Transfer fees - undisclosed

The usual undisclosed typically appears when the club does business but I thought it might be interesting to look back on previous accounts to provide an insight in to what the club receives/spends and how that may be split.

The accounts for the year ending May 2020 show three outgoing players with total fees of £8.2m. Based on the total and press reports I’ve tried to estimate each deal.

1 Ethan Pinnock to Brentford £3.2m
2 Liam Lindsay to Stoke £2.25m
3 Kieffer Moore to Wigan £2.75m

I might be a little bit off on the exact for each individual but they are close to press reports and, overall, add up to the total receipts. I think we’ve discussed the fees for sales on here before but where this gets interesting is the incoming fees paid.

In the year there were 12 incoming players and a total of £6.32m. I’ve had a guess at what was paid, again based on media and brining the total in to line. I then put in brackets an estimate of what they may be worth now. This purely for interest and means very little!
1 Luke Thomas from Derby £1m (£0m)
2 Mike Bahre from Hannover £0.1m - (released)
3 Bambo Diaby from Lokeren £0.5m - (contract cancelled)
4 Aappo Halme from Leeds £0.5m - (£0m)
5 Malik Wilks from Leeds £0.9m - (sold £0.9m)
6 Mads Andersen from Horsens £0.9m (£3m)
7 Toby Sibbick from Wimbledon £0.45m (£0.2m)
8 Connor Chaplin from Coventry £0.7m (sold £0.75m)
9 Clark Odour from Leeds £0.3m (£0m)
10 Michael Sollbauer from Wolfsberger £0.2 (sold £0.2m)
11 Marcel Ritzmaier from Wolfsberger £0.1(free)
12 Patrick Schmidt from Admira Wacker £0.7m (£0.2m)

So of the twelve signings, four are at the club, only one playing regularly, two are out on loan, three sold and three released.

As things stand the players sold have recouped the transfer fees paid for them and the hope of getting back the remaining costs really hang on Mads Andersen being at least a £4m defender. Mads contract expires 2023.

 

Good summary mate. May I just add that we got fined circa £1 Million for the Malik Wilks transfer, so there's another minus

 

I know what you mean but it was Angus McDonald so I excluded that debacle.

 

Don't thinks Mads is a 4 million pound player.
Maybe half that at best.
As your post points out, it's all about the recruitment. Ours as been at best.. hit and miss.

Ed.. mediocre and miss..

 

Of course it was!! My memory is fading..... lol

 

Who fined us for that? Oh, should have read all the thread!

 

Are the accounts accrual or cash basis? I was wondering if transfer instalments were attributed to the accounting year in which we paid/received them.

 

The accounts show both.

 

Given that this is at the heart of our owners strategy, this isn't good is it? Particularly given that Pinnock and Lindsay were signed before they arrived. Admittedly the signings of Collins, Helik, Brittain and Morris in particular, all of which were made during their tenure might improve the figures but even then...........

 

More evidence, if it were needed, that they're just not very good at running a football club.

 

@Loko the Tyke The point I was making was that of the £6.3m spent, so far £1.85m has been recovered in sales, with the exception of Mads the rest are pretty worthless. Unless Mads is sold for £4m plus then they are losing money on transfer dealings.

Transfer activity to deliver a profit to run the club is a central part of how the owners claim they will take the club forward. The evidence so far does not seem to support that. In the same year (19/20) Championship teams in aggregate delivered profit of £261m on transfer activity or an average of £11m a club. Admittedly this was dominated by five clubs responsible for broadly half these profits.

 

Do we have evidence yet of what effect Covid had on our finances. ?
Was it last set or will it be in the next set of accounts.

i am sure i am not imagining it and i watched/listened to at least 2 football directors (not premiership large crowds)
And they said they were infact better off financially playing behind closed doors.

Also didn't the Crynes say they had forsaken there wages and they and the council hadn't took any rent from the club through the covid crisis

 

@Loko the Tyke This is where the philosophy of how the owners run the club will determine transfer dealings. We seem to be at one extreme, every player bought in is below a specific age with the intention of making a profit on each and every player.

Other clubs do a combination of this with some players being brought in later in their careers for the benefit of the playing side with the acceptance that this may not deliver value in the transfer market but will impact on field success and possibly divisional retention.

You would expect a team adopting our approach to have positive success in the transfer market as a result of the philosophy and approach adopted. So far that hasn’t played out, the successes have come from players signed previous to the new regime.

Maybe there’s success to be had from Collins, Styles, Helik and Morris. Time will tell.

 

I don't recall any of the "we need a hairy arsed striker" posters suggesting that we needed someone slow and cumbersome Loko. When using that phrase I believe most were describing physical strength and power - qualities both Dike and Morris have. Consequently I don't understand the 'what we fans think the club need/want is rarely what we actually need' comment - in this instance I think the majority of fans got it spot on, the two of them were a vital piece of the jigsaw and played a major part in our success last season.

 

Fair enough bud, I'd forgotten Chris Martin's name came up tbh. Maybe I'm assuming everyone thought the same thing as me