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Financial Fair Play
- Thread starter NewmarketYid
- Start date
Re: O/T Financial Fair Play
Hahaha, thought some people might be interested.
How good/bad it sounds depends on how you hear about the reports. The club is reporting it as losses being halved (down to £50m), but I've seen it reported already as £150m loss in two years. I'll need to look at them more to see what it means.
The Booker Prize committee await with interest.
Hahaha, thought some people might be interested.
How good/bad it sounds depends on how you hear about the reports. The club is reporting it as losses being halved (down to £50m), but I've seen it reported already as £150m loss in two years. I'll need to look at them more to see what it means.
Finney Is Back
Colin Calderwood
Re: O/T Financial Fair Play
I would imagine that it means your owners will have to find another one of the companies they own to pay well over the odds for sponsoring something at Emirates Marketing Project.
I would imagine that it means your owners will have to find another one of the companies they own to pay well over the odds for sponsoring something at Emirates Marketing Project.
Re: O/T Financial Fair Play
When compared to other sponsorship deals that have been signed recently, I could justify describing the Etihad deal as undervalued.
When compared to other sponsorship deals that have been signed recently, I could justify describing the Etihad deal as undervalued.
spurs' magna carter
Ronnie Rosenthal
Re: O/T Financial Fair Play
The Times are reporting that Nike, Adidas and Puma are fighting to become Man Utd's kit sponsor in deal that could fetch up to £70m a year
The Times are reporting that Nike, Adidas and Puma are fighting to become Man Utd's kit sponsor in deal that could fetch up to £70m a year
Craig_J
Tim Sherwood
Re: O/T Financial Fair Play
Not bad for a mid table side.8-[
The Times are reporting that Nike, Adidas and Puma are fighting to become Man Utd's kit sponsor in deal that could fetch up to £70m a year
Not bad for a mid table side.8-[
jaysea67
Erik Edman
Re: O/T Financial Fair Play
Emirates Marketing Project's financial results for 2012-13 show a loss of £51.6m. Added to the loss of £97.9m for 2011-12 makes a combined loss for the two years of £149.5m (compared to the FFP permitted level of £37m). They will be allowed to exclude wages paid in 11-12 that related to pre-June 2010 contracts. Emirates Marketing Project said last year this amounted to £80m. They will also be allowed to exclude (for both years) losses relating to infrastructure and youth programmes. They said these totalled £15m for 11-12. After adjusting for these exclusions they are going to be very close to the maximum allowed losses under FFP.
Last year's accounts included income of £12.8m for "Design, Know-how and Other Intellectual Property rights" sold to the parent company Abu Dhabi United Group Investment & Development Limited. I notice that this year's accounts include a further £22.5m of income for the sale of "intellectual property" to other related companies. These are transactions that UEFA will need to investigate, along with the Etihad sponsorship deal, in assessing Emirates Marketing Project's compliance with the FFP rules.
Emirates Marketing Project's financial results for 2012-13 show a loss of £51.6m. Added to the loss of £97.9m for 2011-12 makes a combined loss for the two years of £149.5m (compared to the FFP permitted level of £37m). They will be allowed to exclude wages paid in 11-12 that related to pre-June 2010 contracts. Emirates Marketing Project said last year this amounted to £80m. They will also be allowed to exclude (for both years) losses relating to infrastructure and youth programmes. They said these totalled £15m for 11-12. After adjusting for these exclusions they are going to be very close to the maximum allowed losses under FFP.
Last year's accounts included income of £12.8m for "Design, Know-how and Other Intellectual Property rights" sold to the parent company Abu Dhabi United Group Investment & Development Limited. I notice that this year's accounts include a further £22.5m of income for the sale of "intellectual property" to other related companies. These are transactions that UEFA will need to investigate, along with the Etihad sponsorship deal, in assessing Emirates Marketing Project's compliance with the FFP rules.
