Mania

@Roobet @cloakzy

Welcome to the Roobet Family @cloakzy 🦘

@theparthrastogi Doesn't work in the UK

TAX HACK: If you purchased a Bitcoin at $100,000 and it dropped to $68,000 you can sell it and buy it back 5 seconds later you still have one whole Bitcoin But now you have a realised loss of $32,000 for tax purposes. Most investors never... Show more

@TheICHpodcast Is this from a recent interview. Because I would like to know why you had him back after allegations against him?

Caleb Hammer reveals that a third of his net worth has come from buying market dips👀 “I’d say about a third of my net worth has been from pumping in during big dips over the past couple of years. There's just been great rebounds”

@israel_ajoje I'm sure you could have made this a shorter tweet: teams can use the length of contract to reduce effect of transfer fee?

This one is a football accounting gem. I promise you will love it. In January 2023, Chelsea signed Mykhailo Mudryk from Shakhtar Donetsk for £88.5 million. The deal was jaw dropping on its own. But what really made the football world stop and stare was not the fee. It was the contract length. Eight and a half years. The longest contract in Premier League history at the time. Journalists questioned it. Rival clubs complained about it. And most fans had absolutely no idea what Chelsea were actually doing. But let me tell you. They were not being reckless. They were doing math. Very clever, very deliberate, very legal math. And the tool they were using is called amortisation. This is part of what football insiders consider during transfers. Are you with me? Good. Here is the simplest way to understand amortization. When a club signs a player, they spread the accounting of the cost of the transfer fee over the period of the contract signed by the player. So for example, when Harry Maguire signed for Manchester United in 2019 for £80 million on a six year deal, that did not show up as an £80 million expense in year one. It worked out as an annual amortisation cost of £13.3 million per year. That is the entire concept. Think of it the same way you think of a mortgage. You do not pay the full value of a house on the day you move in. You spread it. Football clubs do the exact same thing with players, and it is not a trick or a cheat. It is standard accounting practice used across every industry in the world. Check it. It's International Standard 38- used for accounting for intangible assets. The reason it matters so much in football is because of Financial Fair Play and Profitability and Sustainability Rules, which regulate how much clubs can lose in any given period. Amortisation costs are added to the profit and loss account each year, so the lower your annual amortisation figure, the healthier your books look. And here is where contract length becomes a weapon. Now let us do the math together. By using amortisation to complete Mudryk's transfer, Chelsea were able to record his £80 million fee as just £9.41 million per year for UEFA's FFP calculation. Had they signed Mudryk to a four year deal instead, his fee would have been recorded as £20 million per year. Same player. Same fee. More than double the annual accounting cost just by changing the contract length. That is the power of what Chelsea figured out. They did the same with Enzo Fernandez, signed for a then-British record of £106.8 million on an eight and a half year deal, which translated to an annual amortisation expense of approximately £13.4 million. And Moises Caicedo for £115 million on eight and a half years. And Wesley Fofana for £70 million on seven years. Repeat this across an entire squad and a billion pounds of spending starts to look manageable on paper. Did you get that? Now let's look at another part of amortization- the book value piece, because this changes how you think about every transfer you have ever watched. Book value is the difference between the transfer fee spent on a player minus what has already been amortised. For example, after two years, a £50 million player signed on a five year deal has a book value of £30 million. Any sale above £30 million is recorded as a profit. Anything below is a loss. This is why clubs can sell a player for what looks like a loss and still report a gain in their accounts. Take this example: a player is signed for £40 million on a five year contract. He is not a success and is sold two years later for £26 million. At the point of sale, his book value is £24 million, meaning the club actually books a £2 million profit on the deal. Fans see terrible business. The accountants see a gain. Same transaction, completely different reality. Manchester City lived this with Robinho. He was bought for £32.5 million on a four year deal in 2008, with annual amortisation of £8.1 million. He was sold after two years, leaving a book value of £16.3 million. City sold him for £18 million and claimed a £1.7 million profit on the sale. Supporters spent years calling it a disaster. The finance department called it a profit. There is one more trick worth knowing: contract extensions. If a player signs a new contract during their existing deal, the remaining unamortised value is spread over the length of the new contract. So if you bought a player for £60 million on a five year deal and after two years you extend his contract by three more years, the remaining £36 million book value is now spread across five new years instead of three. That reduces the annual amortisation cost and can reduce FFP losses by millions per year. Extending a contract is not always about keeping a player happy. Sometimes it is purely a financial decision dressed up as a vote of confidence. Back to Chelsea. Other clubs eventually complained loudly enough that UEFA had to act. UEFA amended its Financial Sustainability Regulations in July 2023, introducing a rule that limits the amortisation of player registrations to a maximum of five years, regardless of how long the contract actually runs. The Premier League followed in December 2023, when shareholders voted to apply the same five year maximum to all new or extended player contracts going forward. The loophole was closed. But crucially, the rule could not be applied retrospectively, meaning every player Chelsea signed on those long contracts before December 2023 continues to be amortised over the full contract length. Chelsea were already finished with their biggest spending windows by the time the door was shut. The timing was not a coincidence. As I conclude, always remember this- the contract is never just a contract. It is an accounting instrument. And the clubs that understand that are always three moves ahead of the ones that do not. I hope you enjoyed this. Tomorrow, by 7AM WAT, We get into the wage bill, and why a £50 million transfer can quietly become a £150 million commitment before you have blinked. Thanks for reading. 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.

