Ben Posted July 22 Share Posted July 22 Does anyone know why Man Utd don't get sanctioned for this debt ? Is it purely the fact the amount they repay is so small it doesn't effect PSR but the debt mountain just gets bigger every year ? Link to post Share on other sites More sharing options...
BergenMagpie Posted July 22 Share Posted July 22 2 minutes ago, Ben said: Does anyone know why Man Utd don't get sanctioned for this debt ? Is it purely the fact the amount they repay is so small it doesn't effect PSR but the debt mountain just gets bigger every year ? Think only the interest paid will be included in their costs Link to post Share on other sites More sharing options...
Sibierski Posted July 22 Share Posted July 22 Just now, Ben said: Does anyone know why Man Utd don't get sanctioned for this debt ? Is it purely the fact the amount they repay is so small it doesn't effect PSR but the debt mountain just gets bigger every year ? Pretty much. As long as a club can service it, the league doesn’t care if you were £10m in debt or £10bn. Link to post Share on other sites More sharing options...
Fezzle Posted July 22 Share Posted July 22 4 minutes ago, Ben said: Does anyone know why Man Utd don't get sanctioned for this debt ? Is it purely the fact the amount they repay is so small it doesn't effect PSR but the debt mountain just gets bigger every year ? PSR is all about profit and loss not whats on the balance sheet Link to post Share on other sites More sharing options...
BergenMagpie Posted July 22 Share Posted July 22 PIF should give us a 100bn loan at 0% interest. If we invest it at 3% in risk free bonds we get 3bn for PSR a year Link to post Share on other sites More sharing options...
TheBrownBottle Posted July 22 Share Posted July 22 17 minutes ago, Ben said: Does anyone know why Man Utd don't get sanctioned for this debt ? Is it purely the fact the amount they repay is so small it doesn't affect PSR but the debt mountain just gets bigger every year ? FFP/PSR only relates to football direct costs - not all club costs are counted. So while interest payments are included, debts generally are not. This can mean that new stadium costs can be met by clubs - and more importantly, leveraged buyouts don’t hit the PSR bottom line either Link to post Share on other sites More sharing options...
Pablo Posted July 22 Share Posted July 22 (edited) TPTB should chuck Chelsea out of Europe, and deduct points with immediate effect - they are most likely cheating, at best abusing their position in a corrupt system. I do however give them huge credit for both ingenuity and having created such an outstanding youth system. I don’t really have a problem with Man U having debt, as long as their auditors sign off and agree they are sustainable. However, they really ought to be repaying external debt in keeping with the assets it relates to, so player purchases debt should be repaid over say 5 years. If as is likely the debt is to the owners, from owner investment, then I guess they can kinda do as they please, it ought to simply devalue the club. (I think we all know that most of that debt was from the Glaziers purchasing it on the tick, which should not be permitted, but was when it happened so hard to do much about it). Edited July 22 by Pablo Minor correction Link to post Share on other sites More sharing options...
Fezzle Posted July 22 Share Posted July 22 19 minutes ago, BergenMagpie said: PIF should give us a 100bn loan at 0% interest. If we invest it at 3% in risk free bonds we get 3bn for PSR a year Yeah thats absolute bollocks Link to post Share on other sites More sharing options...
BergenMagpie Posted July 22 Share Posted July 22 14 minutes ago, Fezzle said: Yeah thats absolute bollocks My tounge in cheek comment or PSR workarounds? Link to post Share on other sites More sharing options...
Fezzle Posted July 22 Share Posted July 22 (edited) 2 minutes ago, BergenMagpie said: My tounge in cheek comment or PSR workarounds? both Edit especially if Chelsea Edited July 22 by Fezzle Link to post Share on other sites More sharing options...
Ben Posted July 22 Share Posted July 22 1 hour ago, BergenMagpie said: PIF should give us a 100bn loan at 0% interest. If we invest it at 3% in risk free bonds we get 3bn for PSR a year Todd Boehly would like a chat Link to post Share on other sites More sharing options...
Wolfcastle Posted July 22 Share Posted July 22 (edited) Its ridiculous what Chelsea have done with the hotel and women's team Its ridiculous that they've been reduced to doing that Its ridiculous that clubs can sell players to other clubs and other assets to themselves as a work around only to have only part of the transaction recognised in terms of PSR yet recieving the full amount. and that's just a fraction of the ridiculousness how is this clusterfufck worth it just to stop Newcastle, Villa and Everton competing with the top teams?! Edited July 22 by Wolfcastle Link to post Share on other sites More sharing options...
