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Summer Transfers 2022 |
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Aug 15 2022, 02:05 PM
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The brightest sun is the purest gun
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From: Albania
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QUOTE (han2503 @ Aug 15 2022, 01:55 PM) It's not about me or you rating him though. It's about whether or not he's good enough t be a starter for a team like Milan. The Italian Champion and a CL side... He's shown us last season that's he's limited. Can be decent at times but nothing more. I just think this club needs better than the likes of Messias, there are other players that I don't think are or the right quality, but none of them are presumed to be starters by the club so it irks a lot less. But again, I am not disagreeing with you that Messias is not good enough to be our starter. I'm saying he has the qualities to be considered a decent sub. Now if he was signed with the intention of starting games then no, I don't agree with that. But I don't think that was the case, given our continuous interest in Ziyech for the past couple of months, and the fact CDK can very well play on the right. QUOTE (han2503 @ Aug 15 2022, 01:55 PM) Sure, players now a days are pushing for the bosman move. Why? Because it is far more lucrative for them and their agent. Moving clubs on a free gives them endless power in negotiations. They can demand signing on bonuses, higher salaries and their agents get commissions on top of that as well. But that is why you have to be aggressive and at time ruthless as well when dealing with players who are twisting your arm. And that is why you don't let contracts dwindle to the final year. Like I said, there has to be a strategic reason as to why the club is letting this happen. Elliott are not a bunch of fools. They are absolute experts when it comes to finances.
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Aug 15 2022, 08:10 PM
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Prima Squadra
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Joined: 6-January 06
From: Malta
Member No.: 1,109
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QUOTE (X-Offender @ Aug 15 2022, 02:05 PM) But again, I am not disagreeing with you that Messias is not good enough to be our starter. I'm saying he has the qualities to be considered a decent sub. Now if he was signed with the intention of starting games then no, I don't agree with that. But I don't think that was the case, given our continuous interest in Ziyech for the past couple of months, and the fact CDK can very well play on the right. Don't think CDK will be playing RW much, he's clearly seen as an AM. We'll see if we get Ziyech or someone else. But I really do not think we'll bring in 3 more players. We're already finding it very difficult to bring in the CDM and CB we absolutely need. Even Pioli has continuously said that we're going to get the midfielder and defender, but nothing about another winger/attacker QUOTE (X-Offender @ Aug 15 2022, 02:05 PM) Like I said, there has to be a strategic reason as to why the club is letting this happen. Elliott are not a bunch of fools. They are absolute experts when it comes to finances. Strategy doesn't really matter when you have your hands tied. And when you go into the final year of a player's contract your hands are in fact tied. And it is all up to the player at that point
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Aug 16 2022, 07:37 PM
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Prima Squadra
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From: Malta
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QUOTE (X-Offender @ Aug 15 2022, 10:04 PM) You were the one who said we should sell any player who doesn't renew with 2 years left. But we haven't done it, and there must be a reason why management is letting these contracts run their course.
I sort of know a motive. It has to do with what adjustments are made to the financial statements of an entity when it's acquired by another entity, but I'm not gonna bore y'all with it. Doesn't it make more sense to actually make money from your assets? Just blows my mind that we've already let all these players go for free and could do so again with even more valuable ones... Anyways, lots of chatter coming out of Germany that we're going for Ndicka. Honestly, this would be a great signing, and fits perfectly to our style. But If we go for him, I don't know what would be left for the midfield signing... I've always said that we should prioritise the midfielder. And go for a serviceable defender, maybe on loan + option type deal. But Ndicka is a good opportunity for a player on his final year which we shouldn't miss out on if the fee is within reason
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Aug 16 2022, 09:08 PM
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The brightest sun is the purest gun
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QUOTE (han2503 @ Aug 16 2022, 07:37 PM) Doesn't it make more sense to actually make money from your assets?
