if there was concrete evidence of false accounting that amounts to a criminal trial not a kangaroo premier league panel so on that basis alone they dont have the requisite evidence
What is market rate? Sponsorship is an investment. City have grown exponentially over the last 15 years, sponsors have all gotten value for their money. It would be difficult for the league to prove otherwise.which is true but even if it isnt related doesnt ffp have a thing about investment from any party being at market rate?
which is true but even if it isnt related doesnt ffp have a thing about investment from any party being at market rate?
because it disguises owner investment as income.
Say Sheikh Mansour wants to spend £500 million on a bunch of players, but can't because he can only spend a certain amount based on City's income, what does he do? He gets all his mates to flush City's coffers with lots of juicy sponsorship deals and Bob's you Uncle, he's got his £500 million.
Can you imagine the fall-out if they find the club, its owner and it's directors guilty of false accounting only for none of the relevant authorities to conclude there was sufficient evidence to proceed, or for them to proceed then find the club has no case to answer?
No way the PL, or any of its KCs, are taking that risk without absolutely undeniable evidence which they won't have, imo, even if it exists, which I doubt.
Inflated sponsorship from a tyre company , now there's a thing! :-)It does.
An inflated sponsorship deal will raise a red flag, but the ease of signing big ticket sponsorship deals isn't scrutinised and neither is the number of sponsors. We all laugh at Utd's noodles and official dog food sponsorship's, but they led the way in this.
I don't know how old you are, but a tyre company being a major sponsor? Thirty years ago it was unthinkable.
Take a look at this...
https://www.mancity.com/club/partners
The Etihad sponsorship has been seen as fair market value, the Etisalat one being the contentious one was £30 million over two seasons. When the club was posting losses of over £150 million at the time should Mansour not have been sending larger amounts of money through them to meet the break even?
The club has been fined £49 million in 2014 and £46 million in 2020. They also took a squad reduction in the champions league. What advantage have the club gained from all alleged activity when you look at the sanctions that have already been imposed?
Definitely a good year when we signed that deal!Inflated sponsorship from a tyre company , now there's a thing! :-)
Very ContinentalInflated sponsorship from a tyre company , now there's a thing! :-)
Definitely a good year when we signed that deal!
They can. Nothing stopping them. The only restrictions are that the sponsorship has to be 'fair market value' (i.e., comparable to what an unconnected company would pay) and it must be declared in the accounts, along with any other transactions with related parties.so answer me this, why shouldnt related companies be allowed to invest, whats the basis for not letting it happen?
If the State Airline is your sponsor and Sheikh Mansour is the State, or if a company run by your second cousin, twice removed, from the dad of your third wife, is your official bog roll sponsor, then it all looks pretty related to me.
That Nexen sponsorship raised the bar for sponsorships and we came under some pressure to justify it. However the bubble soon burst and the sponsorship market has been flat for a while.Inflated sponsorship from a tyre company , now there's a thing! :-)
Don't do it to yourself.20 minutes of derby build up on Sky and I think we’ve been mentioned for all of 30 seconds. Sky are so desperate for United to win today.
Think you’re missing my point. None of those we’ve said are related parties. The Wrexham one isn’t a comparable.
Not sure I'd highlight Nexen in any arguments about our sponsorship being legit ;)It does.
An inflated sponsorship deal will raise a red flag, but the ease of signing big ticket sponsorship deals isn't scrutinised and neither is the number of sponsors. We all laugh at Utd's noodles and official dog food sponsorship's, but they led the way in this.
I don't know how old you are, but a tyre company being a major sponsor? Thirty years ago it was unthinkable.
Take a look at this...
https://www.mancity.com/club/partners
Maybe part of the way in which oil rich businessmen achieve original investment capital is different but the way it has been used by Sheikh M has been targeted.No they're not.
What's on trial here is the business model of the oil rich Gulf States, what the Premier League is basically saying is anything and everything coming out of that part of the world is related.
That's a big case to prove, the cartel clubs that run the game have bitten off more than they can chew.