Owners

[Zidane98]

The league may well look to change their rules on related party transactions. UEFA changed theirs, from memory you can't have more than 30% of your revenue from a particular country (presumably UK doesn't apply).

I think they'll struggle to piece together a legally binding definition that achieves what it wants but time will tell.

And it would be telling that in order to make our sponsorship deals related party transactions the league would have to totally rewrite the rules. Maybe a.small concession there that after 10 years and countless posts suggesting they were related party transactions that you got it wrong.

As for the reasons we abstained, you can go down the vibe route again if you like. I suspect if we thought our deals were at risk we would have fought a bit harder, even for a temporary rule change.

I doubt it will be defined as a country, more so a limit on the amount of owner related income (not just IAS24 related companies). In the case of Newcastle that's Saudi investment fund related businesses. In United's case that is any Glazer owned business and for Liverpool any FSG owned business. In the interest of fairness none of those clubs should all of a sudden be allowed to bring in a huge amount of related commercial 3rd party revenue.

 

[Zidane98]

Even a ground on a long term lease is considered an asset, and West Hams would be worth a bit.

What's happened to the old ground? Does the club still own it? If so, it'd be worth a fair bit to a potential owner.

I had the good fortune of attending a game there in the last season it was used (2015/16) even if we lost 2-0 to West Ham. It's been turned into a housing development now.

 

[joop]

Trying not to get too excited but reports out of Turkey that our takeover has been done.

Hullatasaray?

 

[SM]

Hullatasaray?

Or Istanhull.

 

[moomba]

I doubt it will be defined as a country, more so a limit on the amount of owner related income (not just IAS24 related companies). In the case of Newcastle that's Saudi investment fund related businesses. In United's case that is any Glazer owned business and for Liverpool any FSG owned business. In the interest of fairness none of those clubs should all of a sudden be allowed to bring in a huge amount of related commercial 3rd party revenue.

That's a big disadvantage to Newcastle. Restricted from a pretty big market that other clubs have access to and use.

Wouldn't get through the courts.

Remember football clubs are also businesses, and you can't say to one business you can't earn revenue from a particular market but your rivals can.

 

[Zidane98]

That's a big disadvantage to Newcastle. Restricted from a pretty big market that other clubs have access to and use.

Wouldn't get through the courts.

You keep repeating this despite it not being true. It's the same disadvantage for all clubs, saying it affects Newcastle only is just not true in any sense no matter how many times you repeat it. You even quoted a post where it has being pointed out this will restrict the incomes of other clubs' related parties.

It's also worth noting that this does not stop Newcastle pursuing commercial opportunities from non Saudi investment fund related companies. Even companies where the Saudis aren't the majority and controlling owner would be allowed, eg Facebook.

And from what's being written new related deals won't be banned entirely. Rather there will be a limit to how much you can do per annum. Which is only fair in a marketplace where owners invest based on what their rivals are doing.

 

[moomba]

You keep repeating this despite it not being true. It's the same disadvantage for all clubs, saying it affects Newcastle only is just not true in any sense no matter how many times you repeat it. You even quoted a post where it has being pointed out this will restrict the incomes of other clubs' related parties.

I would understand it a bit more if you admitted that the rules would disadvantage Newcastle, but you just don't care.

Oh well, we move on.

 

[DBAH0]

I had the good fortune of attending a game there in the last season it was used (2015/16) even if we lost 2-0 to West Ham. It's been turned into a housing development now.

Yeah we did an Arsenal in essence.

Was that the game Payet was doing all sorts of tricks BTW?

 

[Zidane98]

Yeah we did an Arsenal in essence.

Was that the game Payet was doing all sorts of tricks BTW?

Antonio scored a few IIRC. I was in the Trevor Brooking stand.

 

[Zidane98]

I would understand it a bit more if you admitted that the rules would disadvantage Newcastle, but you just don't care.

Oh well, we move on.

The rules disadvantage Newcastle no more or no less than any other club in the competition.

 

[Frank Bunn]

Even a ground on a long term lease is considered an asset, and West Hams would be worth a bit.

What's happened to the old ground? Does the club still own it? If so, it'd be worth a fair bit to a potential owner.

The Boleyn Ground was sold for £40 million.

It puts the craziness of the Premier League into perspective that a piece of London real estate with development plans for 838 new homes, retail outlets and leisure facilities was worth less than what the Hammers paid for Sébastien Haller.

 

[SM]

The Boleyn Ground was sold for £40 million.

It puts the craziness of the Premier League into perspective that a piece of London real estate with development plans for 838 new homes, retail outlets and leisure facilities was worth less than what the Hammers paid for Sébastien Haller.

Some might call the fees in the PL obscene.

 

[moomba]

I had the good fortune of attending a game there in the last season it was used (2015/16) even if we lost 2-0 to West Ham. It's been turned into a housing development now.

I only went to one match there (3-1 win in Sven's first match), but stayed a few times. They used to run a hotel there on non matchdays using corporate boxes as hotel rooms.

You'd stay the night in a corporate box, all done up like a hotel room. Your view was the pitch. Was an interesting place to stay.

