The Summer 2022 Rangers Transfer Window Rumours and Deals - Thread

[AyrshireBear79]

I'll be disgusted if we lose Aribo for those figures quoted.

Thanks for the update.

 

[CumbrianBear]

No, south west England

Always hated geography at school. Looks like I should HAVE listened.

 

[Burgh-Ger]

He said he knows 2 players names.

We need more than 2.

Just catching up, who are the 2 players?

 

[Portadown_Bear]

Obviously next years accounts will state £6m.

If you're in doubt about the full transfer fee (minus sell-on bonus) we'll receive for Aribo, then it's the following years and then possibly the year after that too, that you want to look at.

If its a guaranteed £10m over time (£6m now and another £4m in future instalments) then the full amount of £10m will be in this years accounts.

If the £4m is dependent on Aribo hitting targets then only the £6m will be in this years accounts.

 

[CaptainCourageous]

Bongonda out-with our price range?

 

[ssblue]

Always hated geography at school. Looks like I should of listened.

Should have listened in English too.

 

[wsb&warmy]

If its a guaranteed £10m over time (£6m now and another £4m in future instalments) then the full amount of £10m will be in this years accounts.

If the £4m is dependent on Aribo hitting targets then only the £6m will be in this years accounts.

That doesn't make sense to me. Is that really how it works?

 

[BruceyBear]

Bongonda out-with our price range?

Depends whether 8m is out of out price range. Not impossible

 

[km_2083]

Just googled Bongonda as have no idea who he is , someone already has his Wikipedia that he’s signed for us

 

[CaptainCourageous]

Depends whether 8m is out of out price range. Not impossible

No way he’s going for £8m!

 

[RotterdamBear]

Who says 8m ?

Hes only got a year left

See Aribo for details!

 

[bornabluenose]

Depends whether 8m is out of out price range. Not impossible

Where's £8m coming from mate

 

[Main Stand]

That doesn't make sense to me. Is that really how it works?

Edit: Misunderstood post.

 

[FriendsDontLie]

Just googled Bongonda as have no idea who he is , someone already has his Wikipedia that he’s signed for us

The curse has struck, next

 

[FriendsDontLie]

Where's £8m coming from mate

We spent 7 on Kent?

Who knows but I can’t see him going for 8 anyway, more like 4

 

[craigiebear]

According to that 50 year old virgin on twitter, that chugs over graphs in his Maws basement all day .. every one of our players is sh1te and every player we are linked with is also sh1te. Good feeling his real name is Declan otool

Well it's Wednesday night, he gets to stay up late.

 

[bornabluenose]

We spent 7 on Kent?

Who knows but I can’t see him going for 8 anyway, more like 4

Was talking about source for the fee, don't think there is any way we would be spending that kind of money on one player.

I was under the impression he would cost nowhere near that, hence my question.

 

[CumbrianBear]

Should have listened in English too.

I excelled in Biology thanks to your mum

 

[HamiltonBear]

Always hated geography at school. Looks like I should of listened.

Did you prefer English?

 

[Hoosier Ranger]

That doesn't make sense to me. Is that really how it works?

Yes. That is how it works (USA Certified Public Accountant here).

Revenue is only recorded on the Income Statement when it is 100% earned and it has to be recorded in the period that it is earned.

 

[wsb&warmy]

Most transfers are done in instalments.

Release clause needs to be paid upfront.

I think we’ve agreed to instalments in this case, to insert a sell on %age with the club.

Most transfers are done in instalments

I know that.

Release clause needs to be paid upfront.

No it doesn't, if the selling club agree to it otherwise.

I think we’ve agreed to instalments in this case, to insert a sell on %age with the club.

Correct. (You've contradicted yourself)

 

[Main Stand]

Most transfers are done in instalments

I know that.

Release clause needs to be paid upfront.

No it doesn't, if the selling club agree to it otherwise.

I think we’ve agreed to instalments in this case, to insert a sell on %age with the club.

Correct. (You've contradicted yourself)

I must have misunderstood your initial post then, apologies.

Edit: %^*& just re-read the post you replied to, missed the bit I now know you mean. Apologies.

Nah, don’t see why it would work like that because the instalment money wouldn’t be in our account per se.

