Owners

Remove this Banner Ad

Zidane98

Hall of Famer
Dec 22, 2009
46,954
21,672
South End, AAMI Park
AFL Club
Hawthorn
Other Teams
Socceroos, LFC, MVFC, RC Strasbourg
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

Hall of Famer
Dec 22, 2009
46,954
21,672
South End, AAMI Park
AFL Club
Hawthorn
Other Teams
Socceroos, LFC, MVFC, RC Strasbourg
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.
 
Last edited:

Log in to remove this ad.

moomba

TheBrownDog
Oct 3, 2001
57,263
19,155
Timperley
AFL Club
North Melbourne
Other Teams
Man City ****
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.
 
Last edited:

Zidane98

Hall of Famer
Dec 22, 2009
46,954
21,672
South End, AAMI Park
AFL Club
Hawthorn
Other Teams
Socceroos, LFC, MVFC, RC Strasbourg
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

TheBrownDog
Oct 3, 2001
57,263
19,155
Timperley
AFL Club
North Melbourne
Other Teams
Man City ****
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

Brownlow Medallist
Oct 5, 2004
10,356
3,169
Austin, Tejas
AFL Club
Geelong
Other Teams
Hammers, Austin FC
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?
 

sorted

Brownlow Medallist
Aug 21, 2016
11,860
14,384
AFL Club
Geelong
Other Teams
Oldham, West Ham
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

Bigfooty Legend
Aug 3, 2008
110,525
71,746
North Shore
AFL Club
Sydney
Other Teams
Hull City, Adelaide United, EP
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

TheBrownDog
Oct 3, 2001
57,263
19,155
Timperley
AFL Club
North Melbourne
Other Teams
Man City ****
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.
 

(Log in to remove this ad.)

sorted

Brownlow Medallist
Aug 21, 2016
11,860
14,384
AFL Club
Geelong
Other Teams
Oldham, West Ham
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.​

 

SM

Bigfooty Legend
Aug 3, 2008
110,525
71,746
North Shore
AFL Club
Sydney
Other Teams
Hull City, Adelaide United, EP
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.​

Obviously.
 

Zidane98

Hall of Famer
Dec 22, 2009
46,954
21,672
South End, AAMI Park
AFL Club
Hawthorn
Other Teams
Socceroos, LFC, MVFC, RC Strasbourg
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.
 

Hooker

A breath of fresh air
Feb 14, 2021
795
1,030
Newy
AFL Club
Geelong
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
 

SM

Bigfooty Legend
Aug 3, 2008
110,525
71,746
North Shore
AFL Club
Sydney
Other Teams
Hull City, Adelaide United, EP
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

Hall of Famer
Dec 22, 2009
46,954
21,672
South End, AAMI Park
AFL Club
Hawthorn
Other Teams
Socceroos, LFC, MVFC, RC Strasbourg
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.
 

Remove this Banner Ad

Remove this Banner Ad