Transfers and Rumours - old thread

spark

spark

New member
oz187 said:
The Bojan deal was designed by executives, not Zubi. It was designed for accounting purposes and to make the club look better to the banks. Here's a breakdown of it:

Bojan coming through the youth system had zero value on the accounts.
Barca had a budget of 40-45M for transfers, but they spent 55M on Alexis and Cesc
Going over budget looks bad, so they wanted to raise some short term money.
Selling Bojan to Roma they got a 12M profit onto the accounts to cover their spending.
There is a compulsory 13M buyback clause after two years, in paying this back the cash goes down 13M but they put Bojan back on the accounts at 13M so no loss is recorded.
In essence, they've borrowed 12M from Roma for two years, so paying back an extra million works out at an interest rate of around 4% per year, which is decent.
If Roma want to keep Bojan, they have to pay 28M or get Barca to agree a lower fee. Obviously they don't want him.
If Milan want him, they have to come to an agreement with Barca(maybe 28M will get him without Barca's agreement).
Bojans value on Barca's accounts will be 13M. If Milan get him for 5M then Barca will take a loss of 8M on the accounts.
Most likely Barca will wait for a better offer, or more likely a loan deal will be arranged. After a year on loan Bojan's value on the accounts will depreciate(probably to around 9M) and then they'll be happier to sell him.
They should try to loan him to Swansea or something, if he does ok in the Premier League his value will increase quite easily.
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Did something similar when they got genoa to buy Boateng for them. The murky waters of football accounting.
 
XaviMessiGirl

XaviMessiGirl

New member
Gazzetta: Moratti says Inter will keep Handanovic, there's a team structure that will include him (and Guarin). So maybe the Barca rumors will slow down.
 
O

oz187

New member
Indignado said:
Disgusting..
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It's not necessarily disgusting. Just to clarify, the decision that he wasn't needed may have been Pep or Zubis. Ordinarily maybe a standard loan deal would have been done. But in this case they used some financial inventiveness. It's not necessarily dishonest either, giving him a value of 12M is more accurate than saying he has zero value. Accounting is not an exact science, and there's always a lot of guesswork involved and choices to make on what value you put on things.
 
ThwiX

ThwiX

Best midfielder around
Barcelona sources strongly deny the club has reached an agreement with Santos on the transfer of Brazilian forward Neymar. [ara]

I'm so tired of all this Neymar transfer talk with no validity. One day ready for Barcelona, the next day he's ready for Bayern.
 
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