**[皇家马德里]** Hala Madrid .: 欧洲妖王Isco加盟 转会费2700万签约5年 :.

alienwong

贝尔休息１５天，原来皇马是那么的用心良苦，用９０M买贝尔让他在球队里好好养伤。。。哈哈哈哈哈

shadow0318

为什么不输掉给安帅下课

benzema当了levante的后卫都还放他踢了80分钟，还敢早早换掉isco

morata出不久就进球和球了是不是该怪dimaria,benzema,ancelotti

还好有救世主morata和CR7，不然等再输吧

这种水准的freekick，dimaria都好意思射ozil看到肯定笑爆肚子

levante最近签了皇马前锋Benzema当后卫

救世祖CR7

mei17

我家的贝尔到了皇马怎么变了玻璃男，沉到谷底了啦，好好地流在热刺就好了嘛

Blaugrana

You looked worried at the meeting...

My association (for Madrid’s Values, the Asociación por los Valores del Madridismo) have studied the accounts and the budget. We’ve got good people. Our treasurer is an auditor in one of Spain’s biggest companies and we’ve detected things where the President’s explanation isn’t in line with reality. There are things that worry us for the future.

Why did Florentino stop you speaking?

I was saying that the club’s debt is 541 million euros, which is the total of long-term and short-term debts. Florentino only recognises the net financial debt, that is what is owed just to the banks, which is around 90 million. But of course Madrid has debts with other parties other than the banks: with players, with clubs, with sporting institutions, with the government and public bodies, with suppliers... The total is 541 million euros, more than double the amount Florentino inherited from Lorenzo Sanz. And on top of this debt, he wants to rebuild the Bernabéu, which he says will cost of 400 million euros. Then he said he can’t finance it and he’ll have to come up with clever strategies.

How much debt can the club cope with?

The club’s turnover is very high. We’re the club with the highest income levels in the world, but we’re also number one in costs. The thing is, incomes have been increasing by an average of 12% a year for the past decade but in the last year they only went up 1%. And the costs are rising fast.

The income isn’t growing?

I would suppose it is because of the economic backdrop. And if things are uncertain, getting involved in the new Bernabéu project costing 400 million doesn’t seem very sensible. There’s something else too. The club have two new credit lines, but they’ve had to use the advertising income and the season ticket sales for the next three or four years as guarantees to the banks, because they don’t trust the club... That’s not me saying that, it’s from the club’s annual accounts.

Used as a guarantee?

They’ve been pawned basically. Just like when you go to the pawn shop, they give you money and you leave a guarantee, something real. If you don’t pay them back, they keep whatever it is you left. Here, if Madrid don’t pay back the money, the bank has the right to the income from the advertising income and the season ticket sales.

How do you interpret that?

Obviously the banks are asking for an extra guarantee from Madrid because they don’t trust the club’s situation. Under normal circumstances they wouldn’t demand it.

Are the signings of Bale and Illarramendi and Isco included in the numbers?

No, the accounts run to 30 June, so they will be in next year’s accounts. And they are written down every year. If Bale cost 100 million for a five year contract, the annual cost in the accounts is 20 million euros. We think the amount paid for Bale is scandalous.

Does this have something to do with the sale of Özil?

They had to sell him to make up for the signings, just like with Higuaín. With that they got a reserve they could use to dress up the accounts for next year. Remember the sale of Kaká has a very negative effect on the accounts. There were still two years of his contract to amortise. That’s 20 million of cost, plus Bale, Illarra, Isco and the salary increases. Özil was cheap and they sold high, which is good for the accounts, but the overall costs keep increasing and the debt builds up.

You also spoke about Kaká in your interrupted speech.

Last year Milan would have paid 15 million euros for him and we would have saved his fees. This year they’ll pay an amount depending on what Milan achieve on the pitch. It’s a strange idea. The whole thing has been a business disaster. Between his transfer fee and his salary Kaká cost 120 million euros and he played 120 games. I would have preferred Kaká to help us win titles, rather than Adidas to sell boots.

