Mateus Fernandes | Spurs player

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Champ said:
Parasites that have put in £200m plus into the club already.... Have restructured the club to make it profitable again, have changed the trajectory of the club.....I want me some of those parasites....

They haven't lied about anything yet, so no reason to assume they will start now.
These 'chips' are nothing more than displaced anger I reckon.
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They bought shares.

Save the amateur psychology for somebody else.
 
The holy trinity 68 said:
Not really, Ugarte was going to be sold, the club needed the money for this transfer window.
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Idk. If anything, Ugarte probably fetches £15-20M. When we probably spend £200M+ this window, it's hardly a massive budget buster. There was also a fair chance all we could get was a loan for Ugarte (a la Rashford, Sancho, Onana), which given the FIFA international duty insurance will cover up to $7.5M a year, we're now getting full wage coverage for him anyway, similar to a loan deal.

I think the impact on this summer's business is minimal.
 
Koldbeer2021 said:
Share injections absolutely do count for PSR, upto 90m over 3 years can be injected via that mechanism under prem rules, of which West Ham are still under for the next few days. We've not had any share injection so can use the full total. This has been the plan from the start, the uncertainty was whether it'd be just Kretinsky or will Sullivan match the injection and secure his own stake. Guess we will find out soon!

Beyond that we have to make sales in order to fit within the 85% cap laid out by SCR. Thats why there is ZERO chance of a sale happening before the 1st July, we need that headroom for the following season rather than the last accounting season, which can be covered by shareholder injection.

I still think there is alot of postering from West Ham when it come sto price, however remember that Mendes is also Nuno's agent, and the extra millions will mean he gets a bigger cut of the pie, and also the club one of his clients manages also gets more fire power. I can see him pushing hard to get as much money for West Ham as possible.
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I am not sure all of that is entirely accurate. Equity injections are capped at the 90m but do not technically count towards PSR. But owners can guarantee that the club has sufficient operating liquidity to increase the rolling three year loss from 15m to 105m which is where the 90m comes in. Injected money can be spent on infrastructure which is excluded from PSR calculations.

West Ham made a 54m profit the season they sold Rice which is what is keeping them compliant. They made a 104m loss last season even after selling Kudus. This season they’ve sold Guilherme and Paqueta but are likely to make another significant loss anyway, not least because wages to turnover ration has increased from 54% to 77% in three years, while revenue has dropped precipitously with lower league finishes and no European football. They took a 120m five year loan of which they’ve already drawn down 90m to meet a spiralling liquidity crisis, and have nearly 200m in transfer obligations outstanding. It’s further complicated by them ending their accounting period on May 31st vs the PSR deadline of June 30th, a move nearly every other club made. Meaning they have to fact in a month of “next year’s” accounts into this year’s PSR. They are in a complete mess.

Whether any of this means they need to sell before June 30th is unlikely. I would imagine they’d have already made a big sale if that was the case. But in the bigger picture it of course means they have to sell because revenue will drop further and they are hemorraghing money on a year to year basis. They only stayed PSR compliant by selling Rice for such a massive fee. Their SCR headroom is unclear, but it will be tough based just on the wages to turnover ratio above, and turnover will drop further. Not sure how much relegation wage clauses will ameliorate that, and that’s before we’ve factored in amortised transfer costs.

As an aside, their squad cost more to put together than Bayern Munich’s.
 
TsuWave said:
Fbref/Capology has us in 4th.

The Guardian reported, 3 months ago, that Liverpool had the highest wage bill in the league ahead of City [source]
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Yeah that makes sense so we are roughly where we should be. I would understand higher wage bills for existing champions or title challenging teams.

Ragnick explained it too at some point, to build a challenge we should target players who are coming in with room to aim for bigger renewals whilst they are here so they have an extra motivation.

Of course that's overlaid with any players at their peak who should be on huge wages, but I dont think we should get say, Fernandes or even Tonali and throw him in on bigger wages than Mainoo.
 
Ali Dia said:
Hot take but a fit Mason Mount is still currently a better central midfielder than Fernandes or Scott. I think people have just forgotten how good at football he is. I say it every season but if he can stay fit he is literally like a new signing. Big if but he's a very good player
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Hot take indeed. He is a good attacking mid with his high energy pressing and quick feet but central mid is a different animal, different skill set needed. Don’t think he has it
 
simonhch said:
I am not sure all of that is entirely accurate. Equity injections are capped at the 90m but do not technically count towards PSR. But owners can guarantee that the club has sufficient operating liquidity to increase the rolling three year loss from 15m to 105m which is where the 90m comes in. Injected money can be spent on infrastructure which is excluded from PSR calculations.

