Does amortisation just mean reducing the value of an asset to zero over a fixed period. Or is it more complicated than that. I'm discussing it on a football forum thing.
Cheers
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Does amortisation just mean reducing the value of an asset to zero over a fixed period. Or is it more complicated than that. I'm discussing it on a football forum thing.
Cheers
depends on the circumstances Mr Fudgley. It's generally a yearly charge made on a companies P&L sheet to make any vtangable/intangable liability or debt to the value of sweet FA over time.
In real terms, think mortgage. Pay it off bit by bit. Eventually house is yours, no debt.
If i was cynical, i'd say thats what Ken Bates did at Leeds United.
NB I am a business analyst/consultant, not a financial analyst/accountant.
( i checked on google, i am sort of right)
Specifically footballers, Celtic have been doing it for a number of years and as I understand it we're done now. Part of the reason for the good profits last year if I understand correctly.
I was discussing it with a Villa supporter and it appears to me they have been doing the same thing.
I suppose the markets don't really like players being assets, too much risk of them becoming worth zilch with a bad injury.
Ah yes, but clubs generally receive high payouts for quality injured players. Yes, the clubs pay a lot to insure the quality players, but imagine how difficult to value each individual player insurance rates, when performances, injuries, transfers etc change weekly/daily etc. They are generally overvalued in this case, mainly due to hype, publicity, a lucky couple of weeks.
I believe most lower divisions have a pretty set rate for insuring players, which would increase obviously if a player bagged 50 goals in a season, as for that club to loose such an asset, would be a bigger blow than to loose the 3rd choice keeper.
Don't see players like Beckham/Ronaldo/Andy Booth as players, more as brands with hard to define intangable assets (great skills leading to more public interest) which in turn leads to revenue generated through shirt sales, advertising for the player and club, sponsorships, which are both tangable and intangable.
Look what happened to Italian league, the bubble burst a while back. The cost to maintain the assets (players/stadiums etc) became too large for the revenues they were bringing in.
As for the long term payoff you mentioned, it has pros and cons i believe. Cons, yes, if said player doesnt perform as club expected, this has negative effect on results/shirt sales/advertising, which you could say is a loss to the clun. If he breaks his spine and never plays again, club is usally well covered.
Pros, say you buy a player for 10 million over 10 years, barring/dependant on interest clauses, is 1 million a year. To say you got a bargain for buying a player for 10 million right now is fair enough, as that one million in 10 years will PROBABLY be worth a lt less than it is now. Think inflation. If he doesn't perform, sell him and try to recoup money. A loss may be made here, but thats football. But think of the hard to value things like advertsing, media coverage that that player brought to the club. Add that to shirt sales, the gol he scored to win thw A cup.
Football, particularly transfers, is always a gamble. SOme might say luck, but look at who Man U have bought, huge young names, although seemingly pricey, SHOULD bring in a hell of a lot more revenue soley and by their team contribution over the period of their contract. If they are injured, go back to the insurance part.
It's 138am here, i'm a little drunk and ranting shite. Forgive me, i knw what i mean, and thats all that matters.
So why would a club like Celtic do it. There must be some business reason. Or have you already explained it and I'm too non-accountanty to understand.
Tell you what, I'll get pished and read it again. That sounds the wisest way.
playing for a player over time? I'm no financial/accounting person. But, i'd say that the mathematics before such a player is bought to a club is prety intense. CLubs can no longer throw around figures willy nilly. They need to assure shareholders/board members that the player is a sound investment.
I'd say, for example Celtic, either have cash flow problems or, a very good long term plan and require revenue for other masterplans. Celtc is business 1st. I used leeds as an exact opposite example. They went silly, spent money they never had in a hope that they got lucky and won the major tournaments....they nearly did. Look where they are now.
Celtic has a decent setup, with good value in the team they have. They may splash the cash occasionally for a 50 goal a year striker, as that player SHOULD improve the teams performance/stadium attendances/shirt sales/cup and title chances. Not a dead-cert, but a better chance than me or u.
Look at Beckham, he played shite, Madrid didnt want him. LA buy him soley for media purposes. He played well again, Madrid dont want to let him go, as his value, not only as a player, but as a marketable asset to improve status amongst the media scrum etc.
It's all about the tangable and the intgable, and having a sound judgement on valuing it correctly. Martin O'Neill was a genius of that. Fergie is. Wenger not bad. Mourhinio, definitely not.
Not paying for a player over time, no. They had the players listed as assets of the business and over a number of years removed them by this process of amortisation. They no longer form part of the assets.
Celtic have a fantastic financial set-up now. I think bringing Peter Lawwell in was an excellent move.
Pished now, didn't help.
I never understood how asking someone who was good at getting under low poles was going to help in the first place.
