 Welch yn y toffi tfobol, rwy'n i amgylchedd ar dda'r busosedd문er John Blane. Gyda'r Jessie Markle, byddwn gath y brakewch gyda'r Scotland Casitug Cardiwyr, gofal yn y bwysig i'ch gwasanaeth, yr hyn o'r tîm a'r fathion. Pwysig i'r gwasanaeth, rydych yn allu'r lleidio. butterfono ar escWhere General No. 9. Pwysig i'ch eich bwrdd ei wneud. John, gofal eitd ddraenol gyda'r pwysig ddraenol a'r Ty stimulus flyn i'r Simon. Amy Martin, 1878, bywys Scouts Submariner, 1878, ac ydych chi'n gwybod, yw'n gwneud. Beth, mae'n gwybod ychydig o'r gwaith yng Nghymru, ond mae'n gwybod y cwmhiliadau am gyntaf, o'r cyffredin gyda'r cyd-fosig, ac mae'n gwybod ychydig o'r cyflwydoedd o'r club. Aber, Amy, mae'n gwybod ychydig o'r cyffredin. Mae'n gwybod. Mae'n gwybod, mae'n gwybod. Mae'n gwybod, mae'n gwybod, mae'n gwybod. Paul is wyw hynny, mae'n gwybod yna. Mae'n gweithio gwaith, mae mae'n gwybod. Mae'n gwybod yne. Mae'n gwybod, mae'n gwybod yna, dwi'n gwybod yng Nghymru a phrydyn nid y yng nghymru. O'r cyffredin gyntaf, mae'n gwybod o'r club eich lleidol y siarad, a'n gwybod eich lleidol y fydd ar y clywed. Yn gweithio, mae'n gwybod eich llwpio bellach i gyna gaeliffus. Mae'n gwybod eich llwyddiad. Felly yn ymdweud, gallwn y ddechrau. Rydym wedi cyllid ysgol yw'r cyfrifes o'r blaenau. Felly, rydw i'r blaenau o'r blaenau, dwi'n credu i gael yn genioes. Mae'n gwneud ei ddweud wedi amser. Mae'n gwneud ymddangos eich ddweud. Mae'n gwneud eich ddweud i'r blaenau. Mae'n gwneud eich ddweud i'r blaenau. Yn amser, yma, mae'n gwneud y cyfrifes o'r blaenau. Mae'n gwneud eich ddweud. Ymddangos eich ddweud, gyda ni gondol Dadol hefyd i'w cwyl o'r rhan o'r réch oeddo'i, rwy'n mynd blaen yma oherwydd roedd y gwasan o hystod o'r reisio, byddwch yn ei wneud pen yn ei tynfa. Mae'n rhan o'r ffordd hyneg. Yn i'r reisio methu Rai'r Farlasyn, yw'r reisio bethau mewn Llyfr, a gallwn i'n gwybod a ar compose I'r gwaith, i wneud y gwasanaeth y gwasanaeth yw i ddweud byddwn ni'n gweithio'n gwneud am fathbeth. Mae'r ddau'r ddau'r bartholonau yn ymgareddol, oherwydd yn hynny ddim 85 miliwn ymddiol, oherwydd yw'r cyfeirio'r cyflwyno. Yn y cwestiynau, yw'r cyflwyno'r ddau'r cyflwyno. A mae'n gwybod ei gwybod ei gwybod ei gwybod yn ymddiol, ond mae'r cyflwyno'r cyflwyno'r cyflwyno'r cyflwyno'r cyflwyno'r cyflwyno'r cyflwyno'r cyflwyno. Oherwydd, felly, y troi hefyd, Bridgehaithlorson was in the last six months of his contract, it wouldn't be offered 85 million more money. Can't mouth on. Lle. Becoz, in six months time he'll go for nothing. And we've just seen that with players, haven't we? You were just seeing Ericsson going off to Italy... That sort of thing. So, along with the contract, the greater negotiating position we have in theory. And the reason I say in theory is, because of a player decides he wants to go, it's almost like commonly accepted rather, Mae'n gael i chi'n meddwl ar y rŵn. Mae'n meddwl, mae'n gweithio. Mae'n meddwl i'r cyflasio? Mae'n meddwl. Mae'n ffordd y gwasanaeth i chi ddod i chi'n meddwl ychydig? Mae'n meddwl, mae'n meddwl. Mae'n meddwl i chi ddod i chi gyd yn gyffredinol yng nghymru. A Gwylwch Gwyslfyddau, mae'n meddwl i chi'n meddwl i chi ddimentol oherwydd mae'n meddwl sydd wedi cael ei gweithio. Mae'n meddwl i chi ddim yn mynd yn ddefnyddio, I twielwyd a ddim yn cyfnod i'n gwneud. Rwy'n gallwn gweld ar y cyfrifroedd rombolol, a dwi'n ddweud. Rwy'n ddull i chi. Ond mae'r ymdyn nhw'n ni. Rwy'n gweithio'r ddiddordeb. Rwy'n gweithio'r cyfrifroedd sy'n ei ddweud? Rwy'n gweithio'r cyfrifroedd sy'n ei ddweud? Rwy'n gweithio. Rwy'n gweithio'r cyfrifroedd sy'n eu ddweud, rydyn ni'n ddweud o'r cyfrifroedd. I'd say if I'm the guy you work for, well you're in breach of contract then, so I'm not paying you. Not only I'm not paying you for breach of contract, I'm withholding your registration. It's the registration that has value, if you're a Romelu, Romelu Cass. Barri Lukaku. Barri Lukaku, that sounds better doesn't it? It does yet. Barri Lukaku goes mean oh happy and do as you're told then. Get on with it. Get on with it. But to a degree, but clubs struggle to do that don't they? Because sometimes you know it's off the spot your face. It's easier to do with a younger player who you've got on a long term contract and perhaps isn't earning huge money because clearly if a Romelu Lukaku or a player of that standard is earning over £100,000 a week and you stop paying him you pretty quickly can end up in the high court because big amounts of money are involved. So they're always trying to reconcile these things a bit more sensibly and like most people listening I guess if a player doesn't want to play for you, sell them. But sell them for the maximum you think you can get. I think what's the aim might be, let's say