nottsblue wrote:Beefymcfc wrote:nottsblue wrote:Not wanting to defend the rags in any wsy shape or form. But, surely as a company who trade with other European companies, they have a bank account in Euros as well as Sterling. Thus last year they wouldnt have paid £60m, they would gave paid whatever the exchange was back then in Euros. €75m at a guess.
Now they have agreed a fee of £44m. What is that now on Euros now the exchange rate is higher? €65m? Thus its a loss of €10m. Not as much as being quoted. Still a loss nontheless though.
The same logic can be applied to ourselves and the sales of Jovetic and Dzeko.
Of course, if exchange rates are less favourable the equation can work the other way. Should Madrid sell Bale for instance it will be for the same price or slightly higher in Euros than they paid. The Sterling price would be less however
Actually mate, Di Maria's initial transfer fee was report at £60 mil, that's GBP and they're letting him go a reported £44 mil which makes a book loss of approx Euros 28 million. In anybodies books, that's a huge loss.
However, as the goal and 3 assists he got in the early part of the season ensured them CL, then all is well and good.
But that is true if we assume the exchange rate of Euros to Pounds remains constant. It hasn't. In the last year the rate has gone from somewhere around 1.2 to 1.45. It is this which negates the loss, assuming the rags have a Euro account that they deal exclusively in. If they are stupid enough not to, then the loss is as large as reported as they will have converted Euros to pounds last year and this year. I just don't believe a top European club would conduct business this way.
It's an interesting subject that I know all too well. They're not daft but in this concept you're suggesting that we aren't in the same boat yet ours are put across as just.
We haven't got a clue on what they pay or how they pay, we just take the word of the media. The difference is that they pay through Caymen Islands, yet we are the dodgy ones.
As long as Blues don't start harping their shit, I'm happy.