01 Feb 2018 20:35:19
Hi fellas AS I told you yesterday the Dendonker failure WAS NOT over the transfer price it was the cash deposit and stage payments that caused the collapse SOME of the fellas on here don't understand that this is the general way of doing things and is not unique to WH this is or has become the norm in transfer business RUBBISH said one poster sorry mate showing your lack of knowledge here both Talksport and the BBC have now cottoned onto this ALTHOUGH both have the figures wrong Anderlecht were demanding nearly 12 m up front WH never received that amount up front from the Ayew and Sakho transfers put Together IRONMIKE.

1.) 01 Feb 2018
01 Feb 2018 21:10:41
Thanks mike :) clarity is always good but understanding is even better! :)

2.) 01 Feb 2018
01 Feb 2018 21:18:33
Mike, we have followed your postings closely for the last several windows.

I think it was about 6 windows ago, that you told us that there was a strategy at Board level, to build a World Class Team to match the World Class Stadium.

We now look at the squad and can see that was all Hot Air. The Board is incapable of building a strong Team, they only know the power of the Pound. They treat the fans like fools and they think West Ham is worth £ 650m. I don't know Mike how you can continue working at West Ham and defending the Board in any way.

Big Sam was right when he said Deluded, however its not the fans who are, but the Board which is fully Deluded beyond comprehension.

3.) 01 Feb 2018
01 Feb 2018 21:27:39
Mike doesn’t work at West Ham.

4.) 01 Feb 2018
01 Feb 2018 23:07:24
I have to disagree with you there MIKE because if we haven't got £12 mill spare from PREMIERSHIP PAYMENTS AND WHAT THEY didn't SPEND LAST YEAR then I'd be totally astonished sometimes you have to put up or shut up. P. S I fully understand ourwage bill is high but that's there fault players from abroad likeDENDONKER AND CARVALHO are probably on £30,000 a week if that so come on Mike that's a fragile statement mate.

5.) 01 Feb 2018
01 Feb 2018 23:36:07
I get the staged payments surely that normal for most clubs now surely? Does anyone know what hugill monthly wage will set us back?

6.) 02 Feb 2018
02 Feb 2018 08:15:48
Thank you ironmike for the information on structural payments always good to learn the ins and outs.

Touching on what Gkg66 mentioned, could we have not paid the £12m up front if we really wanted the player, OK I understand it may not be the norm and we didn't receive that amount upfront from the 2 striker sales, but why couldn't we have balanced the books further down the line, as in if you pay the £12m upfront than structural payments would be less and its a case of balancing later, or is it more complex than just that?

7.) 02 Feb 2018
02 Feb 2018 08:53:51
SO "Anderlecht were demanding nearly 12 m up front WH who never received that amount up front from the Ayew and Sakho transfers put Together"? And your telling me that we couldn't afford what they were asking and had to have sales before we were able to manage it? Is that correct because if so where has all the money gone!?

8.) 02 Feb 2018
02 Feb 2018 09:56:32
because if it was staged payments then maybe hammers only got 6 mill up front then staged over a few years?

9.) 02 Feb 2018
02 Feb 2018 10:22:24
noel17. so basically what you are saying is WH have not got £6m surplus money? if they received £6m up front for Sakho and Ayew.

What with the money coming in from the TV, the revenue from tickets and merchandise sales, the money never spent as promised in previous transfers and the sale of Sakho and Ayew we can not muster £12m upfront? . I find that very hard to believe for the 17th richest club in the world

If they wanted him that badly the money would have been made available, IMO they once again giving BS as they always do.

{Ed002's Note - You all really need to avoid discussing money - it is causing a lot of confusion and everything I see is incorrect.}

10.) 02 Feb 2018
02 Feb 2018 10:48:40
Hi Ed002

Any chance you may be able to enlighten us? once and for all, obviously as normal fans we get promised big transfers that never materialise so we find it difficult to understand why upfront payments can not be met on the rare occasion if they really want the player.