Guilfee Sigarton. For argument's sake, Everton paid £45 million to Swansea City Forum. He's in and out the Everton side. At the moment he's injured isn't he? Back now isn't he's fit, he'll be in the squad at the weekend. But in general he was in and out, he'd lost his place but stopped backing through. So he's a player who Everton have got on the books. I think a lot of people wouldn't be that bothered if Everton got rid of him. But Everton are never going to get £45 million for Guilfee Sigarton. Ey, his contract has reduced by nearly three years, he's been here this summer isn't he? So he's got a couple, two and a half years left. Two and a half years left. But how much is that? Because what would happen is clubs would have a worth of Guilfee Sigarton and I think fans would look and go well we pay £45 million for them so if we sell them for £30 million we've lost £15 million on them. Is that how you look at it or do you look and go well? What we're doing is we're saving two and a half years of £120,000 a week. So that's how much is contract worth. How would you look at it from a business aspect? Perhaps that's really where the question is coming from. So let's do it two ways around first. One is the value of the contract is how much we pay the guy. So we oversimplify it. We're paying £100 grand a week here and it's £5 million a year. He's got two and a half years left. We owe him £12.5 million in salary. So let's pretend it's one of those silly things where the player, so we'd better not talk about one by name, but a player for whatever reason isn't going to play for us again. But he's not in breach of contract. He's training hard, he's doing all the things he should do. He's enthusiastic, hey we've got players like this, whom on the ass has won. So in broad brush terms he might not really play unless it's a last resort. So let's say you've got a player who's halfway through a five year contract of £100 grand a week then we've got a negative against him as far as we're concerned that we owe the guy £12.5 million and he's going to get it at the rate of about £100 grand a week say £5 million a year. But we've also bought him for a chunk of money. So if we say to keep it simple again he cost us £25 million, oh do you owe £50 million? So he cost us £50 million then we've handed over the cash or we've got a payment schedule for Swansea if we're using Guilfee. That says we've got to pay you in the end a total of £50 million and then the way you do that in accounting terms is you can pay the £50 million but you don't want to take that to your profit and loss in a given year because you really would die a death on financial fair play then. You do what's called amatise it over the term of his agreement. So that'll be £10 million a year. And that's like depreciation, same sort of thing, same principle. So now what we say was well actually what Guilfee costs us if we're talking about Guilfee is the £10 million per year of depreciation or amatisation of his contract, his registration plus the £5 million a year of his wages. So £15 million a year each year for five years he cost us £75 million. If you then if you're talking about this mythical player who's halfway through but he's never going to play again and the plans are saying sell him, get rid you know sort of thing. So we find a buyer, hurrah! We know we're going to save the £12.5 million because he's not going to be here. So that's good. The downside of course is let's pretend he's so bad or he's whatever we're going to let him go for free. Then we can no longer amatise the remaining amount of money from the original contract. So we have to take that at a profit and loss in the year that he goes. And in our little example it's two and a half years at £10 million a year isn't it? So it's £25 million. So we logically lose £25 million on him that year. Now clearly what we might do if this was a player and it's interesting because you can play tunes around financial years because we've aligned our financial year the way we've aligned it now fortunately transfer window is still open so we may choose to sell him on the first of July so that the hit of £25 million occurs in the next financial year which is also the first year that in your mind's eye you're saving the salary but you're still going to take a hit of £25 minus £12.5 million. So we'd have minus £12.5 million. So if you're talking about a player and it might be this guy called Guilfee Sigarton you might argue that if you did what I just said as long as you're sold him for more than £12.5 million you wouldn't take a negative hit on the profit and loss but you would obviously prefer a positive one. And actually we played some tunes on the boundaries of the financial years in the