₦airaland Forum

swiz123:
Your knowledge on cost management is abysmal.

Are amortized costs not relevant when balancing books? Inter backed Conte with the little they have, signed players they hoped he'd utilize and now, Conte is no where to be found.

How does one even accurately amortize cost in football? Isn't amortization premised on the useful life of an assest? How then can you estimate a players usefulness?

kolarov was signed and later Young was signed too.. Young plays as a wing back. Where is Conte that Ashley Young was amortized for?

What rubbish is this?

The length of the players contract is the amortisation period.

Who sent you to quantify "useful" in this case?

Stop arguing over your head.

Aside your abysmal understanding of accounting, I'm failing to understand your gripe on the football side.

Someone has a cheap Kolarov and bought a cheap Young and used these two old cargoes to win the league and you are talking rubbish about the players not having sell on value.

Someone had a cheap Darmian, was given money to buy an expensive Hakimi, used them to win the league, then flipped Hakimi for good profit, and you are still moaning.

Guy, just keep quiet. You have no point.

How I pray some shorts get liquidated soon and we get a quick flash past $50k.

Tyche:
Could the crash in gold futures be fueling Betcy rise? What's your thought @Ibime, @Jedisco

They are correlated but not causative. The causative factor is the economy. Crash in gold is due to the economy improving, great job figures and the S&P hitting ATH. When people are confident in the economy, gold crashes and riskier assets like stocks rise.

Crypto is seen as the riskiest asset class. When institutions are confident, they divest out of gold into stocks and leave small for crypto. When the economy starts looking shaky, they first sell crypto, then stocks and buy treasury bonds and gold.

There really is negative correlation between gold and crypto for now because Crypto has not attained the status of a defensive asset like gold, it is still a speculative asset, infact the most speculative of them all.

Upping my sell order on Cake from $19 to $22 with this BTC pump. BNB always follows BTC and Cake always follows BNB

ThisisIkemefuna:
Ibime chief when is ADA main net launch and what's your preferred entry point?

Should be end of this month or early next month. I already entered at 1.40 and was swinging between 1.20 and 1.40 prior

Emmynator:
Barca's mess is really really deep, at this rate they can't register depay and Aguero.

LA liga rules cap wages to revenue ratio at 70%, and Barcelona were at 115% with Messi, now that Messi is gone they are at 95%, they still need to offload 25% more percent in order to be able to register new players.

There is definitely no way they would have been able to keep Messi, Spanish rules meant that messi can't take more than 50% pay cut, meaning if he did, they would have been at 105% still needing to cut 95% to 60% to accommodate Messi.

Barcelona are in deep shit, they made losses of about half a billion euros last season, now none of their players can command half of the amount they were bought (in part to the fact that clubs are very aware of their desperation and would naturally want to take advantage of it), even if Barcelona agrees to sell as bonanza package, are these players willing to take pay cut at another club? Which club will be willing to pay umtiti, coutinho and dembele their current wages.

I wager that it will take Barcelona some years to recover from this mess.

Their players will also be demotivated from all the crap that's going on. Abeg who we fit buy from Barca for cheap? Shey we should try for Pedri?

One key thing I got to absorb from Jedisco writings is how coins in the same sector pump together and how whales love liquidity. You can see this in PSG volume against USDT today of $300m, making the top ten. You can also see all the other football coins with good liquidity and pumping together with PSG including Barcelona who are the ones that lost Messi and are in dire straits as a club. Crypto is a funny game. Often it's not about fundamentals but how narrative drives liquidity toward coins and the multiplier effect. Half these people pumping these football coins probably know little about football, they are just attracted to liquidity, that's why a club with wretched fundamentals like Barca is pumping.

Same reason why gaming coins pump together, NFT pumps together, Layer 1s pump one after the other etc. With ETH pumping now, you can expect a counternarrative for ADA to pump assuming BTC holds form.

Still waiting for a good ETC run. The current run is not enough, but watching cautiously for this infrastructure bill.

Put some more size into ADA when the price pulled back to 1.40 yesterday. I think I'll keep that one for Main net pump

Out of Doge and Shib for now, but still holding small XRP

Ibime:
Sell order triggered out of PSG position at 55.

