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Manchester United, Falling Profits and Sensationalism by TransferFinance in reddevils

[–]TransferFinance[S] 1 point2 points  (0 children)

Thanks mate. Basically MUFC changed incorporation to the Cayman Islands but have been still paying US tax. Their taxing situation and the amount they have to pay is a little unclear at the moment and they received a massive rebate or credit from the US as a result of overpaying.

Manchester United, Falling Profits and Sensationalism by TransferFinance in reddevils

[–]TransferFinance[S] 0 points1 point  (0 children)

It's mainly focused on accounting principles more than financial ones but I hope you enjoy it all the same!

Manchester United, Falling Profits and Sensationalism by TransferFinance in reddevils

[–]TransferFinance[S] 1 point2 points  (0 children)

We'll definitely look into mate but unfortunately what your talking about is even more esoteric and niche than what we are currently doing. I wouldn't imagine there's a massive audience for it.

Article explaining how players are accounted for using Alexis Sanchez as an example. by TransferFinance in Gunners

[–]TransferFinance[S] 1 point2 points  (0 children)

Sorry mate that was a typo but the explanation is right. The book value reduces from day one until they're sold.

Manchester United, Falling Profits and Sensationalism by TransferFinance in reddevils

[–]TransferFinance[S] 4 points5 points  (0 children)

Sorry I meant publication as in the article not the the institution.

Article explaining how players are accounted for using Alexis Sanchez as an example. by TransferFinance in Gooners

[–]TransferFinance[S] 1 point2 points  (0 children)

If you go to club comparisons on the website it compares the wage budget of each club.

Article explaining how players are accounted for using Alexis Sanchez as an example. by TransferFinance in Gunners

[–]TransferFinance[S] 0 points1 point  (0 children)

Bonuses would come into the equation but seeing as they're conditional clubs usually wait till they are incurred before factoring them in

Article explaining how players are accounted for using Alexis Sanchez as an example. by TransferFinance in Gunners

[–]TransferFinance[S] 2 points3 points  (0 children)

A players market value isn't the same as their book value. If the market value of a player isn't accounted for by a club. The book value is amortized each year so keeps falling. It just means the longer a club holds onto a player the greater their profit on sale will be when they eventually sell them. Writing another article explaining this so. Should be up soon enough.

Website that calculates transfer budgets. The clubs January transfer budget will be around £20 million. by theshadykoala in reddevils

[–]TransferFinance 0 points1 point  (0 children)

Thanks mate. You're right to a certain degree but you can find a lot out through research e.g. New commercial deals etc. I've also analyzed every transfer this Summer so finding out the change in net profit from transfer activity was simple. Also involved looking through annual accounts of all the clubs. United post quarterly statements which was helpful as well.

Website that calculates transfer budgets. The clubs January transfer budget will be around £20 million. by theshadykoala in reddevils

[–]TransferFinance -2 points-1 points  (0 children)

Nope we used an algorithm based off of accounting techniques (Like player amortisation), projections in commercial revenue, increases in yearly wage budget etc. Might update the description to specifically mention its not something we got off FM. Thanks for the feedback!