Villa owner in the FT considering action against PL and possibly UEFA - saying the rules make no sense and that they cement the status quo far ahead of promoting upward mobility……
Excellent and he’s damn right. That Chelsea hotel deal just slaps the whole rules into ****. If I was Everton and Forest I would be taking Chelsea to the cleaners. They beach FFP just and then Chelsea just slap a 75m load of bollocks saviour on theirs. Corruption.
Yeah, more and more clubs are starting to open their eyes to what this really is... The ambitious ones are anyway.
No definitely not believing anything based on faith .. https://youtube.com/shorts/JKqRrTbrk5A?si=HLz4S2fsC7j4i69G
I personally don’t have any issues with the fair market value test. If it’s market value then it’s fine. If they don’t have that then what’s to stop Man City pumping in 1 billion for a corporate sponsor day?
Who is to decide what's fair market value? This is their issue. In a world where there is strict deadlines to meet ffp, some deals are taking 4 or 5 months to ratify (ours and theirs) some that look shady fly through. For example Crystal Palace new sponsor (an Asian online betting firm) has zero accounts, no staff, a twitter page that was created on December 30th and until the announcement back in May had 1 follower. With further digging into the company, their website is all AI generated graphics and their CEO on the about us page, is a picture of an online influencer who died back in 2021 despite the page only being created earlier this year. But no sir, this company is perfectly legit and sails through like their Delaware company investors (For those that don't know this is a company of unnamed individuals).
That’s why I am saying if it’s fair and market value. It shouldn’t be up to the PL to decide I accept that. But an independent regulator could easily establish if it is MV quite quickly. It really should be independent.
City should ask to see the minutes of the meeting where the palace deal was agreed. Or at least get an independent assessor in. I suspect there weren't any and it will allow City to prove a two tier approach. I really do think that this whole case will open the PL like a can of worms and expose the cartel. I've always thought it was anti competitive to have rules like they do and all it needs is someone to challenge that.....
The other issue from what I can gather is clubs are having to use examples name other companies who have tendered and bid the same, when using a related party. In a world where marketing and sponsorship deals is so small, clubs are then broadcasting which firms are in the market after doing all the hard yards themselves.
I do because there is no fair market value when the big clubs are allowed more. This revenue based anti competition ****e is anything but fair.
N ow this is a real issue. I honestly don’t know what the solution is here. I guess the reality is it’s hard for NUFC to benchmark against other teams because it’s all confidential facts relating to them sponsorship deals. Come to think about it. How would any club themselves know what fair market value was. Unless they had 3rd party info. It is quite a difficult one. Maybe it should be completely scrapped. From a commercial company trading under UK company law. I guess it is a restriction of trade. From a competition perspective (not financial but PL) I guess the rules may be on balance deemed appropriate but in actual fact they are probably illegal.
If they wanted to really make it fair market value then publish figures for the whole league to comply with. Front of shirt sponsorship can be up to £x million a year, sleeve: £y million a year, stadium £z million a year etc. That way there is a published maximum that any club can work to which gives a level playing field. It's up to the sponsors to then decide how much they are willing to offer. Anyone goes over, automatic 6 point deduction
It's very simple a cap that is the same for all or no cap at all. These are the only two rules that can be fair.
So are the current rules apparently. This all feels like the working time directive to me. At most jobs ive worked, I've been asked to sign a waiver to say I'm OK to work over the 48 hour maximum. PL clubs, by signing up to the PL, agree to follow the rules of the PL. Therefore a waiver is signed and that allows for a different set of rules to be enforced. I suspect it's this agreement that Man City are challenging