Olasunneye fash

Sweet caption

@israel_ajoje Thanks so much boss. I have learnt a whole lot since joining you anx it has reshaped my football knowledge...

So rumours have it that United need to sell Onana for 18.9m to profit from his purchase. A lot of people think it’s a reporting error. But I tell you truly and surely that it in fact is not. It is actually accounting efficiency. Stay with me. Under IAS 38, the International Accounting Standard governing intangible assets, transfer fees are not expensed in full in the year a club pays them. They are capitalised on the balance sheet and amortised, meaning spread evenly, across the full duration of the player's contract. This is the accounting treatment that applies to all intangible assets with a finite useful life. A footballer's contract has a defined end date. Therefore the fee paid to acquire that contract is written down gradually until it reaches zero at expiry- very similar to the system used for depreciation. Are you with me? Now, Onana joined Manchester United in July 2023 on a five year contract for £43.8 million. Under IAS 38, that fee is “amortised” at £8.76 million per year across five years. By the summer of 2026, three years into that contract, United will have already expensed £26.28 million through their profit and loss account. The remaining book value of Onana on United's balance sheet at that point is approximately £17.52 million. If United now sell him for £18.9 million, they are selling an asset currently sitting on their books at roughly £17.52 million for £18.9 million. The difference between the book value and the sale price is the accounting profit. In this case approximately £1.38 million. Not £18.9 million in profit. Not a £25 million loss. A small but real accounting gain. This is why clubs talk about profit on player sales as a separate line from the original transfer fee. The fee you paid years ago has already been absorbed into previous financial years through amortisation.  It is also why sometimes, clubs sell homegrown players for “pure profit”. Homegrown players have a book value of 0 as their cost of purchase is 0 and every amount raked in from their sale is pure profit cos there is nothing to deduct from it.  What matters at the point of sale is what the player is currently worth on your books versus what someone is willing to pay for him today. Football finance is not intuitive. But once you understand amortisation, the numbers start making a different kind of sense. I hope you learned something today. My name is Ajoje. I am a FIFA Licensed Agent and International Sports Lawyer. I write on the Law and Business of Football, a lot. Repost and Follow if you want to read more posts like this.

@currentiyke Every scene of ever seasons... This movie made my 2010...

How many of you watched Smallville?

@TheBlueDodger Such players don't come cheap, can they and will they pay?

🚨 Chelsea are looking at players who have played in one of the big five European leagues and know what it takes to compete in multiple competitions, including Europe, in one campaign. Knowing how to handle the demands and pressure of such a schedule is seen as key. (@SJohnsonSport & @liam_twomey) #CFC

@Bluecoxtra Only 3 comes to mind. Fabregas Xabi Alonso Xavi Hernandez

Oluwaseun, with this Juego De Poscion (JDP), who do you believe would be the ideal candidate to step into this pivotal role of head coach for the new season? Thanks

If they tell you that Peter Obi is moving from one party to another, just show them this

@PeterObi Your media aide should know better than post directly from chatGPT. What is he/she been paid for if can't do a proper editing after vetting with ChatGPT?

