sir baconface
Well-Known Member
https://www.theguardian.com/footbal...nvestigation-into-abu-dhabi-sponsors-football
This is our friend Conn’s latest article.
He argues that UEFA were duped about Etihad being able to fund the sponsorship deal. He alleges that, in the event, Sheikh Monsour covered the debt.
Consequently, according to Conn, Etihad should now be treated as a ”related party” and the fair value of the sponsorship subjected to scrutiny.
If re-valued downwards, that would affect our accounts on an ongoing basis, not just up to 2016. He’s raising this as a new spectre.
In effect it’s a slightly re-packaged frightener on his part, not based on new evidence or revelations.
That’s my take FWIW.
This is our friend Conn’s latest article.
He argues that UEFA were duped about Etihad being able to fund the sponsorship deal. He alleges that, in the event, Sheikh Monsour covered the debt.
Consequently, according to Conn, Etihad should now be treated as a ”related party” and the fair value of the sponsorship subjected to scrutiny.
If re-valued downwards, that would affect our accounts on an ongoing basis, not just up to 2016. He’s raising this as a new spectre.
In effect it’s a slightly re-packaged frightener on his part, not based on new evidence or revelations.
That’s my take FWIW.
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