@Tekeee No you can not ( in the UK at least)

If you purchase Bitcoin at $126,000 and it drops to $68,000 you can sell it and buy it back 5 seconds later you still have the same one Bitcoin But you can realize a capital loss of $58,000 for tax purposes

@BocaBola_ Apologies for the weather (yes I know it's 2 months away)!

UK here I come....

@grok @bitfunded Oh no ... Please 🙏

@ManiaWP @bitfunded Ask Grok is currently available to Premium and Premium+ subscribers only. Subscribe to unlock this feature: x.com/i/premium_sign…

The reply thats gets 0 likes receives 100K Bitfunded challenge. Winner announced in 24 hours 🤝

@JasonKoon If it takes you weeks to recover I suggest speaking to a doctor. That's not normal.

Triton Jeju is around the corner and I always have mixed feelings about going over there. I know I’m about to diabolically destroy my sleep, put my physical health on hold, and blow up my adrenal system. It’ll take weeks to feel normal again. Even after the event I’ll still be dealing with emotional and physical fatigue… dopamine withdrawal included. Maybe we’re all a little sick for doing it. At this stage of my life, I don’t need to anymore. But there’s something about walking down that hallway, completely exhausted, knowing you have to pull every last mental and physical resource out of yourself to show up and close a final table. You sit down against some of the greatest talent the game has ever seen, and it’s on you. When it's all on the line do you still have what it takes? If you fuck it up, it’s yours to own. Me vs. Me. My non-poker friends often ask why I still do it. That’s the answer.

@EhisOjeks Because you earn a cap, literally

I’ve always wanted to ask, why do we say “caps” when talking about country appearances??

@immasiddx You need to charge your phone

Apple’s website VS Samsung’s website What do you notice? 👀

@RealKidPoker Chidwick

70’s Johnny Moss Doyle Brunson 80’s Stu Ungar Johnny Chan 90’s thru 2010 Chip Reese 2010’s Phil Ivey Who’s Next?

@CrownUpGuy @GGPoker Launching an investment fund

After 6 good years, I’ve decided not to renew my ambassador role with @GGPoker. We are trying to have kids this year and I’m launching an investment fund, so that will be my full focus going forward. I started playing poker exactly half my life ago and it has given me an incredible amount of freedom and opportunity. It allowed me to travel the world, meet amazing people and build the life I have today. It will always be very special to me. Huge thanks to the team and to you, the community. It’s been a great ride and I’m very grateful.

@neville69890387 @SkyBetHelp It's not a shot

You’ve settled a bet incorrectly. Can you change it please as it’s very clear if the goalkeeper doesn’t stop it then it will go in the net. @SkyBetHelp

@andrewbensonf1 Meaning that Alonso is almost twice the man Stroll is... Story checks out

Headline from an Aston Martin news conference with Adrian Newey and Honda’s Koji Watanabe - Newey says vibrations from engine are so bad Fernando Alonso believes he can’t do more than 25 laps without incurring permanent nerve damage in his hands; Lance Stroll says 15 laps

@Temp9861 @CroftyF1 @JimPolk @SkyNews Seems like you are too

Is SkyNews F1 still gonna broadcast the F1 season this year? @skynews @CroftyF1

@joni_vrbt The outdoors

USA has ChatGPT USA has Grok USA has Claude USA has Gemini USA has Llama USA has Copilot China has DeepSeek China has Qwen China has Ernie China has GLM China has Kimi China has MiniMax Europe has?

@typesfast Idk why we can't set our cookie preferences at browser level (i.e. always accept) and not per visit

Can we stop putting cookie warnings on our web sites or not yet?

@sneminaj The soda or the narcotic?

You’re offered 15M to do a line of coke, wyd???

@hewantswealth Of course people are entitled to his estate

This is Liam Payne. One Direction band member and Cheryl Cole’s ex-partner who died recently. Liam had a £24m estate but died WITHOUT a Will. Nobody is entitled to any of his wealth…not his girlfriend, parents, friends or charities he may have wanted to support. Therefore, his wealth must be held in trust for his son until atleast 18. The message: You’re never too young to write a Will! ⚖️