Giuseppe Marotta (74 Viewers)

[ZoSo]

We had like 13 ? 17 mil net at the end of the campaign

11.7 goes into the continessa project

then there is peluso and asamoah deals.

You don't realise that we have probably don't have a cap for one player. There is obviously a certain amount that is too much, probably 30m+, but I imagine they would look at the transfers on a player by player basis and see what is acceptable for each player and whether it's worth it to spend extra on one player than another. They may initially think they don't want to spend more than 20m but then an opportunity might present itself for a much better player that may cost say 26m, but after analysing they may decide it is worth it.

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black isn't a slang name, you racist fuck

 

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[GordoDeCentral]

Continessa project :

On 11 June 2010 Juventus acquired a 50-year leasehold on the 270,860 m² Continassa area from the Turin city council for €1 million with the aim to redevelop over ten years with a series of projects and an investment of at least €60 million.
The project includes, among others, the construction of the future headquarters of the club - which will be built in the Continassa, the club has pledged to construct a Juventus Soccer School (the school football team Juventus) and will also build hotels.


From juventus website :

11.7 million to be immediatly funded by juventus themselves

11.7 million to come out of loans

Don't know if you're serious or just sarcastic but it wasn't that. If had that money we would have spent it.

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Yep that's it.

what is this have to do with setting a 20 million limit on player purchases?

 

[Zacheryah]

Well, a lot of people agree that we need a CF no matter what this upcoing season. That makes me retarded too?.

Seriously.... just in the case that your mathematical calculations are precise... and we are indeed tight in budget...why on earth we are on the mercato anyways?. Its better to call it a day right now...and do not spend our budget in "opportunity" transfers then.

But be prepared...we will not get much forward of what we did last CL without a prolific striker.


Ill just say that, we are in our momentum. We need to make this opportunity of ours worth. If we stall this purchase season after season...we will not now when we will return to the not so good sayd. So better to capitalize now. This is a unique opportunity for us.

I dont disagree with you. We NEED a striker next to Llorente. After aguero and zlatan, Higuain is my favorite forward. So i want him perhaps more then you :tongue:

i really hope we can agree a deal with real. But beeing a realist, i know there are reasons why we couldnt, sadly

black isn't a slang name, you racist fuck

Actually, black is a slang name. Saying nigger is racist.
Dont bullshit me about this, we got quite a few african born guys in our course, and in my previous course. They are awesome and can joke about anything, colour, what the hell they'll joke about it to, especially if it can be related to penisses. But not the N word. Thats not done, so we dont.

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Well, a lot of people agree that we need a CF no matter what this upcoing season. That makes me retarded too?.

Seriously.... just in the case that your mathematical calculations are precise... and we are indeed tight in budget...why on earth we are on the mercato anyways?. Its better to call it a day right now...and do not spend our budget in "opportunity" transfers then.

But be prepared...we will not get much forward of what we did last CL without a prolific striker.


Ill just say that, we are in our momentum. We need to make this opportunity of ours worth. If we stall this purchase season after season...we will not now when we will return to the not so good sayd. So better to capitalize now. This is a unique opportunity for us.

what is this have to do with setting a 20 million limit on player purchases?

its not "exactly 20mil"

Its just that there is only so much we could add to the payment list. and it seems, we arent able to go much over 20 mil.

I'm frustrated about it, as 25 would probably convince real, but its sad reality. fucking serie a

 

[ZoSo]

Actually, black is a slang name. Saying nigger is racist.
Dont bullshit me about this, we got quite a few african born guys in our course, and in my previous course. They are awesome and can joke about anything, colour, what the hell they'll joke about it to, especially if it can be related to penisses. But not the N word. Thats not done, so we dont.


its not "exactly 20mil"

Its just that there is only so much we could add to the payment list. and it seems, we arent able to go much over 20 mil.

I'm frustrated about it, as 25 would probably convince real, but its sad reality. fucking serie a

That fact that you think of them differently and treat them differently clearly indicates racism.

'Serie A'

 

[GordoDeCentral]

I dont disagree with you. We NEED a striker next to Llorente. After aguero and zlatan, Higuain is my favorite forward. So i want him perhaps more then you :tongue:

i really hope we can agree a deal with real. But beeing a realist, i know there are reasons why we couldnt, sadly



Actually, black is a slang name. Saying nigger is racist.
Dont bullshit me about this, we got quite a few african born guys in our course, and in my previous course. They are awesome and can joke about anything, colour, what the hell they'll joke about it to, especially if it can be related to penisses. But not the N word. Thats not done, so we dont.