Is this method of signing players sustainable?

What the club needs to look at is the efficiency of the model. Since Del Bosque left Florentino has spent 800 million euros on players who have won a League and a Cup. The model is clearly inefficient.

If the debt keeps climbing could the club be converted in a limited liability company (rather than being owned by the members as is the case at the moment)

That’s a risk. It could happen if the debt is becomes too large and the club needs to bring in more capital. Or the Sports Law could force the change [in Spain this law has obliged nearly all clubs to change to a limited liability company in a bid to force transparency and regulation in the sector. Madrid, Barcelona, Osasuna and Athletic have so far been exempted]. Another way would be as a result of the investigation the European Union has opened into possible financing of the club by hidden subsidies...

What do you know about that?

Not much, mostly the information that I think [the newspaper] the Independent published. What’s certain is that the agreement with Madrid’s city council for the planning change needed to renovate the Bernabéu is still being appealed. The club was going to receive 430,000 euros as a result of the agreement, which was what was in the budget. By the end of the year this income was more than 24 million euros. Interestingly, including this amount, the club didn’t end up making a loss just before the elections.

Is there a danger Madrid will no longer belong to the members?

Up to now the President has been very clear about this, but with the question being asked a number of times in the run up to the members’ meeting about a possible obligation to convert...

Were you there?

Yes, yes... In principle the President said that the information wasn’t true and that if there was a possibility of a conversion it was because the club was being forced to. He said, “if they do force us, it’ll be fine, because every member will have a share” and he said that the members wouldn’t be able to sell the share. What worries me is that he’s talking about the club being obliged to change. It reminds me of when he said “I wanted Mourinho to carry on, but we’ve reached an agreement for his departure from the club because it’s the best for Madrid”. I’m worried that he’s going to end up saying: “I would have liked the club to have continued belonging to the members but...” At the end of the day it seems things keep happening here and nobody says anything.

Do the accounts include a pay-off for Mourinho?

No. And that’s a good enough reason to vote against their approval. Now my Association is looking at the Fly Emirates contract. Just as Forbes says this is the most valuable club in the world, Forbes also says that the value of the contract with Fly Emirates is far below its real price.

How much are they paying?

I think it’s 25 million euros a year... The question is, why did Madrid negotiate so badly? Does it have something to do with the fact Mourinho was the face of these countries? Did it have something to do with getting rid of Mourinho? These are questions we’re not allowed to ask at the meeting.

What else?

Madrid’s brand is hugely powerful. But they could avoid some of the costs. It seems excessive that there are 31 top executives who earn an average of 270,000 euros each a year.

What do you think about Florentino’s grand plans?

The Real Madrid resort was announced to a huge fanfare. Now the club have had to return the two or three million euros they got for the use of the brand. We have very little information about this, of course. Then there’s the Madrid Theme Park. There’s no Master Plan! And we’re really worried about the Bernabéu. The need for the work is debatable and the expected income is doubtful. The works will last for two years, which is a hassle. He promised this in 2004. He wants it to be an architectural reference for the whole world. We’d like Madrid to be a reference for the world for its value, its principles and its sporting successes...

I don’t want to interrupt you but, in closing, anything else to say?

We weren’t pro-Florentino before because we supported proposals we thought were good, and we aren’t anti-Florentino for telling the truth now. We just want transparency!!

Blaugrana

Plácido Rodríguez, professor in the Department of Economics at the University of Oviedo and Director of the Economics Think Tank for Sport, is one of the leading names in the field of sporting finance.

Have you seen the club's accounts?

I have analysed them, and they don't include a number of important events, which took place after 30 June, such as the signings of Bale, Illarramendi and Isco..

What do you think of the overall financial situation?

