Barcelona are rumored to be selling 23-year-old Arthur to Juve for 80m while buying 30-year-old Miralem Pjanic from Juve for 70m. This doesn't make any sense, so why would they do this? Accounting gimmickry!
The SwissRamble explains:
View: https://twitter.com/SwissRamble/status/1276039133396373504
An added twist is that, if the club's profits are too low, the Board of Directors have to personally guarantee 15% of the club's annual budgeted expenses, and if the club loses money, the Board members are personally on the hook for the losses. So the Board is desperate to show a book profit to avoid this situation:
View: https://twitter.com/DianaKristinne/status/1276111185352458240
The SwissRamble explains:
View: https://twitter.com/SwissRamble/status/1276039133396373504
An added twist is that, if the club's profits are too low, the Board of Directors have to personally guarantee 15% of the club's annual budgeted expenses, and if the club loses money, the Board members are personally on the hook for the losses. So the Board is desperate to show a book profit to avoid this situation:
View: https://twitter.com/DianaKristinne/status/1276111185352458240