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its not "exactly 20mil"

Its just that there is only so much we could add to the payment list. and it seems, we arent able to go much over 20 mil.

I'm frustrated about it, as 25 would probably convince real, but its sad reality. fucking serie a

thats not my point, you dont know how these obligations are worked out or how exactly they affect our cash flows, what you have presented in terms of strategy and transfer limitations is speculation at best, especially the one player transfer limit. the fact is we have aggressively pursued aguero, even agreeing terms with the player, this is not speculation. the other fact is this dudes contract is yet to be renewed the guy singing his checks is not convinced by his performance. If you are indeed a scientist you will easily recognize which makes more sense irrespective of bias or ego.

 

[Vlad]

what is this have to do with setting a 20 million limit on player purchases?

I didn't set 20M because of that and I was referring to past years. But it will impact our spending in this campaign. Hard to tell the limit as no one except board can do it.

I was just saying in the past we haven't spent more than that figure by just simply looking at our financial reports and important positions such as liabilities in balance sheet and amortization along with wages in the income statement. We recorded significant losses in the last two years so any huge spending would indirectly increase our costs through amortization and directly through wages. Given the fact more money exited club we would have to increase our net debt even further increasing our exposures to various types of risks such as credit and liquidity one. Operational one dependent on our results is also taken into consideration. And so on...

30M player on 5 year contract would mean 6M per year of amortization. Most players we brought were cheap one who accepted moderate wages 2-3M and being the cheap they wouldn't increase amortization costs significantly.
Also there is lot of explanation in the notes for some of our actions and general forecasts.
Every component of balance sheet, income statement and cash flow statement is thoroughly explained. You just need to read.

 

[Zacheryah]

That fact that you think of them differently and treat them differently clearly indicates racism.

'Serie A'

I dont threat them diffrent ? We joke around and dont go about what they dont like. Hence i dont have an urge to do it anyway

thats not my point, you dont know how these obligations are worked out or how exactly they affect our cash flows, what you have presented in terms of strategy and transfer limitations is speculation at best, especially the one player transfer limit. the fact is we have aggressively pursued aguero, even agreeing terms with the player, this is not speculation. the other fact is this dudes contract is yet to be renewed the guy singing his checks is not convinced by his performance. If you are indeed a scientist you will easily recognize which makes more sense irrespective of bias or ego.

hm, Nothing besides media ever claimed we agreed therms with aguero. Especially since he later signed for double at city. Would be strange if he agreed with us for half.

Marotta is more then the guy that signs the deals. He is behind the entire project's finances,and from financial pov he's doing an excellent job.
About the signing of a top player, we try to pull of deals, that we can get with a bit of luck, wich we havent gotten so far.

Sure, we could have go "oh fck continessa" and sign higuain for 28 mil or sth, but long term, what we did now is far more benificial

 

[icemaη]

thats not my point, you dont know how these obligations are worked out or how exactly they affect our cash flows, what you have presented in terms of strategy and transfer limitations is speculation at best, especially the one player transfer limit. the fact is we have aggressively pursued aguero, even agreeing terms with the player, this is not speculation. the other fact is this dudes contract is yet to be renewed the guy singing his checks is not convinced by his performance. If you are indeed a scientist you will easily recognize which makes more sense irrespective of bias or ego.

Why would his contract which runs till 2014/2015 need to be renewed now?

Can you put more than one letter in your username Abel? Can't tag you with one letter

 

[GordoDeCentral]

Why would his contract which runs till 2014/2015 need to be renewed now?

source?

 

[ZoSo]

I dont threat them diffrent ? We joke around and dont go about what they dont like. Hence i dont have an urge to do it anyway



hm, Nothing besides media ever claimed we agreed therms with aguero. Especially since he later signed for double at city. Would be strange if he agreed with us for half.

Marotta is more then the guy that signs the deals. He is behind the entire project's finances,and from financial pov he's doing an excellent job.
About the signing of a top player, we try to pull of deals, that we can get with a bit of luck, wich we havent gotten so far.

Sure, we could have go "oh fck continessa" and sign higuain for 28 mil or sth, but long term, what we did now is far more benificial

@JuveJay

 

[icemaη]

source?