last transfer window where we sought to buy players in one financial year having sold others and another or vice versa that sort of thing. The accountants do this for you. And so the old adagy thing of don't do it on Thursday do it on Friday. Why? Because that's the last day of one year and that's the first day of another year. Will come in. I mean that's an interest on why you're looking at it because someone like say it's Guilfee Sigarton, Ffraggin, say it was £50 million and wasn't but you know it would have had to go some for it to be 50 but it was whatever for it. Just for the point. Let's pretend it was. Next to the sums is it. Right. And we get to the sum and... This sum are you mean? Get to the sum and I don't know. Barely I've just got loads of money because they've sold to our country and gone. We like Guilfee Sigarton and we want to pay him. We want to pay you £20 million because that's what we think he's worth to us. Instead of people looking at it going £50 million and you're selling them for 20 we've lost 30. You can't look at it like that. You have to look at it and go. We've had to play it for three years. It's cost 30. It's like basically you've loaned them for three years for 10 million per year. I think that's how we have to look at it. But do it a different way. Go on then. Sorry that's right. And this is why you have clever guys with fancy spreadsheets, whether it's Grant Ingalls or whoever does it at Everton. Clearly because you crystallise and this is only in the profit and loss because cash counts as well. Because the cash has gone whenever it went. If you paid the 50 million up front you've already spent the cash. It's just how you're showing the profit and loss. Therefore when you're selling for 20 million on the P&L you're broke even because you've got two years left but you've just been given 20 million quid but you've got the cash. So that's good to us. The flip of this of course is and this is why I all get interested and if you think Marcel Brand says he's done like 70 deals and he's been in the area of football you're trying to balance all this and legislation like bloody financial or regulation, whatever you want to call it is so those spaniards come along and they say we'll have that guy and we're setting on enough money. So let's say the offer is 100 million quid. Forget the cash for now. So we're selling. So the profit and loss benefits to the tune of 100 million pounds because you've sold it. But we probably want a replacement, don't we? So let's say we buy a replacement for 200 million. Assuming we've got the cash. Then the profit and loss and we signed that guy on a five-year contract. So in the fiscal year that we sell him and buy the 200 million pound player what's the impact on the profit and loss? 100 million. Income 100. Ambatise cost of 200 over five years 140. 140, yeah. 100 minus 40. 60. Plus 60 and we've got a double player. But you've got a liability now which is the liability. And you're all going to take that hit every year. But if you're playing tunes around financial fair play and all those sorts of things that's the sort of thing you might do. And it's perhaps the law needs to play out is how can PSG spend 200 million on Neymar maybe because they always had a plan to sell them again. And a chap used to say to me an actual class, when was it? Got 10 or 15 years ago and he just had a dream of he wanted an Aston Martin. So he bought an Aston Martin Vantage and his view was, okay it's 100 grand car but you're only funding the depreciation. So if you buy an Aston Martin for 100,000 pounds and you keep it for two years and sell it for 80 and that's the way it will play out and so I think some clubs play games aggressive games not quite what the leaders standard back in the day whereby they might say just that. Well not so much they made objective business decisions which say we will acquire an asset which I hopefully appreciate and value or depreciate slowly or always has some resale value and maybe that is a plays registration like a name or or a catino or whatever and if it works for you because you win the champions league because of him you're getting a big pot of money. And then you sell him on again and actually it's only the difference between the two plus his salary of course which costs you. I suppose from our perspective it's magnetised because we've spent money on plays it just doesn't work because we've sold him out. Sandro Ramirez was a relatively low outgoing in terms of what we had to buy him for but his wages were high and you're trying to balance that and I think people are looking and going we bought him and that didn't work and we bought him and that didn't work and we bought him and that didn't work and he'll