Cronios

Juventolog
Jun 7, 2004
27,519
There is a certain ammount we can commit every year, which not always set, this year we had increased income, so this will by bigger.
And the ammount we commit is not always the ammount we pay.
Yes we will have to pay installments, but this ammount was commited in previous years. It doesnt mean that it we will buy less this year, since noone is forcing to pay last year installments and in cash for every single acquisition this year.
We will commit a sum and still set some installments for the coming years, it has always been this year, this year's budget will not be lesser just because only now some fans have discovered that we are paying installments from previous years...

Still, this is not an excuse for Marotta, because he knew that the coming years we are going to need to buy a finisher and he should not do the some budget alloacations that would jeopartise that, like Isla and Peluso for ex.

And if the ammount we have available to commit this year is 50mil for ex, (our average transfer budget) no one says that we cannot commit on one 50mil transfer, or we have to share in five 10mil. ones.
Only our board can and will set such a limit, not because we cannot afford but because of another reason.
For example, not trusting enough our transfer director and prefer not to risk a sum on a single transfer.

Still not an excuse for Marotta either...

And lastly, a sale would create the extra funds we would be lacking, yet another field Marotta can run away from with cheap excuses...

The ammount we have commited on Asamaoh and Isla alone last year, could land us Higuain, we can afford the transfer, the player and the clubs are willing, it is obviously MArotta's incompetence to complete the deal that is preventing us from doing so...
 

Vlad

In Allegri We Trust
May 23, 2011
24,029
There is a certain ammount we can commit every year, which not always set, this year we had increased income, so this will by bigger.
And the ammount we commit is not always the ammount we pay.
Yes we will have to pay installments, but this ammount was commited in previous years. It doesnt mean that it we will buy less this year, since noone is forcing to pay last year installments and in cash for every single acquisition this year.
We will commit a sum and still set some installments for the coming years, it has always been this year, this year's budget will not be lesser just because only now some fans have discovered that we are paying installments from previous years...

Still, this is not an excuse for Marotta, because he knew that the coming years we are going to need to buy a finisher and he should not do the some budget alloacations that would jeopartise that, like Isla and Peluso for ex.

And if the ammount we have available to commit this year is 50mil for ex, (our average transfer budget) no one says that we cannot commit on one 50mil transfer, or we have to share in five 10mil. ones.
Only our board can and will set such a limit, not because we cannot afford but because of another reason.
For example, not trusting enough our transfer director and prefer not to risk a sum on a single transfer.

Still not an excuse for Marotta either...

And lastly, a sale would create the extra funds we would be lacking, yet another field Marotta can run away from with cheap excuses...

The ammount we have commited on Asamaoh and Isla alone last year, could land us Higuain, we can afford the transfer, the player and the clubs are willing, it is obviously MArotta's incompetence to complete the deal that is preventing us from doing so...
It was in the past as we needed quantity. But you come to a point when you risk for your equity/debt leverage to break. If you have 3 times less capital than what your current liabilities are or 4 times less current assets compared to again current liabilities you have to wonder for how long you'll be able to meet payments. It's not just spend, spend, spend. Marotta is a cheapskate, incompetent and so on. There is much more.
 

Cronios

Juventolog
Jun 7, 2004
27,519
It was in the past as we needed quantity. But you come to a point when you risk for your equity/debt leverage to break. If you have 3 times less capital than what your current liabilities are or 4 times less current assets compared to again current liabilities you have to wonder for how long you'll be able to meet payments. It's not just spend, spend, spend. Marotta is a cheapskate, incompetent and so on.
We did not needed quantity, that was a BS excuse to justify some small time transfers.
Even when we came back from serie B, we did not need quantity IMO, two starters per years and youngsters from depth was ok.
I disagree with this notion persoanlly, since 2006 and the fact that were now left with two many squad players that we cannot rid of, it just proves my point.


