Martin Samuel on Jose/FFP

[waspish]

From the article:



What does he mean here? Who has bought the rights?

Not sure but it's something to do with our other clubs our owners bought as in they are paying for scouts and all the informations that mcfc have

But we know about those already and they were disclosed as related party transactions together with who they were sold to.

The details of the other £24.5m sale of IP rights weren't disclosed though as it wasn't a related party transaction so I guess this is the one he was talking about. It could be something to do with the collar site and the centre-piece leisure attraction.

Thanks for putting right, like I said I wasn't sure..

 

[bernabias home shirt]

He batted our corner well there did Mr Samuel.

 

[Damocles]

I just don't buy this "sold NYCFC/MHFC branding" theory.

There are a few points to mention about this.

MCFC sold City Football Marketing intangible assets for the total of £11.5m.

MCFC sold City Football Services intangible assets for £10.8m

MCFC also sold intellectual property to a completely unrelated third party for around £25m.

Something that nobody seems to have mentioned is that we have also declared City Football Marketing as a debtor for £14.2m and City Football Services for £13.1m to be paid within a year

That is the extent to which anybody knows, everything else is an educated (and sometimes uneducated) guess. When people claim that we are selling rights to NYCFC and MHFC they are claiming that those two £11m transactions where for the purposes of branding those clubs. Here's my problem with this; these accounts run up to 31 May 2013. We didn't even own Melbourne Heart at this point in time and we were officially announced as the MLS new franchise maybe a week before this, something that we bought for $100m (of which we presumably stumped up $80m).

Something that I feel is important to mention is that Manchester City are the owners of NYCFC, not ADUG or Sheikh Mansour.

Essentially, we've sold intangible assets to one subsidiary (Marketing) to the value of £25.9m and the other (Services) for £23.9m. This leads to just over £49.9m.

There's no way we've sold almost exactly £50m of intellectual property rights and technical services to NYCFC. We literally only paid £55m for the entire club.

I still think this is unexplained as an income

 

[aguero93:20]

I just don't buy this "sold NYCFC/MHFC branding" theory.

There are a few points to mention about this.

MCFC sold City Football Marketing intangible assets for the total of £11.5m.

MCFC sold City Football Services intangible assets for £10.8m

MCFC also sold intellectual property to a completely unrelated third party for around £25m.

Something that nobody seems to have mentioned is that we have also declared City Football Marketing as a debtor for £14.2m and City Football Services for £13.1m to be paid within a year

That is the extent to which anybody knows, everything else is an educated (and sometimes uneducated) guess. When people claim that we are selling rights to NYCFC and MHFC they are claiming that those two £11m transactions where for the purposes of branding those clubs. Here's my problem with this; these accounts run up to 31 May 2013. We didn't even own Melbourne Heart at this point in time and we were officially announced as the MLS new franchise maybe a week before this, something that we bought for $100m (of which we presumably stumped up $80m).

Something that I feel is important to mention is that Manchester City are the owners of NYCFC, not ADUG or Sheikh Mansour.

Essentially, we've sold intangible assets to one subsidiary (Marketing) to the value of £25.9m and the other (Services) for £23.9m. This leads to just over £49.9m.

There's no way we've sold almost exactly £50m of intellectual property rights and technical services to NYCFC. We literally only paid £55m for the entire club.

I still think this is unexplained as an income

the debtors figure probably isn't a seperate transaction looking at that damocles, it looks like a neither had paid the amount in the rpt section and that amount was added onto a preexisting debt.

 

[toffee balls]

Disneyland Manchester sounds good, I'll go!

Are you a Rag , you could go every other week pal.

 

[fbloke]

I just don't buy this "sold NYCFC/MHFC branding" theory.

There are a few points to mention about this.

MCFC sold City Football Marketing intangible assets for the total of £11.5m.

MCFC sold City Football Services intangible assets for £10.8m

MCFC also sold intellectual property to a completely unrelated third party for around £25m.

Something that nobody seems to have mentioned is that we have also declared City Football Marketing as a debtor for £14.2m and City Football Services for £13.1m to be paid within a year

That is the extent to which anybody knows, everything else is an educated (and sometimes uneducated) guess. When people claim that we are selling rights to NYCFC and MHFC they are claiming that those two £11m transactions where for the purposes of branding those clubs. Here's my problem with this; these accounts run up to 31 May 2013. We didn't even own Melbourne Heart at this point in time and we were officially announced as the MLS new franchise maybe a week before this, something that we bought for $100m (of which we presumably stumped up $80m).

