Joe. Posted 16 August 2011 Posted 16 August 2011 So In June the Football League voted in principle to adhere to UEFA's financial fair play rules. Saw an article on BBC Sport today which talks about Man City's new sponsorship deal being scrutinised by the man at the top of this thing. Isn't this essentially what we're doing? Not sure how it might affect us in the not-too-distant future (next season and onwards).
Jace Posted 16 August 2011 Posted 16 August 2011 this law hasnt been enforced in the football league its only the champions league so theres no need to hide the investment within the king power sponsorship any chairman can invest whatever they like into a championship team at the moment the club doesnt need to break even unlike man city
Joe. Posted 16 August 2011 Author Posted 16 August 2011 Yeah I know the rules aren't in place yet, but they're coming at some point.
CosbehFox Posted 16 August 2011 Posted 16 August 2011 this law hasnt been enforced in the football league its only the champions league so theres no need to hide the investment within the king power sponsorship any chairman can invest whatever they like into a championship team at the moment the club doesnt need to break even unlike man city http://www.guardian.co.uk/football/2011/jun/10/football-league-uefa-fair-play Matter of time. Starts from next season.
Jace Posted 16 August 2011 Posted 16 August 2011 I think they are looking to enforce it in a year or 2 buddy wherever this will happen or not I dunno because its quite a flawed rule what man city have doine is just 1 possible loop hole but its not what we are doing at the moment as there is no reason for the clubs funding to come through sponsorship, at the moment if anything that could result in more coperate tax for the owners so would be pointless for the funds to be via sponsorship
Ashley Posted 16 August 2011 Posted 16 August 2011 To be honest what Manchester City have done is clever, should we also do this we are too. I don't argree with the money some players are on however if a club has money to spend let them, there should just be a wage cap if you ask me.
davieG Posted 16 August 2011 Posted 16 August 2011 Sort of relevant. Manchester United's owners the Glazer family are considering a share sale in Singapore to help raise money to reduce some of their debts. The BBC's sports editor David Bond says an initial public offering (IPO) is one of a number of refinancing options the American family is examining. But, he says, they are only considering selling a minority stake - perhaps no more than 25%. If successful, such a move could raise £400m ($657m). The Old Trafford club was listed on the London stock market until it was taken over by the Glazers in 2005. A partial sale share would mean that no outside person could take control of the club, while also providing the Glazers with much needed revenues towards paying of the club's debt. United has more than 300 million fans around the world and more than 190 million in Asia. The region has become a growth area for the club and other Premier League teams. Manchester United and its chief executive David Gill have not commented on the issue.
Hollism94 Posted 16 August 2011 Posted 16 August 2011 Haven't King Power only got a 1-year deal on the stadium rights though? I guess the legal team that wrote these rules didn't write it clearly enough, otherwise we'd know by now if it was allowed. Man City signed their deal with Etihad a few weeks ago, but no one really know if it's legal or not.
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