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Mags selling their stadium to themselves


PTR said:
So the stadium was already owned by the sauidis via the company they created to buy the whole club, and they've just sold the stadium to another company they created purely for this purpose.
Same owners, same bloody name on the company. Yet somehow this is perceived as revenue to the club-company without any according loss of value on the balance sheet?

That's just cheating, surely?
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No it isn’t cheating, which is what I have the biggest issue with.
It is simply another loophole, in a long line of loopholes, being exploited.
There needs to be a far simpler method of ensuring all clubs adhere to the rules. Either they are ill thought out or they are not fit for purpose. Massive contract length, selling woman’s teams to themselves, selling hotels to themselves, selling a lease to themselves. It is one loophole after another.
FFP / PSR was, I believe, brought in to protect the financial health of football clubs. An attempt to ensure the long-term financial security of football clubs. That isn't what is happening in my opinion.
oddbod said:
It stinks ! and how the fek do they get away with it?
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It does, indeed, stink.
They get away with it because there is no law saying they can’t do it.
 
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Biffo The Bear said:
No it isn’t cheating, which is what I have the biggest issue with.
It is simply another loophole, in a long line of loopholes, being exploited.
There needs to be a far simpler method of ensuring all clubs adhere to the rules. Either they are ill thought out or they are not fit for purpose. Massive contract length, selling woman’s teams to themselves, selling hotels to themselves, selling a lease to themselves. It is one loophole after another.
FFP / PSR was, I believe, brought in to protect the financial health of football clubs. An attempt to ensure the long-term financial security of football clubs. That isn't what is happening in my opinion.

It does, indeed, stink.
They get away with it because there is no law saying they can’t do it.
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And the honest truth is the main reason there are no enforced rules or laws to ensure football clubs are run as long term secure businesses and community assets is that there are far too many vested interests that simply do not want that to happen

From corrupt fat cats at Fifa, Uefa, Afcon etc downwards

From agents on 10% of whatever they can force clubs to pay for elite talent on their books

From players aware they have 10-12 years to make themselves mega rich and who have little emotional commitment to clubs they may well have never heard of as a child

From advertisers keen to associate their crap unhealthy food or gambling addictions with an international obsessive entertainment reel

From murderous dictators wanting a large smokescreen behind which to hide whippings and beheadings

All this corruption is ruining the game in our country

How many times have Man City won the league in the last few years? Is it still a meaningful contest?

The result of the 115 Man City charges will be telling….not expecting a return to sanity though unfortunately
 
I know nothing about these things and don’t know if it’s already been mentioned, but does the land leaseholder also own the property on the land? If so, and the ground eventually gets sponsored, does that sponsorship money go to the leaseholder?
 
contrarian said:
Transactions between subsidiaries of holding companies is, under corporate law and regulations, legal and commonplace
Govts rubber stamp these arrangements
We would be naive to think that NUFC are only ones doing this , and even more naive to think KLD and pals wouldnt partake in the same if there was a financial advantage for them and the club to do so
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We?
 
This genuinely isn't a piss take but if you were just about to build a £200m "best in class" training ground why would you sign a multi year "transformative" sponsorship deal of your current training ground?
 
krisread said:
This genuinely isn't a piss take but if you were just about to build a £200m "best in class" training ground why would you sign a multi year "transformative" sponsorship deal of your current training ground?
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Em maybe because they're not building a new training ground.🤔
Or a new shit tip for that matter, the Saudi hoop lickers (also known as journalists) just tell them what they want to ear.
 
Binxy said:
:DEm maybe because they're not building a new training ground.🤔
Or a new shit tip for that matter, the Saudi hoop lickers (also known as journalists) just tell them what they want to ear.
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I have just been working for painting contractors and one of the lads was transferred from the job I was on to the "training ground at Benton" to do some painting there. Why would you be painting the training ground if you were moving to a new one?
 
McMackem said:
"New deal paves way for new ground" (showing years old pictures). The journalists are trying to make it look like new investment rather than a paper exercise. Playing into the delusion, but the future is no longer looking as Rosy, drenched in blood for what?
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Selling their ground has saved them from a points deduction which would have put them right in the relegation fight which is where they were prior the Saudi takeover. Pretty much means they have had to use their ground to improve their position and the additional £1 billion investment has gone to waste.
They are likely to get a large fine from UEFA for failing their financial rules this season and will also fail if they qualify in the next years unless they significantly cut their costs and sell their best players, pretty much weakening them and putting them at further risk of relegation.
 
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joop said:
Selling their ground has saved them from a points deduction which would have put them right in the relegation fight which is where they were prior the Saudi takeover. Pretty much means they have had to use their ground to improve their position and the additional £1 billion investment has gone to waste.
They are likely to get a large fine from UEFA for failing their financial rules this season and will also fail if they qualify in the next years unless they significantly cut their costs and sell their best players, pretty much weakening them and putting them at further risk of relegation.
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😁 Music to my ears
 
clown mag reporter on tertal spert just now laughing off 55million for Gordon from Bayern

Cos of all his goalls and everything he has won since they paid 45m for him 3 years ago!!!!
pablo casals said:
clown mag reporter on tertal spert just now laughing off 55million for Gordon from Bayern

Cos of all his goalls and everything he has won since they paid 45m for him 3 years ago!!!!
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saying should be 100m


6 league goals this season and last
 
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