£4m to Sunderland
He's got his Coates
- Thread starter redhorizon2
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A little harsh perhaps.
Bit of mills there for a laugh
We made profit...im happy.
But there is a good player in there....only we would have never got that player out.
But there is a good player in there....only we would have never got that player out.
He's never looked like anything other than a clogger when I've seen him play.
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bkwitche2
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Accounting wise that will go down as a profit still. £7 million amortized over the length of his contract and reduced each of the 4 years since he got here, shouldn't be much of that left on the books now. Maybe a couple million or less now.
Not saying it's great or anything, but it will probably hit the books as a profit.
Not saying it's great or anything, but it will probably hit the books as a profit.
You romantic fool.
Accountants Eh?
Only they could make a return of £4m after spending £7m & countless more on wages look like a profit.
I must try that with the bank - take a loan out and over them just over half of it back telling them my account said it looks like profit for you.
Only they could make a return of £4m after spending £7m & countless more on wages look like a profit.
I must try that with the bank - take a loan out and over them just over half of it back telling them my account said it looks like profit for you.
I had to pass an Accounts paper to qualify as a company secretary back in the day, and I couldn't believe how much of it was thinly disguised guesswork.
I don't mean to be a dick and all that. Well, I suppose I do. But if he's perpendicular to the ground then he's standing up.
That goal was fantastic - Good luck to him I guess. I never really saw that much of him but he was young and had lots of potential. 4Mill is about right.
Meh, not being a dick. Parallel. I was being an idiot (more likely not sober)! Thanks for the correction.
That's just a quirk of the system of depreciation. It's of no relevance to anyone that the final entry is a profit.
This.
I didn't here him moan once to the papers or nothing.
Mors berk comment is harsh.
But he's a fucking shit for brains so it's hardly surprising.
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bkwitche2
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Ultimately you're right. But it will knock two million or so off the expenditures in the fiscal year he is sold, so it does make some difference in FFP terms.
But as I said before, it's not like I'm applauding the amazing business we've done here. It's probably a fair price for him now. Made a bet and ultimately it didn't work out.
"Hello. Sebastian? Hi. We've sold you to Sunderland."
"Hello. Sebastian? Hi. You've won £1b."
Shields Gazette says its lower than that...
[article=http://www.shieldsgazette.com/sport/football/sunderland-afc/sunderland-to-sign-liverpool-s-sebastian-coates-for-bargain-2m-1-7331338]Sunderland will tie up the signing of Sebastian Coates this week – for a bargain £2million.
The Liverpool defender is set to complete a permanent move to Wearside after his loan spell last season.
Coates has been on Copa America duty and is taking some time off after Uruguay’s exit last week.
But Sunderland will push through the transfer to become Dick Advocaat’s first signing as head coach.
Reports from Merseyside say that the fee will be £4million, but it is understood that Sunderland will only pay half that amount.
Coates only has 12 months left on his Liverpool contract and the Reds are keen to cash in on him to help fund boss Brendan Rodgers’ summer rebuilding job.
But director of football Lee Congerton and the Black Cats board won’t be held to ransom and have negotiated the price down.
Coates struggled initially to make an impact on loan at Sunderland after being signed by fellow Uruguayan and then-boss Gus Poyet but hit form in the relegation run-in after being recalled to the team by Advocaat.
He impressed enough for Sunderland to sign him permanently, and a fee of £2million is seen as a great piece of business by the club.
His arrival will be the first part of Advocaat’s defensive rebuilding, with Sunderland targeting another centre-half should Santiago Vergini leave the club, while they are also in the market for a right-back.
Stewart Downing remains a target for the Black Cats, who are in the market for a winger, while they have also been linked with QPR’s Matt Phillips.[/article]
[article=http://www.shieldsgazette.com/sport/football/sunderland-afc/sunderland-to-sign-liverpool-s-sebastian-coates-for-bargain-2m-1-7331338]Sunderland will tie up the signing of Sebastian Coates this week – for a bargain £2million.
The Liverpool defender is set to complete a permanent move to Wearside after his loan spell last season.
Coates has been on Copa America duty and is taking some time off after Uruguay’s exit last week.
But Sunderland will push through the transfer to become Dick Advocaat’s first signing as head coach.
Reports from Merseyside say that the fee will be £4million, but it is understood that Sunderland will only pay half that amount.
Coates only has 12 months left on his Liverpool contract and the Reds are keen to cash in on him to help fund boss Brendan Rodgers’ summer rebuilding job.
But director of football Lee Congerton and the Black Cats board won’t be held to ransom and have negotiated the price down.
Coates struggled initially to make an impact on loan at Sunderland after being signed by fellow Uruguayan and then-boss Gus Poyet but hit form in the relegation run-in after being recalled to the team by Advocaat.
He impressed enough for Sunderland to sign him permanently, and a fee of £2million is seen as a great piece of business by the club.
His arrival will be the first part of Advocaat’s defensive rebuilding, with Sunderland targeting another centre-half should Santiago Vergini leave the club, while they are also in the market for a right-back.
Stewart Downing remains a target for the Black Cats, who are in the market for a winger, while they have also been linked with QPR’s Matt Phillips.[/article]
Sunderland AFC @SunderlandAFC 5m5 minutes ago
#SAFC are delighted to confirm the signing of @SebastianCoates from @LFC on a four-year deal. #hawaythelads
Sunderland Echo
[article=http://www.sunderlandecho.com/sport/sunderland-afc/sunderland-complete-the-signing-of-liverpool-defender-sebastian-coates-1-7337269]The fee for the Uruguayan international is understood to be in the region of £2m, as previously reported by the Echo.[/article]
Liverpool Echo
[article=http://www.liverpoolecho.co.uk/sport/football/football-news/liverpool-fc-confirm-coates-sale-9568597]The Uruguayan defender, who had a year left on his Anfield contract, spent last season on loan at the Black Cats and will now make his move permanent for a fee the ECHO understands to be £4m.[/article]
#SAFC are delighted to confirm the signing of @SebastianCoates from @LFC on a four-year deal. #hawaythelads
Sunderland Echo
[article=http://www.sunderlandecho.com/sport/sunderland-afc/sunderland-complete-the-signing-of-liverpool-defender-sebastian-coates-1-7337269]The fee for the Uruguayan international is understood to be in the region of £2m, as previously reported by the Echo.[/article]
Liverpool Echo
[article=http://www.liverpoolecho.co.uk/sport/football/football-news/liverpool-fc-confirm-coates-sale-9568597]The Uruguayan defender, who had a year left on his Anfield contract, spent last season on loan at the Black Cats and will now make his move permanent for a fee the ECHO understands to be £4m.[/article]
Lets meet in the middle and call it £3m then.
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