Topic: The Men in Suits behind the scenes

[TheYashLFC]

Those articles just goes to show how clueless journalists are.

Sometimes, because of modern technology and twitter fame, these journalists think that are far more knowledgeable than regular fans. Having a ton of followers gives them a sense of importance. But at the end of the day they just report news and do interviews.

[rscanderlech]

Last season, if there were still anything preventing this squad from being one of great Europe's historic teams, they were/are:

- Lack of LB cover: we sign Tsimikas, who seems perfect for the job.
- Lack of a 'maestro' in midfield: we sign the best there is.
- Lack of forward depth: we sign Minamino, who was not ready in January, but is now. We apparently are also signing Jota. That's two additions.
- Relative lack of 'generational' players (we do have Van Dijk, but no Gerrard/Xavi/Iniesta/Neymar/Messi/Ronaldo).

We have fixed the first three, it seems. Now we just need Mbappe in 2021. Come on Edwards.*

*My point being that I think the only way we could improve further after this is by getting one or two hyper genius types.

[Samie]

From James Pearce. This is Mikey Edwards negotiating skills. 

Key to getting the deal done was Wolves’ willingness to be flexible on payment terms. They have accepted less than 10% of the guaranteed figure in the next 12 months. Most of that offset by initial payment from Wolves for Hoever. #LFC

[Barneylfc∗]

The way this guy works has me convinced we're signing Mbappe next year and PSG will pay us for it.

[rscanderlech]

From James Pearce. This is Mikey Edwards negotiating skills. 

Haha

[Magz50]

Get in Mikey boy!! Signed on the Jota line!

[Welshred]

Wish I'd taken him to negotiate the terms on my new car today...

[Kekule]

From James Pearce. This is Mikey Edwards negotiating skills. 

Who was it yesterday who said that Michael Edwards ought to be locked up? 

[Samie]

Jonathan Northcroft, he's a journo from The Times. 

[Ratboy3G]

I'd hate to play poker against Edwards

[CraigDS]

I'd hate to play poker against Edwards

You’d not even get to the game of poker before you realised you’d signed over your house, wife and first born.

[newterp]

I'd hate to play poker against Edwards

We’d all love to play against Klopp though! Haha. That man can’t hide anything.

[Scarlet`]

Edwards is the Messiah! What the heck is he? Not human?

[CraigDS]

Edwards is the Messiah! What the heck is he? Not human?

He’s not the Messiah, he’s a very naughty boy good negotiator.

[Gus 1855]

Our squad really is looking very healthy now. Naturally I’m sure we’d like to trim it a little and free up funds from the likes of Wilson, Grujic etc, but aside possibly from a centre back, we look the complete squad and realistically capable of fighting for all trophies.

The selection for Lincoln will be interesting.

[Eeyore]

Wish I'd taken him to negotiate the terms on my new car today...

He may have talked you out of buying the German car you really wanted and convinced you to buy a potentially inferior car for around the same amount of money. It would be a brilliant deal though because you only have to pay 10% of the cost upfront.

The question would be in a years time when you have to cough up the other 90% would you be kicking yourself for not buying the prestige German car.

I think the same is true of pulling out of a deal for Werner at £45m and then stumping up £41m potentially rising to £45m for Jota. We will only know whether it was a good idea in the fullness of time.

[JasonF]

He may have talked you out of buying the German car you really wanted and convinced you to buy a potentially inferior car for around the same amount of money. It would be a brilliant deal though because you only have to pay 10% of the cost upfront.

The question would be in a years time when you have to cough up the other 90% would you be kicking yourself for not buying the prestige German car.

I think the same is true of pulling out of a deal for Werner at £45m and then stumping up £41m potentially rising to £45m for Jota. We will only know whether it was a good idea in the fullness of time.

Didn't Werner get an €11m signing on fee + €15.5m a year? I very much doubt Jota is getting even a third of that so it's not a very good analogy.

[Vinay]

Am I the only one who is a bit uneasy about the total value paid for Jota? I mean £41m is quite a lot for him.
How good is Jota? The focus always ends up being on Traore, Jimenez and Neto whenever Wolves are playing.

Otherwise, happy days!

[Eeyore]

Didn't Werner get an €11m signing on fee + €15.5m a year? I very much doubt Jota is getting even a third of that so it's not a very good analogy.

Jota is a client of Jorge Mendes so I wouldn't bank on a cheap signing on fee and wages.

[Chris~]

He may have talked you out of buying the German car you really wanted and convinced you to buy a potentially inferior car for around the same amount of money. It would be a brilliant deal though because you only have to pay 10% of the cost upfront.

The question would be in a years time when you have to cough up the other 90% would you be kicking yourself for not buying the prestige German car.

I think the same is true of pulling out of a deal for Werner at £45m and then stumping up £41m potentially rising to £45m for Jota. We will only know whether it was a good idea in the fullness of time.

