citizen_maine
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- Joined
- 29 May 2011
- Messages
- 14,191
They're not...but...they are saying you need to change a sponsorship deal, not just alter how it appears in the accounts, so should this be different?
City launch legal action against the Premier League | City win APT case (pg901)
- Thread starter denislawsbackheel
- Start date
Champions again in 2012
Well-Known Member
Ask Eric Tenhag - he's got 2 bad backs ….
Old joke
I’ll get me coat then get on me bike (which is parked outside the chippie)
Someone should ask her about this.
Overview of Financial Losses
The London Stadium, home to West Ham United, continues to represent a significant financial challenge for the capital’s taxpayers, as revealed in the latest accounts from the London Legacy Development Corporation (LLDC). Despite efforts to mitigate losses by hosting concerts and other events, the stadium’s owner, E20 Stadium LLP, reported a staggering loss of £20.9 million in the financial year ending May 31, 2024. According to The Times.Costs Versus Income: An Imbalance
The financial report highlights the disparity between the costs of maintaining the stadium and the income generated. Notably, West Ham United pays a relatively modest rent of £3.6 million per season, which covers none of the stadium’s upkeep costs such as heating, cleaning, or maintenance. This situation is compounded by the fact that West Ham retains all ticket revenues and a portion of the catering income, further skewing the financial equation in favour of the club.
Report: West Ham’s £20.9m London Stadium Loss Hits Taxpayers Hard
Financial Strain at the London Stadium: A Closer LookOverview of Financial LossesThe London Stadium, home to West Ham United, continues to represent a significant financial challenge for the capital��...
sports.yahoo.com
On top of.
London Mayor Sadiq Khan has ordered an investigation into the cost of converting the Olympic Stadium into West Ham's new home. The move comes as it was revealed the conversion costs have jumped by another £51m to £323m from £272m. Balfour Beatty was in charge of converting the stadium under a £190m contract.
BringBackSwales
Well-Known Member
- Joined
- 3 Jul 2009
- Messages
- 33,650
Fuck me they got a belting deal compared to oursSomeone should ask her about this.
Overview of Financial Losses
The London Stadium, home to West Ham United, continues to represent a significant financial challenge for the capital’s taxpayers, as revealed in the latest accounts from the London Legacy Development Corporation (LLDC). Despite efforts to mitigate losses by hosting concerts and other events, the stadium’s owner, E20 Stadium LLP, reported a staggering loss of £20.9 million in the financial year ending May 31, 2024. According to The Times.
Costs Versus Income: An Imbalance
The financial report highlights the disparity between the costs of maintaining the stadium and the income generated. Notably, West Ham United pays a relatively modest rent of £3.6 million per season, which covers none of the stadium’s upkeep costs such as heating, cleaning, or maintenance. This situation is compounded by the fact that West Ham retains all ticket revenues and a portion of the catering income, further skewing the financial equation in favour of the club.
Report: West Ham’s £20.9m London Stadium Loss Hits Taxpayers Hard
Financial Strain at the London Stadium: A Closer LookOverview of Financial LossesThe London Stadium, home to West Ham United, continues to represent a significant financial challenge for the capital��...
On top of.
London Mayor Sadiq Khan has ordered an investigation into the cost of converting the Olympic Stadium into West Ham's new home. The move comes as it was revealed the conversion costs have jumped by another £51m to £323m from £272m. Balfour Beatty was in charge of converting the stadium under a £190m contract.
the blue panther
Well-Known Member
chris85mcfc
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- Joined
- 28 Jun 2013
- Messages
- 5,897
With the sheer irony being, that were not the club that need their spending curbed.
You could argue that the team with the highest level of debt, shouldn't also have the largest net spend to go alongside it.
United have been able to 'spend the money they're generating' and yet that money is somehow different to the money we've got from winning 7 of the last 8 league titles, as well as numerous domestic cups and the champions league.
Mad that clubs like West Ham think that City are the problem.
Stoned Rose
Well-Known Member
Needs a space between each one mate. Just makes it easier to read (for me and I know a few others have mentioned it on other people’s posts).
Someone should ask her about this.
