Citizen in Pakistan said:when will our latest details of accounts would be released?
oakiecokie said:Citizen in Pakistan said:when will our latest details of accounts would be released?
If I remember correctly they were slightly later than the previous years and came out late November early December.I await to be shot down in flames. ;)
Sounds about right, I think we've released them from between September to January the next year in recent years.oakiecokie said:Citizen in Pakistan said:when will our latest details of accounts would be released?
If I remember correctly they were slightly later than the previous years and came out late November early December.I await to be shot down in flames. ;)
Mancini Manus Domini said:What are the plans?fbloke said:I thought everyone knew about the S Africa and Argentina plans?
They basically talk about them on the stadium tour iirc.
Damocles said:Mancini Manus Domini said:What are the plans?fbloke said:I thought everyone knew about the S Africa and Argentina plans?
They basically talk about them on the stadium tour iirc.
We're building an underground lair for Manuel.
Prestwich_Blue said:They refused to sign with Nike as they (Nike) wanted performance related clauses in. and that was before they appointed Moyes.fbloke said:MeatHunterrr said:But you have to remember that even if we catch them in 2014/15, they will take 1st place again because of the Adidas deal, IF they get to Champions League, otherwise they have 30% slashed off that Adidas deal per annum. Also the CL revenue they get on top of that.
The Adidas deal they signed is something £75m per annum?, IF Champions League.
One thing is laughable tho that their wage bill went over £200m mark even before Falcao and Di Maria.
The Adidas deal created headlines for its size but once the details started to emerge it is clear that for the £75m figure to be hit they have to win the league and CL.
If they fail to win silverware and fail to get into the CL they get paid less than under the previous Nike deal.
It was a deal of desperation as far as united are concerned and Adidas were being very businesslike and realistic in the structure. The theatre of dreams means nothing to the hard nosed German businessmen at Adidas.
My understanding is that the Chevrolet deal is also over-stated as well, as they had to renegotiate it downwards after the Marketing Exec was sacked for exceeding his authority.
Mister Appointment said:UEFA Gen Secretary has said that people have suggested he be nominated for the Noble Peace Prize for Economics for coming up with FFP.
What in the actual fuck.
Mister Appointment said:UEFA Gen Secretary has said that people have suggested he be nominated for the Noble Peace Prize for Egonomics for coming up with FFP.
What in the actual fuck.
Mister Appointment said:UEFA Gen Secretary has said that people have suggested he be nominated for the Noble Peace Prize for Economics for coming up with FFP.
What in the actual fuck.
fbloke said:MeatHunterrr said:But you have to remember that even if we catch them in 2014/15, they will take 1st place again because of the Adidas deal, IF they get to Champions League, otherwise they have 30% slashed off that Adidas deal per annum. Also the CL revenue they get on top of that.Silva_Spell said:According to Soriano, our revenue for 13/14 - the accounts set to be released in the new year - is expected to be around 404m Euros (£315-320m)
With the extra £30-35m p/a from the new CFA sponsors and the Etihad extension that would put us at around 444m Euros (£350m) *before* any other increases in revenue for this season - not far away from being the highest in the PL (Utd expected to be around £390m this season)
Suck on that, twatini et al.
The Adidas deal they signed is something £75m per annum?, IF Champions League.
One thing is laughable tho that their wage bill went over £200m mark even before Falcao and Di Maria.
The Adidas deal created headlines for its size but once the details started to emerge it is clear that for the £75m figure to be hit they have to win the league and CL.
If they fail to win silverware and fail to get into the CL they get paid less than under the previous Nike deal.
It was a deal of desperation as far as united are concerned and Adidas were being very businesslike and realistic in the structure. The theatre of dreams means nothing to the hard nosed German businessmen at Adidas.
Chippy_boy said:fbloke said:MeatHunterrr said:But you have to remember that even if we catch them in 2014/15, they will take 1st place again because of the Adidas deal, IF they get to Champions League, otherwise they have 30% slashed off that Adidas deal per annum. Also the CL revenue they get on top of that.
