bigmac
Superstar
i didn't stutter
he's in my top 5, somewhere on the 4th or 5th spot
Messi's contract :mindblown:
- Thread starter DlAMONDZ
- Start date
THE MACHINE
night owl
desjardins
Veteran
he'll have to retire a billionaire i'm assuming
doesn't even include the surely $50m+ a yr in endorsements he's probably getting
doesn't even include the surely $50m+ a yr in endorsements he's probably getting
Why do people often say stuff like this. Thr amount of your debt is pointless without mentioning the value of your assets and your cash flows.Isn't Barca nearly $2 billion in debt?
JPMorgan probably have the most debt in the nation, but they also have the most assets and among the strongest cash flows.
Another good example is Apple, they have 150 billion or something in debt but over 200 billion in cash. And dumb solid and huge cash flows.
The teams problems are most likely tied to C19, which makes it harder to service the debt.
We already broke that down. Its Covid 19 issues and they still owe hundreds of millions in past and present transfer fees, their players have to wait to be paid and take a pay cut, and they're facing bankruptcy. Barce is one of the biggest clubs in the football world but they're not an Apple or JP Morgan breh
FC Barcelona finances: $117 million loss, fails to pay players - Insider
HE_Pennypacker
Superstar
Xavi is the best central midfielder of all time, ffs
Messi entered the XI when Ronaldinho was the best player in the world and Eto’o was like 1a in best striker.
I swear anytime there are big goals for Barcelona, Iniesta is there starting the move or giving a key pass. Like Xavi gives the assist but Iniesta created the space for him to have the time. He even said Eto’o should have a statue outside the Nou Camp
We already broke that down. Its Covid 19 issues and they still owe hundreds of millions in past and present transfer fees, their players have to wait to be paid and take a pay cut, and they're facing bankruptcy. Barce is one of the biggest clubs in the football world but they're not an Apple or JP Morgan breh
FC Barcelona finances: $117 million loss, fails to pay players - Insider
I don't see how this post disputes anything I said
You average Joe has 100s of thousands in debt too. A small community bank has debt, anyone taking out a mortgage has debt, people with auto loans, college, whatever, debt is everywhere. Apple and JPM just happen to be very simple examples that can be lent to any other case of debt. Like I said, it's all in relation to your income and assets. That's why the whole field of credit analysis is about ratios not absolute numbers.
C19 is the only problem here, just like the liquidity crisis of 08 almost made huge and successful companies fail cause their cashflows were disrupted. It's like disregarding the financial crisis, interbank market freezing and just saying hey "GE almost failed due to them borrowing money".
If Apple is in a slump they can release new products that their loyal consumer base will gobble up, JP can sell off depreciating assets or at worst get bailed out by the US Government. Barcelona doesn't have the lifelines of their monstrous companies you mentioned unless a billionaire buys acquires the team. They have to be on top in La Liga for their income & assets to outweigh their liabilities. They have to acquire some of the best players in the world, that stadium needs to be packed, they have to sell merchandise worldwide, and most importantly they have to wins matches and championships. If it was just about them moving product and merchandise in Spain and worldwide without performing well on the pitch in games then you might have a point. Barcelona's debt is badI don't see how this post disputes anything I said
You average Joe has 100s of thousands in debt too. A small community bank has debt, anyone taking out a mortgage has debt, people with auto loans, college, whatever, debt is everywhere. Apple and JPM just happen to be very simple examples that can be lent to any other case of debt. Like I said, it's all in relation to your income and assets.
noob_saibot
All Star
If he is earning that, how much money is he generating for the people who pay him?
You can't sell assets when the credit markets are frozen - which is why the financial system was bailed out. As were other industries during 08/09.
Like you are saying they have to sell things to survive, just like you are saying Apple needs to do and if that somehow is DISRUPTED I.e. Covid19, problems erupt
.And Apple must make the best phones or they won't sell enough phones to cover their costs either. Like Barcelona, they would have to downsize their business to compete in their correct position like many phone makers before them
It's not all bad debt, they invested a lot of money to become a club worth billions of bucks and their assets are still worth billions. They can still sell their players and bring in a lot of headroom. Most big clubs have large debts and large assets - some for example most english clubs are private companies who can get equity infusions from their owners. Certain Spanish clubs like Barcelona and Madrid are sporting clubs owned by their fans - therefore no shareholders contributions or rights issues. If shyt hits the fan they can transform from that cooperative form to their form of LLC and sell half the club and take in billions. They can do a lot of things.
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They own their stadium Camp Nou and the club is worth $4 billion and their assets are worth millions not billions. If they sell some players and down the line become a mid table team then that's a huge blow to their revenue, ratings, worldwide fandom, mystique, etc. Everyone is saying their debt is bad, you say its not.. so be it. I have no dog in the fightYou can't sell assets when the credit markets are frozen - which is why the financial system was bailed out. As were other industries during 08/09.
Like you are saying they have to sell things to survive, just like you are saying Apple needs to do and if that somehow is DISRUPTED I.e. Covid19, problems erupt
And Apple must make the best phones or they won't sell enough phones to cover their costs either. Like Barcelona, they would have to downsize their business to compete in their correct position like many phone makers before them
It's not all bad debt, they invested a lot of money to become a club worth billions of bucks and their assets are still worth billions. They can still sell their players and bring in a lot of headroom. Most big clubs have large debts and large assets - some for example most english clubs are private companies who can get equity infusions from their owners. Certain Spanish clubs like Barcelona and Madrid are sporting clubs owned by their fans - therefore no shareholders contributions or rights issues. If shyt hits the fan they can transform from that cooperative form to their form of LLC and sell half the club and take in billions. They can do a lot of things.
1. If they have billions of debt and positive equity, they have billions of assets by definition of the first lesson of accountingThey own their stadium Camp Nou and the club is worth $4 billion and their assets are worth millions not billions. If they sell some players and down the line become a mid table team then that's a huge blow to their revenue, ratings, worldwide fandom, mystique, etc. Everyone is saying their debt is bad, you say its not.. so be it. I have no dog in the fight
2. Everyone is not saying that the debt is bad debt. If it wasn't for the debt, the revenue could've suffered to the point that they would've ran into troubles to service a lot less debt in a lot better times. I have read articles from people a lot less qualified than I am to judge a balance sheet. I have also seen a few experts talk about the current hardships of different soccer clubs including Barcelona. My conclusion from those "analyses" is that Bartomeu and staff have mismanaged the cash flows and liquidity planning. Which wouldn't have been a major problem if a global pandemic didn't hit in the exactly wrong period.
The whole point is the bigger the club, the bigger the debt. Therefore just saying "omg what are they doing their debt is x dollars" is stupid. Credit analysis is based on ratios, not absolute numbers.
I swear I feel like the rest of the world is trolling America about loving soccer so muchthat shyt is kinda fun to play but for it to be their top sport that they obsess over
tbf i don't think the rest of the world really cares about what America thinks about football (soccer). It's probably the most accessible democratic sport to play, you dont need a lot of equipment, which is one of the reasons it's so popular globally