...

Again, I must ask. Where does all this renewal stuff come from?



http://www.juventus.com/wps/wcm/con...&CACHEID=9a6399f5-8fa9-451f-9d57-e91f5ed1c398


Link edited.

 

[Zacheryah]

source?

actually this is new to me, but it would be great if true

@JuveJay

he's the leader of the team, and he takes decisions based on their feedback, and ultimately, bares the responsibility.

Actually, thats what every CEO does. Welcome to corporate level

 

[GordoDeCentral]

I didn't set 20M because of that and I was referring to past years. But it will impact our spending in this campaign. Hard to tell the limit as no one except board can do it.

I was just saying in the past we haven't spent more than that figure by just simply looking at our financial reports and important positions such as liabilities in balance sheet and amortization along with wages in the income statement. We recorded significant losses in the last two years so any huge spending would indirectly increase our costs through amortization and directly through wages. Given the fact more money exited club we would have to increase our net debt even further increasing our exposures to various types of risks such as credit and liquidity one. And so on...

30M player on 5 year contract would mean 6M per year of amortization. Most players we brought were cheap one who accepted moderate wages 2-3M and being the cheap they wouldn't increase amortization costs significantly.
Also there is lot of explanation in the notes for some of our actions and general forecasts.
Every component of balance sheet, income statement and cash flow statement is thoroughly explained. You just need to read.

we would record losses regardless of what is spent on players due to injection of cash. btw you are using the term amortization wrong here it should be payroll, as salary is not a debt

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...

do you know what that says?

 

[Vlad]

we would record losses regardless of what is spent on players due to injection of cash. btw you are using the term amortization wrong here it should be payroll, as salary is not a debt

No it's amortization. Wages are separate cost. Bringing a player for certain amount have two types of costs.
And debt has increased because of investments ( stadium, transfer fees, other projects...). I never said salaries.
And what injection of cash from the board have anything to do with us recording the losses? If anything it increased our capital and released funds for transfers. Not disregarding the fact we avoided bunkruptcy. Our capital at the end of 2011 business year was at its lowest allowed by Italian law -4.9M.

 

[JuveJay]

@JuveJay

No comment really needed...

 

[ZoSo]

he's the leader of the team, and he takes decisions based on their feedback, and ultimately, bares the responsibility.

Actually, thats what every CEO does. Welcome to corporate level

That is Agnelli.

Ah, you are a CEO I see

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No comment really needed...

 

[GordoDeCentral]

No it's amortization. Wages are separate cost. Bringing a player for certain amount have two types of costs.
And debt has increased because of investments.
And what an injection of cash from the board have anything to do with us recording the losses? If anything it increased our capital and released funds for transfers. Not disregarding the fact we avoided bunkruptcy. Our capital at the end of 2011 business year was at its lowest allowed by Italian law -4.9M.

ok i misunderstood the 6 mil a year, as not all purchases are amortized. As for cash injections they come in return for equity so they are not profits which would put yearly balance on teh green.

 

[AFL_ITALIA]

So what I've gathered from the past few pages is that we're going to have to pull an Arsenal on the transfer market (not the pathetic mentality towards winning) for the next few years to pay for investments?

 

[Vlad]

ok i misunderstood the 6 mil a year, as not all purchases are amortized. As for cash injections they come in return for equity so they are not profits which would put yearly balance on teh green.

I never said that also. But they increase capital in return. Results from income statement are part of the balance sheet under accounting position retained earnings. If you record loss it decreases your overall capital which you can increase in two ways: emission of share to public or direct payments from the owners. Of course making profit is the third one but it was out of the question. Without those two interventions we would be in deep shite. And almost all long term purchases are amortized and are part of balance sheet. Land is exception and books I believe. Players, stadiums, licenses, and other objects which are classified to have more than 1 year of useful lifetime. Basically purchasing them you don't have immediate cost, your bank account decreases in cash flow statement, but you have amortization through their expected lifetime.
When you run out of capital it's game over.

 

[Zacheryah]

So what I've gathered from the past few pages is that we're going to have to pull an Arsenal on the transfer market (not the pathetic mentality towards winning) for the next few years to pay for investments?

It just means, we need to pay everything we do, in installments, as our liquid cash is mostly dried up, and about 20 mil could go on one player, not much more