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

[bluetonium]

Seems the PL have come up with a scheme to review sponsorships.

Premier League: Independent verification required on any sponsorship deal exceeding £1m

Every club sponsorship deal worth more than £1 million a year will have to be submitted to the Premier League to be checked that it is not an “associated party”

www.thetimes.co.uk

Anything over £1m has to be reviewed by the PL, who can pass it to an "independent panel" for assessment if they feel it warrants it.

And 'independant' panel of Premier League members? That'd be Mr Judge, Ms Jury and Dr Executioner!

 

[Prestwich_Blue]

And 'independant' panel of Premier League members? That'd be Mr Judge, Ms Jury and Dr Executioner!

What's Yves Leterme doing these days?

 

[bluemanchester]

Is this the same premier league top dogs that rolled over when the government told them to allow the Saudis to take over Newcastle, or else;-)

 

[Blue Mist]

I love how they are going after related party sponsorship when talking about a fair price. I wonder if they will bother about unrelated parties that inflate the amount so much they get sacked.

 

[Pablo ZZZ Peroni]

New "associated party" rule here from @projectriver twitter:

 

[Groke]

maybe there should be an "associated party" check on people too

 

[waspish]

So no sponsor will be looked from yank owners? What about associated mates who do these yanks good overvalued sponsors? We just have to have 200 1 million pound sponsors from our owners mates companies ;)

 

[KS55]

Suppose a sponsorship is associated, is the intention to ban them outright or just limit them either individually or in total?
PS EDIT. Or will they just have to pass the fair value test?

 

[Centurions]

Seems the PL have come up with a scheme to review sponsorships.

Premier League: Independent verification required on any sponsorship deal exceeding £1m

Every club sponsorship deal worth more than £1 million a year will have to be submitted to the Premier League to be checked that it is not an “associated party”

www.thetimes.co.uk

Anything over £1m has to be reviewed by the PL, who can pass it to an "independent panel" for assessment if they feel it warrants it.

Wow, that's not even a little bit subtle in trying to hide who it's aimed at. Welcome to the PL cartel Newcastle, you're stuffed.

 

[KS55]

As this unfolds, @projectriver and our lawyers will be very busy. Just wait for the lies.
If Ms Staveley carries out her threat of legal action, this could turn out to be an object lesson on shooting yourself in the foot by the PL.

 

[BigOscar]

So some clubs will be allowed to have whatever sponsorship they want and if its massively overvalued then it's just because what savvy negotiators they are, while a select few clubs will have all their sponsorships reviwed and capped to make sure they aren't too high? Nothing bent going on here...

 

[tolmie's hairdoo]

Wow, that's not even a little bit subtle in trying to hide who it's aimed at. Welcome to the PL cartel Newcastle, you're stuffed.

I think we should be concerned also? Seems like they want to come after the CFG and the cross sponsorship we can count upon?

 

[Chi-town blues]

So some clubs will be allowed to have whatever sponsorship they want and if its massively overvalued then it's just because what savvy negotiators they are, while a select few clubs will have all their sponsorships reviwed and capped to make sure they aren't too high? Nothing bent going on here...

Soon they’ll order when to eat and when to shit. Sounds like the midget with funny mustache.

 

[KS55]

I think we should be concerned also? Seems like they want to come after the CFG and the cross sponsorship we can count upon?

I assume that's what they have in mind but it is hard to see what practical effect CFG business will have on us, unless cross sponsorships are large. They can only control what reaches the club's P&L.

 

[Centurions]

I think we should be concerned also? Seems like they want to come after the CFG and the cross sponsorship we can count upon?

I've no doubt on that bud, but we're pretty much unstoppable I'd have thought.

They just don't want a second club as good as ourselves taking their place at the top table. Although they can always make the table bigger again to keep themselves relevant I suppose.

 

[Navas >>| Fast Forward]

Seems the PL have come up with a scheme to review sponsorships.

Premier League: Independent verification required on any sponsorship deal exceeding £1m

Every club sponsorship deal worth more than £1 million a year will have to be submitted to the Premier League to be checked that it is not an “associated party”

www.thetimes.co.uk

Anything over £1m has to be reviewed by the PL, who can pass it to an "independent panel" for assessment if they feel it warrants it.

Does this mean that Tariq Panja will be announcing all our future sponsorship deals before they actually happen?

I honestly can’t see past a premier league team finding a sponsor then having to tell everyone in the premier league who they’re thinking about working with, then before anything is signed off, United or Liverpool can contact them directly hoovering up any potential new sponsors.

How did they get this level of control!?

 

[Citizen Green]

I think we should be concerned also? Seems like they want to come after the CFG and the cross sponsorship we can count upon?

Not really, it’s aimed at sponsorships, the elephant in the room is obviously ours with Etihad which CAS adjudicated as fair value & unrelated in 2020. We were actively looking for a new shirt sponsor before the Pandemic anyway. We are under the drawbridge, it’s Newcastle they are attempting to fuck here so they don’t get another City (ie competition)

 

[KS55]

Here's a thought. Newcastle get relegated, so what's the point of all this?

 

[Norbert D]

I guess the “independent panel” will be David Gill, John Henry and Stan Kroenke.

 

[Newman Noggs]

"A bad day for football"