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Jobe Bellingham - Signed


What is the reaction of the Birmingham fans I wonder?

Obviously we all think (know) we’re a bigger and better club than Brum but from their point of view they’ve sold him to a rival club in the same division.
 
Kent Boy 2 said:
It’s called asset amortisation. Buy an asset and its value reduces by a certain amount each year. For a footballer it’s based on the length of the contract. So buy a footballer for £10m on a 2 year contract, put him on £1m a season, and you lose £6m on your P&L each year. Buy the same footballer for the same transfer fee and on the same wage, but put him on a 10 year contract, and you only lose £2m on your P&L each year - so you have £4m extra to spend.

In the first example the overall cost is £12m, spread over 2 years. In the second example the overall cost is £20m spread over 10 years.

This is why Chelsea are getting away with spending crazy sums of money - they are putting their players on ridiculously long contracts.
Click to expand...

Chelsea have ruined it though. There's talk of 5 year amortisation being the maximum now
 
homeless kid said:
What is the reaction of the Birmingham fans I wonder?

Obviously we all think (know) we’re a bigger and better club than Brum but from their point of view they’ve sold him to a rival club in the same division.
Click to expand...
Judging by the forum and some stuff on Twitter, quite pleased they got 3m for him. By all accounts if his name was Smith, they wouldn’t get anywhere near that amount. Time will tell like.
 
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