But what about the net spend?

[Onwards Evertonians]

Gone are the days when we'd sell our best players and the money would vanish into the ether, at least now the money is being invested back into the squad. Net spend means absolutely nothing as long as your team is in a stronger position in August. It's as simple as that.

 

[davek]

If you've got him on ignore then how can you both see and then post on, his thread???

Eh?

Doesn't work like that.

 

[widnesblue]

It's not that it doesn't matter, mate, it doesn't exist as a concept other than in the heads of those presenting the argument

Appreciate I've got on my soapbox a bit with the OP, but I just find the whole financials argument being presented by people who genuinely don't have a clue about it absolutely infuriating

Obviously it matters from a business stand point but not the way it's been made out on this forum. We've made profit on a lot of dead stock in the squad. Alright we sold Lukaku and made huge profit. It might come across as us spending "the Lukaku money" but we ain't.

 

[toffeeblue9]

Obviously it matters from a business stand point but not the way it's been made out on this forum. We've made profit on a lot of dead stock in the squad. Alright we sold Lukaku and made huge profit. It might come across as us spending "the Lukaku money" but we ain't.

It's merely a function of cash flow - but even that is dramatically overstated

How much of the Lukaku money did we receive as a first instalment, for example? Enough to finance first instalments on all of our other transfer dealings and signing bonuses, VAT, Premier League levies etc?

Of course not

Genuinely, and I mean no disrespect here at all, I see the term "net spend" and I instantly assume the poster hasn't got the first idea what they're talking about

 

[Foot Long Hot Dog]

Eh?

Doesn't work like that.

I'm afraid it does work like that, you're telling porkies again mate.

 

[MikeH72]

It's the 13th of July.

 

[davek]

I'm afraid it does work like that, you're telling porkies again mate.

*sigh*

 

[Foot Long Hot Dog]

*sigh*

*bubbled*

lol

 

[GeorgeK]

It's merely a function of cash flow - but even that is dramatically overstated

How much of the Lukaku money did we receive as a first instalment, for example? Enough to finance first instalments on all of our other transfer dealings and signing bonuses, VAT, Premier League levies etc?

Of course not

Genuinely, and I mean no disrespect here at all, I see the term "net spend" and I instantly assume the poster hasn't got the first idea what they're talking about

That's why we took out a credit line from a Chinese bank.

 

[davek]

*bubbled*

lol

Can someone tell this feller how I'm able to see a thread but I cant (thankfully) see the OP in it?

Thanks.

 

[Brisan123]

Summer transfer spend so far:

£98M

Summer sales so far:

£108M

With SO FAR being the important words Dave

 

[widnesblue]

It's merely a function of cash flow - but even that is dramatically overstated

How much of the Lukaku money did we receive as a first instalment, for example? Enough to finance first instalments on all of our other transfer dealings and signing bonuses, VAT, Premier League levies etc?

Of course not

Genuinely, and I mean no disrespect here at all, I see the term "net spend" and I instantly assume the poster hasn't got the first idea what they're talking about

I agree with you mate! The word net spend is blown out of proportion. It would be a valid arguement that, if we pocketed the Lukaku money and not invested it to the first team squad. Spurs have been doing it for years, they've improved their finances, grown as a club and most importantly...improved their squad and finishing higher in the league.

It will be a slow process, if we are patient, it will change the way we do business. It will push us leaps and bounds in the coming years. We will improve in every department.

 

[Brisan123]

I dont need to. I have him on ignore for a reason.

It's all bunkum to try and avoid the FACT that we are seeing zero difference to our plan we've had for years: sell players-----> buy players with the proceeds.

If some need to believe those days are over to have some pride in their club again and believe we've made some great leap forward that's nice for them. It isn't true though.

The only time that changes is when we keep our best players and buy good ones to join them. That necessitates a net spend...funnily enough.

You can only keep your best players if they want to stay
Roberto and Kenwright didn't build a club or a team that players wanted to stay with.
Maybe Moshiri and Ronald will do this given time.

 

[toffeeblue9]

That's why we took out a credit line from a Chinese bank.

I should just point out, by the way, that I'm not suggesting Moshiri has funded everything himself out of his own pocket

He may have injected some working capital at some point, but more of the spending power will be about the lack of requirement for us to service long-term debt which he has paid off, the lack of requirement to pay for bridging loans, increase in commercial revenues, TV money increases etc etc

Anyone thinking Moshiri is just putting his hand in his pocket to fund everything is living in a bit of a fantasy world IMO, but he has made a big difference to the way which we finance ourselves

The line of credit is, to all intents and purposes as far as I can work out, an overdraft facility. No more, no less.

 

[Foot Long Hot Dog]

Can someone tell this feller how I'm able to see a thread but I cant (thankfully) see the OP in it?

Thanks.

How can a thread be visible without the OP?

I've just put him on ignore to test that I was correct, and hey presto the thread disappears.