Jump to content

Financial Fair Play / Profit & Sustainability


Recommended Posts

28 minutes ago, Stifler said:

Since these new rules came into place, we have already renegotiated with inPost.

 

I think it’s fair to assume that the club will be on it. I know a training kit/ground sponsor is annoying people, but these are top business people at the club, there will be a reason why they haven’t done it yet.

It’s not we are under Ashley, and Charnley anymore.

I don’t think it is fair to assume that tbh. The jury very much remains out in regards to sponsorships etc imo.

Link to post
Share on other sites

The "waiting for the rules to change" argument has run it's course a while back imo

 

If they've held off on key sponsors eg. Training kit on the basis that they'll get more if/when the rules change, how much more are they going to have to bring in to cover three years of missing potential income?

Link to post
Share on other sites

Ideally they needed staged growth rather than big bang. Strategically that allows us to grow with every window as we make more signings, grow our wage bill etc. Sadly we didn’t grow our revenues quickly enough for the last season. A massive influx of income now would be useful, but isn’t as big a game changer as it would appear unless there remains further income growth over upcoming cycles.

 

I completely agree we should have had a training kit, training ground and SJP sponsorship in place by now. I suspect we have tried and the Premier League have refused us.

 

I still trust the process, but it is frustratingly slow, and expectations need to be reigned in.

Link to post
Share on other sites

58 minutes ago, TK-421 said:

Wonder if any potential Saudi based sponsors are waiting until the Saudi World Cup 2034 is supposedly confirmed today?

Would potentially have big Saudi companies looking to get their names out in advance of that, and the PL would have less argument about big sponsors with that event in the future? :dontknow:


Saudi Airlines feels a slam dunk bigger sponsor, and it linked to World Cup. Already do in some capacity, but it to be ramped up.

 

Fly Saudi World Cup 2034.

Link to post
Share on other sites

42 minutes ago, Keegans Export said:

The "waiting for the rules to change" argument has run it's course a while back imo

 

If they've held off on key sponsors eg. Training kit on the basis that they'll get more if/when the rules change, how much more are they going to have to bring in to cover three years of missing potential income?

 

Suppose it depends on what the value and the locking in would be.

 

Summer 2022, £30m a year, 10 year deal. Summer 2025, £45m a year 8 years deal. 
 

Same value (if you take the missed two years) on its face value (no bonuses), but in same time frame, the jump up from £45m to £70m more achievable then £30m to that. 

Link to post
Share on other sites

4 minutes ago, Pablo said:

 

I completely agree we should have had a training kit, training ground and SJP sponsorship in place by now.

 

I suspect we have tried and the Premier League have refused us.

 

There is no evidence of any "refusal" (I'm sure it would have strongly been leaked from somewhere) and in any case under the old rules they could not refuse it, only 'reduce it' to some fantasy FMV figure.

 

Under the new rules WE set the figure and they (EPL) have to prove it is not FMV (if they can) which is much more difficult for them and easier for us to dispute.

Link to post
Share on other sites

2 minutes ago, Sibierski said:

 

Suppose it depends on what the value and the locking in would be.

 

Summer 2022, £30m a year, 10 year deal. Summer 2025, £45m a year 8 years deal. 
 

Same value (if you take the missed two years) on its face value (no bonuses), but in same time frame, the jump up from £45m to £70m more achievable then £30m to that. 

Why would we tie ourselves in for 10 years?

 

A one-year training kit sponsor for £2m would have covered Bruno's wage rise for the year and then some. And is considerably better than £0m. 

 

If we'd signed a £5m/year deal for 3 years for the training ground, maybe we'd have been able to keep Minteh? So now not only have we lost the potential income from that deal, we're going to have to spend a load of money brining a winger in.

Link to post
Share on other sites

1 hour ago, Sima said:


Said it before, I haven’t seen any evidence to suggest they want to significantly invest to take us to where a lot are expecting outside of putting equity in on the day to day.

 

Playing Devil’s Advocate, there are a few KSA teams in the Club World Cup next summer. How much would they need to invest in us to get us to that level? What is the point?

 

I've always been of the opinion major investment would be with the carrot of building a winning team. If that path is blocked, then unless there is some genuine upside to spending a huge chunk of cash to finish 6th, would they do that? If they are looking to be associated with a winning side with all the sportswashing benefits that come with it, then they could conceivably sell up and buy a cartel club instead. It's just a matter of money, and they aren't short of it.

Link to post
Share on other sites

1 minute ago, TRon said:

 

I've always been of the opinion major investment would be with the carrot of building a winning team. If that path is blocked, then unless there is some genuine upside to spending a huge chunk of cash to finish 6th, would they do that? If they are looking to be associated with a winning side with all the sportswashing benefits that come with it, then they could conceivably sell up and buy a cartel club instead. It's just a matter of money, and they aren't short of it.

Would they be spending a huge chunk to finish 6th or generating a huge chunk given they can't just spend in the way Chelsea and Man City could ?

 

See what happens with the new FMV position, could be a big change, could be cosmetic.

Link to post
Share on other sites

The new rules shift the focus from documenting process details to defending outcomes. For a club like us with significant financial resources (top legal/accounting teams), this can be hugely positive as long as we are well prepared for independent oversight and framing a deal in a certain way.