West Ham made a 54m profit the season they sold Rice which is what is keeping them compliant. They made a 104m loss last season even after selling Kudus. This season they’ve sold Guilherme and Paqueta but are likely to make another significant loss anyway, not least because wages to turnover ration has increased from 54% to 77% in three years, while revenue has dropped precipitously with lower league finishes and no European football. They took a 120m five year loan of which they’ve already drawn down 90m to meet a spiralling liquidity crisis, and have nearly 200m in transfer obligations outstanding. It’s further complicated by them ending their accounting period on May 31st vs the PSR deadline of June 30th, a move nearly every other club made. Meaning they have to fact in a month of “next year’s” accounts into this year’s PSR. They are in a complete mess.

Whether any of this means they need to sell before June 30th is unlikely. I would imagine they’d have already made a big sale if that was the case. But in the bigger picture it of course means they have to sell because revenue will drop further and they are hemorraghing money on a year to year basis. They only stayed PSR compliant by selling Rice for such a massive fee. Their SCR headroom is unclear, but it will be tough based just on the wages to turnover ratio above, and turnover will drop further. Not sure how much relegation wage clauses will ameliorate that, and that’s before we’ve factored in amortised transfer costs.

As an aside, their squad cost more to put together than Bayern Munich’s.
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And that loan is at an estimated c10%
 
VP89 said:
Yeah that makes sense so we are roughly where we should be. I would understand higher wage bills for existing champions or title challenging teams.

Ragnick explained it too at some point, to build a challenge we should target players who are coming in with room to aim for bigger renewals whilst they are here so they have an extra motivation.

Of course that's overlaid with any players at their peak who should be on huge wages, but I dont think we should get say, Fernandes or even Tonali and throw him in on bigger wages than Mainoo.
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Totally agree.
 
simonhch said:
Whether any of this means they need to sell before June 30th is unlikely. I would imagine they’d have already made a big sale if that was the case. But in the bigger picture it of course means they have to sell because revenue will drop further and they are hemorraghing money on a year to year basis. They only stayed PSR compliant by selling Rice for such a massive fee. Their SCR headroom is unclear, but it will be tough based just on the wages to turnover ratio above, and turnover will drop further. Not sure how much relegation wage clauses will ameliorate that, and that’s before we’ve factored in amortised transfer costs.

As an aside, their squad cost more to put together than Bayern Munich’s.
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I think there are two clear issues here. One is the liquidity issue that has been somewhat alleviated by Kretinsky taking a more active main shareholder position. Without that the only way we'd have made that money back is by a fire sale you'd imagine. I suspect that is why Man Utd board thought they could get Fernandes 'on the cheap' but obviously things have shifted a lot since the end of the season.
The other is the PSR and then the SCR position. The Kudus sale for accounting terms will go into the 25-26 accounting statement for PSR purposes as it went through in July 2025, so combined with Paqueta and Guilherme money and a reduction in wages (we loaned put a few big wage players last year or either the full or half a season) should be enough to reduce the loss enough to not be in breach of PSR for 25-26. This is why we haven't made any fire sales yet, there is enough of a buffer from those three sales to prevent a loss big enough to breach.

I do have concerns as a West Ham fan for the SCR though. It is so important that we do get as much money as we can for Fernandes, even 10m difference may be the decider of whether we can keep Bowen or not, etc. Our revenue is probably going to fall 40-50% even with parachute payments, out forecasted revenue is something like 110-120m I believe vs 220ish from last year, so you can see why we are determined to get as much as possible for Fernandes and Summerville as well. The sale of both of them for anything north of 100m combined probably covers any SCR worries and leads to a small amount of headroom, which may grow depending on just how many high earners can be shifted or at worse loaned out.

I think Romano is spot on though, Fernandes will go to whoever offers the most, if he goes to Tottenham its a stepping stone much like it was for Modric and Bale, put in great performances and you'll get a Madrid move in 2-3 years. Equally I'm sure he'd be happy at Man Utd as well. I think you may find things move quickly as we shift into early July on him.
 
Brightonian said:
I actually don't agree with that. Never liked him as a CM at all. He's dynamic as an attacking mid and a good presser but doesn't dominate the space or have the defensive impact you expect from a true CM. He's not strong or tall so offers nothing in terms of winning aerials and second balls.

And most of all, there's what I think is his fundamental weakness in any position: he doesn't grab the game by the scruff of the neck. At his best, he converts good football into assists and goals. But he can't make the good football happen. Never seen him turn a poor team performance around. And you don't have to be Bruno; midfielders like Herrera or even McTominay used to do that for us sometimes. It's about willpower, and he doesn't have it.
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Agreed. Mount did well at Chelsea partnered with Kante, Jorginho & Kovacic, but we don't have those types currently. He's rather redundant with Bruno around, unless you want to play with 2 #10's, and narrow. Maybe a false #9? Not a CM that we need week in & week out.
 
aeh1991 said:
We didn't need the 15m that we would have got for him
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I think we would have liked some cash and his books off the wages, instead of just his wages covered for the year. We would have budgeted for a sale, a loan with wages covered for the year and no loan fee would be literally the worst option - aside from this, because now he won't play for a year.
 
