Hi Long Time, where do you get £40m from? Don't forget the accounts that were published end March were for the year to 30-June-2019. So, we've had 27 games since then - and Sky/BT will get some money back even if the 2019-20 season is completed and we play all 38 games.Long Time Lurker wrote: ↑Thu May 21, 2020 4:19 pmBrady
I like Brady and I was gutted when he got injured just as things were falling into place for him. The fact that we have extended his contract is very different from him signing a new contract that runs for more than a year.
It will put us in the same position next year that we are currently facing with Hendrick. Namely, the prospect of losing him on a free transfer. We did exactly the same thing with Westwood, but he has voiced a clear desire to sign a new contract in recent days, which was music to my ears.
I think Brady could still be a good player for us, but if Hendrick doesn't sign a new deal then I would be happy to see us sell him when / if the transfer window opens. The dangerous thing that we are doing with these one year extensions is storing up problems for next year. Problems that I don't think we will have anywhere near enough money to solve.
Player Contracts
Out Of Contract In 2020 - With No Extension Option
Legzdins, Bardsley, Lennon, Hendrick and Koiki ( If I remember correctly ).
Out Of Contract In 2020 - With Extension Option
Hart, Dunne and O'Neill.
Out of Contract In 2021 - With No Extension Option
Brady, Lowton, Westwood, Gudmundsson, Long and Cork.
Recent Accounts
Our current transfer pot is about £40m
Taking out the carry over transfer money from the lucrative sale of Keane and Gray, we made an operational loss of 2m in the last set of accounts. In relation to our recent transfer business the money we have been paying out has exceeded the money we have earned from transfers.
We spent £22m over the course of the last three windows and managed to bring in £12m. In the season prior to that we spent £30m and brought in £7m. So it is highly likely that we will post a deficit on our player trading account next year instead of a surplus, because payments are usually made over a number of years.
Add that to an ongoing operational loss, along with the Corona cost, and a good chunk of that £40m will evaporate. If we bring in replacements this season that will lower what we have to spend next year even more. We could easily find ourselves in a position that requires us to replace six players with nowhere near enough money to do it.
That will require us to sell off some of our crown jewels to fund the major squad overhaul that we seem to be moving towards. If it comes to that the other clubs will look at our accounts, make the obvious deduction and bend us over a barrel. With all the talk about stretching our budget I don't think we have realised that the elastic in our trousers is in very poor shape. It won't take much to snap it, causing our pants to fall down which will expose our bare arse to the world.
Covid-19 has changed the economics of Premier League - and all other leagues. It is inevitable that this economic downturn will also result in reductions in player wages - not, that major clubs will default on contracts, just that new deals will be at lower numbers. The same will be true of transfer fees, maybe even more so, because club owners should have learnt to be more cautious with the forecasts of future revenues.
We've extended Robbie Brady's contract. That's good. It could equally be so we can sell him, if and when the transfer window opens - and we've held on to the players that we really want to hold on to.