Just read it sober....it makes no sense to me. Beer and business chat never works.Quote:
Originally Posted by Mr JP Fugley
I'm guessing that Celtic have a very good "player rating model", differing for playres in different stages of their career. They expect to gain so much from each player during the period of the players employment. They spend 10 million, they calculate how much that player will bring in. Maybe they break-even, or they gain more, which is a bonus.
Then, the player is sold or offered a new contract depending on how well they perform. If they keep a player for 10 years, the likelyhood of him being of great value after 10 years is low, though there are some exceptions. But, over that period the player has "paid" back the value the club paid for him.
That seems to make more sense. I think. But i'm not sure i fthe above is true, just my taking on it.
Celtic always get quality managers with good player judgement. The board needs a good manager who will spend the budget in a way that fits their model. O'Neill, fabulous. I dont know the guy you mentioned, i cant get much Scottish footie here.
Much as I'd like to agree we always get good managers it's really not true. In recent years we have, yup, but not that long ago:
http://tbn0.google.com/images?q=tbn:...nes_fifpro.jpg
http://tbn0.google.com/images?q=tbn:...oach_brady.jpg
http://tbn0.google.com/images?q=tbn:...ity/macari.jpg
I think what we have done now is brought in businessmen to run the club and football men to run the team. That seems to have paid off (pun intended) both financially and on the park. I know the one follows the other btw.
I don't even know who won the league this season or last.Quote:
Originally Posted by Mr JP Fugley
Yeah, the point is having good business men, who hire a quality managr who will spend wisely.
BTW....the last pic. I never would have thought Alan Titmarsh would be into football.:D
That's not Alan Titchmarsh it's mbacuri. He was once a leading light in Scottish football. Before the unfortunate incident with the ball, boy.
Oh and Liverpool won the EPL this season and last. That's them 5 in a row now. Or were you referring to the J League.
Liverpool/Scots. All speak things i cant comprehend.
See you Jimmy, loike, ya fighting?
As Scotland is going to be an independent coutry, soon, i'm hoping Wales will go that way soon. And take Liverpool with it.
j league?
Top Liverpool accent, I've never seen it written so accurately.Quote:
Originally Posted by jimbo12345
Oh and Wales will never go for independence. Too many Wenglish living there.
thanks. Thats cos i went to public boarding school.
Which one.
Clevedon House Independent, Ilkley.
Went bankrupt the year after i left. Seriously.
Some fucking educators they are!
hi manker.
hahahahahahahaha. Dont bother me no more. JPF sorted me out there. If people dont like it, there the ones that can go jump.
Tho' to be fair they did provide a top rate education, immediately prior to going out of business.Quote:
Originally Posted by jimbo12345
What is it you said you were, a business analyst or somesuch.
Must have been a top polytechnic you attended. Would you be so good as to identify which one. I have children who, with the help and grace of God, will one day have to make choices in that arena.
Indeed, treat that cunt with the disdain he deserves. Him and those like him.Quote:
Originally Posted by jimbo12345
Quote:
Originally Posted by Mr JP FugleyTho' to be fair they did provide a top rate education, immediately prior to going out of business.Quote:
Originally Posted by jimbo12345
What is it you said you were, a business analyst or somesuch.
Must have been a top polytechnic you attended. Would you be so good as to identify which one. I have children who, with the help and grace of God, will one day have to make choices in that arena.
I got a English/sport scolarship to the school, the fees were around 3500 pounds a term, which my dear mother couldnt afford.Quote:
Originally Posted by Mr JP FugleyTho' to be fair they did provide a top rate education, immediately prior to going out of business.Quote:
Originally Posted by jimbo12345
What is it you said you were, a business analyst or somesuch.
Must have been a top polytechnic you attended. Would you be so good as to identify which one. I have children who, with the help and grace of God, will one day have to make choices in that arena.
Well, i got into one of the better colleges, Greenhead College in Huddersfield. I attended for 3 months, and couldnt stand it. Too much like high school, and felt my education-of-life was more important. So i quit.
Went to Huddersfield New College, went there for a month, got into a relationship, we fell out, i was hated by most of the females there, decided it was best to leave.
Went to Huddersfield Technical college, studied business, psychology, sociology and computer sciences. Again, due to female issues, i dropped out, 2 months before my exams.
Went into the working world. Joined AutoTrader. I met a guy called John madjeski, he loved me and told my boss to make sure i get on. Started at a data entry person, within 6 months i was BD manager for Yorkshire. a year later my regional office won the national sales team of the year against some huge companies. I like to think i played a part in that.
I did a part time degree at Uni of Leeds business school. I worked 9-530 and went to uni 6pm-10pm. I completed my degree this year. You may remember i asked for a fake degree a long time ago on here. That was because i had an op on my shoulder, and couldnt sit my exam, so got put onto the resit list. But, during that time, i was in China and they needed a degree for my visa.