be buying good players because clearly Richard Charles and we paid we didn't pay anyone near what the papers reported but you're bringing us some good examples about when Paul's doing his blog stuff which we often reference in the podcast What's the podcast called John? Everton Business Matters It's like that without the S Copy right there because Paul would keep a mega spreadsheety stuff and we've spent time over the years trying to explain to people because you get into net spend and all those silly phrases which EBM doesn't like but it's not just the real drag to a degree is wages it's why the most successful clubs in the league are not necessarily those who spend most on transfer fees as the ones who have the highest wages unless you just throw money down the drain because typically the better players want to be paid the better amount of money but you call out a few examples there Ramirez is a good example he'll lay off against Balasi so let's say we sign Balasi on a particular day for 25 million quid and we pay him 100 grand a week as you know the people doing the quick mental arithmetic it cost us 10 million a year we get Ramirez for nothing from a transfer fee perspective but he wants 200 grand a week he also cost us 10 million quid a year so both those players cost us the same and for whatever reason they both turn out to be duds so we send Balasi out on loan and some club pays all his wages for us but it's still costing us 5 million a year because we're still depreciating the money we paid for him Ramirez goes out on loan and someone only pays half his wages and he's costing us the same so how the numbers are made up are different but the outcome is the same we're still costing us 5 million a year for that guy 5 million a year for that guy so in some ways it's why getting players through Bosnia free transfers is lower risk because clearly you don't take a hit if you sell them and then when you amatise there's not to amatise therefore if you get rid of him as long as he goes and someone will pay his wages you don't have that crystallising of the thing and it's why when you have a player like Balasi and classins a good one to look at because we're basically endeavoured to break even on that and that the original question was what's the value of a contract and we're sort of dancing around the fact that it becomes a problem not just a contract but the other contract which is the commitment to spend the money in the first place there are very few deals even Man United with this guy from sporting they'll let you up to 70 million quid or something they're paying for but only 40 up front and maybe the 40 up front is the fixed guaranteed amount so in their books if he's on a 5 year deal on this 40 million quid they're going to depreciate him at 8 million a year aren't they if he turns out he can't cope in the Premier League well if they sell him back they're going to want to sell him back for at least the un spent part of the depreciation otherwise you have a negative impact on the profit and loss so it's why sometimes why the hell's Balasi every year going out on loan because we don't want to crystallise that money and no one's prepared presumably to pay the amount which will allow us to break it even they're on big money aren't they the transfer deadline is tomorrow tomorrow at 11 o'clock Jim White is going to be talking about Brexit instead well posh because you can't talk about the transfer exactly right he'll probably get marking over it to front it up need a whiteboard to do this people will be looking and Evan are very unlikely to bring anyone in really very few clubs are going to be Marcel Brands is trying to get plays out we've seen Anthony Evans leave the club permanently for Paderborn and that'll be a few grand off the way pennies and pounds Cucamarty and that there's a really good possibility he'll leave the club as well as contracts up anyway in the summer so much like when Ashley Williams left a couple of years ago it was done and Kevin Morales and the contracts running down anyway he may as well go Everton are quite close in terms of fff paying Premier League rules with wages the thing that we're getting at when we say there's no real real room in the wage bill at the moment to bring in a player and let's be honest it's for 13 games that's all that Evan have got left because he's not going to play clearly if we brought someone in tonight tomorrow he's probably not going to play on Saturday so there'll be 13 games left is it worth paying someone 2 million quid in wages for 13 games of football if you're not your now so what will be the difference in the summer is what I'm driving at in terms of that manoeuvre and with the wages because we've seen a lot of people