Market value for the left back of one of the very worst teams the Premier League has ever seen, who was purchased for £4m just a few months before.
Its a give and take (and then loan to cover cashflow) relationship Nothing to see here, just Gino moving money around in the same pot... then giving it to glorified loan sharks at an extortionate interest rate to keep the lights on
Yes sorry my point was so far we haven’t received money, or not all of the money, due for some of our most valuable assets in recent years. €11m is probably not far off the total amount for Deulofeu and we weren’t due the amount until 2024?
Ho ho ho. Have you been a good boy this year Mogi? Why yes Santa, I've connected players with clubs that have really seen the benefit for both parties. We've seen some careers really take off and made sure value for money has been delivered all round. Well Mogi, I hope those Grinch Belgian police can see how good you've been and how they should stop being mean to you as you've worked so selflessly all year.
Fair play to the loan sharks though, they’ve certainly got balls. I think I’d struggle to get someone to lend me money against money I was due to pay myself.
I heard a few years back that Watford paid in essence an admin fee/retainer to the Pozzo family out of our EPL cash and we used this when we signed players from Udinese. I never gave thought on how it would work the other way when Udinese "signed" our players (even though there was obviously never going to be any money changing hands) So it makes me wonder if perhaps Watfords admin/retainer fees were reduced by £x to cover the transfer fee over x period. Naturally the above only works when you have EPL cash coming in which we now don't, and it clear Udinese don't have the money to actually pay for the transfers properly - and therein lies the problem with Wooden Dollar transactions, if one party (particularly in our case as the Cash Cow in the relationship) gets in financial trouble it causes bigger ramifications.
Question being is, after selling a number of high-ticket players, why can’t Udinese pay us? And why are Watford paying the interest in all these loans as a result?
I'm sure Duxbury personally doesn't. I see we take the exchange rate risk. I haven't heard anything about currency markets recently but I presume sterling is holding it's own so some potential upside ??
If we get promoted (ho, ho) maybe we could buy him back for £25m and then loan him straight to Udinese? The authorities will never be able to keep up!
From what I understand the instalments are due from Udinese in Euros but we have taken out the loans to cover them in GBP. We would therefore want GBP to be as weak as possible for us to benefit from the conversion of Euros when we receive them from Udinese. The pound is weaker at the moment against the Euro, but not by a huge amount, before the pound tanked we were around 1.20 at best and had traded there or there abouts for a long while, now we’re around 1.1450 which would be better based on the above scenario. It’s the USD the pound tanked massively against. If the pound strengthened up to say 1.30 against the Euro we’d lose a **** ton if we are indeed taking a currency risk. Edit: I assumed the loans are in GBP, but even if they’re in EUR the same principle applies, weak pound good, strong pound bad.
Yes, I've literally put 30 seconds thought into this and was being sarcastic assuming we'd lose out but you are probably correct. If we are due funds in € why wouldn't we borrow in € to eliminate any ex risk ? Seems crazy to take an ex rate risk whether we do actually win or lose.
Our debt? Between £139m to £181m. It could be far higher. This depends on who responsible for monies borrowed last season/this season. Interest is not frozen. As it looks right now based on the performance on the pitch that administration is likely unless the Pozzo family can sell the club. Sarr, Pedro and Louza being sold in January is on the cards. Offers for any other players will be acceptable. We are in a real mess on and off the field
Watford have today taken another £9m loan from Macquarie Bank for the future payments from Nottingham Forest for the sale of Dennis. A £4.5m fee due 1st November 2023 and another £4.5m due 1st November 2024.
It's hard enough working out what's genuine and believable in the World Cup, then you have to mention our accounts!
I'm quite ignorant of such things, but is it normal for clubs to take loans against all stage payments in this fashion, as seems to be absolutely standard for us?
One thing I didn't realise... Fifa pay each club around £9k for every player in the World Cup. So we're receiving £9k per day for every day Sarr is in the World Cup. Swindon rested Jonny Williams for the last couple of games before the tournament because of this!
Nothing beats the exchange in Rendezvous at Big Gulch (Terror in the Neighborhood) when Drebin (working undercover as a locksmith called "A.N. Abandoned Locksmith Shop") enters the home of Dutch Gunderson: Dutch Gunderson: "Who are you? How did you get in here?" Frank Drebin "I'm the locksmith and.. I'm the locksmith".
I understand it's normal practise to borrow against future guaranteed income, but Watford have borrowed a hell of a lot of money recently. €29 (approx £25m) in October and another £9m today, so that's at least £34m we've borrowed from Macquarie Bank in the past month or so.
It's also a bit concerning that we seem to bring forward all significant fees we are due, and then spend it, but still have all the fee instalments we are due to pay still sitting out there.