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11 months agoI love Norway doing \-/
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Joined 11 months ago
Cake day: October 12th, 2023
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Ohh yeah, sorry. I am at work and saw wages pop up in some comments, and replied as per that. But I do agree, loans are taken to pay for transfer fees. It’s standard for every major transfer irrespective of the club.
Ohh yeah, sorry. I am at work and saw wages pop up in some comments, and replied as per that. But I do agree, loans are taken to pay for transfer fees. It’s standard for every major transfer irrespective of the club.
This is true. What my point was no loan has ever been taken to pay wages. As far as I am aware. I would be open to stand corrected with valid sources though.
Ohh yeah, sorry. I am at work and saw wages pop up in some comments, and replied as per that. But I do agree, loans are taken to pay for transfer fees. It’s standard for every major transfer irrespective of the club.
Ohh yeah, sorry. I am at work and saw wages pop up in some comments, and replied as per that. But I do agree, loans are taken to pay for transfer fees. It’s standard for every major transfer irrespective of the club.
This is true. What my point was no loan has ever been taken to pay wages. As far as I am aware. I would be open to stand corrected with valid sources though.
I mean, ignore my flair for a bit, but that’s how loans usually work. 10% interest on 10k loan is 1k profit. 2% interest on 100k loan is 2k profit.
That is just doing simple calculation without factoring in duration of loans.
Also, RM and Barca(till recently) have been able to pay all those loans easily (except in some situations), and again they still pay whatever they make. There’s no State/Billionaire pumping 10-20 mil in bogus sponsorship to bail them out(again, until recently).
What you’re alternative is let RM make 100mil a year but they can only pay 30mil to their staff/players combined. What would they use 70mil for ? To pay dividends? Which they do btw. But I would rather see those pushed to employees (players/staff) than going into board’s pocket.
And the result of this is that we can afford to offer thise wages, even taking loans, which btw, we took for renovation of Bernabeu.
I cannot think of one example where we took loan to pay wages as suggested.
Yes.