1964 Posted November 24, 2021 Share Posted November 24, 2021 18 hours ago, FloydianMag said: So the Crown They don't, ownership of all HMRC buildings were moved to the private sector under PFI, about 15 years ago Link to post Share on other sites More sharing options...
MagCA Posted November 24, 2021 Share Posted November 24, 2021 More money invested? Link to post Share on other sites More sharing options...
Sima Posted November 24, 2021 Share Posted November 24, 2021 Possibly a crossover as it’s the same amount? Link to post Share on other sites More sharing options...
manorpark Posted November 24, 2021 Share Posted November 24, 2021 11 hours ago, 1964 said: They don't, ownership of all HMRC buildings were moved to the private sector under PFI, about 15 years ago I worked in the Estates team for HMRC, and all HMRC buildings (HMCE and IR, as they were then) were sold to Mapeley PLC in 2001 . . . except for the huge BPV site, they have never been owned by Mapeley they still remained Crown owned. Link to post Share on other sites More sharing options...
MagCA Posted November 24, 2021 Share Posted November 24, 2021 3 minutes ago, Sima said: Possibly a crossover as it’s the same amount? Maybe. Newcastle United limited is a mess on CH - does any other club have about 40 different accounts? Link to post Share on other sites More sharing options...
prefabtoon Posted November 24, 2021 Share Posted November 24, 2021 Stop Press. The windows at St. James’ Park have been cleaned again under the new owners after 14 years of Ashley, Whats that song again. Johnny Nash "I Can See Clearly Now" Link to post Share on other sites More sharing options...
Awaymag Posted November 24, 2021 Share Posted November 24, 2021 Feel an announcement is coming.......... Link to post Share on other sites More sharing options...
Joey Linton Posted November 24, 2021 Share Posted November 24, 2021 2 hours ago, MagCA said: More money invested? Clearing Ashley's loans and giving the club a clean slate maybe? Link to post Share on other sites More sharing options...
Dr Jinx Posted November 24, 2021 Share Posted November 24, 2021 5 minutes ago, Joey Linton said: Clearing Ashley's loans and giving the club a clean slate maybe? Ashleys loan was covered in the 305m buying price, once that deal was concluded he cut his ties. Link to post Share on other sites More sharing options...
Joey Linton Posted November 24, 2021 Share Posted November 24, 2021 8 minutes ago, Dr Jinx said: Ashleys loan was covered in the 305m buying price, once that deal was concluded he cut his ties. Still needs getting rid of in the clubs accounts though doesn't it? Something has to come in somewhere to clear / replace it. Even if it's part of the 300m. Link to post Share on other sites More sharing options...
Abacus Posted November 25, 2021 Share Posted November 25, 2021 There's no new £77m and it has nothing to do with the loan. It's just a misunderstanding of what these filings mean, I think. Newcastle United Football Club Limited (NUFCL) own Newcastle United Limited (NUL). They aren't two separate companies getting separate amounts of extra money. You put £38.5m into NUFCL, and then it flows down into NUL. Twitter just then double counted it and made it £77m. That £38.5m was all to do with running costs, and it was something reported on a few weeks ago already. I might be wrong, and I certainly don't know the distance between Wrexham and Halifax so you're free to doubt me. But it would otherwise be a bit of a coincidence that the consortium can only work in multiples of £38.5m. All it is, is companies house filings catching up to stuff related to a few weeks ago. I reckon. Link to post Share on other sites More sharing options...
54 Posted November 25, 2021 Share Posted November 25, 2021 Spot on with everything he says here tbh. Link to post Share on other sites More sharing options...
Armchair Pundit Posted November 25, 2021 Share Posted November 25, 2021 When does the temporary sponsorship ban thing come to an end? And do we think the league have something more permanent lined up for when it expires? I'm hoping our owners have all this in hand and are ready. Link to post Share on other sites More sharing options...
FloydianMag Posted November 25, 2021 Share Posted November 25, 2021 Just now, Armchair Pundit said: When does the temporary sponsorship ban thing come to an end? And do we think the league have something more permanent lined up for when it expires? I'm hoping our owners have all this in hand and are ready. The end of this month I believe. Link to post Share on other sites More sharing options...