But at any case, Secco was buying squad players each and every year, we had a gazillion of squad player, what we needed was upgrades in quality and a proper coach able to take the best out of them.
The faulty impression that we needed quantity is yet another managerial mistake, Giovinco is a prime example, keeping him as a sub, instead of buying a 15mil SS each and every year alone would have saved us lots of money.
Using youngsters for depth and saving money to buy better players instead of spending 5mil every 6 months on new Padoins and Pelusos would also give us better results.
Even worse, if depth was a problem, we could have kept players like Diego, Melo and Krasic for depth as well, instead of releasing them or gift them away for peanuts.

But obviously dpeth was not a problem when you loan away Amauri, only to buy Matri and then Vucinic and then spent half of that ammount to get Giovinco's half etc.
It was obvious that we were seeking to upgrade quality, but we simply couldnt do better.

Marotta has spent all his carrier in small time clubs, it is normal to thing this way, this one more reason he needs to be replace by a manager of the Juve's caliber, the caliber we aspire to reach once again.
2years ago, when Conte arrived, he demanded quality, but the again Marotta failed and got many squad players.
In the next year, Conte has again demanded quality, but again Marotta has failed and bought a load of players, instead of a couple of top ones and again his apologists said it is for the best, as we will compete in more fronts next season, again we have loaned away our youngsters and 25mil acquisitions, only to buy or loan replacements in their place.

And here we come again, again Conte has demanded quality, actually this was one of his condition to sign his new contracts a few weeks ago,
but again Marotta will fail to get starters and start wasting our budget and time with Sampdoria class players...

Each and every year, in the past decade, we spend the 80% of our budget to new CM and SS and yet we have done nothing to improve our depth in LB, finisher and CB positions.
If depth was our sole purpose, should we start on the positions we were less covered first?
And if that just didnt happened one season, how comes the pattern repeats itself for so many consecutive seasons?
 

Vlad

In Allegri We Trust
May 23, 2011
24,029
@Cronios
When players like DP, Trezeguet, Nedved, Camo etc started to fade away or eventually were released we couldn't replace them with 1-2 great signings per year. That's something Secco and Blanc should have thought about when they were still around. And no there weren't gazillion squad players. Only useless garbage like Grygera, Tiago, Salihamidzic, Amauri...
Keeping the likes of Diego, Krasic and Melo and leaving them on the bench would only further decrease their sale value. We were lucky to receive the offers we have for them. Melo is still here unfortunately but I expect it to be solved very soon.
As for Marotta spending his whole career with small clubs? Well you have to learn somewhere. You don't expect big clubs to hire inexperienced person for GM. Where was Galliani before Milan, Moggi before Napoli and so on...
Conte asked for quality 2 years ago? What are Pirlo, Vidal, Licht if not quality players? Last year we had different problem. It's very hard you know to lure top players into your club when first team coach is facing 1 year suspension.
Marotta had his blunders and no one is denying that. Certainly 12M on Martinez or 15M on Krasic could have been spent wisely. But you disregard good things and excessively exaggerate bad ones which makes discussion kinda pointless. We'll see how this summer turns out. Transfer period hasn't even started.
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,801
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.
going over accounting basics, it still provides no basis to your or zach's initial statement about transfer limitations per player
 

Vlad

In Allegri We Trust
May 23, 2011
24,029
going over accounting basics, it still provides no basis to your or zach's initial statement about transfer limitations per player
Oh my fucking Good. It's not something you'll find in a manual. But I applaud for your thirst for knowledge even though I know you're messing with me. :tup:
What are the limitations I said? I wrote it gazillion times and I'll repeat it again. I expect roughly 40M to be invested in certain players this summer. I don't believe we'll pay anyone over 25M in cash independent of installments. This budget can variate depending on departures. It's not something fixed and I could be wrong. Just my opinion. I also said somewhere last fall that we'll record loss 10-15M this year. Again just an opinion. We can record profit if our shirt sales suddenly booms in China for example.
Economy is not an exact science. If it was the world would function much better and companies would never bankrupted. You would be able to always calculate with exact precision consequences of your decision. Now you can use math only for estimates.
In the past there were limitations undoubtedly over investments in one player as we needed to replace most of the senators and there wasn't enough money to be wasted on a single player.
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,801
no i meant you were simply going over accounting basics, i am familiar with the above as I have been in finance in a capactiy or another for the last 13 years. Despite your efforts to interpret strategy based on numbers all facts point to the opposite direction, we have aggressively wooed players prices in the 30s to no success.
 

