Frenkie de Jong | The last muppeting lap

Frenkie to United?


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antohan

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I can see direct streaming to the fans as the next major revenue stream in the mid-term -- same as for MUTV. This will be the thing that elevates United's value exponentially, bigger than any super league BS.

But NFTs... :rolleyes:
Well, we can't as EPL won't allow and they (easily) can't because they sold 25 of the streaming rights which are owned in another vehicle (BLM).

NFTs and the metaverse sounds like a load of nonsense, but they won't care seeing as some numpties have paid up 100M to jointly explore how to make money off Barca image rights in the metaverse. The cost of making and distributing digital products is negligible so they have nothibg to lose really.
 

DickDastardly

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Mikky did a sad face (:() on Instagram except it was more like a blank face (where the feck is the fecking blank face emoji ffs) with a smirk face at the end (haven't got that either, Niall is a disgrace) so everyone went insane as usual because we still have no updates.
Whats Henrikh got to do with this now?

And why is he sad? Jose again?
 

Plant0x84

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I don't understand it. I know the club sold one bunch of TV rights to American investors, and now they are selling 25% of the TV rights to Barca Studios, which I presume means two separate deals, unless they have sold the same set of TV games and videos twice? (Which I am not discounting).
Tv rights was exactly that. 25% of Barca studios is a portion of that business. It “centralises all of fcb’s audio visual offerings”. Not just live game tv rights. It’s there media wing basically.
 

antohan

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What's the point in negotiating when it's worth 15x more than that in reality? The buyer (an American investment firm) are getting a steal and Barcelona need the money right now.
I don't think their deals are that bad.

Selling 25 years of a revenue stream currently worth €35M for >€500M with a buyback clause sounds about right.

Selling 25% of digital smoke and mirrors for 100M is essentially free money and if the new partners can make that bus8ness work and grow they will have 75% of something as opposed to 100% of a company that currently loses money. They basically got someone to pay 100M to part-take in their loses, that's the base case here.
 

Frosty

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Tv rights was exactly that. 25% of Barca studios is a portion of that business. It “centralises all of fcb’s audio visual offerings”. Not just live game tv rights. It’s there media wing basically.
Thank you.

I think the Glazers are missing a trick here.

Get those Barca finance boys in, sell the naming rights to Fred the Red and clear all our debt.
 

cyberman

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I don't think their deals are that bad.

Selling 25 years of a revenue stream currently worth €35M for >€500M with a buyback clause sounds about right.

Selling 25% of digital smoke and mirrors for 100M is essentially free money and if the new partners can make that bus8ness work and grow they will have 75% of something as opposed to 100% of a company that currently loses money. They basically got someone to pay 100M to part-take in their loses, that's the base case here.
Barca will never be able to afford a buy back clause. It’s not a transfer fee that spread over a contract
 

antohan

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"blockchain, NFT and Web.3 strategy "

Oh wow, these clowns really might end up insolvent.
None of that can make you insolvent if you are the source of content (FC Barca). What can make you insolvent is paying 100M to buy rights over that content (socios.com) or buying the products they will be offering.
 

bosskeano

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Let's see:
  • Anything sexual
  • I'd eat anything that wouldn't kill me
  • I'd humiliate myself in front of the whole world
  • I'd cut off three fingers
  • I'd have a dentist pull a tooth with no anesthetics
  • Etc.
i don't know about the cutting off of 3 fingers ....and as long as it doesnt include a dildo and my arse i'm good
 

antohan

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What?? Their TV rights they sold for 500m are worth around 2 billion, and that’s without inflation, pretending the rights will stay at their current level.
It’s a fecking terrible deal man :lol:
They get 140M a year from that. 25% of 140M is 35M.

That's what they sold, a revenue stream that currently stands at 35M/year. At the extreme, not discounting the cash flow, the top end for that is 25yx35M=875M.

Any 2 billion valuation necessarily has to be inflated assuming all sorts of upsides, but in that scenario there's a buyback.

Sure, the buyback must have penalties and the buyers aren't making a bad deal either, but it's not distress sale values I'm seeing there.
 

Lost bear

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So where and what was the knowing grin? I just can't bring myself to read through the entire muppet encyclopeadia to find it. Help a guy out someone?
 

Brownie85

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So Chelsea want to hijack FDJ and Sesko from us, and as we’ve seen Barca love to hijack a Chelsea deal - does that mean eventually Barca hijack their own sale and FDJ gets to stay?!! :nervous::houllier::lol:
Doooooo they?? Is Sport at it again... or the Daily Mirror as I saw on Sky Sports gossip
 

devilish

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It wouldn't be the craziest thing in the circumstances and given our needs.

Not a perfect comparison but it's not uncommon to negotiate a sign on to roughly equate to the value of unvested stock options when leaving a company. Can think of it as paying upfront for money the employee would receive down the line by staying at a company.
Let's put things in perspective. This deal had been dragging for months. Barca had placed him on sale and they had hinted that they'll ready to play him as a reserve CB. Despite all that De Jong had made it clear that he prefers Barca to us.

Despite all that you're cool with us making De Jong the 2nd highest paid player at United not because he deserve it but simply to pay him off the deferred salary he earned at Barcelona. Can you imagine how that would sound inside our dressing room? We're telling the likes of Bruno to sit down and take a lesser salary because De Jong deserve better for his work with a rival club. Let that sink in.

Not to forget that we're not the desperate party here. Barcelona are the ones who can't register players unless they sort the De Jong mess. Yet we will end up paying their bills in the end. This is a level of incompetence not even the Woodward-Judge administration had ever reached.
 

AB_89

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The analysis I would like to see is what happens to Barca next year.

In order to pay some of the short term debt, sign and register players for this season they have activated 3 "levers" :
- Sold 10% of the domestic TV rights for a fee of €267 million.
- Sold another 15% of the domestic TV rights for a figure of around ̉€400 million.
- Sold 25% of Barça Studios for a fee of around €100 million.

These sales can be marked as profit straight away on the accounts, while player purchases are amortized over the period of the contracts. So this all makes sense for now.

How will they manage to deal with the extra amortization from Lewandowski, Raphina, Kounde and Torres. The wages of Kessie, Christensen and Aubameyang. Plus, the deferred salary of Pique, Busquets, Alba etc when they have lost 25% of domestic TV revenue and 25% of Barca studios revenue?

If someone could run those numbers I'm sure it would be a fascinating read!
 

antohan

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Barca will never be able to afford a buy back clause. It’s not a transfer fee that spread over a contract
The point of having a buy back clause is if for some reason TV rights suddenly start going for twice as much then obviously you get financing and buy back.

Of course they won't have that sort of money sitting around, but the business case could be watertight if the uptick is relevant.

This shouldn't sound like rocket science when we support a club purchased by some random punters that just committed future club revenues to buy it.
 

eire-red

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I would love to see FDJ in a United shirt. He would be a fantastic signing for us and pretty much fills a lot of the glaring holes that we have in that area.

However, the fact that we are about to start the season not having signed any deeper-lying midfielders is so frustrating. I don't think FDJ is worth this kind of saga. If it was Haaland we were chasing, then fair enough I'd wait till the last possible moment.

Wish we would just move on.
 

Tony247

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News is coming after the words of Joan Laporta.

Third lever activated - 25% of BarcaStudios for €100M.
Soon players will begin to register.
So you mean now Frenkie will stay, Barca will pay him huge wages including those deferred and united will finally move on?
 
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