Jay rod

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mill hill claret
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Jay rod

Post by mill hill claret » Wed Oct 28, 2020 11:05 am

Clubs twitter feed just put a random picture up of him smiling ...could he be about to sign a new contract ..

randomclaret2
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Re: Jay rod

Post by randomclaret2 » Wed Oct 28, 2020 11:09 am

Another of our over 30s signing a long term contract ?
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Chester Perry
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Re: Jay rod

Post by Chester Perry » Wed Oct 28, 2020 11:11 am

mill hill claret wrote:
Wed Oct 28, 2020 11:05 am
Clubs twitter feed just put a random picture up of him smiling ...could he be about to sign a new contract ..
The take up of the 1 year extension on his contract will save the club around £2 to £2.2m m in the current season's accounts as the remaining £5m Amortisation on him is split of 2 years rather than the single season it is now

Edited to adjust for the proportion of the accounting year remaining on a new deal

The only players left in the squad where such deals can have a £1m + positive effect on the accounts are Chris Wood (who signed an extension last year), Matej Vydra, Ben Gibson, Josh Brownhill, Jack Cork and Robbie Brady.
Last edited by Chester Perry on Wed Oct 28, 2020 11:24 am, edited 1 time in total.

Sheedyclaret
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Re: Jay rod

Post by Sheedyclaret » Wed Oct 28, 2020 11:21 am

Good news hopefully..he's been very good for us since he returned.

Spijed
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Re: Jay rod

Post by Spijed » Wed Oct 28, 2020 11:23 am

#likeanewsigning ;)

FactualFrank
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Re: Jay rod

Post by FactualFrank » Wed Oct 28, 2020 11:25 am

I thought he started off slow when he came back to us and I wasn't convinced. But he's shown what he's worth, for sure.

RVclaret
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Re: Jay rod

Post by RVclaret » Wed Oct 28, 2020 11:32 am

Needs to start ahead of Barnes.
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ElectroClaret
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Re: Jay rod

Post by ElectroClaret » Wed Oct 28, 2020 11:38 am

Since he returned, he's showed that he can still cut it with a few good goals, including that brilliant strike at Old Trafford.
We may need his goal input more than ever this season.

And yes, if AB doesn't step up to the plate, he should be in.

Grumps
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Re: Jay rod

Post by Grumps » Wed Oct 28, 2020 11:39 am

Could it just have been a photo?

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Re: Jay rod

Post by cricketfieldclarets » Wed Oct 28, 2020 11:43 am

Chester Perry wrote:
Wed Oct 28, 2020 11:11 am
The take up of the 1 year extension on his contract will save the club around £2 to £2.2m m in the current season's accounts as the remaining £5m Amortisation on him is split of 2 years rather than the single season it is now

Edited to adjust for the proportion of the accounting year remaining on a new deal

The only players left in the squad where such deals can have a £1m + positive effect on the accounts are Chris Wood (who signed an extension last year), Matej Vydra, Ben Gibson, Josh Brownhill, Jack Cork and Robbie Brady.
Isn’t accounting crazy. I read something about stoke recently making more money off loaning our failed players than they would by selling them because of how it’s accounted for.

ClaretTony
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Re: Jay rod

Post by ClaretTony » Wed Oct 28, 2020 11:47 am

Grumps wrote:
Wed Oct 28, 2020 11:39 am
Could it just have been a photo?
I would think so. They did something similar recently (was it Dwight?) but it was followed up very quickly with the news of his new deal. I'd suspect we are talking to Jay Rod but I'm not convinced the pic is relevant. I'm usually wrong so I should probably get something written.

Claret Till I Die
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Re: Jay rod

Post by Claret Till I Die » Wed Oct 28, 2020 11:47 am

cricketfieldclarets wrote:
Wed Oct 28, 2020 11:43 am
Isn’t accounting crazy. I read something about stoke recently making more money off loaning our failed players than they would by selling them because of how it’s accounted for.
I know we use them as a feeder club but should they really be paid for loaning our players.... ;) :twisted:

Granny WeatherWax
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Re: Jay rod

Post by Granny WeatherWax » Wed Oct 28, 2020 11:48 am

cricketfieldclarets wrote:
Wed Oct 28, 2020 11:43 am
Isn’t accounting crazy. I read something about stoke recently making more money off loaning our failed players than they would by selling them because of how it’s accounted for.
in the J Rod example it doesn't make one bit of difference to cash balances though (if you put to one side us having to replace him if he left), just how its reported in the annual accounts.

cricketfieldclarets
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Re: Jay rod

Post by cricketfieldclarets » Wed Oct 28, 2020 11:50 am

Claret Till I Die wrote:
Wed Oct 28, 2020 11:47 am
I know we use them as a feeder club but should they really be paid for loaning our players.... ;) :twisted:
Moaning out. :-)

cricketfieldclarets
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Re: Jay rod

Post by cricketfieldclarets » Wed Oct 28, 2020 11:50 am

cricketfieldclarets wrote:
Wed Oct 28, 2020 11:50 am
Moaning out. :-)
These aren’t Freudian slips.

