Assume you were our manager or DOF. Assume that the sale of Freeman for around £5.5m pretty much secured compliance with P&S rules (formerly called FFP), but you found there was no room for new investments in players. Assume you were of the opinion we desperately needed 2-3 strikers and ideally at least one more wide player, if not two. What would you do: Hold on to all your players and go for free-bees or loans or see if you could raise necessary transfer funds by selling players in position where we are better covered?
I think this is the situation Warburton, Les and Hoos have been facing. They were hoping bids came in for Luongo (just one year left of the contract and high earner) or Leinstner (does not fit Warburtons possession based style of play). I think no bids were forthcoming for any of the two players and there were no signals anything would happen before the transfer deadline. In this situation WBA popped up and put in a bid of £1.5m for Furlong out of the blue. The club probably valued him a bit higher, but decided to go for it in fear of other opportunities disappearing and countered with a bid of £2.5m and struck a deal somewhere in between.
A transfer fee of £2m or thereabout allows us to spend £5m+ on new players if we sign them on long contracts. The reason is the way P&S works. The transfer fees we pay are not taken as costs in the year of the investment but amortized over the length of the players contract periods. A player bought for £3m now will only incur costs for S&P purposes of £1m the first year if he signs a three year contract. This way the club can turn the £2m or thereabout from Furlong into a much larger transfer budget to go towards the players we have to get on board to have a chance of securing survival this coming season. Without a transfer and salary budget we cannot secure proper strikers and wide players.
I see someone calls the sale of Furlong a joke. We could probably have got a bit more in an ideal situation, but I think this was a sensible decision, given the situation we are in. I think I am pretty sure I would have done the same if I was Warburton; not at least if I knew I could get hold of one of Chelsea's talented young right backs on loan as a direct replacement for Furlong. I think many of the comments expressed through message boards and social media are disrespectful to the club, unless those making the comments think it is much better to hold onto Furlong than to secure a couple of decent strikers.
Saying no to the offer for Furlong could have left us with no budget for striker and wide players and that would be irresponsible in my mind.
I think this is the situation Warburton, Les and Hoos have been facing. They were hoping bids came in for Luongo (just one year left of the contract and high earner) or Leinstner (does not fit Warburtons possession based style of play). I think no bids were forthcoming for any of the two players and there were no signals anything would happen before the transfer deadline. In this situation WBA popped up and put in a bid of £1.5m for Furlong out of the blue. The club probably valued him a bit higher, but decided to go for it in fear of other opportunities disappearing and countered with a bid of £2.5m and struck a deal somewhere in between.
A transfer fee of £2m or thereabout allows us to spend £5m+ on new players if we sign them on long contracts. The reason is the way P&S works. The transfer fees we pay are not taken as costs in the year of the investment but amortized over the length of the players contract periods. A player bought for £3m now will only incur costs for S&P purposes of £1m the first year if he signs a three year contract. This way the club can turn the £2m or thereabout from Furlong into a much larger transfer budget to go towards the players we have to get on board to have a chance of securing survival this coming season. Without a transfer and salary budget we cannot secure proper strikers and wide players.
I see someone calls the sale of Furlong a joke. We could probably have got a bit more in an ideal situation, but I think this was a sensible decision, given the situation we are in. I think I am pretty sure I would have done the same if I was Warburton; not at least if I knew I could get hold of one of Chelsea's talented young right backs on loan as a direct replacement for Furlong. I think many of the comments expressed through message boards and social media are disrespectful to the club, unless those making the comments think it is much better to hold onto Furlong than to secure a couple of decent strikers.
Saying no to the offer for Furlong could have left us with no budget for striker and wide players and that would be irresponsible in my mind.
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