Just blows my mind that we've already let all these players go for free and could do so again with even more valuable ones... Basically, whenever you want to sell a company, the two most important things that potential acquirers will look at are the quality of earnings, and how much debt you hold. We currently hold no financial debt, so that is very, very positive. The quality of earnings is measured by EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit. It shows how much profit the company is generating solely based on its operations (and that is why elements like interest, tax etc. are not looked at). Operating profit is revenues minus operating expenses, which for a football club are primarily made up by football player wages. Hence, it's imperative to control salaries as much as possible, and consequently why we impose a salary cap and don't accomodate exaggerated demands like Donnarumma or Kessie's (Ibra is the sole exception). Another matter that is investigated during a due diligence (the process of examining the financial statements of the acquiree) is to scrap from operating profit any extraordinary or non-recurring items of profit/expenditure. These could be the profit from the sale of any asset (such as a building, machinery etc.), or in the case of football clubs, the sale of football players. That is done in order to get a better understanding of an entity's predictable annual earnings. Hence, whether we had sold Donnarumma, Kessie etc. or not, for the primary objective of Elliott, which was to gain from the club's sale, it would have made zero difference. Sure, we would obtained hard cash in return, but perhaps the club felt that Donnarumma, Calhanoglu and Kessie's contribution to the cause (be it CL access or the Scudetto) was too important to let them go prematurely. And they probably also felt that they could have renewed their contracts given the circumstances. There is definitely more to it, I am sure, but in a nutshell I think this pretty much explains our behaviour with relation to these renewals. This way, we've managed to keep salaries below our pre-imposed cap, and with increased revenues from new sponsorship deals etc. we've also improved our quality of earnings and become self-sustainable. Now we'll have to see what RedBird will bring to the table. If they purchased the club to make it glorious again, then I expect a gradual increase in the salary cap and more contract renewals (along with some more spending during the calciomercato).
This post has been edited by X-Offender: Aug 16 2022, 10:58 PM
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Aug 16 2022, 09:19 PM
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The brightest sun is the purest gun
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QUOTE (han2503 @ Aug 16 2022, 07:37 PM) Anyways, lots of chatter coming out of Germany that we're going for Ndicka. Honestly, this would be a great signing, and fits perfectly to our style. But If we go for him, I don't know what would be left for the midfield signing...
I've always said that we should prioritise the midfielder. And go for a serviceable defender, maybe on loan + option type deal. But Ndicka is a good opportunity for a player on his final year which we shouldn't miss out on if the fee is within reason This Ndicka guy seems like the real deal, I like him. Plus he's left-footed so that's a plus. I'm sure Paolo knows what he's doing. If he's willing to spend 15m for the CB, then he already has in mind who'll be signing in midfield, which could potentially be a loan with option/obligation. We'll see.
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Aug 19 2022, 03:06 PM
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Prima Squadra
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Posts: 39,627
Joined: 6-January 06
From: Malta
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QUOTE (X-Offender @ Aug 16 2022, 09:19 PM) This Ndicka guy seems like the real deal, I like him. Plus he's left-footed so that's a plus.
I'm sure Paolo knows what he's doing. If he's willing to spend 15m for the CB, then he already has in mind who'll be signing in midfield, which could potentially be a loan with option/obligation. We'll see. Seems like he wants to leave on a free... Wants a big windfall from his move. Don't know, but we're approaching crunch time of the transfer market and we have no concrete objectives (that we know of). We really need to hurry things up Still hoping we'll make a final swoop for Ziyech for a loan + option. Chelsea don't want him, he doesn't want to be there. I think we're just waiting on them to cave. QUOTE (CrazyMilanFan @ Aug 18 2022, 09:58 AM) i think latest on midfield is some Onyedika kid. His stats looks good and price seem to be in region which we might be able to get We'll see, looks really raw from what I've seen. Was hoping for a more established player who could be an instant starter if needed QUOTE (X-Offender @ Aug 18 2022, 01:24 PM) This is great news. Elliott won't hold any minority shares in the club as it was first hypothesised, so they'll hold zero interest and zero power in decision making. RedBird will still owe them about 600m, so they might not still have a stake but they're still going to be involved as a financial partner according to what I read. We'll see. So far I'm really skeptical considering we've just p!ssed away a mercato where so many good players were available and we had a budget that was smaller than Lazio's (!!) QUOTE (Rossoneri7 @ Aug 19 2022, 03:29 AM) Milan seems set to keep Gabbia and with the return of Kjear, the defense is not a priority anymore.