Will trigger out of ICP position hopefully soon at 65

Before I finished typing this, my ICP sell triggered

gamaliel9:
I HAVE DONE 110% in PSG , when is the annoucement to Parc De Princes coming? I want to sell

Might be buy the rumours, sell the news scenario. Medical is already confirmed so that's been factored in

Sell order triggered out of PSG position at 55.

Will trigger out of ICP position hopefully soon at 65

swiz123:
You are talking about leaving them with a positive net spend..... Why are they selling their top talents to balance books? What happened to Erickson, Sanchez, Kwadwo Asamoah, Vidal who all earn hefty salaries... Do you think Inter wouldn't offload these deadwoods if they had the chance and keep their Lukaku, Hakimi and Lautaro?

Stop talking rubbish. Kwadwo Asamoah was signed in 2018 before Conte and left in 2020. The rest are players they got for next to nothing never with the intention to sell but to make up the squad, with an amortised cost they expected to bear till the end of contract. Reason they got these players is they didn't have money. Only a mumu will be expecting Chelsea to recoup transfer fee for Thiago Silva.

I have laid out Ashley Young's yearly cost for you. Tell me where you can get such a cost in football. Aston Villa who have now signed Ashley Young are not stüpid. They need a squad player to cover their fullbacks and have factored Ashleys cost till retirement.

BlueAngel444:
Tammy Abraham is at the top of Arsenal's wish list this summer. The Gunners are also Abraham's first choice if he were to depart #Chelsea. [@DiMarzio via @Route1futbol]

They should hurry up and drop douche. Arteta is a big spender

PrideofLincoln1:
Look at the downhill Nigeria is going through. To be candid Ibime, do you ever think you will live to see 1 Pound exchanged for N700. The country is on the precipice and these loudmouths who are going through hell in a country of 200 million where an average citizen earns less than $2 daily and where no town or village can boast of 48 hours of uninterrupted power but the loudmouths have nothing to say about that except wet their mouths about countries they only visit in their dreams.

As they say, Nero is fiddling while Rome is burning

benalvino3:
Yeah, I am happy for them. I hope your family are not living $2 a day. $2 a day cannot full my tank, I spend 14k at least a month for gas in my car alone.

$2 a day is N30K a month so your gas tank no reach

PrideofLincoln1:
Those Blacks in Britain are living the lives you can only dream about in Nigeria where over 80% of the citizens are living on less than $2 a day. These loudmouth don't even think before putting his trash out. Do you ever look at the mirror before typing your junks. Google Nigeria's standing in the comity of Nations and see how bad Buhari has turned Nigeria into. You will be paying N50.000 for a bag of rice and beans soon and N400 for a liter of petrol soon.

Are you sure you don't work for the CBN as an economist? You seem to be abreast of the price of baskets of commodities in Nigeria

benalvino3:
Naa man. Aside from footballers and celebrities, blacks in the UK are not doing well.

in this data, UK households were divided into 5 equally-sized groups (or ‘quintiles’) based on their income
in the 3 years to March 2019, an average of 76% of Pakistani households were in the 2 lowest income quintiles (after housing costs were deducted) – this was the highest percentage out of all ethnic groups
over half of households from the Bangladeshi, Asian Other, Black and Other ethnic groups were in the 2 lowest income quintiles (after housing costs)
42% of White British households were in the 2 highest income quintiles (after housing costs) – the highest percentage out of all ethnic groups
10% of Bangladeshi and Pakistani households were in the 2 highest income quintiles (after housing costs) – the lowest percentages out of all ethnic groups


How many percent of black households are in the highest income quintiles Ibime?

Give us Yankee own. Same sort of demographics - mostly from former slave colonies, low educational attainment historically etc

Canada should have the highest of the three as they have high percentage of African immigration among their black population.

popizaino, you never talk your own about Lukaku oh

benalvino3:
I didn't say there are no opportunities for blacks, I am just saying blacks has more chance to prevail on the USA than UK and Canada

That's if prevailing to you means becoming a billionaire. In a larger market (where the world shops for technology services), everyone has more chance to become a billionaire, not just blacks.

As per job market and becoming middle class, I see no difference between all three, infact I slightly edge Canada for immigrants. But from IT background of course everything in your sphere of influence leads you to Silicon Valley.