Football in general is in a bad place financially. That Madrid have presented accounts like this is nothing new. But the debt is very large, some 541 million euros, and the club is receiving a similar amount of income each year, which means that if Madrid wanted to pay off the debt in one year, they would not be able to spend anything at all for the entirety of that year. A situation like Madrid's would be unviable in any other industry, the club would be completely insolvent. But football clubs have an advantage, they receive help in a number of ways.

You wanted to talk about indexes..

These are the Altman indices, they measure the financial solvency of a business, and Madrid does not meet any of them. The club is in a dire financial situation, just like many other clubs.

How does the club’s expenditure on big-name signings affect the debt?

Naturally it increases it. If the club’s earnings start to stabilise, which is normal in a recession, then who knows what’ll happen. Clubs have an advantage in that when you sell a player, say Higuaín or Özil, they are recorded as extraordinary takings for the season 2013-14 because they are calculated as the total value of the sale, but with Bale, Illarramendi and Isco, the figures are amortized and appear in the accounts as a smaller amount than they actually are, because the club will be spending that amount of money over five or six years.

Is there anything strange to you about Madrid’s accounts?

A couple of facts stick out. Madrid has liquid assets of around 155 million euros, yet still has very large financial expenses. Two years ago the club paid 16 million euros on financial expenses, and this year they spent 12 million. I don’t understand how a club can have so much money available yet still pay these financial expenses. No-one likes paying banks, ideally the club would finance itself. It’s really quite shocking. Perhaps Madrid want to prove, with those assets, that they are solvent. But if you take into account the pledging of television revenue and future earnings then [funding the club] is not so attractive for the banks. That’s why they ask for overcollateralization. Then you see that Madrid have a short term debt of 338 milion euros, which they need to pay off in a year, and you realise that the 155 million euros of liquid assets don’t allow them to pay that. However, of course they have earnings of around 500 million euros.

And how much do they spend each year?

In theory, less than their earnings, because they have posted profits of 55 million euros.

So how does the club have such a huge debt?

Madrid practically paid off all their debts when they sold off their training ground [in 2003]. A decade ago the club was completely financially sound.

And what’s happened over the last 10 years?

Well all the money gained from the training ground deal ran out. The club signed a number of big-name players, such as Figo, Zidane, Ronaldo, Beckham, at least one big player per year. And then from the season 2004-05 the club entered into a spiral of spending 100 million euros per season on signings, some seasons 200 million. The situation became more difficult when Florentino came back. In 2009-10 alone the club spent 250 million euros, which is more than half the amount of money Madrid earn. That puts the club’s financial situation at risk. However, Madrid keep surviving with this level of debt. And it’s a fact that presidents never want to see the club do badly under their watch, and instead of making moves to improve the club’s financial stability, they keep going and hope that someone will come along and help out on a rainy day.

Is the club being badly run?

I don’t like the fact it has so much debt. The fear big clubs have of not being able to compete with the best clubs in Europe and the fear small clubs have of getting relegated is driving all the clubs to get up to their eyeballs in debt.

What’s the solution?

For me, Madrid need to generate money from new sources, such as Asia, Africa, the United States.

Are Barcelona doing that?

In the last few years the club’s global fan base has grown a lot.

Why?

Because of the success the team has had on the pitch, and the tiqui-taca brand, which is a money making machine.

What about star signings?

Signing Bale is not an Aladdin’s lamp, far from it..

Was Kaká a profitable signing?

Look, you have to look at the results he produced on the pitch and the money he brought in. We all know what happened on the pitch. You have to look at the economic impact by analysing his cost and the return Madrid got on their investment. Kaká cost 67 million euros and was signed for six years with total wages of roughly 20 million euros per year, so a total investment of 200 million euros (sic). What was the return on that in the last four years? Did he crack the Brazilian market? The Asian market? The American market?

Florentino said he improved the club’s contract with Adidas..