Link to post
Share on other sites

1 hour ago, manorpark said:

There is no evidence of any "refusal" (I'm sure it would have strongly been leaked from somewhere)

 

Agreed.  In fact it was reported our sponsorship was actually below what FMV would have allowed.

Link to post
Share on other sites

2 hours ago, SUPERTOON said:

I don’t think it is fair to assume that tbh. The jury very much remains out in regards to sponsorships etc imo.

We have doubled our revenue every 2 years, and that is our target going forward.

Link to post
Share on other sites

1 hour ago, Stifler said:

We have doubled our revenue every 2 years, and that is our target going forward.

Again that wasn’t that difficult to do at the beginning considering the shell of a club they picked up. 

Link to post
Share on other sites

15 minutes ago, SUPERTOON said:

Again that wasn’t that difficult to do at the beginning considering the shell of a club they picked up. 

Yes, but if we continue to do that, it shows that they are doing something about sponsors, and general income.

Link to post
Share on other sites

I find the mentality of "They still have something to prove" really odd tbh, I get that they inherited a shell of a club so there was a lot of easy wins, but they still did it, they still doubled our revenue, and signed a £30m (potentially upwards to £40m) shirt sponsorship etc; and have shown signs to continually do so, hell in the last month alone we've announced partnerships with RedBull and InPost, but people don't seem to take that into account. They've also done it in during a time when restrictions have been in place to specifically to stop us acquiring sponsorship deals. It just seems weird to me.

Link to post
Share on other sites

24 minutes ago, 54 said:

I find the mentality of "They still have something to prove" really odd tbh, I get that they inherited a shell of a club so there was a lot of easy wins, but they still did it, they still doubled our revenue, and signed a £30m (potentially upwards to £40m) shirt sponsorship etc; and have shown signs to continually do so, hell in the last month alone we've announced partnerships with RedBull and InPost, but people don't seem to take that into account. They've also done it in during a time when restrictions have been in place to specifically to stop us acquiring sponsorship deals. It just seems weird to me.

 

PIF and the Reubens (and PCP) have done a genuinely excellent job since takeover to date.

 

in my opinion, in terms of ALL financial and stadium-related issues, I would also say . . . W E . . A I N T . . S E E N . . N O T H I N G . . Y E T !!!!!!!!!!!!!!

 

 

Edited by manorpark

Link to post
Share on other sites

On 11/12/2024 at 23:05, 54 said:

I find the mentality of "They still have something to prove" really odd tbh, I get that they inherited a shell of a club so there was a lot of easy wins, but they still did it, they still doubled our revenue, and signed a £30m (potentially upwards to £40m) shirt sponsorship etc; and have shown signs to continually do so, hell in the last month alone we've announced partnerships with RedBull and InPost, but people don't seem to take that into account. They've also done it in during a time when restrictions have been in place to specifically to stop us acquiring sponsorship deals. It just seems weird to me.

Revenue is definitely not doubled

Link to post
Share on other sites

On 11/12/2024 at 21:36, Stifler said:

We have doubled our revenue every 2 years, and that is our target going forward.

We haven’t doubled our revenue in three years, and this year will flatline.  So if that’s the target it’s been missed. 

Link to post
Share on other sites

On 11/12/2024 at 20:06, Sibierski said:

 

Suppose it depends on what the value and the locking in would be.

 

Summer 2022, £30m a year, 10 year deal. Summer 2025, £45m a year 8 years deal. 
 

Same value (if you take the missed two years) on its face value (no bonuses), but in same time frame, the jump up from £45m to £70m more achievable then £30m to that. 

If we’re sponsored by PIF-related companies, why would they force us to lock in ten year deals?

Link to post
Share on other sites

Before anyone has a meltdown about it he's talking about the accounts we had to sell minteh/Anderson to get through not the current year. Interesting to see Evertons accounts mind, absolute shit show that club

Link to post
Share on other sites

On 11/12/2024 at 08:30, RUHRLYASLEEVESUP said:

Feels like we were a brand new Scalextric set which gets put in the cupboard under the stairs in January 


6 rich kids on the street had class Scalextric sets, loads of track and rapid cars

 

We were poor, had a tiny knackered Scalextric with fuck all track and a couple of shit cars

 

Our nanna won the bingo on Xmas eve and on Xmas day gave us loads of her winnings as a present

 

Worried that we upgrade our Scalextric to make it better than theirs, the 6 rich kids in the street close down the Scalextric shop, force Nanna to take her money off us and get local bizzies to make buying new Scalextric illegal 
 

And they’d managed to do all that before the Eastenders Xmas Day special was on telly  

 

 

 

 

Edited by bobbydazzla

Link to post
Share on other sites

34 minutes ago, bobbydazzla said:


6 rich kids on the street had class Scalextric sets, loads of track and rapid cars

 

We were poor, had a tiny knackered Scalextric with fuck all track and a couple of shit cars

 

Our nanna won the bingo on Xmas eve and on Xmas day gave us loads of her winnings as a present

 

Worried that we upgrade our Scalextric to make it better than theirs, the 6 rich kids in the street close down the Scalextric shop, force Nanna to take her money off us and get local bizzies to make buying new Scalextric illegal 
 

And they’d managed to do all that before the Eastenders Xmas Day special was on telly  

 

 

 

 

 

Had to read it again when I got near the end,thought it was a true story.😆

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...