OpenHeaven2019:
For those in PSG, I nor suppose advise you to secure profit oo

That rally is not done. I'm HODLING but only because I didn't trade it at size. If.I traded at size, I would be taking profits. My target is 55, close to ATH of 58 but I will assess at 50 which should provide some momentary resistance. If the upward wicks are short at 50, I will try and stay till 55

Same for all my open positions in ICP, ETC, Doge, SHIB, XRP, Cake and ADA. I'm in breakout mode on all of them rather than swing mode. None are at size so I can afford to ride small reversals

benalvino3:
Hmmm. The man wey carry money from Africa go there from a smaller market than UK. Make I hear word.

Still not sure how this proves that there are no opportunities for blacks in UK. People are talking, you done start billionaire talks, as if Dangote billions didn't come from anti-competitive activities and Govt patronage

I know of no educated Naija person in UK who does not have a respectable career, unless they have some social hangups.

benalvino3:
Ehhh, it does not change the fact that it took an African man to go to the UK and live to become the first black billionaire in the country. He did not make his wealth in the country. Tell me which black billionaire the UK has? None. You can't compare how blacks are doing in the US to the UK. Fact.

How many British Billionaires are there in UK? 90% of UK billionaires are from other countries and came here to enjoy the safety of law, order and asset protection laws after making their billions in India, Ukraine etc. Check the list below, only 2 are British.

Which kain yarns be this? UK is a smaller market than US.

Let me tell you, European countries don't do runaway wealth. Wealth distribution is more equitable here. That doesn't mean the average Norwegian is not balling more than the average American.

Nigerians and billionaire talks. SMH

Amoto94:
England midfielder Declan Rice has accepted he will be staying at West Ham this season after their £90m transfer valuation blocked a move to a Champions League club.

Which kain transfer rumour be this? These guys need to go find work than telling us the Sky is blue everyday

benalvino3:
If systematic racism is keeping blacks down in the US... In the UK its times 5.

Don't project your failure on others. Blacks are doing very well here if educated. You can only say Visa restrictions stop some Nigerians from meeting the required threshold (used to be around £35k salary) for a working visa. Since Brexit, you get one year to meet that threshold after an undergraduate degree, and you get a years visa for every year of postgraduate study giving you more time to meet the threshold requirements. I have a cousin doing PHD and he will have 3 years to find a job at that salary that will keep him here.

swiz123:
.... So you think I wouldn't know Icardi, Joao Mario, Miranda, Hendernovic, De vrij, Antonio Candreva, Brozovic, Perisic ( not sure though).

These were Inter's top players before Conte came. Icardi made way for Lukaku and Hakimi was also signed. Both players were not cheap. Hakimi particularly was in red hot form before moving to Inter. He maintained his form so his big money move to PSG shouldn't be a surprise to anyone. Lukaku also was a big money signing who unfortunately for Inter being sold at his peak. ( No thanks to at least 25 useless signings that Conte made to steal a living off Inter) ...

Lautaro was a very promising talent but I don't know where you got this £80m from, God!!!...

Why can't Inter make money off those fringe players Conte signed? Abi Ashley Young collecting £91k wage no be player?

Where were these players before Conte? You must have googled to remind yourself of them, or been reminded when you saw them playing under Conte. I even forgot Joao Mario existed till you reminded me just now.

Ashley Young was not on any £91k. He was on £50k and they signed him for £1.5m. Amortise that over 18 months and you have an expenditure of £3.25m per year on a league winning fullback. That's an extremely cheap amortised cost to run a squad. He had to build the squad with these type of players because Inter money did not stretch much past Lukaku.

For comparison, Villa paid £7m loan fee for Ross Barkley and his full year salary of £5m. That's £12m amortised which is the going amortisation rate to run a squad on average players these days.

For Lukaku, take his £100m transfer fee, divide by 5 years contract and add £10m annual salary - Lukakus yearly cost that Roman has committed to is £30m.