Something that I feel is important to mention is that Manchester City are the owners of NYCFC, not ADUG or Sheikh Mansour.

Essentially, we've sold intangible assets to one subsidiary (Marketing) to the value of £25.9m and the other (Services) for £23.9m. This leads to just over £49.9m.

There's no way we've sold almost exactly £50m of intellectual property rights and technical services to NYCFC. We literally only paid £55m for the entire club.

I still think this is unexplained as an income

the debtors figure probably isn't a seperate transaction looking at that damocles, it looks like a neither had paid the amount in the rpt section and that amount was added onto a preexisting debt.

This is the issue with people guessing at the contents of what are abbreviated accounts. Be they educated or wild and crazy they are still guesses.

 

[JoeMercer'sWay]

I love Samuel, Sheikh Mansour and our club should give him a pedestal to spout his fountain of knowledge, reason and objectivity.

 

[aguero93:20]

Disneyland Manchester sounds good, I'll go!

Are you a Rag , you could go every other week pal.

arsehole! that's moyesneyland!

 

[Prestwich_Blue]

I just don't buy this "sold NYCFC/MHFC branding" theory.

There are a few points to mention about this.

MCFC sold City Football Marketing intangible assets for the total of £11.5m.

MCFC sold City Football Services intangible assets for £10.8m

MCFC also sold intellectual property to a completely unrelated third party for around £25m.

Something that nobody seems to have mentioned is that we have also declared City Football Marketing as a debtor for £14.2m and City Football Services for £13.1m to be paid within a year

That is the extent to which anybody knows, everything else is an educated (and sometimes uneducated) guess. When people claim that we are selling rights to NYCFC and MHFC they are claiming that those two £11m transactions where for the purposes of branding those clubs. Here's my problem with this; these accounts run up to 31 May 2013. We didn't even own Melbourne Heart at this point in time and we were officially announced as the MLS new franchise maybe a week before this, something that we bought for $100m (of which we presumably stumped up $80m).

Something that I feel is important to mention is that Manchester City are the owners of NYCFC, not ADUG or Sheikh Mansour.

Essentially, we've sold intangible assets to one subsidiary (Marketing) to the value of £25.9m and the other (Services) for £23.9m. This leads to just over £49.9m.

There's no way we've sold almost exactly £50m of intellectual property rights and technical services to NYCFC. We literally only paid £55m for the entire club.

I still think this is unexplained as an income

I think you've double counted Damo. We've sold something like £22.5m of IP rights in total to the other two companies who I assume will be providing centralised services to the various clubs we've bought (including the Ladies team I would imagine). £11,566,000 to City Football Marketing Limited and £10,887,000 to City Football Services Ltd. That totals £22,453,000.

Petrusha described these as Cost Sharing Arrangements in his post, and they're apparently an alternative to paying royalties under licence. To get past the taxman, they have to be very carefully calculated so I'm confident they'll pass UEFA scrutiny.

It's the other transaction, the sale for £24.5m to an unnamed, non-related third party that we don't know much about but this seems to relate to some sort of branding/marketing rights sale. I had assumed it was a way to get some cash to meet FFP but from what Samuel says, it has a greater significance possibly.

 

[BlueDejong]

I just don't buy this "sold NYCFC/MHFC branding" theory.

There are a few points to mention about this.

MCFC sold City Football Marketing intangible assets for the total of £11.5m.

MCFC sold City Football Services intangible assets for £10.8m

MCFC also sold intellectual property to a completely unrelated third party for around £25m.

Something that nobody seems to have mentioned is that we have also declared City Football Marketing as a debtor for £14.2m and City Football Services for £13.1m to be paid within a year

That is the extent to which anybody knows, everything else is an educated (and sometimes uneducated) guess. When people claim that we are selling rights to NYCFC and MHFC they are claiming that those two £11m transactions where for the purposes of branding those clubs. Here's my problem with this; these accounts run up to 31 May 2013. We didn't even own Melbourne Heart at this point in time and we were officially announced as the MLS new franchise maybe a week before this, something that we bought for $100m (of which we presumably stumped up $80m).

Something that I feel is important to mention is that Manchester City are the owners of NYCFC, not ADUG or Sheikh Mansour.

Essentially, we've sold intangible assets to one subsidiary (Marketing) to the value of £25.9m and the other (Services) for £23.9m. This leads to just over £49.9m.

There's no way we've sold almost exactly £50m of intellectual property rights and technical services to NYCFC. We literally only paid £55m for the entire club.

I still think this is unexplained as an income

Maybe related with New York Yankees & YES Network..?