Pigeonho
Well-Known Member
We'll keep that between us. ;-)Project said:
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We're the 11th richest club in world (based on revenue)
- Thread starter LoveCity
- Start date
Bluemoon115
Well-Known Member
Doesn't mater who or how we're getting the money. It's on the balance sheet as outside investment, therefore those lovely folk at UEFA won't be able to touch us.Project said:Pigeonho said:Well i'd rather be 11th on revenue than everyone saying its only because we are bankrolled.
That's kind of the point - it is bankrolled. Deals with Etihad, Etisalat, Ferrostaal... these are all UAE government controlled companies.
Bluemoon115 said:Doesn't mater who or how we're getting the money. It's on the balance sheet as outside investment, therefore those lovely folk at UEFA won't be able to touch us.Project said:That's kind of the point - it is bankrolled. Deals with Etihad, Etisalat, Ferrostaal... these are all UAE government controlled companies.
Not true. There is no way any deals with the three I mentioned wouldn't be tested for "fair value."
They will be allowed, as the deals themselves aren't out of the ordinary and are dwarfed in size by other deals at the likes of United and Barcelona. So for that reason alone they will be permitted by UEFA, and not because it's on the balance sheet as "outside investment". Clearly they are transactions with related parties, and will be scrutinised.
Bluemoon115
Well-Known Member
Well of course, the accountants will have long since worked out what would be considered "fair value" before the deals were ratified. But the point I was trying to make is that the fact that it's coming from a third party, and not the Sheik's HSBC account, means that it still helps the fight against the rules. And that even though as you say, they are all in effect his organisations, the money still gets around the rules.Project said:Bluemoon115 said:Doesn't mater who or how we're getting the money. It's on the balance sheet as outside investment, therefore those lovely folk at UEFA won't be able to touch us.
Not true. There is no way any deals with the three I mentioned wouldn't be tested for "fair value."
They will be allowed, as the deals themselves aren't out of the ordinary and are dwarfed in size by other deals at the likes of United and Barcelona. So for that reason alone they will be permitted by UEFA, and not because it's on the balance sheet as "outside investment". Clearly they are transactions with related parties, and will be scrutinised.
M18CTID
Well-Known Member
Project said:Bluemoon115 said:Doesn't mater who or how we're getting the money. It's on the balance sheet as outside investment, therefore those lovely folk at UEFA won't be able to touch us.
Not true. There is no way any deals with the three I mentioned wouldn't be tested for "fair value."
They will be allowed, as the deals themselves aren't out of the ordinary and are dwarfed in size by other deals at the likes of United and Barcelona. So for that reason alone they will be permitted by UEFA, and not because it's on the balance sheet as "outside investment". Clearly they are transactions with related parties, and will be scrutinised.
You've said it yourself - they're fair value/arms length so it isn't an issue, regardless of who is pumping the money in and therefore isn't worthy of criticism.
I'll also add that there is no limit to the amount of fair value/arms length contracts a club can have. And assuming City can keep moving forwards on the pitch and secure CL football you can bet that there will be plenty more companies wanting to forge an association with us, many of whom won't have any connection to our owner.
I'm not criticising it - just stating that the 43% increase in income isn't organic, so we need to be careful labelling the results with superlatives. As we become successful and build out SportCity that will of course change. But for now the Deloitte league is relatively meaningless for us.M18CTID said:Project said:Not true. There is no way any deals with the three I mentioned wouldn't be tested for "fair value."
They will be allowed, as the deals themselves aren't out of the ordinary and are dwarfed in size by other deals at the likes of United and Barcelona. So for that reason alone they will be permitted by UEFA, and not because it's on the balance sheet as "outside investment". Clearly they are transactions with related parties, and will be scrutinised.
You've said it yourself - they're fair value/arms length so it isn't an issue, regardless of who is pumping the money in and therefore isn't worthy of criticism.
I'll also add that there is no limit to the amount of fair value/arms length contracts a club can have. And assuming City can keep moving forwards on the pitch and secure CL football you can bet that there will be plenty more companies wanting to forge an association with us, many of whom won't have any connection to our owner.
Bluemoon115
Well-Known Member
Yeah.Project said:I'm not criticising it - just stating that the 43% increase in income isn't organic, so we need to be careful labelling the results with superlatives. As we become successful and build out SportCity that will of course change. But for now the Deloitte league is relatively meaningless for us.M18CTID said:You've said it yourself - they're fair value/arms length so it isn't an issue, regardless of who is pumping the money in and therefore isn't worthy of criticism.
I'll also add that there is no limit to the amount of fair value/arms length contracts a club can have. And assuming City can keep moving forwards on the pitch and secure CL football you can bet that there will be plenty more companies wanting to forge an association with us, many of whom won't have any connection to our owner.
My point was that although in real terms we all know it's bollocks, there's sod all UEFA can do about it :)
Project said:Bluemoon115 said:Doesn't mater who or how we're getting the money. It's on the balance sheet as outside investment, therefore those lovely folk at UEFA won't be able to touch us.
Not true. There is no way any deals with the three I mentioned wouldn't be tested for "fair value."
They will be allowed, as the deals themselves aren't out of the ordinary and are dwarfed in size by other deals at the likes of United and Barcelona. So for that reason alone they will be permitted by UEFA, and not because it's on the balance sheet as "outside investment". Clearly they are transactions with related parties, and will be scrutinised.
If Barca can sign a new shirt sponsorship deal for £165 million over 5 years theres nothing stopping us doing something similar.But not just shirt sponsorship,the naming rights for the stadium as well.
We are moving along nicely with our increased revenue and thats without CL football.
The future is definitely blue
If you have kept an eye on the Las Vegas thread you will have noted a few examples of how things are going to make this increase look like chicken feed.
Sit back, enjoy the news that I guess will come out within 4 months (if not sooner) of more, massive deals with existing and new sponsors.
I can just picture Platini meeting with his FFPR team and with a Gallic shrug of the shoulders saying
"Well I dont know what more we can to do. £200m a year in sponsorships how did they manage that?"
Sit back, enjoy the news that I guess will come out within 4 months (if not sooner) of more, massive deals with existing and new sponsors.
I can just picture Platini meeting with his FFPR team and with a Gallic shrug of the shoulders saying
"Well I dont know what more we can to do. £200m a year in sponsorships how did they manage that?"
M18CTID
Well-Known Member
Project said:I'm not criticising it - just stating that the 43% increase in income isn't organic, so we need to be careful labelling the results with superlatives. As we become successful and build out SportCity that will of course change. But for now the Deloitte league is relatively meaningless for us.M18CTID said:You've said it yourself - they're fair value/arms length so it isn't an issue, regardless of who is pumping the money in and therefore isn't worthy of criticism.
I'll also add that there is no limit to the amount of fair value/arms length contracts a club can have. And assuming City can keep moving forwards on the pitch and secure CL football you can bet that there will be plenty more companies wanting to forge an association with us, many of whom won't have any connection to our owner.
Fair enough but I'll counter by saying that I doubt City are the only club that pulls in a percentage of commercial revenue from "friendly" companies.
I don't think the Deloitte report can be dismissed totally out of hand - our revenue has increased far more than many other clubs and it isn't in breach of UEFA's impending rules which is hugely significant.