The Adidas deal they signed is something £75m per annum?, IF Champions League.
One thing is laughable tho that their wage bill went over £200m mark even before Falcao and Di Maria.
The Adidas deal created headlines for its size but once the details started to emerge it is clear that for the £75m figure to be hit they have to win the league and CL.
If they fail to win silverware and fail to get into the CL they get paid less than under the previous Nike deal.
It was a deal of desperation as far as united are concerned and Adidas were being very businesslike and realistic in the structure. The theatre of dreams means nothing to the hard nosed German businessmen at Adidas.
It's taken me a while to reply to this as I have been away from my computer with the relevant files. However, the above is incorrect.
The Adidas deal is £75m per year and may be increased if they win the PL, FA Cup or CL. They do not have to win any of these to get a steady £75m per year.
If they fail to get into the CL for 2 consecutive seasons, beginning with the 2015/16 season, then the £75m can be reduced. So they would have to not qualify now until 2017/18 in order to receive anything less than £75m/year. This is pretty bloody unlikely, unfortunately.
fbloke said:Chippy_boy said:fbloke said:The Adidas deal created headlines for its size but once the details started to emerge it is clear that for the £75m figure to be hit they have to win the league and CL.
If they fail to win silverware and fail to get into the CL they get paid less than under the previous Nike deal.
It was a deal of desperation as far as united are concerned and Adidas were being very businesslike and realistic in the structure. The theatre of dreams means nothing to the hard nosed German businessmen at Adidas.
It's taken me a while to reply to this as I have been away from my computer with the relevant files. However, the above is incorrect.
The Adidas deal is £75m per year and may be increased if they win the PL, FA Cup or CL. They do not have to win any of these to get a steady £75m per year.
If they fail to get into the CL for 2 consecutive seasons, beginning with the 2015/16 season, then the £75m can be reduced. So they would have to not qualify now until 2017/18 in order to receive anything less than £75m/year. This is pretty bloody unlikely, unfortunately.
Wow, well I dont think i'm alone in having read numbers that said the exact opposite somewhere. I guess we can only hope LVG carries on in the same manner as Moyes did.
fbloke said:Chippy_boy said:fbloke said:The Adidas deal created headlines for its size but once the details started to emerge it is clear that for the £75m figure to be hit they have to win the league and CL.
If they fail to win silverware and fail to get into the CL they get paid less than under the previous Nike deal.
It was a deal of desperation as far as united are concerned and Adidas were being very businesslike and realistic in the structure. The theatre of dreams means nothing to the hard nosed German businessmen at Adidas.
It's taken me a while to reply to this as I have been away from my computer with the relevant files. However, the above is incorrect.
The Adidas deal is £75m per year and may be increased if they win the PL, FA Cup or CL. They do not have to win any of these to get a steady £75m per year.
If they fail to get into the CL for 2 consecutive seasons, beginning with the 2015/16 season, then the £75m can be reduced. So they would have to not qualify now until 2017/18 in order to receive anything less than £75m/year. This is pretty bloody unlikely, unfortunately.
Wow, well I dont think i'm alone in having read numbers that said the exact opposite somewhere. I guess we can only hope LVG carries on in the same manner as Moyes did.
GXCity said:fbloke said:Chippy_boy said:It's taken me a while to reply to this as I have been away from my computer with the relevant files. However, the above is incorrect.
The Adidas deal is £75m per year and may be increased if they win the PL, FA Cup or CL. They do not have to win any of these to get a steady £75m per year.
If they fail to get into the CL for 2 consecutive seasons, beginning with the 2015/16 season, then the £75m can be reduced. So they would have to not qualify now until 2017/18 in order to receive anything less than £75m/year. This is pretty bloody unlikely, unfortunately.
Wow, well I dont think i'm alone in having read numbers that said the exact opposite somewhere. I guess we can only hope LVG carries on in the same manner as Moyes did.
The best thing is that based on current shirt sales, Adidas will have to sell each shirt at £100 to break even.
