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Money money money

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Mors

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Liverpool are making Glen Johnson one of the highest paid defenders in the game.

The shit says Johnson hit the jackpot in his £18.5million move from Portsmouth yesterday with a £100,000-a-week, four-year deal worth a whopping £21m.

The England full-back, 24, had given the thumbs up to Liverpool last Thursday, but Manchester City made a late attempt to hijack the switch.

And that led to Johnson striking it rich. Kop boss Rafa Benitez had expected to get his man on far lower wages, yet when City entered the bidding it led to a hasty rethink on his personal terms.

Mark Hughes' men were prepared to pay £80,000 a week and Benitez had to trump that figure to complete his first major transfer of the summer.

Liverpool are ready to hand Javier Mascherano a bumper pay-hike to keep him away from Barcelona and Real Madrid.

The shit says Mascherano, 25, earns around £30,000 a week and has three years on his Anfield contract so manager Benitez is under no pressure to cash in now.

His position has also been strengthened by the fact Liverpool's owners claim they have agreed an extension to their £350m refinancing loan.

However, Benitez is aware he will have to bring the player's wages into line with the rest of Liverpool's big earners.

Despite being one of the world's top holding midfielders, Mascherano is also one of the poorest paid first-team regulars.
 
well johnson is certainly rated, everyone I've spoken to (supporters of other teams) think he is quality.
in this day and age you have to pay for quality. who thought rio was worth 30 mil 9 years ago?
 
Those wages are ridiculous and that fact we agreed is surprising

Benitez is obviously very keen on him, but footballers are particularly sensitive about contracts and you have to consider other players may want parity.

You can justify Gerrard & Torres being on a huge wage but Glen Johnson? No chance.
 
It's disappointing of course particularly for the majority of fans who would pay for the privilege of wearing the shirt. That said, we all know the power of money in the game today and if we're going to keep up not just in England but in Europe, we are going to have to pay top dollar. In truth, we've probably punched above our weight during Rafa's tenure. With the latest cash injections and commercial successes of our rivals, we can't realistically expect to continue to do so unless we accept that a player of Glen Johnson's ability will cost us £18m and we are going to have to pay all of the first-teamers (ie not just the top two or three) serious sums of money.

Kenni makes a good point elsewhere about Johnson's signing resetting the dial for the fees clubs can expect to have to pay for decent full-backs. It has to be a good thing that we have started to influence the market in this way, rather than being victims of circumstance ourselves.
 
[quote author=Squiggles link=topic=34325.msg893374#msg893374 date=1245748598]
Those wages are ridiculous and that fact we agreed is surprising

Benitez is obviously very keen on him, but footballers are particularly sensitive about contracts and you have to consider other players may want parity.

You can justify Gerrard & Torres being on a huge wage but Glen Johnson? No chance.
[/quote]

how are the wages ridiculous? he is THE best right back in the league and he would almost certainly get that elsewhere. if we want the best we have to pay for it.
 
Surely Chelsea started it with Ashley Cole (£9M + Gallas), Bosingwa (£16M), Ferreria (13M)?
 
[quote author=spider-neil link=topic=34325.msg893378#msg893378 date=1245748846]
[quote author=Squiggles link=topic=34325.msg893374#msg893374 date=1245748598]
Those wages are ridiculous and that fact we agreed is surprising

Benitez is obviously very keen on him, but footballers are particularly sensitive about contracts and you have to consider other players may want parity.

You can justify Gerrard & Torres being on a huge wage but Glen Johnson? No chance.  
[/quote]

how are the wages ridiculous? he is THE best right back in the league and he would almost certainly get that elsewhere. if we want the best we have to pay for it.
[/quote]

He's been "the best RB in the league" for one season. It's not much of a pedigree, and I would rather our highest wages went to players who have put in years of good service - Masher, Alonso & co - than to see someone join from a lesser club and get instant parity.

Justify it all you want, Rosco said we're being raped financially - for a good player - and he's spot-on.
 
what we should do is buy mediocrity in the hopes they come good and also spread the net far and wide so maybe ONE of the signings comes good. oh, isn't that what we've been doing for the past 10 years.
Quality not quantity. I for one applaud rather for getting his first choice target and not being put off by the price, he done that 3 years ago we'd have alves.
 
[quote author=Squiggles link=topic=34325.msg893381#msg893381 date=1245748931]
Surely Chelsea started it with Ashley Cole (£9M + Gallas), Bosingwa (£16M), Ferreria (13M)?
[/quote]

They didn't 'start it', no. They took it to a level it hadn't been to before and we've taken it up a notch again. That's what has always happened in the transfer market The difference is this time, we've set the pace.
 
I'm shocked people are complaining that we've paid 18m on a potential future great.

WTF lads, wake up - this is 2009 where even dross costs 10m+.

You want quality in the team?

Shut the fuck up and pay for it.
 
[quote author=spider-neil link=topic=34325.msg893394#msg893394 date=1245749419]
what we should do is buy mediocrity in the hopes they come good and also spread the net far and wide so maybe ONE of the signings comes good. oh, isn't that what we've been doing for the past 10 years.
Quality not quantity. I for one applaud rather for getting his first choice target and not being put off by the price, he done that 3 years ago we'd have alves.
[/quote]

Don't speak on my behalf - I never said anything like that.

You're muddying the water and talking about transfer fee's when the fact is, I said it would be preferable for players to prove their worth to LFC and have a desire to do so. Having to offer 80K a week to fend off a shit plastic club like City is disappointing.

I'd have no problem with it if we were signing Henry or someone similar, but we're not; we're signing a fullback from Portsmouth.
 
[quote author=Terrier link=topic=34325.msg893400#msg893400 date=1245749607]
I'm shocked people are complaining that we've paid 18m on a potential future great.

