Exeter Blue I am here
Well-Known Member
Bingo!Because they don't challenge the cartel clubs
Bingo!Because they don't challenge the cartel clubs
Which is probably nearer the truth and anything else... unfortunately.Because they don't challenge the cartel clubs
Just seen this how are Leicester allowed to be owned and sponsored by the same company ?
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rick parry say's HiBeat me to that, so I had to come up with a sensible answer!
That's a good question that hinges on who is an isn't a related party. In accountancy standards that's defined as someone who owns, is a major shareholder in , or has significant influence over a business, or is a close relative of such a person.
It could be argued that Sheikh Mohammed bin Zayed, a full brother of Sheikh Mansour, is such a person with regard to Etihad. So, could he say to Etihad's management "Fund this sponsorship"? I suspect he could, so it's possible that Sheikh Mansour could be classed as a lclose relative" and therefore potentially Etihad could be deemed a related party to City. I suspect that's unlikely though.
If Sheikh Mansour was an Executive Director of Etihad, then they'd probably be classed as a related party. In that case, as long as the sponsorship was deemed fair value, there's no issue at all. Had he done that, then as long as we declared Etihad to be a related party, then there would have been no issue.
If, on the other hand, he has no role or influence in the day-to-day business of Etihad, then they're unlikely to be classed as a related party. But if he then personally funds the sponsorship then that classed a disguised owner investment, which is against FFP rules, even if it's fair value.
Now all commercial deals in excess of £1m have to pass the PL's fair value test, plus we know from CAS (which I'd long known) that the Etihad sponsorship wasn't funded by Sheikh Mansour.
Bit like Leeds when they nearly went under. None of the cartel cared to mention ffp then, because they were no longer considered a rivalBecause they don't challenge the cartel clubs
Same as the Rags, no indication they were being investigated, no list of failures or charges, just a statement and token fine after they were found to be guilty of breaking the rules with the press desperate to include the words “minor breach” re the Rags even though no ne knows the figures
That's a good question that hinges on who is an isn't a related party. In accountancy standards that's defined as someone who owns, is a major shareholder in , or has significant influence over a business, or is a close relative of such a person.
It could be argued that Sheikh Mohammed bin Zayed, a full brother of Sheikh Mansour, is such a person with regard to Etihad. So, could he say to Etihad's management "Fund this sponsorship"? I suspect he could, so it's possible that Sheikh Mansour could be classed as a lclose relative" and therefore potentially Etihad could be deemed a related party to City. I suspect that's unlikely though.
If Sheikh Mansour was an Executive Director of Etihad, then they'd probably be classed as a related party. In that case, as long as the sponsorship was deemed fair value, there's no issue at all. Had he done that, then as long as we declared Etihad to be a related party, then there would have been no issue.
If, on the other hand, he has no role or influence in the day-to-day business of Etihad, then they're unlikely to be classed as a related party. But if he then personally funds the sponsorship then that classed a disguised owner investment, which is against FFP rules, even if it's fair value.
Now all commercial deals in excess of £1m have to pass the PL's fair value test, plus we know from CAS (which I'd long known) that the Etihad sponsorship wasn't funded by Sheikh Mansour.