Wfc Finances

Discussion in 'The Hornets' Nest - Watford Chat' started by We hate 48, Sep 1, 2020.

  1. Steve Leo Beleck

    Steve Leo Beleck Squad Player

    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.
     
  2. UEA_Hornet

    UEA_Hornet First Team Captain

    That’s my understanding. We’re just bringing forward the income we were always due.
     
  3. hornetboy1

    hornetboy1 First Team Captain

    Should mean a bumper Christmas for Mogi Bayat.
     
  4. IRB

    IRB THe artist formally know as ImRonBurgundy?

    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
     
  5. RS2

    RS2 Squad Player

    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?
     
  6. Robert Peel

    Robert Peel Reservist

    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.
     
  7. a19tgg

    a19tgg Squad Player

    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.
     
  8. HampshireHorn84

    HampshireHorn84 Academy Graduate

    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.
     
  9. Burnsy

    Burnsy First Team

    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?
     
    HampshireHorn84 and RS2 like this.
  10. 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 ??
     
  11. davisp2

    davisp2 Reservist

    The loans are so that we can spend big in the January window. It will be fine
     
  12. Pozzo model in action. Buy cheap, develop, sell-on at a profit.
     
  13. ...and we haven't even financed the 2023/24 League One income we are due yet.
     
    RS2 likes this.
  14. Steve Leo Beleck

    Steve Leo Beleck Squad Player

    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!
     
    The undeniable truth likes this.
  15. a19tgg

    a19tgg Squad Player

    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.
     
    SkylaRose likes this.
  16. 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.
     
  17. Jumbolina

    Jumbolina First Team

    Maybe we took a similar punt on the Sarr instalments and he was £28m after all!
     
    UEA_Hornet, RS2, a19tgg and 1 other person like this.
  18. WillisWasTheWorst

    WillisWasTheWorst Its making less grammar mistake's thats important

    More than once on Sky last night they claimed Sarr cost £40m.
     
  19. BeersThen

    BeersThen First Year Pro

    Watford / Udinese negotiations:
     
  20. GoingDown

    GoingDown "The Stability"

    He did. However, it tends to reduce when attempting to prove owner prudence.
     
  21. LaClusazSki

    LaClusazSki Reservist

    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
     
  22. hornetboy1

    hornetboy1 First Team Captain

    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.
     
  23. Teide1

    Teide1 Squad Player

    It's hard enough working out what's genuine and believable in the World Cup, then you have to mention our accounts!
     
  24. wfcmoog

    wfcmoog Tinpot

    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?
     
  25. wfcmoog

    wfcmoog Tinpot

    Hope you're wrong
     
  26. wfcmoog

    wfcmoog Tinpot

    That will never not be funny
     
  27. ForzaWatford

    ForzaWatford Squad Player

    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!
     
    EB Hornet likes this.
  28. Bwood_Horn

    Bwood_Horn Squad Player

    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".
     
  29. hornetboy1

    hornetboy1 First Team Captain

    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.
     
    wfcmoog likes this.
  30. Burnsy

    Burnsy First Team

    And all for a club that Duxbury claimed would be debt free in 2 years.
     
    Steve Leo Beleck and RS2 like this.
  31. 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.
     
    RS2, wfc4ever and UEA_Hornet like this.
  32. wfcmoog

    wfcmoog Tinpot

    IF we borrow enough we can pay off all the debts
     
    BeersThen, Vanhorn17, RS2 and 4 others like this.
  33. WillisWasTheWorst

    WillisWasTheWorst Its making less grammar mistake's thats important

    Trussonomics ?
     
    sydney_horn and UEA_Hornet like this.
  34. V Crabro

    V Crabro Reservist

    Perhaps SB has finalised his January shopping list.......
     
  35. You think those funds will be needed to pay Udinese & Mogi then ?
     

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