A midfielder of a certain calibre would come in, with Bakayoko leaving the club. Always said that midfield should be the priority, but still think we need another reliable CB. Gabbia simply isn't good enough
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Aug 19 2022, 03:07 PM
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Prima Squadra
Group: Moderators
Posts: 39,627
Joined: 6-January 06
From: Malta
Member No.: 1,109
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QUOTE (X-Offender @ Aug 16 2022, 09:08 PM) Basically, whenever you want to sell a company, the two most important things that potential acquirers will look at are the quality of earnings, and how much debt you hold.
We currently hold no financial debt, so that is very, very positive. The quality of earnings is measured by EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit. It shows how much profit the company is generating solely based on its operations (and that is why elements like interest, tax etc. are not looked at). Operating profit is revenues minus operating expenses, which for a football club are primarily made up by football player wages. Hence, it's imperative to control salaries as much as possible, and consequently why we impose a salary cap and don't accomodate exaggerated demands like Donnarumma or Kessie's (Ibra is the sole exception).
Another matter that is investigated during a due diligence (the process of examining the financial statements of the acquiree) is to scrap from operating profit any extraordinary or non-recurring items of profit/expenditure. These could be the profit from the sale of any asset (such as a building, machinery etc.), or in the case of football clubs, the sale of football players. That is done in order to get a better understanding of an entity's predictable annual earnings. Hence, whether we had sold Donnarumma, Kessie etc. or not, for the primary objective of Elliott, which was to gain from the club's sale, it would have made zero difference. Sure, we would obtained hard cash in return, but perhaps the club felt that Donnarumma, Calhanoglu and Kessie's contribution to the cause (be it CL access or the Scudetto) was too important to let them go prematurely. And they probably also felt that they could have renewed their contracts given the circumstances.
There is definitely more to it, I am sure, but in a nutshell I think this pretty much explains our behaviour with relation to these renewals. This way, we've managed to keep salaries below our pre-imposed cap, and with increased revenues from new sponsorship deals etc. we've also improved our quality of earnings and become self-sustainable.
Now we'll have to see what RedBird will bring to the table. If they purchased the club to make it glorious again, then I expect a gradual increase in the salary cap and more contract renewals (along with some more spending during the calciomercato). Thanks for the break down, still a head scratcher for me as to why they wouldn't try to sell earlier since money is the main drive...
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Aug 19 2022, 09:57 PM
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The brightest sun is the purest gun
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Joined: 23-June 06
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QUOTE (han2503 @ Aug 19 2022, 03:06 PM) RedBird will still owe them about 600m, so they might not still have a stake but they're still going to be involved as a financial partner according to what I read. Financial partner is simply a stakeholder. Same as when you take a loan from a bank. They have no say when it comes to decision-making. QUOTE (han2503 @ Aug 19 2022, 03:07 PM) Thanks for the break down, still a head scratcher for me as to why they wouldn't try to sell earlier since money is the main drive... I think it's a mixture of factors and circumstances that made it very difficult overall. These players didn't have a huge demand. Dollarumma barely managed to strike a deal with P$G as a free agent cos every other major European club who could afford him were already settled with their GKs. Capanoglu also didn't have much appeal (otherwise he wouldn't have gone to Inter), and nobody gave two shits about Romagnoli. The only player we could have properly gained from in my opinion was Kessie, but around this time one year ago the guy came out saying how he would return from the olympics and fix everything. Don't know what happened afterwards. I know for a fact that Maldini had very bad relations with his agent Atangana, who perhaps got into Kessie's head and convinced him to leave for free. Agents can be sneaky vipers like that.
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Aug 20 2022, 12:37 PM
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Prima Squadra
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We'll see, I really hpe they sort out Leao's and Bennacer's contracts ASAP
Kalulu, Tonali, etc aren't that pressing atm, although we should take care of both during this season as well, especially Kalulu.
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