Lambert09 Posted 24 June 2016 Share Posted 24 June 2016 Okay this may be a stupid question but how do we think we pay for our players? With the EU exit and the GBP crashing suddenly players prices are costing us a much larger sum, as deals met at the country of origins currency. We saw many cheaper deals for English clubs (in relative terms) last summer with the fall of the Euro but my thoughts are that our team could possibly be safe from this? Would our team be paying with Thai Baht? Or would we pay in Sterling out of the clubs accounts? Might not make the slightest bit of difference but could us paying in bht now make us much richer in comparison to some other clubs that are either English or European owned? If so overnight Deeney just got a whole lot cheaper for our owners. If im just being completely stupid please feel free to delete the thread. Link to comment Share on other sites More sharing options...
m4DD0gg Posted 24 June 2016 Share Posted 24 June 2016 With magic beans. Link to comment Share on other sites More sharing options...
Poznan34 Posted 24 June 2016 Share Posted 24 June 2016 Doubt anyone will actually know but it might be clever to use a currency other than the pound for a while... If we do pay with Sterling then Mendy just got (not insignificantly) more expensive. Link to comment Share on other sites More sharing options...
Collymore Posted 24 June 2016 Share Posted 24 June 2016 Anderson Perry has already talked about this in his book... "I have a briefcase with £8m in it handcuffed to me. I simply negotiate for 3 decades or until the lock on the handcuffs degrades, whichever ever comes sooner." Link to comment Share on other sites More sharing options...
KFS Posted 24 June 2016 Share Posted 24 June 2016 Funny how people only care about these things now Link to comment Share on other sites More sharing options...
sylofox Posted 24 June 2016 Share Posted 24 June 2016 Some people will understand better. But I think if we pay in but and not from the club account we will fail ffp. We may also be breaking business law. Link to comment Share on other sites More sharing options...
st albans fox Posted 24 June 2016 Share Posted 24 June 2016 One would hope that the club covered whatever currency they know they have to make payments in before today. Link to comment Share on other sites More sharing options...
sylofox Posted 24 June 2016 Share Posted 24 June 2016 At the end of the day we pay for every transfer in ££££'s. So we will win or lose depending on exchange rates. Or do people think we have 2 bank accounts 1 filled with euros and 1 with pounds. Link to comment Share on other sites More sharing options...
MC Prussian Posted 24 June 2016 Share Posted 24 June 2016 The Pound won't remain this low forever. And I'm sure the club has either take precautions by buying/investing in other currencies or they just don't care because they're rich as ****. Link to comment Share on other sites More sharing options...
WigstonWanderer Posted 24 June 2016 Share Posted 24 June 2016 Okay this may be a stupid question but how do we think we pay for our players? With the EU exit and the GBP crashing suddenly players prices are costing us a much larger sum, as deals met at the country of origins currency. We saw many cheaper deals for English clubs (in relative terms) last summer with the fall of the Euro but my thoughts are that our team could possibly be safe from this? Would our team be paying with Thai Baht? Or would we pay in Sterling out of the clubs accounts? Might not make the slightest bit of difference but could us paying in bht now make us much richer in comparison to some other clubs that are either English or European owned? If so overnight Deeney just got a whole lot cheaper for our owners. If im just being completely stupid please feel free to delete the thread. Paying in baht would make no difference. If baht has retained value against the euro it means it would have appreciated against the pound. Ultimately LCFC accounts are in sterling, so at some point those baht have to be converted to sterling.Anything else, such as delaying conversion back to sterling is speculation (that sterling recovers). This may or may not happen, or the pound could weaken further - no one really knows at this point, regardless of what they say. Link to comment Share on other sites More sharing options...
Countryfox Posted 24 June 2016 Share Posted 24 June 2016 Monopoly money ... always looked real when I was young. Link to comment Share on other sites More sharing options...
Wymsey Posted 24 June 2016 Share Posted 24 June 2016 Swipe card. Link to comment Share on other sites More sharing options...
red5 Posted 24 June 2016 Share Posted 24 June 2016 I always thought it was with bags of crisps and sim cards. Link to comment Share on other sites More sharing options...
GaelicFox Posted 24 June 2016 Share Posted 24 June 2016 In kilos of the finest Bolivian marching powder Sniff Link to comment Share on other sites More sharing options...
Trav Le Bleu Posted 24 June 2016 Share Posted 24 June 2016 Hopefully the club bought loads of US$ a week ago. Link to comment Share on other sites More sharing options...
StanSP Posted 24 June 2016 Share Posted 24 June 2016 many contactless transactions Link to comment Share on other sites More sharing options...
NotTheMarketLeader Posted 25 June 2016 Share Posted 25 June 2016 The Pound to Euro exchange rate was exactly the same in April this year as was on Friday. I submit that no one gave a second thought to that 10 weeks ago so there should be no effect on what business we do. It's just a standard fluctuation despite it being on the back of a massive event. Link to comment Share on other sites More sharing options...
Monsell1976 Posted 25 June 2016 Share Posted 25 June 2016 The Pound to Euro exchange rate was exactly the same in April this year as was on Friday. I submit that no one gave a second thought to that 10 weeks ago so there should be no effect on what business we do. It's just a standard fluctuation despite it being on the back of a massive event. Thank you, all this scare mongering is getting worse, glad someone look at the rates first, we are likely to be paying in euro's, and your correct the euro to gbp is the same as before, against the dollar it's took about a 4 point hit, so unless we are paying in dollars, there is no concern Link to comment Share on other sites More sharing options...
Bayfox Posted 25 June 2016 Share Posted 25 June 2016 At the end of the day we pay for every transfer in ££££'s. So we will win or lose depending on exchange rates. Or do people think we have 2 bank accounts 1 filled with euros and 1 with pounds. We may well have. My company has a euro account with the bank for out payments to Germany. Always as a minimum amount in. So I doubt it's beyond the possibility of a pl football club to do the same. When so many transactions are done abroad. Link to comment Share on other sites More sharing options...
WigstonWanderer Posted 25 June 2016 Share Posted 25 June 2016 We may well have. My company has a euro account with the bank for out payments to Germany. Always as a minimum amount in. So I doubt it's beyond the possibility of a pl football club to do the same. When so many transactions are done abroad. Yes it's called hedging, but in a way hedging is itself a form of speculation. If they hedged at a certain rate and the pound rose in value (as it might have if the vote had gone the other way) they would effectively have lost money. Link to comment Share on other sites More sharing options...
Manini Posted 25 June 2016 Share Posted 25 June 2016 PayPal Link to comment Share on other sites More sharing options...
Jonno84 Posted 25 June 2016 Share Posted 25 June 2016 walkers crisps Link to comment Share on other sites More sharing options...
The Doctor Posted 25 June 2016 Share Posted 25 June 2016 many contactless transactions Paying in several instalments of 30 quid? No wonder it takes so long to get a deal over the line. Link to comment Share on other sites More sharing options...
StanSP Posted 25 June 2016 Share Posted 25 June 2016 Paying in several instalments of 30 quid? No wonder it takes so long to get a deal over the line. just the way it is pal Link to comment Share on other sites More sharing options...
The Doctor Posted 25 June 2016 Share Posted 25 June 2016 just the way it is pal Bet Rudkins forgotten his PIN. What a twat. Link to comment Share on other sites More sharing options...
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