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

WRicko said:
Baffled by the vote in the premier league about related part there are loads of clubs sponsored by owners then the reporting is all about city and Newcastle
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Yep, Leicester is the clearest example. Their owner and the owner of sponsor King Power are one in the same - but they apparently voted for this proposal! City of course don’t have any related parties acting as sponsors. As PIF have already been found to be separate from the Saudi state I’m not sure what deals this will block for Newcastle either.

Going back in history this was seen as the classic way of a wealthy man supporting his local team. Jack Walker/Walker Steel at Blackburn was the most notable example but I’m sure there were often links between owner and sponsors, and why wouldn’t there be? There can be an argument for fair play type rules but it is hard to see why related party sponsorships would be an automatic part of that.
 
Chris B said:
Yep, Leicester is the clearest example. Their owner and the owner of sponsor King Power are one in the same - but they apparently voted for this proposal! City of course don’t have any related parties acting as sponsors. As PIF have already been found to be separate from the Saudi state I’m not sure what deals this will block for Newcastle either.

Going back in history this was seen as the classic way of a wealthy man supporting his local team. Jack Walker/Walker Steel at Blackburn was the most notable example but I’m sure there were often links between owner and sponsors, and why wouldn’t there be? There can be an argument for fair play type rules but it is hard to see why related party sponsorships would be an automatic part of that.
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Hmm, just realised that PIF now also own a lot of Saudi investments too (including Aramco since 2016, NEOM, etc.), I was thinking it was overseas stuff only.
 
It's because they can't form any rational argument that Newcastle being sponsored for £80m a year is not 'fair value' but the red tops being sponsored the same amount is.

It's because they can't outright ban Saudi sponsorship because the rest of them are already dipping in that trough.

So instead they are trying to ban owner/related party investment whilst completely ignoring all the existing owner / related party investment.

It is bent, corrupt, unfair, stinks to high heaven.


Oh and you can guarantee it would not be an issue if the Saudi's had taken over Utd instead.


Welcome to the club Newcastle, get used to it.
 
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Perhaps I've missed it but has that Real Geordie idiot had a melt down on camera yet, or has he miraculously changed his thinking?
 
WRicko said:
Baffled by the vote in the premier league about related part there are loads of clubs sponsored by owners then the reporting is all about city and Newcastle
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At the moment they've voted to forbid them for a month while they consider a permanent ban. I suspect they're hoping to ban all future related party deals, but they may not include any retrospective element. I can't see Newcastle standing for any of this and I think those responsible for running PL are alarmed at the turn of events.
 
Claytop said:
Pretty sure the initial intentions of FFP was to deal with debt but Platini got told by the G-14 or whatever they were then that it had to change.
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The 'istry clubs here and abroad threatened legal action against UEFA because debt has been recognised as a major means of raising capital for investment and they threatened that any move to force clubs to deal with debt would also provoke a break away. They are right on the question of the role of debt but they have never been taken to tasl on their staggering hypocrisy, that owner investment and debt were used by ALL the history clubs to build their infrastructure AND playing staff, but this means was to be denied to every other club. Platini was persuaded solely by the force of their argument ...
 
I hope that every Saudi sponsorship that every club has bar Newcastle and City gets terminated, bit like Fergie pulled the plug on players that had been loaned out had been recalled because his son got the bullet.
 
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