That’s a fallacy. I don’t believe his presence at the club contributed to the club getting more than 8 or 10 million euros from the contract. And he cost 200 million euros. He wasn’t profitable. And there’s another fallacy, which is that big money signings help the club earn more money. The club earns money from the power of the brand, because this was the best club of the 20th century. Here Florentino is profoundly confused.

Are there other fallacies?

Yes, the idea that Bale was cheap. The only thing we know is that so far he has cost 100 million euros and the club could spend another 150 million euros on his salary. That’s 250 million euros gone. Is that cheap? We will see in five years’ time if he was cheap. For example, if someone buys a Bale shirt, then Cristiano or another player sells one shirt less. You don’t suddenly double your shirt sales because you have another star player.

And what will happen if the debt increases further?

Well someone will have to pay it back. Big changes will need to be made or the club will disappear, and bigger giants have fallen. Neither Madrid nor any other club can continue to spend 200 million euros per year on signings. There is a pendulum effect, and one day Madrid will have to stop spending.

Blaugrana

@shadow0318   

fiorentino perez很像不dim leh。

shadow0318

Blaugrana 发表于 12-10-2013 09:32 PM
@shadow0318   

fiorentino perez很像不dim leh。

最赚钱但也是最花钱

卡卡是皇马最浪费钱,ibra是巴塞最浪费钱

看来perez和巴塞主席也是半斤八两

_林临_

他真大胆。。。

shadow0318

_林临_ 发表于 17-10-2013 12:57 AM
他真大胆。。。

你还真够闲去拍报纸以后还要你多多拍报纸传上来

对，这点我认同，但是有一位个人主义一直能进球

有一位瘦如条材，花式很多，个人主义却不能进球的为什么你不拍messi是小偷的新闻上来

大地之子G.O.B

http://www.whoscored.com/

shadow0318

大地之子G.O.B 发表于 17-10-2013 06:08 PM
http://www.whoscored.com/

小偷竟然是player of month而已

为何不等金球奖才来post？期待ribery夺得

大地之子G.O.B

shadow0318 发表于 17-10-2013 07:07 PM
小偷竟然是player of month而已

为何不等金球奖才来post？期待ribery夺得

联赛才开始当然是month咯
都已是足球界第一人了，没理由5连霸啦
让机会给别人嘛
不然像当年微软酱被告垄断就不好了
现在需要的是copa america和world cup

shadow0318

大地之子G.O.B 发表于 17-10-2013 08:06 PM
联赛才开始当然是month咯
都已是足球界第一人了，没理由5连霸啦
让机会给别人嘛

messi这小偷果然不简单子债父偿

哪像CR7那样单纯天真，天天只会在晒命

messi玩心机的干掉三个前锋，再偷钱把罪推给父亲

迟点肯定做巴塞主席到时CR7还是个晒命的足球员而已

world cup的话除非靠干爹，不然是赢不到德国的

_林临_

伊斯科好强

下星期大战，巴塞一大威胁

shadow0318

_林临_ 发表于 19-10-2013 11:27 PM
伊斯科好强

下星期大战，巴塞一大威胁

哈哈哈，连我是皇马迷都没看皇马反而去支持看英超队

你真的那么关注皇马

_林临_

shadow0318 发表于 20-10-2013 12:37 AM
哈哈哈，连我是皇马迷都没看皇马反而去支持看英超队

你真的那么关注皇马

通常我只看西甲罢了.....

其他联赛，
我有看都不会超过30分钟

shadow0318

_林临_ 发表于 20-10-2013 01:06 AM
通常我只看西甲罢了.....

其他联赛，

皇马都不会送财的，看都没有用，除非半夜场，没有和英超相冲我才去看

TWRG2013

有生之年都不会有机会看到梅西来英超踢球

shadow0318

笨猫还是一样那么笨，应该一月会被卖掉了

Blaugrana

皇马应该最少可以拿一分（或赢）。巴塞罗那欺负不到强队。