Then again, I’m not an accountant.

 

[FriendsDontLie]

Was talking about source for the fee, don't think there is any way we would be spending that kind of money on one player.

I was under the impression he would cost nowhere near that, hence my question.

Sorry mate picked you up wrong, hope we can still be pals

 

[BruceyBear]

Where's £8m coming from mate

Just seen him valued around that. Dont believe a word out my mouth as ive no idea just seen that and believed it lol

 

[charlie_snowball]

I excelled in Biology thanks to your mum

Did she explain osmosis and Pleurococcus to you?

 

[wsb&warmy]

Yes. That is how it works (USA Certified Public Accountant here).

Revenue is only recorded on the Income Statement when it is 100% earned and it has to be recorded in the period that it is earned.

I find it strange how it can be classed as £10m earned in a single financial year, when only £6m is coming in on the first year and more money incoming in following year(s). The total money won't all be transferred to the bank account in that single financial year so surprised it would be counted in full for one year only.

Not doubting you, as an accountant obviously. I just find it strange.

 

[Main Stand]

Yes. That is how it works (USA Certified Public Accountant here).

Revenue is only recorded on the Income Statement when it is 100% earned and it has to be recorded in the period that it is earned.

Interesting.

Would never have thought that.

 

[FhillBear]

I find it strange how it can be classed as £10m earned in a single financial year, when only £6m is coming in on the first year and more money incoming in following year(s). The total money won't all be transferred to the bank account in that single financial year so surprised it would be counted in full for one year only.

Not doubting you, as an accountant obviously. I just find it strange.

sales are recognised in the period in which they occur.

the cash can be recognised over a period of time. sales do not equal cash. The sale would be recognised in full within the relevant period.

 

[Clementime]

Bongonda would be a good buy I think.

His numbers are very good for a LW. 289 games, 67 goals and 51 assists.

One in four goals and one in six assists, matches I mean.

That’s a low return isn’t it?

I see some trumpet has edited his Wiki page.

 

[Eddie Doc]

Maybe don't allow his contact to run down to the final 12 months in the first place. It's called strategic planning.

And if the player has a strategic plan to see out the contract? Then what?

 

[OZ1872]

I find it strange how it can be classed as £10m earned in a single financial year, when only £6m is coming in on the first year and more money incoming in following year(s). The total money won't all be transferred to the bank account in that single financial year so surprised it would be counted in full for one year only.

Not doubting you, as an accountant obviously. I just find it strange.

Revenue recognition and cash can be different

 

[bornabluenose]

Sorry mate picked you up wrong, hope we can still be pals

No problem bud

 

[wsb&warmy]

sales are recognised in the period in which they occur.

the cash can be recognised over a period of time. sales do not equal cash. The sale would be recognised in full within the relevant period.

Yeah I just figured that annual financial accounts was basically money in/money out for any given financial year, with any of the following year installments for a deal made that year, accounted for in the forecast for the following year. That would make sense to me.

But I'm not an accountant by any means.

 

[Hoosier Ranger]

I find it strange how it can be classed as £10m earned in a single financial year, when only £6m is coming in on the first year and more money incoming in following year(s). The total money won't all be transferred to the bank account in that single financial year so surprised it would be counted in full for one year only.

Not doubting you, as an accountant obviously. I just find it strange.

If the £10m is earned now (no future contingencies tied to it or doubt on actually earning it) and only £6M is received NOW with future payments in other years, then the entry would be:

Cash £6M DB
Accts Receivable £4m DB
Revenue £10m CR

That is how it would be recorded in the period in which it is earned.

When the money is received, the entry would be

CASH £??? DB
Accounts Receivable £??? CR

_____________

If any of the future money has contingencies attached, the revenue would not be recorded until the contingencies are 100% earned. For example, if there is a £4M contingency payout based on reached a certain number of games or goals, and £6M transfer fee, the entry would be

Cash £6M DB
Revenue £6m CR

 

[Eddie Doc]

Always hated geography at school. Looks like I should of listened.

Should've listened in English as well.

 

[Hoosier Ranger]

sales are recognised in the period in which they occur.

the cash can be recognised over a period of time. sales do not equal cash. The sale would be recognised in full within the relevant period.