Lesson from all that is, as much as educations important, i think companies look for more than that. Plus,when my mates did their degree in 4/5 years and had debts up to 25000, i had a degree, 2 years work experience, and no debts. Companies gave me respect for how i did my degree, as it was tiring. Who's the idiot?!?
Laugh as you will, my career was supposed to be a pro rugby player. I used to play on the Huddersfield Giants academy, i represented Yorkshire, north England in rugby union and was doing well. Then smashed my collar bone and dislocated my shoulder in one tackle. Goodbye rugby career!
i was also the youngest person to own abar license in UK for a short while (16) You had to be 18. my family owned bars, my mum got ill, due to licensing laws, someone needed the license. Due to my experience, the police recommended i get it in short term til mother was better, like aYTS scheme.
I opened an Italian restaurant there in 1998, it sold out for millenium booking by Xmas of he same year.
Plus, as you can tell, i have a slight mental illness to battle with.
Lesson is: following the expected path that all others do is ok. But, want to fly, look for other ways. I'm 25,lived all over the world, and have it all ahead of me.
For your kid JPF, dont see the "best" school as the best. Though i'd recommend the LVS school in Ascot, Berkshire. They have a 6th form, and its one hell of a school.
But,i'm 25, what would i know!
God, i love writing about me.
She already goes to the best school available to us. It's more what she does when she leaves I'm thinking about. Tho' that is a good bit away. When I say best, that's both academically and in other ways. She absolutely loves it there. They do so much more than just book larnin'. No scholarship unfortunately, but what are you going to do.
I have to agree with you that just automatically leaving school and going to University because it's the done thing is not necessarily the best way for everyone. My two eldest (boys) both left school with more than enough qualifications to go to University or College, neither chose to do so. Tho' they may go back later. My younger brother did that, he was in his early twenties when he went back and did his degree.
The eldest is just about to move out, next week or so, lease on a flat all set up. He also quite fancies going to Japan for a year or so. The company he is with has Offices there so he may do that. However he has recently met a lass he is quite taken by so who knows.
Oh and I think it's Madejski.
Tomato/Tomato. He lost my respect when he started banging Cilla Black.Quote:
Originally Posted by Mr JP Fugley
My humble advice isone of two things. One, let them do what they want to do. Let them fook up etc. And let them fix stuff (unless they really fooked it).
Best thing i did was travel. I went to Tanzania for a while, Vancouver, Europe and found home in China.
I would suggest an Asian language also. French/Spanish is pretty useless IMHO. This place is gonna rule the world very shortly. And theres a lot of cash here.
As patriotic and in love with England as i am, the place is on a downward slope, and slipping fast. If we get fully into the EU constitution, we're totally fooked. i remember working at the trader with people with doctorates, MBA's etc, and they were on the callcentre.
Yeah but "Tomato" and "Tomato" is the same word written twice. It's not a punctuation thing, it's spelling.
Unless of course you are a high profile American, on television. Then it would probably be "Tomatoe".
What kind of a mental are you btw. Are you dangerous at all, or is it one of these depression type things. There's a few other mentals here already.
Toemayto. Tomarrrrto.Quote:
Originally Posted by Mr JP Fugley
me,i was told i was bipolar. Now, i'm told i have "anxiety mood" due to "a lack of unconditional love" in my early life. Gay,hey!
No matter, i still rock the world. And, i like to see this as proof that i'm not perfect. Despite what others may think.
We're all mentalists in someway. many hide it, but,sod it, i am still me.
No, i'm not dangerous, only to the ladies with my cunnilingus collosus.
Thing is, you speak highly of your Mam (well it comes across that way), perhaps that's over-compensating tho'.Quote:
Originally Posted by jimbo12345me,i was told i was bipolar. Now, i'm told i have "anxiety mood" due to "a lack of unconditional love" in my early life. Gay,hey!Quote:
Originally Posted by Mr JP Fugley
Bet it's a vitamin thing. My wee Uncle (God rest his soul) turned into a bit of an arse with mood swings and stuff. Never violent or anything, just changeable. They eventually diagnosed that he needed vitamin supplements and wasn't really a mental after all. Took them, back to being the great wee chap he had previously been
Science is weird. One of my chum's weans couldn't hear properly and they were going to do stuff to her ears. He got one of these diet specialist doohicky chaps to check things out. Turned out it was blue food dyes, stopped them, hearing went back to normal.
You can send some hair (roots attached) to them and they can tell you what's missing from your diet, or what you need to avoid.
True stories.