people that you know Carlo Anciolotti's kind of hinted at Marcel Brand at the ADM the other week hinted we'll do all that business in the summer because that's when the world's different places so that'll be the financial crossover again won't it in terms of the year the financial years you mean the year will end at the end of June so that'll free us up and give us a bit more room we'll move from one year of the 3 year cycle to the next one you know but the real issue is all the money we've spent in the last financial year that ends this June will all be in the cycle so that's where you get to the 105 million all those numbers right but if we just remember it it's a total cost of ownership really because when financial we use that clearly we've got the Premier League and World of Sustainability and all those good things and they've changed the limit on what you can use broadcast money for so the wages thing isn't as onerous as it was and all that sort of stuff but fundamentally if you're only allowed it's a horrible way to say it isn't it you're only allowed to lose a certain amount of money in a 3 year cycle and our football club has said we're not compromised by it now clearly when we had the general meeting we saw the accounts and that sort of stuff we were in quotes and it was allowed and people will forecast what it's going to be next time and so on and it has the potential to be tighter so we have to have players going out and we probably can't afford to crystallise un-depreciated amatisation and those sorts of things so we're probably going to find those mistakes whether it's a Balasi or a Cucamartina or whoever else is buried in the books because I don't carry it around in my head is we'd rather them just cost us nothing just let the depreciation fall away but the flip of that of course is that when they're fully depreciated we come well within the rules and therefore whatever so what the club should not should that implies they might not be what they will be doing is going our hour we know that registration is fully depreciated in that year therefore we've got that much to play with therefore we signed this guy on 3 years but if we signed this guy 5 years we're definitely alright but eventually you'll have there'll be a period of 3 years won't there where anyone we've bought from a year ago to a year on the other side of it are going to be in it because every year you sign players for 5 years there's going to be a 3 year period where there's a lot of players in it and they have to forecast that and so people will say we're not going to stay within these rules unless we sell somebody or we get a big slug of income that compensates for some of these activities unfortunately you know through the sponsorship of the prospective new stadium of Bramley Moor that's given us more headroom so to finish it it makes more sense really for us anyway to do our business in the summer anyway it's always better most professionals would say it's not panic buying isn't it but it's emergency buying in January you know your goalies broke or whatever or the player you wanted is available because you will have some players playing for certain clubs I suppose they wouldn't sell while they were still in the Champions League and they're out of it now and there have been some really very good players who've changed clubs in January there's only a small list though but it does have a full list if only there are exceptions that prove the rule but if it's the player you want and he's available in January you get him when you count because you wait until someone else gets him I think what's going to make this summer a bit more awkward is there's a major competition going on and therefore some players wages as well but some players transfer fees maybe inflator because they have a great euros or something a striker who gets the golden bloody boot thing for the euros his clubs can ask for more money isn't it so the other thing which is interesting is we've seen more and more examples of well we'll have that player on loan and in two years we'll buy him and that's just because they're putting off the impact for things like FFP and the like so it all needs to be creative and it doesn't really well actually if you work smarter it might give you a competitive advantage but they're all doing it so this market in January will be not very helpful for Sky because they ramp it up and it's almost gone hasn't it there'll be no doubt Sky tomorrow will be talking like crazy hoping pretending something's going to happen which is outrageous but the club our club what do we need and who we need when you turn it into targets are they available in January probably not and I suppose the question becomes and this really is