City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

Prestwich_Blue said:
My suspicion is that the sponsorship was spread over multiple seasons but payments were irregular, with us calling them off as we needed them.

CAS only detailed payments in those 4 seasons so its possible we got nothing in that 2014/15 season, or a minimal amount. So effectively it's £220m over 5 seasons, which is £44m a season, for the shirt and stadium (the academy wasn't yet in place then). Hardly excessive for a PL winner and regular CL participant.
Click to expand...
I took the time to read through the judgement again last week strangely enough in slow time. I remember seeing the payment details listed and thinking fuck me that's 70+ million a season until I read the full section and came to the same conclusion you did that it covers more than that period alone and the payments were haphazard and on a need basis. I was surprised at the time I read it that no journalist had picked up on it, but then again I doubt many really read it as there was a narrative to stick to. Looks like Nick the prick has been desperately looking for something to crow about since Masons excursion into Police custody.
 
Dadsupportedthem said:


My mates are going all in on a whatsaap group after one posted this Nick Harris Twitter thread.

I have covid and really can't be arsed dealing with it. Anyone got something handy for me to refute?
Click to expand...


Old news and time has proved that the sponsors who had the vision to believe in us at the start of the project have got the best deal of all time.
 
Dadsupportedthem said:
My mates are going all in on a whatsaap group after one posted this Nick Harris Twitter thread.

I have covid and really can't be arsed dealing with it. Anyone got something handy for me to refute?
Click to expand...
E2ENp9zX0AI3rw8
 
Prestwich_Blue said:
My suspicion is that the sponsorship was spread over multiple seasons but payments were irregular, with us calling them off as we needed them.

CAS only detailed payments in those 4 seasons so its possible we got nothing in that 2014/15 season, or a minimal amount. So effectively it's £220m over 5 seasons, which is £44m a season, for the shirt and stadium (the academy wasn't yet in place then). Hardly excessive for a PL winner and regular CL participant.
Click to expand...

Confused.
Why 5 seasons? It's 4 isn't it - unless I'm missing something? 12-13 13-14 (14-15) 15-16

Without reading the CAS doc again for the fine detail, I thought it was the case there was no allegation of disguised owner investment involving Etihad in 14/15 which is not the same thing as saying no sponsorship receipts from Etihad for the year.
 
Pablo ZZZ Peroni said:
Confused.
Why 5 seasons? It's 4 isn't it - unless I'm missing something? 12-13 13-14 (14-15) 15-16

Without reading the CAS doc again for the fine detail, I thought it was the case there was no allegation of disguised owner investment involving Etihad in 14/15 which is not the same thing as saying no sponsorship receipts from Etihad for the year.
Click to expand...

I think the point is that the 220M (for argument's sake) was given as 70M, 80M, nil, 70M on a season basis.
Harris has then returned that as a 3-year sponsorship deal not a 4 year one.
I don't think there was a real issue as the accounts were read in 3 year blocks for FFP accounting.

I guess there's a difference between 45M/year each year for 4 years, and 220M over 4 years.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.