Ben Posted July 22 Share Posted July 22 15 minutes ago, Wolfcastle said: Its ridiculous what Chelsea have done with the hotel and women's team Its ridiculous that they've been reduced to doing that Its ridiculous that clubs can sell players to other clubs and other assets to themselves as a work around only to have only part of the transaction recognised in terms of PSR yet recieving the full amount. and that's just a fraction of the ridiculousness how is this clusterfufck worth it just to stop Newcastle, Villa and Everton competing with the top teams?! It must be to them, the USA owners are a far bigger threat to the future of the EPL than what the Saudis are Link to post Share on other sites More sharing options...
SteV Posted July 22 Share Posted July 22 This isn’t really the right thread for this, but it’s all (kinda) linked in: https://josimarfootball.com/2024/07/22/the-hydra/ Link to post Share on other sites More sharing options...
FloydianMag Posted July 22 Share Posted July 22 PL handbook is usually published this week and nowt today. Last year it was published on 21/7/23. Awaiting a decision on City’s arbitration and new ATP rules? https://www.premierleague.com/about/publications Link to post Share on other sites More sharing options...
Ben Posted July 22 Share Posted July 22 2 minutes ago, FloydianMag said: PL handbook is usually published this week and nowt today. Last year it was published on 21/7/23. Awaiting a decision on City’s arbitration and new ATP rules? https://www.premierleague.com/about/publications Good spot Link to post Share on other sites More sharing options...
The College Dropout Posted July 23 Share Posted July 23 Link to post Share on other sites More sharing options...
KetsbaiaIsBald Posted July 23 Share Posted July 23 (edited) that's what he said the tweet was based on: https://www.catribunal.org.uk/sites/cat/files/2024-04/16375724 SportsDirect.com Retail Limited v (1) Newcastle United Football Company Limited and (2) Newcastle United Limited.pdf (I'm not reading that!) Edited July 23 by KetsbaiaIsBald Link to post Share on other sites More sharing options...
GeordieT Posted July 23 Share Posted July 23 59 minutes ago, KetsbaiaIsBald said: that's what he said the tweet was based on: https://www.catribunal.org.uk/sites/cat/files/2024-04/16375724 SportsDirect.com Retail Limited v (1) Newcastle United Football Company Limited and (2) Newcastle United Limited.pdf (I'm not reading that!) Control F’ing sections of his tweet, it is all there - the rebates, wholesale costs, volume of kit ordered etc. What it means for revenue though is very much his interpretation. Link to post Share on other sites More sharing options...
duo Posted July 23 Share Posted July 23 1 hour ago, The College Dropout said: I assume that is a good thing? Link to post Share on other sites More sharing options...
Abacus Posted July 23 Share Posted July 23 1 hour ago, KetsbaiaIsBald said: that's what he said the tweet was based on: https://www.catribunal.org.uk/sites/cat/files/2024-04/16375724 SportsDirect.com Retail Limited v (1) Newcastle United Football Company Limited and (2) Newcastle United Limited.pdf (I'm not reading that!) Thanks for sharing, I think, because I became weirdly transfixed by it I think I really enjoyed the main judge best. In my layman's reading of his language, he was usually telling them, in effect, to stop waffling on and asking them to be clear about whatever point they were trying to make. But here was probably my favourite interjection from him. One of the points made by the SD lawyer was that Newcastle fans would go into SD stores, buy a shirt, then buy other stuff. This was referred to as the halo effect. So on that basis SD would seek damages for lost other sales and not just for lost shirt sales. The judge was saying that surely they could work out how much that was, just by referring to how much fans of other clubs bought when going into the store to do the same. Here's his quote, the part that tickled me in bold; "...so far as City or the other United or whatever is concerned ... that is a way of quantifying the halo effect so far as the Newcastle United sales". Get in. Link to post Share on other sites More sharing options...
Wallace Posted July 23 Share Posted July 23 Wonder if Ashley would have tried to sue Villa for their deal with JD Sports had he not already failed with us. Link to post Share on other sites More sharing options...
Armchair Pundit Posted July 23 Share Posted July 23 Pah! https://tbrfootball.com/questions-will-be-asked-after-newcastle-united-spend-20m-on-confirmed-signing/ Link to post Share on other sites More sharing options...
Ben Posted July 23 Share Posted July 23 30 minutes ago, Armchair Pundit said: Pah! https://tbrfootball.com/questions-will-be-asked-after-newcastle-united-spend-20m-on-confirmed-signing/ Fucking hell there's gonna be about 10 clubs on minus points at the start of the season Link to post Share on other sites More sharing options...
gbandit Posted July 23 Share Posted July 23 Aye, ask questions of us but 🙏 please at all costs don’t ask questions of Chelsea for paying themselves £10m for each sandwich they sell filled with Boehly’s jizz Link to post Share on other sites More sharing options...
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