MagCA Posted November 25, 2021 Share Posted November 25, 2021 13 minutes ago, Armchair Pundit said: When does the temporary sponsorship ban thing come to an end? And do we think the league have something more permanent lined up for when it expires? I'm hoping our owners have all this in hand and are ready. Today Link to post Share on other sites More sharing options...
manorpark Posted November 25, 2021 Share Posted November 25, 2021 (edited) 18 minutes ago, FloydianMag said: The end of this month I believe. No, it is before then, it may have even expired already! EDIT - Just seen your post MagCA !! Edited November 25, 2021 by manorpark Link to post Share on other sites More sharing options...
The Butcher Posted November 25, 2021 Share Posted November 25, 2021 Better get that 500m a year Aramco deal done then. Link to post Share on other sites More sharing options...
FloydianMag Posted November 25, 2021 Share Posted November 25, 2021 6 minutes ago, manorpark said: No, it is before then, it may have even expired already! EDIT - Just seen your post MagCA !! Didn’t Amanda say that they would be announcing new sponsors at the end of this month? Hope so. Link to post Share on other sites More sharing options...
Stifler Posted November 25, 2021 Share Posted November 25, 2021 They can put a deal forward to the Premier League but apparently they have to agree that it is of the correct market value. I think Staveley was alluding to how she thought the Premier League may drag their heels in their assessment of it being fair market value to beyond a point where the league has voted in tougher sponsorship rules. Link to post Share on other sites More sharing options...
Scoot Posted November 25, 2021 Share Posted November 25, 2021 I'll find it hilarious if they bring in rules which stop ANY sponsorship from owners other business's so we just end up getting sponsored by some Saudi state company. Considering the flap the Premier league have made about having legally binding arguments that the PIF are separate from the Saudi state. Link to post Share on other sites More sharing options...
FloydianMag Posted November 25, 2021 Share Posted November 25, 2021 4 minutes ago, Scoot said: I'll find it hilarious if they bring in rules which stop ANY sponsorship from owners other business's so we just end up getting sponsored by some Saudi state company. Considering the flap the Premier league have made about having legally binding arguments that the PIF are separate from the Saudi state. Or other wealthy gulf states step in with sponsorship. Link to post Share on other sites More sharing options...
Jackie Broon Posted November 25, 2021 Share Posted November 25, 2021 40 minutes ago, Stifler said: They can put a deal forward to the Premier League but apparently they have to agree that it is of the correct market value. I think Staveley was alluding to how she thought the Premier League may drag their heels in their assessment of it being fair market value to beyond a point where the league has voted in tougher sponsorship rules. I don't think that's how it works. The rules allow the PL to adjust the FFP calculation to reduce what is taken into account from related party transactions to fair market value. The club only has to submit accounts for FFP once per season. The current situation is that the PL have temporarily banned all new related party transactions until 30th November. Link to post Share on other sites More sharing options...
andyc35i Posted November 25, 2021 Share Posted November 25, 2021 Are we thinking after 30 November that sponsorship deals will be announced then with a full assessment undertaken when we submit the FFP accounting? Link to post Share on other sites More sharing options...
Jackie Broon Posted November 25, 2021 Share Posted November 25, 2021 1 hour ago, andyc35i said: Are we thinking after 30 November that sponsorship deals will be announced then with a full assessment undertaken when we submit the FFP accounting? I think that's probably likely, unless the clubs meet before then to change the rules. The current rules are: E.46 The Board shall determine whether consideration included in the Club’s Earnings Before Tax arising from a Related Party Transaction is recorded in the Club’s Annual Accounts at a Fair Market Value. If it is not, the Board shall restate it to Fair Market Value. E.47. The Board shall not exercise its power set out in Rule E.46 without first having given the Club reasonable opportunity to make submissions as to: E.47.1. whether the said consideration should be restated; and/or E.47.2. what constitutes its Fair Market Value. Link to post Share on other sites More sharing options...
madras Posted November 26, 2021 Share Posted November 26, 2021 10 hours ago, Jackie Broon said: I think that's probably likely, unless the clubs meet before then to change the rules. The current rules are: E.46 The Board shall determine whether consideration included in the Club’s Earnings Before Tax arising from a Related Party Transaction is recorded in the Club’s Annual Accounts at a Fair Market Value. If it is not, the Board shall restate it to Fair Market Value. E.47. The Board shall not exercise its power set out in Rule E.46 without first having given the Club reasonable opportunity to make submissions as to: E.47.1. whether the said consideration should be restated; and/or E.47.2. what constitutes its Fair Market Value. And that opens the door to more legal proceedings. Link to post Share on other sites More sharing options...
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