount ‘plugging the gaps’ that leads me to believe this is about cash flow and paying creditors.

 

King Ken should be available on a straight swap.

 

No.

 

I can’t ignore the obvious financial question marks this raises - but £16m for a player who will be 30 and has been crap so far this season isn’t bad.

Now back to the financial aspect….

 

Would imagine it's an accounting trick more than anything else, but still looks quite dodgy...

 

Hahahahahha! I LOVE THIS CLUB!!!

 

Bit dodgy lol

 

So if Pedro goes to Newcastle for the reported £30m and my calculations are correct, we would have raised £95m in transfer fees alone and still have kept Sarr!!

Only reinvested £5m so far, but I do understand those Villa and Leicester loans would not be cheap. But we must still be laughing financially. If after all this, we've not cleared a significant amount of debt and/or created a realistic promotion winning squad, then there's something really wrong/rotten within the club.

 

Anyway, all jokes aside, I hope this further supports my theory that the £5m for Bayo is nothing but dodgy accounting rather than what Gino & Scott genuinely think he's worth.

 

How many impending payments to creditors do we have (especially if we have just the one long-term external debt to Macquarie) and how can they not be met by the £80m or so we’ll have raised once Pedro leaves (and yes I recognise that maybe only 25-50% of that will be receivable this year). If this were next season and this were the difference between raising 0 and £16m then that would make perfect sense. But it’s the difference between £80m+ and £95m.

I do agree with @lowerrous though - this is good stuff for us. It may be the symptom of a bigger problem, and is certainly dodgy, but it is a handy influx of cash. We’ll find out soon what it’s for.

 

Just get on with enjoying the football

None of us can do **** all about the accounts or the state of the finances

The only gaps you and I should worry about plugging are those in the team or squad.

Of course it’s a concern if we are heavily in debt but we can debate it until the cows come home and what you or I think is really unimportant in the bigger scheme of things.

 

Great way to pass us £16m to strengthen the squad while retaining Sarr. What's not to like ?

 

Quite honestly, there is nothing to moan about here, we are literally being handed £16M for absolutely nothing, and it's all up front which is unheard of in football today. Ultimately that money helps us retain Sarr, and bring in additions - wtf is there to complain about?!

 

Without knowing what it’s for, I can’t see how you can say this is ‘good stuff’ for us just yet personally.

 

It will be the transfer instalments we owe I imagine from previous years business.

 

If that is what it is for then agreed. But we don’t know yet.

 

I don’t think many are ‘complaining’. But some are rightfully questioning the need to do it. There’s no way anyone can deny how dodgy it looks so it’s hardly surprising that not everyone is willing to wave it through whilst looking the other way - it’s human nature.

Obviously it’s a deal you do every day of the week on the face of it - but sadly the face of it is rarely quite what it seems with Watford FC in recent years.

Let’s see if it funds a new contract for Sarr and more additions and go from there. We are just guessing what it’s for right now. To me ‘plugging the gaps’ reads more like financial gaps than any in the squad that Duxbury himself said is good enough and didn’t need much doing to it.

 

Even if it's literally to just boost cash flow (which in turn still helps with those things) then it's still a good thing. He's 30 next season and we get him for a year in the Championship at minimum. Strong argument he'd need replacing in the event of a promotion anyway, which is most certainly the aim now.

 

I think we’ll have to see if we actually go and splash the cash or not over the next week or so. If we do (and sign say Piroe, Bowler, a RCB and get Sarr a new contract) then this is a pretty nifty perk of the Pozzo relationship. But if this money just disappears/goes towards debt repayment it is a bit of an indictment of our finances.

The issue is not the transaction itself which is beneficial (if dodgy) regardless of where the proceeds are directed. It’s that the transaction is a symptom of a troubling financial condition and that even with the vast amount of sales we’ve made/will make this summer (one of the highest amounts ever received by a championship side - I believe only Newcastle 2016 or so and Bournemouth 2020 raised more) and we still need to do this financial engineering to bring in players and/or get on top of the debt.

 

Geez, imagine the meltdown on here if this sort of deal had been done in reverse - say we were paying £16mil for Walace but Udinese still kept the player?!

 

Kind of proves the point doesn’t it?

 

What point? That lots of the posters on here are overly reactionary and will moan about anything, even if it's potentially beneficial to us?

 

What on earth is the point of sitting here trying to work out how much profit we must be making or how much debt we have?

None of us are the club accountants.

We talk as if it’s our God given right to know every detail of the club’s financial business

It isn’t.

We are fans. Not owners or directors.

We pay our money to watch football.

You don’t go to the odeon and spend the whole time you’re watching through movie stressing about that company’s finances.

You don’t fly with EasyJet and stress about how much profit or loss they are making

Kamara will play on Saturday. I’m more concerned about in which position, rather than stressing about this new transaction or who must be lying or if we’ve made 80 or 85 million in player sales.

Thank the lord there’s a match tonight to soon get our teeth into.