We bought melo for 25 mil , 3 years have passed so thanks to amortization
25 mil / 5 years = 5 mil per year
5 mil * 3 years = 15 mil
25 - 15 = 10 mil
If we sell melo for 10 we don't make a minus , we will probably sell him for 8 mil which means a 2 mil minus on the account books , which is pretty acceptable since he is on 3.6 mil wages .
There is no problem if we sell him for under 50% of what we got him , you don't and can't make a profit out of everything and even if you do you have to sell him for more than 10 mil to make a profit , there is no logical explanation why we should call it a success only if we sell him for over 50% (12.5 mil) .
The point is to minimise damages, respect our invested capital and avoid making silly mistakes like Piazenzas and Padoins...
Marotta took a very hasty decision on this deal, it was a lose-lose situation, it was the worst possible moment to loan him and the worst possible destination.
Even keeping him would be far wiser, managerial wise.
I ve explained in great detail back then, also analyzed the alternatives. And it happened exactly as i expected, we were forced to waste even more money to Padoin and Piazenzas and lose the bigggest part of our investment.
And whats worse, is that this was not an exception, but this is happening again and AGAIN, with Marotta proving every year that he is completely incapable to complete decent sales...
Melo is yet another example and when i was using it as such, Marotta's boyfriends were claiming that this choice will end up well and i was wrong to accuse him and so here we are again, in the critical moment when the history will prove if i was right to criticise this loan deal or not...