 

[Frank Bunn]

Some might call the fees in the PL obscene.

Not the recipients of those fees.

Operation Loom, which saw dawn raids by HMRC on premises including St James’ Park as part of a £5m tax investigation involving Premier League and French clubs. The papers show HMRC investigators suspect Newcastle, owned by the billionaire Sports Direct tycoon Mike Ashley, of involvement in an elaborate scheme to evade income tax, VAT and national insurance.​

​

The allegations relate to the club’s part in the transfers of players including Demba Ba, Moussa Sissoko, Papiss Cissé, Sylvain Marveaux and Davide Santon. HMRC said Newcastle had “systematically abused the tax system” with the use of “sham” contracts that disguised the true recipients of agents’ fees.​

​

HMRC cited Demba Ba's free transfer to West Ham, whose London Stadium was also raided during Operation Loom, as an example of how the alleged tax scam worked. Court papers referred to a £1.9m fee paid by Newcastle to Simon Stainrod, an agent acting on behalf of the club during negotiations to sign the Senegalese player in 2011.​

​

The vast majority of that money was then allegedly “secretly transferred” via a law firm to companies linked to Ba and unlicensed agents. The companies named are Sarl Ba Corporation, France-based Quatorze Management, Silkee Management in Enfield, north London, and Panama-based Zumbada Ventures Corporation.​

Newcastle United investigated over 'systemic abuse of tax system'

Newcastle are under investigation over alleged ‘extensive’ tax evasion on player transfers, after dawn raids by HMRC on premises including St James’ Park

www.theguardian.com

 

[SM]

Not the recipients of those fees.

Operation Loom, which saw dawn raids by HMRC on premises including St James’ Park as part of a £5m tax investigation involving Premier League and French clubs. The papers show HMRC investigators suspect Newcastle, owned by the billionaire Sports Direct tycoon Mike Ashley, of involvement in an elaborate scheme to evade income tax, VAT and national insurance.​

​

The allegations relate to the club’s part in the transfers of players including Demba Ba, Moussa Sissoko, Papiss Cissé, Sylvain Marveaux and Davide Santon. HMRC said Newcastle had “systematically abused the tax system” with the use of “sham” contracts that disguised the true recipients of agents’ fees.​

​

HMRC cited Demba Ba's free transfer to West Ham, whose London Stadium was also raided during Operation Loom, as an example of how the alleged tax scam worked. Court papers referred to a £1.9m fee paid by Newcastle to Simon Stainrod, an agent acting on behalf of the club during negotiations to sign the Senegalese player in 2011.​

​

The vast majority of that money was then allegedly “secretly transferred” via a law firm to companies linked to Ba and unlicensed agents. The companies named are Sarl Ba Corporation, France-based Quatorze Management, Silkee Management in Enfield, north London, and Panama-based Zumbada Ventures Corporation.​

Newcastle United investigated over 'systemic abuse of tax system'

Newcastle are under investigation over alleged ‘extensive’ tax evasion on player transfers, after dawn raids by HMRC on premises including St James’ Park

www.theguardian.com

Obviously.

 

[Zidane98]

I only went to one match there (3-1 win in Sven's first match), but stayed a few times. They used to run a hotel there on non matchdays using corporate boxes

Shame about the move to Olympic stadium. Many supporters were against the move and would have preferred redevelopment of Boleyn ground.

 

[SM]

Hopefully he eventually ends up with 100% of West Ham if there’s one club in England that deserves it it’s them

Hope some mega rich dude snaps up Aston Villa and Everton next. Would enjoy seeing them finish higher than United, Arsenal and Tottenham on a regular basis

Everton have a mega rich dude.

 

[Zidane98]

Hopefully he eventually ends up with 100% of West Ham if there’s one club in England that deserves it it’s them

Hope some mega rich dude snaps up Aston Villa and Everton next. Would enjoy seeing them finish higher than United, Arsenal and Tottenham on a regular basis

Everton have a rich dude but he doesnt have connections to a government to fund / sportswash the club.

 

[joop]

Then he’s not the mega rich dude I refer to & I don’t really count 2 billion. 10 bill minimum

So there’s only 7 owners in the world classed as ‘mega rich’ then?

 

[SM]

Then he’s not the mega rich dude I refer to & I don’t really count 2 billion. 10 bill minimum

Why do you want more immoral owners? There's more to life than football.

 

[joop]

Because unless Bielsa is managing a side, anything but Chelsea can be quite hard to watch at times

Not sure that really makes sense.

 

[SM]

Because unless Bielsa is managing a side, anything but Chelsea can be quite hard to watch at times

Odd take. If anything but leeds and Chelsea is tough to watch what does that make City, Liverpool or United?

 

[Zidane98]

Hopefully something comes of this. Next sportswashing ownership group would have to sort out their human rights issues to pass the fit & proper test.

 

[DBAH0]

So Sparta Prague would basically be a feeder club for us, and we'll get Adam Hlozek within the next year I'd presume.

 

[Elmer_Judd]

Pity it wasn't Krafty and the World Record Breaking New England Patriots but beggars can't be choosers.