GXCity said:fbloke said:Chippy_boy said:It's taken me a while to reply to this as I have been away from my computer with the relevant files. However, the above is incorrect.
The Adidas deal is £75m per year and may be increased if they win the PL, FA Cup or CL. They do not have to win any of these to get a steady £75m per year.
If they fail to get into the CL for 2 consecutive seasons, beginning with the 2015/16 season, then the £75m can be reduced. So they would have to not qualify now until 2017/18 in order to receive anything less than £75m/year. This is pretty bloody unlikely, unfortunately.
Wow, well I dont think i'm alone in having read numbers that said the exact opposite somewhere. I guess we can only hope LVG carries on in the same manner as Moyes did.
The best thing is that based on current shirt sales, Adidas will have to sell each shirt at £100 to break even.
Chippy_boy said:fbloke said:Chippy_boy said:It's taken me a while to reply to this as I have been away from my computer with the relevant files. However, the above is incorrect.
The Adidas deal is £75m per year and may be increased if they win the PL, FA Cup or CL. They do not have to win any of these to get a steady £75m per year.
If they fail to get into the CL for 2 consecutive seasons, beginning with the 2015/16 season, then the £75m can be reduced. So they would have to not qualify now until 2017/18 in order to receive anything less than £75m/year. This is pretty bloody unlikely, unfortunately.
Wow, well I dont think i'm alone in having read numbers that said the exact opposite somewhere. I guess we can only hope LVG carries on in the same manner as Moyes did.
FYI I got the info from their October 30th 2013 prospectus pending the offering of 12,000,000 new shares. You can be 100% certain it's correct or they would have class action lawsuits all over the place.
The exact text is this:
"We have reached a 10-year agreement with adidas with respect to our global technical sponsorship and dual-branded licensing rights, beginning with the 2015/16 season. The minimum guarantee payable by adidas is equal to £750 million over the 10-year term of the agreement or an average of £75 million per year, though actual cash payments per year will vary, subject to certain adjustments including those described below.
Payments due in a particular year may increase if our first team wins the Premier League, FA Cup or Champions League, or decrease if our first team fails to participate in the Champions League for two or more consecutive seasons starting with the 2015/16 season, with the maximum possible increase being £4 million per year and the maximum possible reduction being 30% of the applicable payment for that year."
So, sadly I think their demise is not something that's going to happen in the forseeable. LVG will just keep spending until they start winning things again.
I was wondering that myself because the statement doesn't really make sense.fbloke said:Chippy_boy said:fbloke said:Wow, well I dont think i'm alone in having read numbers that said the exact opposite somewhere. I guess we can only hope LVG carries on in the same manner as Moyes did.
FYI I got the info from their October 30th 2013 prospectus pending the offering of 12,000,000 new shares. You can be 100% certain it's correct or they would have class action lawsuits all over the place.
The exact text is this:
"We have reached a 10-year agreement with adidas with respect to our global technical sponsorship and dual-branded licensing rights, beginning with the 2015/16 season. The minimum guarantee payable by adidas is equal to £750 million over the 10-year term of the agreement or an average of £75 million per year, though actual cash payments per year will vary, subject to certain adjustments including those described below.
Payments due in a particular year may increase if our first team wins the Premier League, FA Cup or Champions League, or decrease if our first team fails to participate in the Champions League for two or more consecutive seasons starting with the 2015/16 season, with the maximum possible increase being £4 million per year and the maximum possible reduction being 30% of the applicable payment for that year."
So, sadly I think their demise is not something that's going to happen in the forseeable. LVG will just keep spending until they start winning things again.
Thanks for that.
Am i being very dumb in that the minimum is guaranteed at £750m over ten years but they could lose 30% if they miss out on CL for 2 seasons?
So if they were to fail to get into the CL for 9 seasons of the 10 year deal Adidas reduce the payment for those seasons to £52.5m but g'teeing that £750m means that they get a bumper final year payment to fulfil the g'tee?