twinkletoes
Well-Known Member
bluenova said:
Nor are we here to patronise people.
This is an attempt to undermine the club.
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A Reply from Matt Scott
- Thread starter Ricster
- Start date
Nor are we here to patronise people.
This is an attempt to undermine the club.
twinkletoes
Well-Known Member
moomba said:I thought that any deals done before the rules come into effect don't count. So purchases and wages agreed now shouldn't be factored in the new rules anyway.
Exactly.
avoidconfusion
Well-Known Member
moomba said:I thought that any deals done before the rules come into effect don't count. So purchases and wages agreed now shouldn't be factored in the new rules anyway.
I think any purchases/deals concluded before the 1st of June 2010 do not count.
JoeMercer'sWay
Well-Known Member
why can't we just announce a series of massive 1 year sponsorships that put several hundred million into our cofters, and then re-negotiate at the maximum end that UEFA will allow(ie. what Real, Barca and Man U can get away with)?
avoidconfusion
Well-Known Member
JoeMercer'sWay said:why can't we just announce a series of massive 1 year sponsorships that put several hundred million into our cofters, and then re-negotiate at the maximum end that UEFA will allow(ie. what Real, Barca and Man U can get away with)?
I think it does not matter how much money you have in the bank, this is strictly about turnover.
twinkletoes said:bluenova said:The poor lad will read the OP and feel good about his job...till he gets called a 'cock' who writes 'complete bollocks'. That'll teach him.
The thread on here about amortisation is pretty recent, and I don't know for a fact that it's true we can write off our spnding. If it is, then is it not better to point this out and hope that Matt Scott's article will be updated (after all he's writing an investigative column about football so may be able to 'dig' a little deeper).
We're not in the playground any more, kids.
Nor are we here to patronise people.
This is an attempt to undermine the club.
Clearly we're interested in this subject as it comes up again and again on the boards. We don't know the answer and the amortisation issue was one which was discussed recently. Maybe he's heard that we're doing something different and wants it confirmed?
We're a legitimate topic for articles, and as we're a good few years behind Chelsea, we're the club who have most questions to answer when it comes to balancing the books. I don't expect the club to hand over all our plans, but I also don't expect journalists not to want to know the answers.
twinkletoes
Well-Known Member
UEFA has published its new Club Licensing and Financial Fair Play Regulations, in which the requirements and criteria are laid down for the implementation and functioning of UEFA's financial fair play measures aimed at improving European club football's overall well-being.
The UEFA Executive Committee approved the regulations unanimously at its meeting in Nyon last month. The regulations (which can be accessed on UEFA.com) have been drawn up in consultation with, and with the agreement of, the major stakeholders in the European game. Financial discipline is an essential element of the measures which, among other things, seek to curb the spiralling transfer fees, player salaries and other outgoings that have endangered European club football for some years now.
A phased implementation period will be undertaken over three years, and the main component of the regulations – the 'break-even' requirement – will come into force for financial statements in the reporting period ending 2012, to be assessed during the 2013/14 UEFA club competition season. Initial sanctions against clubs who do not fulfil the break-even requirement can be taken in the 2013/14 season, on the basis of financial information from the two previous campaigns.
Under the break-even requirement, clubs may not spend more than the income they generate. Clubs will also be assessed on a risk basis, in which debt and salary levels are taken into consideration. They will have to ensure that liabilities are paid in a punctual manner. The regulations and criteria laid down are also designed to help stimulate long-term planning for areas such as youth development and improving/upgrading sports installations.
"We have worked on the financial fair play concept hand-in-hand with the clubs, as our intention is not to punish them but to protect them," said UEFA president Michel Platini after last month's Executive Committee approval of the regulations. "This approval [...] is the start of an important journey for European football's club finances as we begin to put stability and economic common sense back into football. I thank all the stakeholders who have supported this along the way."
©UEFA.com 1998-2010. All rights reserved.
The UEFA Executive Committee approved the regulations unanimously at its meeting in Nyon last month. The regulations (which can be accessed on UEFA.com) have been drawn up in consultation with, and with the agreement of, the major stakeholders in the European game. Financial discipline is an essential element of the measures which, among other things, seek to curb the spiralling transfer fees, player salaries and other outgoings that have endangered European club football for some years now.
A phased implementation period will be undertaken over three years, and the main component of the regulations – the 'break-even' requirement – will come into force for financial statements in the reporting period ending 2012, to be assessed during the 2013/14 UEFA club competition season. Initial sanctions against clubs who do not fulfil the break-even requirement can be taken in the 2013/14 season, on the basis of financial information from the two previous campaigns.
Under the break-even requirement, clubs may not spend more than the income they generate. Clubs will also be assessed on a risk basis, in which debt and salary levels are taken into consideration. They will have to ensure that liabilities are paid in a punctual manner. The regulations and criteria laid down are also designed to help stimulate long-term planning for areas such as youth development and improving/upgrading sports installations.
"We have worked on the financial fair play concept hand-in-hand with the clubs, as our intention is not to punish them but to protect them," said UEFA president Michel Platini after last month's Executive Committee approval of the regulations. "This approval [...] is the start of an important journey for European football's club finances as we begin to put stability and economic common sense back into football. I thank all the stakeholders who have supported this along the way."
©UEFA.com 1998-2010. All rights reserved.
Prestwich_Blue
Well-Known Member
Because UEFA will apply an "arms-length" test, meaning that they will judge any deal on whther it is realistic in the market. So if the rags pull in £20m a year for 4 years shirt sponsorship from AON, it wouldn't be seen as a genuine deal if we announced one for £250m a year from EtihadJoeMercer'sWay said:why can't we just announce a series of massive 1 year sponsorships that put several hundred million into our cofters, and then re-negotiate at the maximum end that UEFA will allow(ie. what Real, Barca and Man U can get away with)?