Fellow Nigerians, good morning. I woke up this morning after my church service with a deeply reflective heart, and despite every constraint, I felt compelled to share these thoughts with you. Many people do not truly understand the silent pains some of us carry daily—the private struggles, emotional burdens, and quiet battles we face while trying to survive and serve sincerely in difficult circumstances. We now live in an environment that has become increasingly toxic, where the very system that should protect and create opportunities for decent living often works against the people—a society where intimidation, insecurity, endless scrutiny, and discouragement have become normal. More painful is when some of those you associate with, believing you would find understanding and solidarity among them, become part of the pressure you face. Some who publicly identify with you privately distance themselves or join in unfair criticism. We live in a society where humility is mistaken for weakness, respect is seen as a lack of courage, and compassion is treated as foolishness—a system where treating people equally is questioned simply because you refuse to worship status, tribe, class, or power. Personally, I have never looked down on anyone except to uplift them. I have never used privilege, position, or resources to oppress others, intimidate the weak, or make people feel small. To me, leadership has always been about service, sacrifice, and helping others rise. Let me state clearly: my decision to leave the ADC is not because our highly respected Chairman, Senator David Mark, treated me badly, nor because my leader and elder brother, Alhaji Atiku Abubakar, or any other respected leaders did anything personally wrong to me. I will continue to respect them. However, the same Nigerian state and its agents that created unnecessary crises and hostility within the Labour Party that forced me to leave now appear to be finding their way into the ADC, with endless court cases, internal battles, suspicion, and division, instead of focusing on deeper national problems and playing politics built more on control and exclusion than on service and nation-building. Even within spaces where one labours sincerely, one is sometimes treated like an outsider in one’s own home. You and your team become easy targets for every failure, frustration, or misunderstanding, as though honest contribution has become a favour being tolerated rather than appreciated. And when you choose to leave so that those you are leaving can have peace, and you step out into the cold, you are still maligned and your character is questioned. Despite all your efforts to continue working for a better Nigeria and engaging people with sincerity and goodwill, those who do not wish you well continue to attack your character and question your intentions. There are moments I ask God in prayer: Why is doing the right thing often misconstrued as wrongdoing in our country? Why is integrity not valued? Why is the prudent management of resources, especially when invested in critical areas like education and healthcare, wrongly labelled as stinginess? Why are humility and obedience to the rule of law often taken to be weakness rather than discipline? Let me assure all that I am not desperate to be President, Vice President, or Senate President. I am desperate to see a society that can console a mother whose child has been kidnapped or killed while going to school or work. I am desperate to see a Nigeria where people will not live in IDP camps but in their homes. I am desperate for a country where Nigerian citizens do not go to bed hungry, not knowing where their next meal will come from. Yet, despite everything, I remain resolute. I firmly believe that Nigeria can still become a country with competent leadership based on justice, compassion, and equal opportunity for all. A new Nigeria is POssible. -PO

@Buchi_Laba At least wIt make this GW finish na

Chelsea!! Europe una papa no go see! Nonsense

Who you dey follow talk bros hope no be my brother @Adikastakes? Him too no small for this space oooo

@whitenigerian Congratulations to me on my admission

Just congratulate yourself under this post, I don't know why, but do it with faith.

Thats a lie... This is a chess game and what we experienced yesterday was basketball

I preach morality and decency and i show it down to my lovely daughter but we must let ourselves know that the devil is taking advantage of lustful activities to distance us from reaching Christ. *HEAVEN IS REAL and HELL IS REAL*. Make ur choice

It's funny knowing some people will call that 👈 a scandal rather an advert targeted at the vulnerability of men who think less of themselves and women who think less of their husbands.

@TheBlueDodger @kierangill_DM This is simply for financial reasons. No club will pay close to what we paid for him to join us. He won't get better than this because we will always have better attackers. Best best is loan him to build his market value then sell him. Jackson will be scapegoat in this scenario.

🚨 Liam Delap wants to stay at Chelsea, and prove people wrong. (@kierangill_DM) #CFC

This bros dun start again oooooo. Make @ultimate_kombo reply first, i wun see something 🤣🤣🤣

@ultimate_kombo This is exactly what maresca is becoming...

I see why Pep GUARDIOLA’s wife left him This man doesn’t have a life outside football He went to watch Stockport vs PortVale 🤣🤣

@rukky_nate How is he suddenly 3yrs older in only a few years? Ur brother get double promotion in age abi na the girl repeat age. Please make me understand...

My brother’s girlfriend left him. He was 27. She was 25. She left because she wanted to marry and settle down. My brother wasn’t ready. He was hurt because he genuinely liked her. He is 30 now and doing really well for himself. She is 27 now, still not married. She now drives a Lexus SUV, has her own place, and a well-paying job. Guess who’s back sleeping with each other again? Both of them. Told him to enjoy her. But he should never think of marrying her. He agrees. She left once. She will leave again.

@QualityQuadry Congratulations bro

🚨 FOR THE RECORDS I'm very excited to announce that I have been admitted into El Roi London University 🇬🇧 for Level 7 (MA in Sports Management). The opportunity came while I was in Morocco 🇲🇦 covering the African Cup of Nations, and I'm glad I grabbed it despite one or two constraints at the time. It's important one add to his knowledge of Sport Administrator while seeking to operate and move differently from the unconventional way of running Sports in Nigeria 🇳🇬.

@just_favvyy Ur dad n brothers inclusive right?

All men are useless

I soully believe this...