MillionMilesAway
Well-Known Member
Yeah it's on the MUen also says club have budgeted to reach quarter finals of Champions League...so Sevilla might not be too impressed either.
That latter bit is ok if the budgeting was done in July.
Yeah it's on the MUen also says club have budgeted to reach quarter finals of Champions League...so Sevilla might not be too impressed either.
Just had an interesting conversation about this on Twitter with someone who seems to know what he's talking about. When Adidas paid them £75m up-front, there was a sales target to achieve before they got any additional revenue from shirt sales. So Adidas basically said they wouldn't get a percentage from shirt sales until they achieve 10m sold (for example) and they reckoned that might take the whole 10 years of the contract (or less maybe).He fails to mention they get no extra revenue for those shirt sales.
They have also progressed in the knock out stages of Champions League...so have they officially beat Sevilla.
In the 6th round of F A Cup so they have beaten Huddersfield ...does Wooden Ed have a crystal ball or are referees under orders to ensure they progress.
Just had an interesting conversation about this on Twitter with someone who seems to know what he's talking about. When Adidas paid them £75m up-front, there was a sales target to achieve before they got any additional revenue from shirt sales. So Adidas basically said they wouldn't get a percentage from shirt sales until they achieve 10m sold (for example) and they reckoned that might take the whole 10 years of the contract (or less maybe).
It seems they've released a load of retro shirts to help them meet the target and they've achieved it ahead of schedule. That means they now get their 10% or whatever for each shirt sold. That sounds impressive on one level but just reinforces my belief that to a large degree they're running to stand still financially.
We'll know when they're desperate when they flog the swamps naming rights.
To be honest I'm amazed they haven't done it anyway. Must be worth a fortune.