{Ed002's Note - I really don't want to get in to the finances as it causes a great deal of confusion. But in simple terms the cash flow of the club is not based on a series of separate pots but the overall income and how it is and can be allocated - there are payments to be made for the running of the club, wages, policing, stadium costs, lights, etc. so some clubs may be deemed "rich" (or better "be worth more if the tangible assets and good will were converted to cash") but it does not mean they have a giant suitcase full of cash behind the sofa. And fans forget that payments made for players by other clubs are far less than the values of the transfer fees - so if a fee of £10M is agreed and paid in full West Ham will typically get about £7M or £8M out of it.}

11.) 02 Feb 2018
02 Feb 2018 11:22:08
Thanks for that Ed002 it was muchly appreciated. Obviously without getting into a war of words the fans are, as I am, confused about this whole payments business. I don't understand why clubs want to pay £5m now and another £11m in the summer. What happened to just agreeing a value and paying the full amount up front, done and dusted and keeping a good balance of the books without having to budget for future costs during the summer? Am not being dim deliberately I just don't understand why payments staged when clubs surely must have the cash available :-)

{Ed002's Note - Many clubs don't have the cash available because they have other commitments (e.g. payments due for players purchased last season). I appreciate you are not being deliberately dim.}

12.) 02 Feb 2018
02 Feb 2018 12:06:35
Thanks ED002 greatly appreciated :~0.

{Ed002's Note - You are welcome Phil.}

13.) 02 Feb 2018
02 Feb 2018 12:46:22
Thank you ed 002.

14.) 02 Feb 2018
02 Feb 2018 12:51:50
Sorry to be a pain Ed002, one last question on this matter than Ill keep stum

How is the TV money and sponsor money paid into any club?

Is it paid in a lump of 1 sum or staged over the season?

Im just wondering if I can pop into the Westham shop in Romford and buy some merchandise and ask to pay in stages! :)

Thanks in advance Ed002 for taking the time to explain. much appreicated.

{Ed002's Note - There is an advance payment at the start of the season and the balance at the end when the final figures are known for the TV monies. Sponsorship money depends on the individual contracts.}

15.) 02 Feb 2018
02 Feb 2018 16:11:01
So Ed002 - if I can ask a silly question, if the board have not had a net spend in this window (and appear to have balanced the books on wage bill) does this mean they could have paid off some of the money owed for player purchases last year and be in a better position this summer?
Cannot see us being relegated with star players coming back but would be nice to look forward to a decent summer spend.

{Ed002's Note - It is not really how the finances work Glen. The "net spend" football fans often quote is really a bit of a red herring. For the purposes of accounting costs are partitioned, but for the purposes of cash flow it is simply other income or outgoings and the club can either keep it or spend it how they wish. So if there is a surplus after all transfers of £10M that goes in to the club coffers with the other income (match day, commercial sponsorship, winnings from PL, TV etc. etc.) and out of that the staff are paid, the stadium is paid for, the police are paid, national insurance, player insurance, etc. etc.). Clubs need to be financially responsible and meet FFP regulations for transfer spending and for player wages - which are now becoming an issue for a number of clubs with two further PL being warned that they will be asked to explain how they are going to resolve a wage issue that they have. I would still maintain the major issue at WHU is the need for a Director of Football or Sporting Director to come in - and someone strong enough to remove the board from the player purchase decisions.}

16.) 02 Feb 2018
02 Feb 2018 19:38:08
Absolutely bang on ed002. We've been screaming about a director of football but it would gave to be someone strong with character twitchy would be ok lol.

{Ed002's Note - You mean Torchy? https://www.youtube.com/watch?v=wujTB-nDe-M

17.) 03 Feb 2018
03 Feb 2018 20:12:37
One question without sitting on the fence ED and MIKE if we didn't have the money to buy top players why try and sign them they think we are totally braindead, let's go for a twenty mill pound player and offer 4-6mill up front they have to get one thing straightthe world doesn't revolve around the TROTTERS there sort of ego doesn't belong at WEST HAM they lack class and dignity.