Overview of Financial Losses
The London Stadium, home to West Ham United, continues to represent a significant financial challenge for the capital’s taxpayers, as revealed in the latest accounts from the London Legacy Development Corporation (LLDC). Despite efforts to mitigate losses by hosting concerts and other events, the stadium’s owner, E20 Stadium LLP, reported a staggering loss of £20.9 million in the financial year ending May 31, 2024. According to The Times.
Costs Versus Income: An Imbalance
The financial report highlights the disparity between the costs of maintaining the stadium and the income generated. Notably, West Ham United pays a relatively modest rent of £3.6 million per season, which covers none of the stadium’s upkeep costs such as heating, cleaning, or maintenance. This situation is compounded by the fact that West Ham retains all ticket revenues and a portion of the catering income, further skewing the financial equation in favour of the club.
Report: West Ham’s £20.9m London Stadium Loss Hits Taxpayers Hard
Financial Strain at the London Stadium: A Closer LookOverview of Financial LossesThe London Stadium, home to West Ham United, continues to represent a significant financial challenge for the capital��...
On top of.
London Mayor Sadiq Khan has ordered an investigation into the cost of converting the Olympic Stadium into West Ham's new home. The move comes as it was revealed the conversion costs have jumped by another £51m to £323m from £272m. Balfour Beatty was in charge of converting the stadium under a £190m contract.
Can't stand K B but she did cracking deal for West Ham more fools the person or people who signed it of! Maybe she gave them something an envelope or an account in the Cayman islands! One thing that deal was unbelievable! Just think in another ten years it could cost the tax payer around 400/500m just think if someone from Saudi or Abu Dhabi owned West Ham and got that deal you'd never here the end of it
Colin Bell (genuine name)
Well-Known Member
There are 13 clubs in the premier league with shareholder loans. Everton £451m, Brighton £373m, Arsenal £259m, Chelsea, Liverpool, Leicester, Bournemouth, Wolves, Brentford, Crystal Palace, Nottingham Forest, Aston Villa and Fulham.
The APT rules were declared unlawful as they did not include shareholder loans, which we all now know was by design when drafting the rules.
If, going forward, APT are to be part of the Premier league rules then shareholder loans is the one and only ruling that MUST form part of the APT legislation otherwise they will once again be ruled unlawful.
To that end, how many of the aforementioned clubs will vote for APT to be part of the the Premier League rule book knowing that they will have to include interest payments on shareholder loans as part of their PSR calculations.
Associated Party Transactions as an entity is no longer an option for the Premier League given that 14 of the 20 members have to vote in favour and in my opinion the cartel clubs will have to come up with something a little more intelligent than the previous APT rules which have been shown to be targeted towards the Gulf owners.
I’m surprised the media were so quick to support the Premier League’s stance that City were successful in a couple of minor points and that the rules would be reinstated quickly with a couple of tweaks.
Actually after all the shit that the media have thrown at us over the past decade I am not surprised they are not willing to see what’s in front of their faces.
The likes of Panja, Delaney etc are going to struggle to resurrect their careers when the truth eventually comes out. Cunts!
The APT rules were declared unlawful as they did not include shareholder loans, which we all now know was by design when drafting the rules.
If, going forward, APT are to be part of the Premier league rules then shareholder loans is the one and only ruling that MUST form part of the APT legislation otherwise they will once again be ruled unlawful.
To that end, how many of the aforementioned clubs will vote for APT to be part of the the Premier League rule book knowing that they will have to include interest payments on shareholder loans as part of their PSR calculations.
Associated Party Transactions as an entity is no longer an option for the Premier League given that 14 of the 20 members have to vote in favour and in my opinion the cartel clubs will have to come up with something a little more intelligent than the previous APT rules which have been shown to be targeted towards the Gulf owners.
I’m surprised the media were so quick to support the Premier League’s stance that City were successful in a couple of minor points and that the rules would be reinstated quickly with a couple of tweaks.
Actually after all the shit that the media have thrown at us over the past decade I am not surprised they are not willing to see what’s in front of their faces.
The likes of Panja, Delaney etc are going to struggle to resurrect their careers when the truth eventually comes out. Cunts!
And this is exactly why club Execs shouldn't have a vote on PSR rules as it allows for a conflict of interest. The rules should be drafted by independent financial experts and take debt into consideration, instead of having the primary aim of 'unlawfully' restricting investment.