Financial expert coming up on SSN regarding Etihad deal

[Why Always Ste]

Lol @ the irony from the presenter.

At the end of the interview with the financial expert, he says:

"it's all about the money isn't it"

You fool, big corporate money has got involved more and more in football since your employer Mr Murdoch decided that football was the right product to drive his Tv business.

People say this a lot doesn't he/or one of his companies own a 30% odd share in Sky, he's not the head man, or does he head the Sky SPorts section?

no actually, I think he just owns Sky Movies :S

 

[1.618034]

What I'm confused about is this..... How does Sullivan/Wenger etc know the EXACT figure that we're getting?

Even though the figures have not been released to my knowledge?
Nowhere have I seen the figures published, except speculation from newspapers/tv

They're under the impression we've copied Arsenal's STADIUM naming rights deal which brings them in about £10m a season, under our deal it brings in (if it is indeed £400m) £40m a season but that just doesn't cover the stadium, it covers the land around it and the new training ground, it's a completely fair deal when it's broken down.

These people complaining aren't seeing the bigger picture. It also proves that the FFP rules were designed to safe guard the elite clubs in Europe, they slept comfortably at night under the impression little City would be stopped but now it's become apparent we have found a way to comply with them and still compete they're all kicking up a fuss and complaining.

The £10M was for shirt sponsorship and Stadium name IIRC. And that was in 2006 when values were a lot less. Basically Emirates got a good deal and their CEO has even admitted that in the last few weeks, but he says that's the way it goes in business deals. Unlucky Arsenal, you undervalued yourselves!

Onwards and upwards!

 

[Citizen Green]

£15m stadium naming rights p/y
£15m shirt sponsorship p/y
£10m "Etihad Campus" sponsorship p/y

£40m a year, £400m over 10 years, perfectly within the FFP rules.

 

[beatyswollocks]

Just saw the interview with Sullivan. Embarrassingly bitter and needs to grow up. I'm sure Garry Cook and Manchester City FC have cleared all of the deal's financial figures and accountability. As much as I am fond of the hammers, Sullivan can lumber in the championship for many years for all I care.

 

[persvenality cult]

What I'm confused about is this..... How does Sullivan/Wenger etc know the EXACT figure that we're getting?

Even though the figures have not been released to my knowledge?
Nowhere have I seen the figures published, except speculation from newspapers/tv

They're under the impression we've copied Arsenal's STADIUM naming rights deal which brings them in about £10m a season, under our deal it brings in (if it is indeed £400m) £40m a season but that just doesn't cover the stadium, it covers the land around it and the new training ground, it's a completely fair deal when it's broken down.

These people complaining aren't seeing the bigger picture. It also proves that the FFP rules were designed to safe guard the elite clubs in Europe, they slept comfortably at night under the impression little City would be stopped but now it's become apparent we have found a way to comply with them and still compete they're all kicking up a fuss and complaining.

It really doesn't prove anything more than that's what they hoped it was about. Having skimmed the rules a few times, if they were designed to stop serious investment, let alone protect the cartel, they are laughably hopeless.


One element of confusion seems to arise from the oft used phrase of 'fair market value'. Some seem to think that this means that other deals with football clubs provide an objective 'limit' for the value of a sponsorship deal. Aside from that being a rather distorted definition of 'market value'... the term used in the regulations is 'fair value', a different concept, as explained by the International Value Standardisation Committee;

As the term is generally used, Fair Value can be clearly distinguished from Market Value. It requires the assessment of the price that is fair between two specific parties taking into account the respective advantages or disadvantages that each will gain from the transaction. Although Market Value may meet these criteria, this is not necessarily always the case. Fair Value is frequently used when undertaking due diligence in corporate transactions, where particular synergies between the two parties may mean that the price that is fair between them is higher than the price that might be obtainable in the wider market. In other words Special Value may be generated. Market Value requires this element of Special Value to be disregarded, but it forms part of the assessment of Fair Value.

In short, 'Fair Value' includes a subjective element, recognising that one person's utility is another's worthlessness. I think that's important for City and Etihad because they will not find another club where Abu Dhabi is mentioned every five minutes. And as our success increases the 'utility' of the sponsorship, I'd argue that it would be reasonable for them to pay a premium that helps ensure that success.

What FFPR will be effective at doing is stopping people from hiding shady dealings and thoughtless or risky plans.

 

[BobKowalski]

You have to admit that David Sullivan tut-tutting over the City deal is pure comedy gold against the backdrop of the footballing and commercial success that was their first season in charge of WHU.

Their fans must cringe everytime the 'Burke and Hare' of Football Club owners appear on TV. Which is about 3 times a day or when SSN can't get hold of Redknapp

 

[samharris]

Well that backfired didn't it ssn?

We'll never see that chap on again after saying it's a perfectly acceptable deal.

Love sullivans suggestion to re-name upton park the Ann summers stadium.(saw David golds daughters on a show last week and they looked like filth too,prob appearing in daddys magazines,just to add)

If they re-name and they get good crowds does this mean the place will VIBRATE!!

Corset will.

The new hammers matchday programme now has a readers wives section.

 

[1_barry_conlon]

Can't we just give the money back?

Or give it to a worthy charity.

That way everyone will love us again.

Hear hear. Do you know how many hospitals and schools could have been built with the amount of money pumped into City?

Because we all know that other clubs have been so benevolent in building hospitals and schools around the country. Well they must have because we keep hearing this comparison from people!

 

[Citizen Green]

You have to feel for West Ham as they're a top club, but just like Birmingham they will be nothing more than a yo-yo club with those two clowns in charge.

 

[Rammyblues]

Because of the unique bid we could have got 600m per year and it would still have complied IMO. Jealousy.