Denmark Spur
Michael Carrick
nelto
Clint Dempsey
Re: O/T Financial Fair Play
Well played City. I hope you win the Quadruple, the Super Cup, the World Cup, everything! With Chelsea as runners up.
Maybe then UEFA & FIFA will take notice. Nah, probably not...
As somebody mentioned in another post (Scara?), there's a glass ceiling and we're butting against it. But we'll not break it.
I don't understand how commentators can thrap themselves into a frenzy over City. Of course they are going to win. It's inevitable. I don't mind their fans so much as Chelsea's, at least they were there when they were shít.
Well played City. I hope you win the Quadruple, the Super Cup, the World Cup, everything! With Chelsea as runners up.
Maybe then UEFA & FIFA will take notice. Nah, probably not...
As somebody mentioned in another post (Scara?), there's a glass ceiling and we're butting against it. But we'll not break it.
I don't understand how commentators can thrap themselves into a frenzy over City. Of course they are going to win. It's inevitable. I don't mind their fans so much as Chelsea's, at least they were there when they were shít.
SteveAWOL
Jimmy Cantrell
Re: O/T Financial Fair Play
You get what you pay for, sometimes...
http://www.financialfairplay.co.uk/latest-news/wages-vs-points-scaled-tables
You get what you pay for, sometimes...
http://www.financialfairplay.co.uk/latest-news/wages-vs-points-scaled-tables
Gazza Dazzla
Christian Ziege
Re: O/T Financial Fair Play
FFP?! ******** ain't it?!
FFP?! ******** ain't it?!
jts1882
Dean Richards
Re: O/T Financial Fair Play
Isn't there a clause allowing clubs to exceed the limits as long as they are going in the right direction. So £98m to £52m is a substantial improvement which might allow them to pass the test.
Those intellectual property charges look like the classic tax avoidance schemes of companies like Starbucks. Large payments to Swiss subsidiaries for their proprietary technique for burning coffee and other payments for proprietary recipes for adding gooey gunk to coffee flavoured beverages.
Isn't there a clause allowing clubs to exceed the limits as long as they are going in the right direction. So £98m to £52m is a substantial improvement which might allow them to pass the test.
Those intellectual property charges look like the classic tax avoidance schemes of companies like Starbucks. Large payments to Swiss subsidiaries for their proprietary technique for burning coffee and other payments for proprietary recipes for adding gooey gunk to coffee flavoured beverages.
Finney Is Back
Colin Calderwood
Re: O/T Financial Fair Play
Of course you could - but you would be comparing your deal with deals signed by truly huge global clubs/brands such as Man Utd, Bayern Munich, Real Madrid and Barcelona I'm sure. Alternatively you could just compare with France's own version of Oil Money FC - Paris Saint Germain.
Now don't get me wrong I'm sure that when it comes down to the legal aspects of FFP your lawyers will be able to argue that they represent 'fair value' (citing the clubs above I mentioned). In fact I would imagine that UEFA won't even have the nerve to get as far as getting lawyers involved.
However deep down I think even you know that your commercial revenue is as large as it is for one single reason.... or is it merely a coincidence that you happen to be sponsored by a company that falls under your owners umbrella?
But anyway - at least Emirates Marketing Project are "doing it in the right way" eh?
Of course you could - but you would be comparing your deal with deals signed by truly huge global clubs/brands such as Man Utd, Bayern Munich, Real Madrid and Barcelona I'm sure. Alternatively you could just compare with France's own version of Oil Money FC - Paris Saint Germain.
Now don't get me wrong I'm sure that when it comes down to the legal aspects of FFP your lawyers will be able to argue that they represent 'fair value' (citing the clubs above I mentioned). In fact I would imagine that UEFA won't even have the nerve to get as far as getting lawyers involved.
However deep down I think even you know that your commercial revenue is as large as it is for one single reason.... or is it merely a coincidence that you happen to be sponsored by a company that falls under your owners umbrella?
