Can McCarthy pull a rabbit out of the hat?

[NYCBlue]

Re: Can McCarthy pull a rabbit out of the hat?

He had a Hoilett and he released him instead of signing him to a one-year deal.

[City123]

Re: Can McCarthy pull a rabbit out of the hat?

Right now is probably the ideal time to get someone new in. He'll get the next 4 games at least imo

[NYCBlue]

Re: Can McCarthy pull a rabbit out of the hat?

can we afford anyone who is going to improve the team?

We have a billionaire owner. We can afford just about anything. If he's prepared to spend.

[NYCBlue]

Re: Can McCarthy pull a rabbit out of the hat?

Tan supposedly has a net worth of $1.6Billion, which means he could buy an entire first 11 of £10million players and still have $1.45Billion left.

[Former Labour leader]

Re: Can McCarthy pull a rabbit out of the hat?

I think the team needs a lift, something that Sol Bamba gave us before. Not sure it will happen, but it should if McCarthy has any chance of staying in a job.

[lardy]

Re: Can McCarthy pull a rabbit out of the hat?

Tan supposedly has a net worth of $1.6Billion, which means he could buy an entire first 11 of £10million players and still have $1.45Billion left.

I don't think that's how net worth works.

[NYCBlue]

Re: Can McCarthy pull a rabbit out of the hat?

I don't think that's how net worth works.

OK, he'd still have a net worth of $1.45Billion.

[lardy]

Re: Can McCarthy pull a rabbit out of the hat?

OK, he'd still have a net worth of $1.45Billion.

He probably wouldn't.

Most of his net worth is probably from owning stakes in businesses, i.e. shares. If he started selling off shares to raise $100m in cash, then as a prominent figure that is going to cause panic which will negatively affect the share price. His remaining shares will be worth less, which means his net worth will also drop.

Facebook's share price dropped 5% with the outage on Monday. Zuckerberg's now worth about 6 or 7 billion less than he was at the weekend.


By the way, according to Forbes, Tan's net worth is about half that.

https://www.forbes.com/profile/vincent-tan/?sh=39ce4f41d0b7

[Mr Soul '68]

Re: Can McCarthy pull a rabbit out of the hat?

He’ll be gone after the jacks game.

Sadly, I think he'll be here until the summer at least, so long as we don't actually fall into the bottom three. If he brings in a couple of half decent players (if this is possible for MM?) in the January window, then we should be alright and avoid getting relegated.

[Rjk]

Re: Can McCarthy pull a rabbit out of the hat?

We have a billionaire owner. We can afford just about anything. If he's prepared to spend.

Under FFP rules, we can make a £39 million loss over 3 years.
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According to Swiss Ramble , we made a £24 million loss in 2020.
Since then, our income will have dropped by £30 odd million from £46 million to presumably something less than £20 million? due to parachute payments stopping.
Our wage bill was £36 million in 2020 - that will have reduced a fair bit, but enough? Player amortisation should be better in the future too if we continue to bring young players through.

The £33 million profit we apparently made in 2019 will have been insulating us from any FFP concerns recently, but that will soon drop off the FFP calculations - when we are looking at 2020-2021-2022 we have to be in serious danger of overshooting the limit.

Bringing a new player in on a free just adds to our wage bill without giving us a realistic chance of promotion. So it'll just mean we have to make more cuts later.

[NYCBlue]

Re: Can McCarthy pull a rabbit out of the hat?

He probably wouldn't.

Most of his net worth is probably from owning stakes in businesses, i.e. shares. If he started selling off shares to raise $100m in cash, then as a prominent figure that is going to cause panic which will negatively affect the share price. His remaining shares will be worth less, which means his net worth will also drop.

Facebook's share price dropped 5% with the outage on Monday. Zuckerberg's now worth about 6 or 7 billion less than he was at the weekend.


By the way, according to Forbes, Tan's net worth is about half that.

https://www.forbes.com/profile/vince...h=39ce4f41d0b7

My point is that he can afford to spend. He just chooses not to.

[Rjk]

Re: Can McCarthy pull a rabbit out of the hat?

My point is that he can afford to spend. He just chooses not to.

see my above post. I suspect we have a big challenge to avoid FFP problems by the end of 2022

[lardy]

Re: Can McCarthy pull a rabbit out of the hat?

My point is that he can afford to spend. He just chooses not to.

My point is that he understands that spending £100m would actually cost him a lot more than that.