bruceallen61 wrote:KWSN-Men wrote:
That's another myth created by US media and NBA fans. This whole myth that a European club has a budget which includes everything like cab fares and soft drinks. Not true. Again this whole concept among NBA fans that teams from numerous different leagues and numerous different countries all operate the same is nonsense.
They are all 'Euro" clubs.............
Well let me give you one example. In Russia a budget includes the cost of the coaching staff and the managers and the cost of the living quarters and travel expenses. One of the main ways CSKA cut costs was by making it where they will only use their private jet for Euroleague games and will use the public jets for games in Russia.
However, NBA fans have created a myth that EVERY club in Europe counts those costs in their budget. Wrong. Greek clubs for example do NOT. Greek clubs like Olympiacos and Panathinaikos give EVERY player a free house, a free car, and ALL their living and expenses are paid for. They don't count travel expenses in Greece.
I don't know where exactly NBA fans get all these false ideas from but if it's from personal blogs like ballineurope.com you need to start realizing that it's not accurate. As for NBA agents and their nonsense. They lie all the time and no NBA team pays any agent a dime. So it's funny how European clubs pay agents, an added expense that NBA teams don't have, yet somehow this means European clubs lower their budgets. NBA teams don't even have that expense to begin with.
Why are you ranting about all of this? Perhaps, you aren't interpretting what I wrote correctly.
Without a current adjusted balance sheet of every one of those teams in hand you can't make any sort of claim. It's like any other business. I'm not simply implying basketball, I'm saying any business. Automotive, energy, general manufacturing, etc. You are making outlandish claims about increasing budgets and going into the nitty gritty of per diem rules, and how they affect Greek teams and not other Euro basketball teams.
Simply put. One would assume that Eurobasketball teams would be looking to spend less. Like every other industry?
Without first hand recent balance sheet, revenue forecasts, growth predictions of every team that was listed you simply cannot make these claims.
The only thing outlandish is your insistence that these teams all lose money because you don't know otherwise. And there is no secret about these budgets.
1. IGNORE personal blogs like ballineurope.com or in-the-game.org They are just some fan blog and not accurate.
2. IGNORE nonsense from NBA agents, ESPN, SI and stuff like that. It's completely 100% MADE up and false when it comes to the financial issues of European clubs. It's blatantly wrong and slanted for a particular purpose.
3. The budgets are extremely easy to know. For one thing the clubs themselves publish them. For another thing, you can figure the budget yourself.
1. Player salaries, coach and managers salaries plus 44-50 percent of the player, coach, and manager salaries added in. That's because they have to pay the taxes for players, coaches, managers in that country they are in and the agent fees as well. It varies from country to country, but it's almost always on average that much over the team. Some players might cost 60% more but it averages out.
2. Coach and managers, for small clubs about 1 million euros and for big clubs about 2 million euros plus the coaches salary.
3. You add in the expenses for the clubs. Again for small clubs about 1 million euros and for big clubs about 2 million euros.
For example, with Panathinaikos it would be all the player salaries plus 2 million euros team expenses, plus 2 million euros for managers, plus the coach's salary. Plus 44 percent to each player salary, coach and manager salaries because they pay all the taxes and agent fees also.
Then you have the team's budget. Same for Olympiacos and so forth. There is no rocket science involved. You know those clubs allocate 2 million euros plus taxes and agent fees for the coaches and managers and 2 million euros in expenses. You know what the player salaries are and you know they pay their taxes and agent fees. The taxes are 40% in Greece for athletes and the agent fees are 4%. You know what the coach's salaries are and the agent fee and tax rate.
In fact you can figure this on a calculator and it matches exactly with what the club budgets were last year officially from the club's themselves. Some European clubs count youth clubs in the budget and some don't. It all varies from league to league.
I'll enjoy my stay on your ignore list until next time.