Vlad

In Allegri We Trust
May 23, 2011
24,029
no i meant you were simply going over accounting basics, i am familiar with the above as I have been in finance in a capactiy or another for the last 13 years. Despite your efforts to interpret strategy based on numbers all facts point to the opposite direction, we have aggressively wooed players prices in the 30s to no success.
And you fail to understand the difference between amortization or players wages, or how cash injection increases capital while you were writing about loss and so on.. And some of the things mentioned were not basics and some I didn't even write because it's not time or the place. I'm also in economy. I pretty much read FR all day and wright my opinions over some positions concerning companies health. And usual staff common in my line of work. Among other things I familiar with IASB which is necessary for better comprehension. First read those if you want to learn. Start with IAS 16 and go on.
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,801
yes i dont understand that when you casually and incorrectly assume every player purchase will be amortized and on top of that not even mention interest. As for cash injection, that already presupposes the lack of funds and existence of loss duh and said cash injection will not affect profit in the short term DUH! anyways i am done wasting my time justifying myself to your ramblings and trying to show you what is very obvious to see. do us all a favor though and stop talking about this 20-25 or whatever limit you imagined.
 

Vlad

In Allegri We Trust
May 23, 2011
24,029
yes i dont understand that when you casually and incorrectly assume every player purchase will be amortized and on top of that not even mention interest. As for cash injection, that already presupposes the lack of funds and existence of loss duh and said cash injection will not affect profit in the short term DUH! anyways i am done wasting my time justifying myself to your ramblings and trying to show you what is very obvious to see. do us all a favor though and stop talking about this 20-25 or whatever limit you imagined.
:lol: You still have a job?
Every players purchase will be amortized over his useful lifetime. That's a fact. You can find it in international accounting standards. They are classified as non material assets IAS 38.
And when did I say cash injection will influence profit. They can't. But they influence capital. Profit as a part of the income statement becomes retained earnings or reatained loss in balance sheet under position capital. Every cash injection will influence capital and offset eventual loss. That's basic. You should actually read what I wrote.
And you do everyone a favor and stop discussing over things you clearly have a limited knowledge about.
 

Cronios

Juventolog
Jun 7, 2004
27,519
@Cronios
1-When players like DP, Trezeguet, Nedved, Camo etc started to fade away or eventually were released we couldn't replace them with 1-2 great signings per year. That's something Secco and Blanc should have thought about when they were still around.

2-And no there weren't gazillion squad players. Only useless garbage like Grygera, Tiago, Salihamidzic, Amauri...


3-Keeping the likes of Diego, Krasic and Melo and leaving them on the bench would only further decrease their sale value. We were lucky to receive the offers we have for them. Melo is still here unfortunately but I expect it to be solved very soon.

4-As for Marotta spending his whole career with small clubs? Well you have to learn somewhere. You don't expect big clubs to hire inexperienced person for GM. Where was Galliani before Milan, Moggi before Napoli and so on...

5-Conte asked for quality 2 years ago? What are Pirlo, Vidal, Licht if not quality players? Last year we had different problem. It's very hard you know to lure top players into your club when first team coach is facing 1 year suspension.