Hum… ok guys, it’s a drone now and multiple people have asked for it to end or be taken to another thread.

Posts that continue along the same line will be deleted.
 
One of those signings that obviously going to happen. Always has been. Sit back, relax and wait for the announcement
 
simonhch said:
West Ham made a 54m profit the season they sold Rice which is what is keeping them compliant. They made a 104m loss last season even after selling Kudus. This season they’ve sold Guilherme and Paqueta but are likely to make another significant loss anyway, not least because wages to turnover ration has increased from 54% to 77% in three years, while revenue has dropped precipitously with lower league finishes and no European football. They took a 120m five year loan of which they’ve already drawn down 90m to meet a spiralling liquidity crisis, and have nearly 200m in transfer obligations outstanding. It’s further complicated by them ending their accounting period on May 31st vs the PSR deadline of June 30th, a move nearly every other club made. Meaning they have to fact in a month of “next year’s” accounts into this year’s PSR. They are in a complete mess.

Whether any of this means they need to sell before June 30th is unlikely. I would imagine they’d have already made a big sale if that was the case. But in the bigger picture it of course means they have to sell because revenue will drop further and they are hemorraghing money on a year to year basis. They only stayed PSR compliant by selling Rice for such a massive fee. Their SCR headroom is unclear, but it will be tough based just on the wages to turnover ratio above, and turnover will drop further. Not sure how much relegation wage clauses will ameliorate that, and that’s before we’ve factored in amortised transfer costs.

As an aside, their squad cost more to put together than Bayern Munich’s.
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Kudus was transferred in July 2025, not the accounting year of the loss.

All in all West Ham sold about £120m worth of players in 25/26 registering about £70m in profits on Kudus, Paqueta and Aguerd.

The £200m net transfer obligations were figures @ May 2025, not current ones.

The current net figure is probably in the region of £110m for 2026 onwards - before any post-relegation summer sales.

Cash into the club via a share issue should deal with the cashflow aspect of this, leaving the club to sell players to generate £50m-£60m accounting profit to make the championship SCR position comfortably viable. Selling Fernandes will obviously play a big part in achieving this.
 
with the apparent injury to Ugarte(speculation he could be out for the season) will that speed up the process of bringing in Mateus or Alex Scott?
 
I think this will be done soon, and Tchouameni after the World Cup.

Mateus, Ederson, Tchouameni and Mainoo for the 4 midfield spots.
 
golden_blunder said:
Which I think we’d all be delighted with if that’s how it pans out
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Be absolutely outstanding, all could probably play together too.

Fernandes the best passer of the lot
Tcho for his defensive skills
Ederson a physical monster
Mainoo the press resistant technical one

Now that is a midfield rebuild we could all get behind.
 
This is just like Mbeumo and Sesko last year, Newcastle and other clubs linked hard and many reported we were going to lose out on those targets.

Player is really keen to come to us so I am more confident we will get Mateus, who knows we may get one of Tchouameni or Alex Scott too.
 
Bwuk said:
I think this will be done soon, and Tchouameni after the World Cup.

Mateus, Ederson, Tchouameni and Mainoo for the 4 midfield spots.
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This is how it’s been looking for a couple of weeks, be interesting to see if there will be any twists or out of nowhere players who suddenly crop up.
 
Bwuk said:
I think this will be done soon, and Tchouameni after the World Cup.

Mateus, Ederson, Tchouameni and Mainoo for the 4 midfield spots.
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Would be made up with this - even if it meant no more signings this summer. Yes we’d be short in one or two areas still - but for the first time in about 15 years we’d have a proper fecking midfield.
 
I've firmly got all my eggs in the Fernandes basket this summer, after seeing some of the other prices banded around I think we might have to push the boat out a bit more than we'd like on this one but I think it's worth it to get him aboard as he's a very good player who's likely to continue getting better, this isn't the position to be penny pinching on.
 
Bwuk said:
I think this will be done soon, and Tchouameni after the World Cup.

Mateus, Ederson, Tchouameni and Mainoo for the 4 midfield spots.
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Do we even have the money for this? Thought we needed to sell Ugarte to raise cash?
 
golden_blunder said:
Which I think we’d all be delighted with if that’s how it pans out
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Yeah without doubt, however suspect we will need to look at alternatives with similar profile to Tchouameni. So need to focus on getting this guy signed then see if any opportunity presents itself after World Cup.
 
Bilbo said:
One of those signings that obviously going to happen. Always has been. Sit back, relax and wait for the announcement
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Tend to agree. I expect it’s wrapped up already and waiting to be announced ready for the new financial year. I see no reason why any player joins Spurs over United, especially after last season. Usual reporter nonsense to make it look they know more than they actually do and fill headlines.
 
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