Finally, Lautaro Martinez was nobody and barely scored 6 goals in the season before Conte met him. Spurs and Arsenal now bidding 70m for him. I expect it will land somewhere around £80m given Barca considered buying him for €100m

Think well before making scattergun criticisms. Conte will be a legend anyday, leaving them with a title and a positive net spend after their business is done this summer.

raumdeuter:
If there are jobs in Alabama or Missisipi there will be people moving there. Fulani herdsmen killing there is one Yoruba or Igbo boy relocating to Maidugiri as we speak. At the peak of South African xenophobia against Nigerians the Southie embassy still full

Nigerians are moving to Eastern Europe to Azerbaijan to skinhead Russia to China where they dont even speak the language or get to become citizens.
Economics is the main driver of immigration. You go where they pay your bills. Oil field workers are a mix educated and uneducated who do the manual labor. The locals are mainly rural whites who are probably racist. yet people flood there

You think a boy who just landed in Yankee from PH hears he can make $30 an hour and work overtime will be asking if they are racist or not?
When yu are struggling to survive
like 7 of my friends in Chicago have relocated to Texas in the last 6yrs. 2 of them moved to Midland Odessa rural Texas not even Houston Dallas or Austin

There is nowhere I cannot live in America and fear

That's people wey eye dey red and the problem they are facing back home is equally challenging or worse.

As an established professional nothing will take you to some Town in Mississippi or Alabama, and if work carries you there, before jobs start to go there, the redneck culture must have started to change with diverse people coming in.

raumdeuter:
The remarks was calling Moslem women letterboxes and African men having watermelon smiles and picanninies

These are things you expect from Trump

You want us to jump on Trumps shithole comments, but Johnsons letterboxes are "Much ado about nothing"

Trumps comment is what many Africans call themselves, How many moslem women call themselves letterboxes or Africans call themselves picanninies

Like you Auntie Patience said Kontinuuu. Vice Principal, kontinuu

You are mixing issues. Not to hold brief but the picanninies was 20 years ago.

The letter boxes was an article he wrote as a backbench MP criticising Denmark's ban on the Burkha. This was after Jack Straw a Labour MP refused to speak to woman wearing a burkha until she takes it off. While he said it's aesthetically unpleasing, and he wouldn't want to let someone in his office with a balaclava, same way having the Burkha on looks like speaking to someone through a letterbox but he will defend Muslim women's rights to wear it.

He definitely pushed the boundary on that one and apologised for his use of language but I won't hold brief for him on it.

raumdeuter:
The reason people are migrating there is because of the favourable economic policies of the Republican states. Many companies are moving from blue states to Red states. When companies move, jobs follow. People follow the jobs. There are many African immigrants living in some blue states who have to struggle for jobs but they all moved to the South and found jobs easily. I know so many of them

And people move to where there are jobs, If only you know the number of Nigerians who migrated to Midland, Odessa axis in mainly rural Texas because of Oil field jobs

Who will be doing the oil field jobs in Odessa, it's mainly educated, metropolitan and diverse mix of people. Of course you will feel comfortable there. Keep the same energy for a town in Alabama or Mississippi.

Meanwhile I can tell you that I can live in any town in UK without fear or fervour

Tdotbluejays:
Byrd took his political office position in the 1940s. 1947 or so to be precise. Hillary Clinton was probably in diapers then.

That's how someone here said George Soros sold his family to the Nazis when Soros moved to England at 17

raumdeuter:
I dont follow UK politics or news

But a quick search on youtube and this is what I see from MPs pointing abut some racist remarks made by Boris the head of the British conservatives

Find out what the remarks where before talking. Much Ado about nothing. These are sensitive folk.

raumdeuter:
Why is it cheaper to live there? Is it because of the insane taxes they put on people living there? It will be expensive to live when you have to pay a significant part of your income in taxes and fees

How many people live there and how many in Blue States? Where there are plenty people, things get expensive so you have osmosis the other way when it becomes unbearable. The reason there were that many people there in the first place is people felt comfortable to live there without facing prejudice and such. I'm sure you know about the great migration from the South. As Southern states began to become more metropolitan and inclusive, now you feel comfortable to go back there.

The only reason you feel comfortable in Yankee is because you live in metropolis or close to it where liberal pressure has made it comfortable for you to live. Go to a town in the middle of nowhere with 100% GQP flying confederate flag and tell me whether you feel comfortable there.

benalvino3:
When will you disagree with antifa? You are not making sense. You disagree with BLM but okay with antifa.

Antifa is not a hate group, and anywhere Antifa is fighting a hate group like your Proud Boys and KKKs, I know which side I'm on.