that's completely wrong mate. you can't base your valuation on cash flow only. forget the cash flow, just forget it.
it wasn't a barter. it was two separate deals: pjanic was sold for 60m (and that revenue is already accounted in the previous, already closed financial year, done deal, we can already forget it, has ZERO influence on current books), while arthur was bought for 72m + bonuses. i repeat: two separate deals, two separate contracts on paper. that's how accounting works. it's not gymnastics, it's basic accounting. we've been through this in the romero thread already. you can't ignore the contracts, in fact, that's the only thing that matters when it comes to player valuation.
i don't want to completely derail the thread and discuss in details how profit is calculated, just a short remark:
those marked are the two lines that matter the most when it comes to profit calculation and the squad's costs. arthur's amortization is based on the 72m (+eventual bonuses) contractual value, not on some "$$$ we paid over pjanic" nonsense.
Bro I don't want to derail it either. I don't care about the books.
I only know that those are fixed sums. There is nothing that changes
We got 60 million + contract of Pjanic with bonuses and all that going out.
We got 82 million + contract and bonuses + agent fees going in.
After we can talk about yers on said contracts.
I don't know how more Pjanic had and how long Arthur signed, but even if Arthur has a longer contract, he still plays for the club and he is still an asset for said club with the potential to turn a profit anytime during his period of his contract.
Now you tell me what numbers do change in the grand scheme of things?
Is Arthur transfer + contract + agent fee going to cost more as time goes one, like besides those numbers we gonna incur extra payments?
The answer is clearly no, unless we extend his contract upward(loss) or downward(profit).
These are fixed summs regardless of how they look in the books and the time we have him on our books.
Why aren't you calculating costs and benefits on a one transaction basis and tell me where I am wrong in my calculations?
Do you mean to say that since both deals are separated, we would have signed Arthur for 82 million, regardless of Pjanic sale?
Also you convinently forgot to circle in your image of income statement the part of
"Revenue for players registration rights" - 172 million.
How would 172 - 60(from Pjanic look like)/divided by the number of installments.
You can circle that also.
Or the "player wages and staff salaries" since Pjanic had a 1 million extra of salary that would have looked like 260 million 273 thousand.
Right?