But anyway - at least Emirates Marketing Project are "doing it in the right way" eh?
Baleforce
Vinnie Samways
Re: O/T Financial Fair Play
I think worldwide, city are at that level now, the interested in the middle east/asia/us don't care about club history, they only care about now, and right now City have some real stars that people want to see, Aguero, Silva, Toure, Kompany etc, they are a big draw
I think worldwide, city are at that level now, the interested in the middle east/asia/us don't care about club history, they only care about now, and right now City have some real stars that people want to see, Aguero, Silva, Toure, Kompany etc, they are a big draw
Finney Is Back
Colin Calderwood
Re: O/T Financial Fair Play
Really? Having spent a lot of time in Asia they are absolutely nowhere near to even Liverpool, let alone Man Utd. I have no doubt that this will change as their success continues but it is as clear as day that the commercial deals they signed bore no relation to their exposure (hence why it was an 'in house' company that became the sponsor). It would be interesting to see what sort of bids they were receiving from companies that were not connected to them at the time they did the Etihad deal - although, of course, we will never actually find out.
Really? Having spent a lot of time in Asia they are absolutely nowhere near to even Liverpool, let alone Man Utd. I have no doubt that this will change as their success continues but it is as clear as day that the commercial deals they signed bore no relation to their exposure (hence why it was an 'in house' company that became the sponsor). It would be interesting to see what sort of bids they were receiving from companies that were not connected to them at the time they did the Etihad deal - although, of course, we will never actually find out.
Re: O/T Financial Fair Play
What you have to remember though mate, is that we were the first to sign a 'bumper deal' like this. Since then, the clubs much bigger than us have signed deals bigger than ever before too. Liverpool's shirt sponsorship is worth £20m a season, and that is despite years without exposure to European football. Our Etihad deal is worth £40m a season, but that includes shirt sponsorships, stadium naming rights, sponsorship for the campus around the stadium (which includes an athletics track, huge social area, bridges, and will soon incorporate our training ground and youth facilities) and training kits. If I was to estimate, I would say our shirt sponsorship is worth £15m of that maximum, which I wouldn't say is unfair. I would be very interested to see your sponsorship figures, so I will search them out later.
I agree with you (and therefore disagree with galeforce) that we aren't anywhere near the levels of the other massive clubs, we are more or less level with you, probably a bit further ahead at the moment due to larger exposure (trophies and players). At the time, I didn't think our deal was SO outrageous, but that was probably due to bias on my part. But now I am under zero doubt that its good value, as other teams have caught up and surpassed us. I'll try and find details of PSG's latest deal, too, for further comparison.
What you have to remember though mate, is that we were the first to sign a 'bumper deal' like this. Since then, the clubs much bigger than us have signed deals bigger than ever before too. Liverpool's shirt sponsorship is worth £20m a season, and that is despite years without exposure to European football. Our Etihad deal is worth £40m a season, but that includes shirt sponsorships, stadium naming rights, sponsorship for the campus around the stadium (which includes an athletics track, huge social area, bridges, and will soon incorporate our training ground and youth facilities) and training kits. If I was to estimate, I would say our shirt sponsorship is worth £15m of that maximum, which I wouldn't say is unfair. I would be very interested to see your sponsorship figures, so I will search them out later.
I agree with you (and therefore disagree with galeforce) that we aren't anywhere near the levels of the other massive clubs, we are more or less level with you, probably a bit further ahead at the moment due to larger exposure (trophies and players). At the time, I didn't think our deal was SO outrageous, but that was probably due to bias on my part. But now I am under zero doubt that its good value, as other teams have caught up and surpassed us. I'll try and find details of PSG's latest deal, too, for further comparison.
Re: O/T Financial Fair Play
The point being that ours is genuinely market value though, which is what the issue was/is.
The point being that ours is genuinely market value though, which is what the issue was/is.