Correct

And Sales also have be recognized along with the associated expenses surrounding those Sales (Matching Principle). Otherwise, you have an Enron situation where financials can be false and misleading.

 

[FhillBear]

Yeah I just figured that annual financial accounts was basically money in/money out for any given financial year, with any of the following year installments for a deal made that year, accounted for in the forecast for the following year. That would make sense to me.

But I'm not an accountant by any means.

annual accounts reflect the transactions that took place within that financial year, in full. if we sell Aribo and the amount is 10m, albeit the cash to be paid in instalments, the sale will be recorded in full at 10m in this financial year.

if it is not guaranteed income, the revenue isnt recognised. it will be quite simple to see whether it was a 6m or a 10m fee.

 

[RangersLad1983]

Is Kent in Portugal?

Yes

 

[wsb&warmy]

If the £10m is earned now (no future contingencies tied to it or doubt on actually earning it) and only £6M is received NOW with future payments in other years, then the entry would be:

Cash £6M DB
Accts Receivable £4m DB
Revenue £10m CR

That is how it would be recorded in the period in which it is earned.

When the money is received, the entry would be

CASH £??? DB
Accounts Receivable £??? CR

_____________

If any of the future money has contingencies attached, the revenue would not be recorded until the contingencies are 100% earned. For example, if there is a £4M contingency payout based on reached a certain number of games or goals, and £6M transfer fee, the entry would be

Cash £6M DB
Revenue £6m CR

Okay, cheers for that. I feel like i've basically got a HNC in accountancy now. Might start applying for jobs!

 

[Davie Weir]

One in four goals and one in six assists, matches I mean.

That’s a low return isn’t it?

I see some trumpet has edited his Wiki page.

Last season it was a goal contribution every 155 minutes which isn’t bad and the season before he had 18 goals and 10 assists from 39 games (goal contribution every 113 minutes)

 

[bobbyger]

So from my mate with corporate tickets at Genk.
Bongonda is a tricky winger. Very good on his day. Not much of team player and scores more than he assists (scores roughly every 3 games and assists less than that)

 

[Portadown_Bear]

That doesn't make sense to me. Is that really how it works?

Yes. The £4m will be a debtor as you are guaranteed that money on the sale of the player.

The P&L will show income of £10m in the year the player is sold.

 

[FhillBear]

Okay, cheers for that. I feel like i've basically got a HNC in accountancy now. Might start applying for jobs!

dont do it. fucking shite.

 

[The_Gaffer]

Bongonda out-with our price range?

There was a tweet flying about saying he'd been left behind while they went on their preseason as he was being sold.

Whether that's a deal that's been agreed or he's just been bombed out I don't know.

He was their record purchase so would seem strange he's all of a sudden available for transfer unless there's been a falling out or something.

 

[Coatbridge Chancellor]

Meanwhile SunSport understands that there is no truth in reports in Finland linking the Gers with HJK Helsinki star Kai Meriluoto.

The Ibrox men snapped up Alfredo Morelos from Helsinki a few seasons back, but reports in the Finnish media on Meriluoto were dismissed as wide of the mark.

Another man the Gers WON'T be pursuing is St Mirren midfielder Dylan Reid.

Contrary to reports elsewhere, the Gers are NOT thought to be in the market for the Saints midfielder.

 

[Zizou]

G

So from my mate with corporate tickets at Genk.
Bongonda is a tricky winger. Very good on his day. Not much of team player and scores more than he assists (scores roughly every 3 games and assists less than that)

Good we need goals…we have Kent for assists

 

[Hoosier Ranger]

dont do it. fucking shite.

Hey....it served me well for a number of years.

 

[Hoosier Ranger]

So from my mate with corporate tickets at Genk.
Bongonda is a tricky winger. Very good on his day. Not much of team player and scores more than he assists (scores roughly every 3 games and assists less than that)

I just want someone that will help provide width to match Kent so that he doesn't face double teams consistently.

 

[Taverneeeeer]

Tabloids now going with the interest in Bongonda story. Thats the rumours finally killed.

 

[FhillBear]

Hey....it served me well for a number of years.

still serving me to this day...!