LOANING OUT.

cricketfieldclarets
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Re: Jay rod

Post by cricketfieldclarets » Wed Oct 28, 2020 11:54 am

Granny WeatherWax wrote:
Wed Oct 28, 2020 11:48 am
in the J Rod example it doesn't make one bit of difference to cash balances though (if you put to one side us having to replace him if he left), just how its reported in the annual accounts.
I know just interesting how certain things can make the books look better

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Re: Jay rod

Post by Steve-Harpers-perm » Wed Oct 28, 2020 12:11 pm

randomclaret2 wrote:
Wed Oct 28, 2020 11:09 am
Another of our over 30s signing a long term contract ?
Yeh be much better letting one of our best footballers go when his deal ends.
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Chester Perry
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Re: Jay rod

Post by Chester Perry » Wed Oct 28, 2020 12:13 pm

cricketfieldclarets wrote:
Wed Oct 28, 2020 11:43 am
Isn’t accounting crazy. I read something about stoke recently making more money off loaning our failed players than they would by selling them because of how it’s accounted for.
If we used the Derby County approach - our amortisation would be very low as rather than use a straight line depreciation they use a market value for the player - which while below the purchase price paid is still much higher than the approach used by everyone else in England. Basically it allows them greater leeway with FFP but means they have to sell a player when he approaches his final year and will not extend his contract - a very risky approach if the player takes the Bosman path

The EFL recently failed in getting them to change this practice
Last edited by Chester Perry on Wed Oct 28, 2020 12:15 pm, edited 1 time in total.

BurnleyFC
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Re: Jay rod

Post by BurnleyFC » Wed Oct 28, 2020 12:14 pm

This is good news. He’s been excellent since he returned.

cricketfieldclarets
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Re: Jay rod

Post by cricketfieldclarets » Wed Oct 28, 2020 12:21 pm

Chester Perry wrote:
Wed Oct 28, 2020 12:13 pm
If we used the Derby County approach - our amortisation would be very low as rather than use a straight line depreciation they use a market value for the player - which while below the purchase price paid is still much higher than the approach used by everyone else in England. Basically it allows them greater leeway with FFP but means they have to sell a player when he approaches his final year and will not extend his contract - a very risky approach if the player takes the Bosman path

The EFL recently failed in getting them to change this practice
Yes stoke were doing something similar I think. Based on market value and depreciation etc.

Belgianclaret
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Re: Jay rod

Post by Belgianclaret » Wed Oct 28, 2020 1:35 pm

Great player, we desperately need him

Chester Perry
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Re: Jay rod

Post by Chester Perry » Wed Oct 28, 2020 2:17 pm

dibraidio - It is just less amortisation in the accounts for this year that is all - no extra real cash but an extra £2m+ on the bottom line for this season -

Given we started the season with an amortisation expectation of well over £40m, extending contracts would not only keep Sean Dyche happy but improve the balance sheet.

Some clubs would use it to help with FFP and/or to bring other players in - our club doesn't play those games, but is does like to make a book profit - which if nothing else keeps HMRC happy as we are one of the biggest payers in corporation tax in British football in recent years - some would find that poor management others would call it good citizenry - take your pick

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Re: Jay rod

Post by jojomk1 » Wed Oct 28, 2020 2:27 pm

RVclaret wrote:
Wed Oct 28, 2020 11:32 am
Needs to start ahead of Barnes.
Plenty of "likes" for that post

Pity it didn't include one from S Dyche 8-)

Woodleyclaret
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Re: Jay rod

Post by Woodleyclaret » Wed Oct 28, 2020 2:29 pm

We need a proactive manager!Sean still struggles with his use of subs
Jay should have been on at half time

Wellsy1882
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Re: Jay rod

Post by Wellsy1882 » Wed Oct 28, 2020 3:39 pm

Id keep him for another 4

Im_not_Robbie_Blake
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Re: Jay rod

Post by Im_not_Robbie_Blake » Wed Oct 28, 2020 3:47 pm

"Amortisation" (3rd post) - had to look that one up on tinternet!

In case you, like me, hadn't a clue but want to know, it's

the action or process of gradually writing off the initial cost of an asset.
"due to the amortization of initial costs, the risks of negative working capital are mitigated"
the action or process of reducing or paying off a debt with regular payments.
"because of amortization, you’ll own your home by the end of the loan term"
a period in which a debt is reduced or paid off by regular payments.
"75% of the mortgages have an amortization of 25 years or less"

So there!

NewClaret
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Re: Jay rod

Post by NewClaret » Wed Oct 28, 2020 3:53 pm

Bit odd that they’ve released that 5hours ago and no news?

Bosscat
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Re: Jay rod

Post by Bosscat » Wed Oct 28, 2020 4:58 pm

Wellsy1882 wrote:
Wed Oct 28, 2020 3:39 pm
Id keep him for another 4
Me too Wellsy .... top lad is our Jay Rod👍

IanMcL
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Re: Jay rod

Post by IanMcL » Thu Oct 29, 2020 1:28 pm

Im_not_Robbie_Blake wrote:
Wed Oct 28, 2020 3:47 pm
"Amortisation" (3rd post) - had to look that one up on tinternet!

In case you, like me, hadn't a clue but want to know, it's

the action or process of gradually writing off the initial cost of an asset.
"due to the amortization of initial costs, the risks of negative working capital are mitigated"
the action or process of reducing or paying off a debt with regular payments.
"because of amortization, you’ll own your home by the end of the loan term"
a period in which a debt is reduced or paid off by regular payments.
"75% of the mortgages have an amortization of 25 years or less"

So there!
I don't think the board can extend JRods career quite that long!

kentonclaret
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Re: Jay rod

Post by kentonclaret » Thu Oct 29, 2020 3:19 pm

Perhaps there are not many people at the football club walking around these days with a smile on their faces so, when they found Jay Rod smiling, they decided to put it on Twitter.

As you would :P :P

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