Gaz (FMwkdsoul)
Well-Known Member
anything over 1m will be judged for fair value, anything under isn't checked (deemed an associate).
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City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)
- Thread starter Marvin
- Start date
anything over 1m will be judged for fair value, anything under isn't checked (deemed an associate).
Yep
Club sponsorship deals worth more than £1 million will have to be submitted to the Premier League to check it is not an “associated party” transaction.
As first reported by The Times, new regulations were agreed last week and sent to clubs, despite opposition from Newcastle United and Manchester City.
If the Premier League board suspects a transaction is from an “associated party” or “is otherwise than at arm’s length”, it will now conduct a “fair market value assessment” to determine whether its value has been evidently inflated.
The threshold for this is deals over £1 million, including payments from associated parties to clubs’ players, managers and senior officials.
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lazerblue
Guest
iv'e heard it all now! why not go the whole hog and get relegatedI would rather we cut a less lucrative deal and juggle our books even if that means cutting a player or two, it’s now way past a joke.
decmancity
Well-Known Member
- Joined
- 7 Nov 2010
- Messages
- 12,670
Yes.Do you think this was deliberate two in two days
SatOnTheWall
Well-Known Member
Says it all for me.I'm not sure I follow the logic of this. Firstly, why should the club have to improve our image to appease a bunch of mindless bigoted cretins
tolmie's hairdoo
Well-Known Member
I see we have another one
ABU DHABI, 6th January, 2022 (WAM) -- Manchester City today announced a new global partnership with Masdar, which will see the renewable energy and sustainable development company become an Official Partner of the Club
They can't touch this. According to Lipton in his financial column today, City have signed off on these deals prior to the new Premier League ruling coming in.
Just another 360 to go this year…Do you think this was deliberate two in two days
tolmie's hairdoo
Well-Known Member
Doesn’t matter as long as it’s under 1m
It doesn't matter if it's £30m a season. The recent deals being announced were signed off before the latest rules were votes through.
City also went out of their way yesterday to tell the press pack that they had definitely pulled the plug on that Crypto link up.
The major cash will come in when the books show how much uplift there will be next on the Etihad deal. It won't be announced, the deal will just have the terms improved.
We have a 12 year-old association and the sums will be more than justified.