6-Marotta had his blunders and no one is denying that. Certainly 12M on Martinez or 15M on Krasic could have been spent wisely. But you disregard good things and excessively exaggerate bad ones which makes discussion kinda pointless. We'll see how this summer turns out. Transfer period hasn't even started.
1-Tell that to the Secco and Blanc apologists, i was insisting from the very first day, that the attack on us was to robb us from our most valuable aspect, the main reason that kept us competitive, the triade and the reforming should start from there, or we are to waste the decade in a slow rebuild...
2-well thats exactly what depth players are supposed to be, only that they were used as difference makers...
3-They should form as fillers and then depth, releasing them for frm, buy new fillers and then extra depth makes no sense...
4-So, we are to be the test ground? The place for experiments, smaller clubs do that, that they have less to do, not established clubs. When we got him, we couldnt afford more, no we can!
5-Pirlo, vidal, Vucinic and Pogba were opportunity targets. Good players of course and conte took the better of them, but we were stacked up in those positions (CM and SS), Marotta took them just because they happened to be available for a good bank for the buck. There is a surplus in production of CMs and SS, they are easier to find and opportunity arises, thats why Secco was buying a pair in each and every year. What we lacked the most though and would have the biggest impact didnt!
The Italian NT for has a headache to decide upon the CMs and SS, but have little to no options on the LB, LM and finisher, those positions have limite supply, they cannot be fixed with random opportunity targets. This is where a proper transfer manager would show his value. And thats why i insist considering Licht as Marotta's finest transfer!!
But i have litlle respect for opportunity targets, anyone with the right money and Juve's name on his back can accomplish them, even Secco did.
And whats worse is that many times it comes in the expense of what we need the most.
6- I dont disregard or exaggerate as much as the Marotta apologists, for every one Licht, Marotta has bought 3 Elia, Motta and Isla, so its the numbers that actually count against him...
and when we have a 25mil acquisition go wrong, its not like its smth that can be taken lightly and can be easily overlooked, esp when its so platanly obvious that it will fail and we are about to pay a huge cost for this. I have objected a huge number of transfers for very specific reasons, which were in time proven correct. If i, a simple fan could see that and avoid it, then how comes a man paid for this job and trusted 25mil for a transfer couldnt? Marotta has made many elementary mistakes and whats worse is that he is not learning anything from them, he has the tendency to repeat them.
Prime example, we suffered from Molinaro so much and then he brings freebies like Grosso and Zeglier and now Peluso, he just never learns. The co own deals without clause is yet another proof that he has learnt nothing from his mistakes.
Wasting the entire summer transfer window on unrealistic targets like Dzeko and because of that end up with Borriello, didnt prevent him to lose another one for RVP and end up with Bendtner...
He may not had the the experience of big clubs, but he ought to have the intelligence not to get owned from the same issue over and over again...
we have seen enough, there should be no more tolerance, but he will be given another chance anyway.

I blame this one on our board, they are at fault if Marotta will once again prove his incompetence and we will fail to grow where we needed the most and waste one more season with mediocre depth transfers.
It remains to be seen indeed, a Diamanti would just end the debate...
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,801
:lol: You still have a job?
Every players purchase will be amortized over his useful lifetime. That's a fact. You can find it in international accounting standards. They are classified as non material assets IAS 38.
And when did I say cash injection will influence profit. They can't. But they influence capital. Profit as a part of the income statement becomes retained earnings or reatained loss in balance sheet under position capital. Every cash injection will influence capital and offset eventual loss. That's basic. You should actually read what I wrote.
And you do everyone a favor and stop discussing over things you clearly have a limited knowledge about.
i concede that point i was wrong in assuming it would follow the tangible asset route of depreciation, but that is a minor detail in this conversation where you are still rambling about how these numbers confirm a conclusion out of thin air.
 

Vlad

In Allegri We Trust
May 23, 2011
24,029
i concede that point i was wrong in assuming it would follow the tangible asset route of depreciation, but that is a minor detail in this conversation where you are still rambling about how these numbers confirm a conclusion out of thin air.
This minor detail cost us around 50M per year. :lol: Just a pocket money I guess.
 

Vlad

In Allegri We Trust
May 23, 2011
24,029
the way you report cost doesnt actually affect it you genius all you are discussing is book keeping like the boring accountant you are
You're entertaining business man I guess?
And you should really read those standards. I can't explain everything to you.
 

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