the end now I suppose the question becomes and you have to step away from it almost as a fan because you're emotionally involved and you always want players you always want to feel like you're improving but the reality is like I said before 13 games or wait for the one you really want in the summer like you've just said if the one you really want available now and I'm sure if Carlo Ancelotti or Marcel Brands are witnessing central midfield player Adrian Rabio who's at Juventus great player we can have him Juventus are happy to sell him he's going to be in our team for the next three years I'm sure everyone would have gone right out of the dude this deal and done it there's no point panic buying and you've got to look and go listen we'll take another three months and then we'll get the player we really want because we've seen too much of this grabbing we've got Jeng Towson who's actually going home to Palace arrived in January, he's gone in January he's done okay but I think most of the Tomings would replace him with something better it's about value isn't it do you think you've had good value from that player and I think on World Cup for me emphatic no Towson emphatic no and we got them in January 50 million quid whatever it was so it's better sometimes to just hang fire isn't it suppose if it was like this centre forward we'll get in the Champions League let's pay the money that's a different question and then shall we gamble to get to that thing but as opposed forever and it's a case of if you talk it because I did say panic an emergency is a good reason an emergency is a good reason to do it in January which is second only to it's the player you want anyway panic is the worst reason but we may have got to panic wasn't scoring goals and Mason wasn't doing business in defence and we were five points worse off than we are now then we may have done something then we may have thought we have to do something you're seeing it with West Ham aren't we they're trying to grab any more because sometimes it changes as good as you know and all that but we've got a little bit of comfort and we can keep the was it 1 defeating 9 or something if we turn that to 1 defeating 15 then we did the right thing if we lose the last three games in a row we'll be fans out we should have bought somebody Calvitlu and stop score you can see it all people just emotional and Mr Brands and Mr Ancelotti and the people who give them the money are paid not to panic not to make emotional decisions we have a plan the old scuba dive thing and therefore we clearly have some interest because if we don't have any interest at all we could have said weeks and weeks and weeks hey guys we're not buying anyone because the manager's comfortable with what he's got and because we've got a new manager there'll be a lifting performance the longer he's the manager for and that will deliver more value as you rightly say than spending a shedload of money on a guy for 10 or 15 games and also gives the manager a real chance to assess the squad very clever of previous management to get out of the cups because that might have get out the cups and get out of the club because that might have caused us to panic if we were in the fifth round and we think we need somebody there you go big thanks to Jamie for his question big thanks to John for explaining it if I did I feel like I understand it more and I think sometimes as a fan you are totally absorbed by things like Sky because you look just to see who's buying who and Sky have done when we done the live yesterday Sky have been brilliant at creating this hype that you have to buy in this debt you've got to buy on Deadline Day and we often said like last summer we done a Deadline Day live for 6 or 7 hours loads of people were on going mad and fortunately it will be coming and they can the few people but we were saying we've got to play because they're always back this week but Moise Keane had signed 3 days earlier everyone was made up but if Moise Keane were to sign on Deadline Day there being fireworks in the street and everything and it's just because Sky hyped that one day where the best clubs have a plan don't they and go well have you you and you and we're done and we need to get away from yellow today that's what I'm saying big thanks to Jamie make sure you give the video a thumbs up subscribe if you haven't joined us on Patreon if you want more great videos put your comments in the comments section below are you calm with Everton not signing and you want to get a bit clearer on what you're saying does it give you a bit more balance for you or do you just think no still think we should be buying players because some fans will no issue with that big thanks for watching see you later