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Luka Modric


DavidEU
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I'm not too worried about FFP. FFP won't change a thing, as long as corruption exists withiin FIFA, I believe FFP is doomed for failure.

The Swiss Ramble on twitter about this

Many people asking me about CFC chances of meeting FFP targets after purchases of Hazard and (probably) Hulk, so here’s a few thoughts.

1) CFC 10/11 loss (last year before FFP) was £67m, but that included exceptional items of £42m, so underlying loss was “only” £25m.

2) FFP allows some costs to be excluded (youth, depreciation, community), estimated at £18m, so CFC 10/11 loss was just £7m (in FFP terms).

3) FFP allows total losses of €45m (£36m) for first 2 years (11/12 + 12/13), if benefactor covers losses, so clubs have some leeway.

4) 11/12 CFC revenue boosted by CL win (£12m more prize money + gate receipts + sponsor bonuses), tho partly offset by player/coach bonuses.

5) CFC 11/12 PL revenue was £3m lower (6th place), but more from FA Cup win. Profit on player sales also likely to be lower than 10/11.

6) CFC 11/12 commercial revenue should have increased, not just from main Adidas & Samsung deals, but also secondary sponsors.

7) CFC 11/12 will be hit by pay-off to AVB (£12m?) and higher player amortisation, due to other purchases, e.g. Mata, Lukaku, Meireles, etc.

8) FFP allows exclusion of wages for players signed before June 2010, if break-even deficit only due to this factor, which will help CFC.

9) All in all CFC 11/12 per FFP rules still a loss, but within striking distance of FFP.

10) CFC 12/13 Hazard £32m & Hulk £38m obvs hurt FFP, but if 5 year contracts, annual impact only £12m player amortisation (£70m / 5 years).

11) CFC higher wages also a factor, but offset by departures (Anelka, Drogba, Kalou, Malouda, Boswinga, Ferreira, etc).

12) CL money up 20% in 12-15 cycle. CFC got £49m from CL last season – they (& others) simply cannot afford to miss out on qualification.

13) CFC could still pull a few irons out of the fire, e.g. stadium naming rights (Gazprom Bridge, anyone?).

14) So Hazard & Hulk obviously make it more difficult for CFC to meet FFP (it was already a struggle), but may be closer than most believe.

15) Please note that this is NOT an attempt to forecast next CFC figures, but just some food for thought.

https://twitter.com/#!/swissramble

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Really want hulk though... We had been lacking proper wingers and he can even come in alongside torres if need be.... But he actually likes to play RW.... It would be a great buy.

Lamps--Ram/Mik

Hulk----mata-----hazard

Torres...

:):)

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Why are we considering Modric for a potential 30-40 million when Cabaye had an equally good/better season than him and is well cheaper. Seriously guys!

C'mon!

Wouldn't it give you much more satisfaction to steal the Spuds best player?

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On the one hand we have no need for him. At all.

However.

Roman clearly feels he has money to burn and as a fan I don't have to answer questions like "Where am I going to play them all". Who on this forum would object to a squad full of Modric, Torres, Mata, Hazard, Hulk? I'm going to guess very few if none. Roman wants to rebuild. I'm inclined to just say go for it!! Buy anyone you want, it's only going to be fun to watch and with FPP looming, rebuilding has to be done sooner rather than later.

The key thing to consider is this,

Owners Equity

A club is only able to make the maximum Break Even Deficit in a Monitoring Period when a corresponding amount of equity is injected into the club.

Where the owner is not willing or able to inject equity, the club is only able to make a maximum loss of E5m over the first two-year Monitoring Period.

Roman will foot the bill, he's shown his intent. So for me anyway, I'm inclined to cast a blind eye over potential personnel problems and just enjoy whoever he brings in.

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