WTF lads, wake up - this is 2009 where even dross costs 10m+.

You want quality in the team?

Shut the fuck up and pay for it.


[/quote]

Do you even read the thread before you start bashing away on your keyboard?

Because if you did, you'd see that nobody has complained about the transfer fee.
 
[quote author=Squiggles link=topic=34325.msg893411#msg893411 date=1245749953]
[quote author=spider-neil link=topic=34325.msg893394#msg893394 date=1245749419]
what we should do is buy mediocrity in the hopes they come good and also spread the net far and wide so maybe ONE of the signings comes good. oh, isn't that what we've been doing for the past 10 years.
Quality not quantity. I for one applaud rather for getting his first choice target and not being put off by the price, he done that 3 years ago we'd have alves.
[/quote]

Don't speak on my behalf - I never said anything like that.

You're muddying the water and talking about transfer fee's when the fact is, I said it would be preferable for players to prove their worth to LFC and have a desire to do so. Having to offer 80K a week to fend off a shit plastic club like City is disappointing.

I'd have no problem with it if we were signing Henry or someone similar, but we're not; we're signing a fullback from Portsmouth.
[/quote]

who happens to be the best right fullback in the league...
 
[quote author=Terrier link=topic=34325.msg893400#msg893400 date=1245749607]
I'm shocked people are complaining that we've paid 18m on a potential future great.

WTF lads, wake up - this is 2009 where even dross costs 10m+.

You want quality in the team?

Shut the fuck up and pay for it.


[/quote]

well said

the hypocrites will most probably moan if we lose a top target simply cos we couldn't afford an additional 20K/month more.
 
For one season.

I wrote in my previous post that "debates with you go on for hours and go nowhere, and no offence, but I just can't be bothered". I took it out 'cos it sounded mean.

Now I don't think it does.
 
[quote author=spider-neil link=topic=34325.msg893368#msg893368 date=1245748485]
well johnson is certainly rated, everyone I've spoken to (supporters of other teams) think he is quality.
in this day and age you have to pay for quality. who thought rio was worth 30 mil 9 years ago?
[/quote]

My Manc supporting friend thinks Johnson is the best RB in the league and its a fantastic signing evening though it was a bit expensive.
 
Most other reports seem to suggest about 80k p/w rather than 100k, the latter is probably sensationalist rub.
 
Why is anyone taking this report seriously? How the fuck would the journalist know what wages Johnson's on? Apart from anything else, Johnson supposedly ruled out signing for City at the beginning of the bidding process because he wanted CL football. And why would we have to raise our offer to £100k just because City offered £80k? It makes no sense at all, and I don't believe it.

I also think the club deserves a bit of kudos for getting Mascher and his agent to agree to wages of only £30k per week. That must have been some fucking pep talk from Rafa! It probably is time to offer him more now though.
 
The reality is we were competing with Chelsea and Man City if we wanted to sign him we had to show him the money. They were both probably still offering more than us.

People would have been moaning even more so if we had missed out on him.
 
This blog from the BBC's business editor suggests that we might have to start cutting our wage bill/transfer expenditure pretty soon. Or will players be sold to balance the books?

Liverpool walks on

Robert Peston | 08:24 AM, Tuesday, 23 June 2009

The good news for Liverpool FC supporters is that the club is not about to go bust.

George Gillett and Tom HicksI understand that Royal Bank of Scotland has told its two billionaire owners, George Gillett and Tom Hicks, that their £350m debt - which falls due for repayment on 24 July and is owed to Royal Bank and Wachovia of the US - will be refinanced.

A new lending agreement will be put on place.

The less good news is that Liverpool is a microcosm of the British economy: the club borrowed too much; and it now has to tighten its belt, pay down debt and endeavour to live within its means.

There's no reason for Liverpool supporters to feel hard done by or victimised. With household debt, corporate debt and public-sector debt at record levels in the UK (equivalent in aggregate to 400% or so of GDP), they're living a footballing version of what the next five years will be like in UK plc.

And although there may be less money available to the manager to spend on what his supporters want (am I talking here about Benitez or G Brown?), many would say that's better than the alternative of living with the constant fear of foreclosure by creditors.

Royal Bank and Wachovia will insist on significant payments from Hicks and Gillett in the subsequent six months.

The banks have sway over Hicks and Gillett, because the US duo have pledged a good chunk of their US assets as security against the Liverpool debt - and plainly they would rather not have these US assets seized by the banks.

But there's a proud history, lots of backbone and a talented squad (am I talking here about Liverpool FC or the UK?). It may have been foolish to borrow too much, but the lesson has been learned (presumably) and the fight goes on.
 
What cracks me up is the constant over-reaction to players being overpaid and that it will put a huge dent on our operating expenses (OPEX), blah blah blah

Yet the players are bought and within their first few games, nobody will mention anything bout their wages anymore.

There is a reason a financial controller is put in place in any organization, football clubs included.

It's his friggin job to know what's the maximum wage a player can be afforded.
 
[quote author=H link=topic=34325.msg893513#msg893513 date=1245759149]
More CAPEX than OPEX,.
[/quote]

No, Roger's right.

*shudders*

The transfer fee would be the capex and the wages would be the opex.
 
Ah, , BUT where he said 'it will put a hugge dent in our operating expenses' I assumed he meant our transfer budget, so he was only right because I missunderstood him. Normality is returned!
 
[quote author=H link=topic=34325.msg893533#msg893533 date=1245760066]
Ah, , BUT where he said 'it will put a hugge dent in our operating expenses' I assumed he meant our transfer budget, so he was only right because I missunderstood him. Normality is returned!
[/quote]

No, he was only right because the coin he tossed came down on the side of OPEX.
 
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