PL charge City for alleged breaches of financial rules

[KS55]

As I understand it, CAS determined that Etihad is not a related party? (An easy determination to make, since there are objective tests as to whether a party is related or not.)

If that is indeed the case, then Etihad as an unrelated party pays what it likes and that is by definition is fair value, i.e. A sponsorship deal is only worth what someone is prepared to pay for it, and provided they are an unrelated party, whatever they are prepared to pay, is fair value. We could get a sponsorship deal from Elon Musk for £10bn a year and that would be fair value, if Musk was daft enough to pay it.

Bottom line is, provided Etihad is deemed a non-related party, they can pay us what on earth they like and there is fuck all the PL or anyone else can do about it.

Under the new PL rules, the PL could decide Etihad is “associated” which is their new term coined to get at us. IAS24 does not need to be applicable. PL has not defined what “associated” means. They will decide on a case by case basis. Ha!

 

[dadnlad]

Bottom line is, provided Etihad is deemed a non-related party, they can pay us what on earth they like and there is fuck all the PL or anyone else can do about it.

but just what was the losing bid

clear n obvious

 

[NMB]

Something is worth what somebody values it at. On our last game at Maine Road I paid £150 for a ticket. Shit game and pretty average end of match entertainment but I had to be there because it had been a huge part of my life and I'd never be there or see it again. Some people said I was mad paying so much but for me it was worth every penny.

Whoever has sponsored us has had terrific value for money given our success. They were given a vision, saw the potential and thought, "I'm having some of that." They are clutching at straws.

Exactly. We have the best players, best manager, best facilities, best lawyers etc. Is it such a stretch to believe that we don’t have the best salesmen selling our sponsorship?

 

[LeonardoDaVnci]

Under the new PL rules, the PL could decide Etihad is “associated” which is their new term coined to get at us. IAS24 does not need to be applicable. PL has not defined what “associated” means. They will decide on a case by case basis. Ha!

You can see the future legal disputes for years and years ahead, it will become the norm, boring, tedious and only dragged up on slow news days. The partners of Mockton Chambers and Bird & Bird are probably using their day off to spend the vast amounts of money thrown at them by MCFC and the PL (soon to be followed by NUFC)…

Ive got some business to attend to in Istanbul and need to start packing my suitcase, Good Luck Blues…

 

[JRockBlues]

Objection ;)

 

[richards30]

Surely now though we are successful enough to not need etihad and can find other huge sponsors? Silver lake must know huge and wealthy companies who would want to be associated with us?! We also have Chinese investors and a bloody Chinese club ownership don’t we do we must have contacts?

 

[citizen_maine]

Surely now though we are successful enough to not need etihad and can find other huge sponsors? Silver lake must know huge and wealthy companies who would want to be associated with us?! We also have Chinese investors and a bloody Chinese club ownership don’t we do we must have contacts?

Of course we are. Why should we have to though?

 

[waspish]

Surely now though we are successful enough to not need etihad and can find other huge sponsors? Silver lake must know huge and wealthy companies who would want to be associated with us?! We also have Chinese investors and a bloody Chinese club ownership don’t we do we must have contacts?

Agree we will have massive companies queuing up to have there name on the front of our shirts! But why should a company who wants to advertise there brand because it has been so good for them, can’t they sponsor us for as much as they want too..?

 

[LesBleuMiserable]

Of course we are. Why should we have to though?

Agreed. Why should we bin the organisations that have been instrumental to our growth

 

[KS55]

Surely now though we are successful enough to not need etihad and can find other huge sponsors? Silver lake must know huge and wealthy companies who would want to be associated with us?! We also have Chinese investors and a bloody Chinese club ownership don’t we do we must have contacts?

We started to look for a replacement for Etihad but covid got in the way. We planned to split Stadium naming from Shirt front.
We no longer have Chinese shareholders (apart from a vestigial holding) as the Chinese gov told companies to reduce involvement with PL clubs. Silver lake effectively bought their shares.
Mansour 77%, Silver lake 23%.