You said before it needs to be paid within 2 years as per the premier league rules, there is quite a difference between paying 45m by June 2020 and 41m by september 2022

[El Lobo]

He’s playing cheat mode on FM. Taking over other clubs with fake managers and making deals that look just about acceptable like Thiago for £5 million a year.

[Fromola]

Jota is a client of Jorge Mendes so I wouldn't bank on a cheap signing on fee and wages.

In fairness, they wouldn't commit to the Werner deal at a time when everything was up in the air with Covid. We didn't know if the season would even finish and whether that would mean TV monies not received, we didn't know what next season would entail, whether there'd be a CL etc. Chelsea weren't bothered.

Had Werner been willing to wait that deal could have been done at a later stage.

Jota won't be cheap but you're talking a lot less than Werner over the course of the contracts.

[CraigDS]

You said before it needs to be paid within 2 years as per the premier league rules, there is quite a difference between paying 45m by June 2020 and 41m by september 2022

Has Al provided a source for this yet?

[Eeyore]

You said before it needs to be paid within 2 years as per the premier league rules, there is quite a difference between paying 45m by June 2020 and 41m by september 2022

From an accounting point of view they are similar though both fees will be amortised over the length of their contracts. The difference is in terms of cash flow. The question will be was it worth passing on Werner because of cash flow when borrowing money is so cheap at the moment.

I think the sensible thing to do is to wait to pass judgement on whether we have taken the right course of action.

[CraigDS]

Where is your source for fees having to be paid within 2 years as per PL rules, Al?

[Chris~]

From an accounting point of view they are similar though both fees will be amortised over the length of their contracts. The difference is in terms of cash flow. The question will be was it worth passing on Werner because of cash flow when borrowing money is so cheap at the moment.

I think the sensible thing to do is to wait to pass judgement on whether we have taken the right course of action.

I understand the difference, that's why I said there is a big difference between the two payment by dates, which you brought up in your analogy.

Does Edwards get to decide on how much we loan from a bank?

[CraigDS]

I understand the difference, that's why I said there is a big difference between the two payment by dates, which you brought up in your analogy.

Does Edwards get to decide on how much we loan from a bank?

I mean it bizarrely keeps coming back to this increase debt to buy idea, which the club has clearly decided against given the structure of the Alcantara and Jota deals.

We’re already going to need to find £100m to fund the loss in revenue we’re due to make (and that’s at least £100m, could easily be more looking how things are going with the covid numbers right now), let alone to take on shit loads more now to fund the large upfront payment for certain players.

[Gaz123456]

Still an unsung hero in my opinion. He's been instrumental in us signing some of the best players in the world for bargain prices (relatively). FSG must love him.

[Red Beret]

From James Pearce. This is Mikey Edwards negotiating skills. 

See the current financial situation works for a man like Edwards over the medium term. With club revenues shrinking due to Covid, getting some guaranteed regular payments over several years helps clubs with their financial planning. Genius move.

[Kashinoda]

https://www.reddit.com/r/LiverpoolFC/comments/ivc6mp/how_michael_edwards_conducts_business/

[gamble]

So were we just pretending to be skint?

[WhereAngelsPlay]

He’s playing cheat mode on FM. Taking over other clubs with fake managers and making deals that look just about acceptable like Thiago for £5 million a year.

But he will never admit it. 

[WhereAngelsPlay]

From an accounting point of view they are similar though both fees will be amortised over the length of their contracts. The difference is in terms of cash flow. The question will be was it worth passing on Werner because of cash flow when borrowing money is so cheap at the moment.

I think the sensible thing to do is to wait to pass judgement on whether we have taken the right course of action.

Are you going to admit that you are wrong ?

For accounting purposes they are amortised over the length of the contract. That has nothing to do with how they are paid. Look at Coutinho we accepted staged payments and then sold that on to a third party in exchange for an immediate payment.

When looking at transfers you need to separate cash flow from accounting procedures.

[kavah]

https://www.reddit.com/r/LiverpoolFC/comments/ivc6mp/how_michael_edwards_conducts_business/

ha ha 

[In the Name of Klopp]

https://www.reddit.com/r/LiverpoolFC/comments/ivc6mp/how_michael_edwards_conducts_business/

Haha that's fucking brilliant 

[Eeyore]

Are you going to admit that you are wrong ?

No I am afraid you will have to point out what is wrong with the posts you quoted.

[WhereAngelsPlay]

No I am afraid you will have to point out what is wrong with the posts you quoted.

The fuck I do (did last night),I'm not the fella chatting shite & making up non existent rules.

[Samie]

Al there is no rule in the FA and PL handbook saying you have to pay up within 2 years. I know because I looked it up. Just say you fucked up. 

[CraigDS]

No I am afraid you will have to point out what is wrong with the posts you quoted.

...

Where is your source for fees having to be paid within 2 years as per PL rules, Al?

[Rush 82]

.

Where did you get the two year  payment rule from?