Ah, i havent seen or spoken to my mother for 9 years now. Long story.Quote:
Originally Posted by Mr JP FugleyThing is, you speak highly of your Mam (well it comes across that way), perhaps that's over-compensating tho'.Quote:
Originally Posted by jimbo12345
Bet it's a vitamin thing. My wee Uncle (God rest his soul) turned into a bit of an arse with mood swings and stuff. Never violent or anything, just changeable. They eventually diagnosed that he needed vitamin supplements and wasn't really a mental after all. Took them, back to being the great wee chap he had previously been
Science is weird. One of my chum's weans couldn't hear properly and they were going to do stuff to her ears. He got one of these diet specialist doohicky chaps to check things out. Turned out it was blue food dyes, stopped them, hearing went back to normal.
You can send some hair (roots attached) to them and they can tell you what's missing from your diet, or what you need to avoid.
True stories.
My therapist said very similar. Once i lived in a beautiful place, played a lot of sports, ate well, was happy in life. Things went tits up, hit drugs and feeling sorry for myself.
The therapist never talks about my past, like i say, shit happens, it cant hurt me now. We do breathing exercises, i get out more (though job ties me tomy office too much...thats why im on here so often), sort out my diet, laugh at shite.
Now, my spanish beau. The diet she has has taken over my kebab and Stella lifestyle. We go hiking alot around BJ, i \'ve started playing rugby. Just cigarettes being my Kryptonite right now.
I have my down days, but dont we all. Life's way too short to for all the worry. Survive, then thrive.
and my bro, whos just recently come back into my life, has lived in China/South Korea for 10 years orso. He does TaiChi, einstein factoring, meditation and all heaps of "alternative" bullshit. He got himself off a nasty heroin addiction solely through meditation 6 years ago. Now he's a rich, happy guy, lovely kid and wife, and life's simplicities shine.
Quote:
Originally Posted by Mr JP FugleyThing is, you speak highly of your Mam (well it comes across that way), perhaps that's over-compensating tho'.Quote:
Originally Posted by jimbo12345
Bet it's a vitamin thing. My wee Uncle (God rest his soul) turned into a bit of an arse with mood swings and stuff. Never violent or anything, just changeable. They eventually diagnosed that he needed vitamin supplements and wasn't really a mental after all. Took them, back to being the great wee chap he had previously been
Science is weird. One of my chum's weans couldn't hear properly and they were going to do stuff to her ears. He got one of these diet specialist doohicky chaps to check things out. Turned out it was blue food dyes, stopped them, hearing went back to normal.
You can send some hair (roots attached) to them and they can tell you what's missing from your diet, or what you need to avoid.
True stories.
Round about the time you took over the licence for the pub, was it something to do with that. Was there some sort of tension between you two, that's an awkward time for a young lad. Is that why you left and opened the restaurant.Quote:
Originally Posted by jimbo12345Ah, i havent seen or spoken to my mother for 9 years now. Long story.Quote:
Originally Posted by Mr JP Fugley
Aye, though her illness meant she was a danger to one and all. Traumatic times! During that, she also had a disease that destroyd her thyroid gland, and she couldnt get out of bed, mood swings etc. Also a long term alcoholic.Quote:
Originally Posted by Mr JP FugleyRound about the time you took over the licence for the pub, was it something to do with that. Was there some sort of tension between you two, that's an awkward time for a young lad. Is that why you left and opened the restaurant.Quote:
Originally Posted by jimbo12345
I sent her to Oz to chill out with some friends she had there. Thus, i take over the bar restaurant. restaurant was going bankrupt, i knew it would bring the bar down. An Italian in my hometown had just been bought by Fabrikant and Firkin pub chain, i said they could take over my restaurant, rent free until it established. CVhanged decor, advertised, it took off over night. I was still at school at this time, though i dropped out a few mnths b4 the end. Very very sad, as i was a grade A student. But, my mum was my mum.
Mum returned, her b/f at the time stole the pub/bar and a house we owned through a scam i still dont get. My nan had just died in the middle of this, and being the only family member still around, this was all my inheritance, as my grandparents had financed the place originally. Over a million in property alone. GUTTED!
And that, out of all my life problems, has been the least traumatic.
But, i stand tall Mr JP. Knock me down, i'll bounce back twice as hard. Like pulling boxers down when you have a hard on. Boiiing!
That's a lot for a 16 year old to go thro', no wonder you became a mental. You should spend that time learning things like the location of the clitoris and how best to manipulate it's mighty powers.
I suppose it would have taught you how to look after yourself tho'. That's possibly what drove you to do the degrees and stuff and pay your own way thro' it. Without being left with a huge debt.
Quote:
Originally Posted by Sextent
Thanks for your kind words. Now jump off a fucking high place. Hows that for looking after myself, you irrelevant shite. Someone tell me where that ignore button is.
That's a bit harsh.
cunt.