I feel it’s tardy that almost four years down the line NUFC haven’t got Saudi Air sponsoring more things we can stick a label on, such as the dugouts or Jason Tindall’s toiletry bag, obviously for huge sums of dosh…….
Hopefully, Karma will continue to see Chelsea's gaming the system tactics fail to bear fruit. But when you see results like the Fulham one on Saturday, you do wonder if crime will eventually pay. As for the club and its owners it does look like a holding pattern has developed and you can't help but wonder what the current attitude towards fully tapping into the clubs potential is ? Are they just being ultra cautious or are their feet getting a little cold? I have no doubt they will continue to allow every single available penny within PSR limits to go towards team building but as for the grand developments essential to move the club up the levels i think we could all do with some reassuring statements of commitment.
Hear me out and I am sure Colin from Accounts has already thought of this one and maybe I'm missing something.
For the purposes of PSR, infrastructure projects do not count against your profit/loss.
Construction or building on the ground or training facilities don't count. So I assume other similar projects don't count say like Stack or building a new club shop.
All the profit form those infrastructure projects do count beer, concessions, shirts etc.
What's to stop the club building a huge new training facility much bigger than needed but then renting out 70% of the building as office space and adding the profit to the company accounts?
What about a club hotel? Or a barber shop? Or a Greggs?
I know I'm getting silly but this seems to be loophole no one has tried to take advantage of.
Ha! Agreed. There must surely be something to prevent this. Otherwise, you could buy land, build on it, and then sell. The building costs wouldn't count but the sale income would.
I suppose the more serious point is that, as FM points out above and Andy does at the end, there are far easier ways the Saudis could have increased our income through commercial deals, but still nothing. And while we're on that, still no new CEO, still no training ground, still no public stadium plan.
Thanks Andy, great article. How would your conclusion about a huge Aramco sponsorship deal differ from current Sela deal, only in terms of amount do you mean? Aramco are larger than Sela so could make a huge sponsorship deal - and that would then be for the PL to assess as to market fair rate or not if I understand correctly. Presumably they would do that by comparing against other short deals of comparable clubs? Which is where a massive Aramco deal may fall apart?
I feel it’s tardy that almost four years down the line NUFC haven’t got Saudi Air sponsoring more things we can stick a label on, such as the dugouts or Jason Tindall’s toiletry bag, obviously for huge sums of dosh…….
Hopefully, Karma will continue to see Chelsea's gaming the system tactics fail to bear fruit. But when you see results like the Fulham one on Saturday, you do wonder if crime will eventually pay. As for the club and its owners it does look like a holding pattern has developed and you can't help but wonder what the current attitude towards fully tapping into the clubs potential is ? Are they just being ultra cautious or are their feet getting a little cold? I have no doubt they will continue to allow every single available penny within PSR limits to go towards team building but as for the grand developments essential to move the club up the levels i think we could all do with some reassuring statements of commitment.
Great piece Andy but why is nobody challenging the PL on this?
Hear me out and I am sure Colin from Accounts has already thought of this one and maybe I'm missing something.
For the purposes of PSR, infrastructure projects do not count against your profit/loss.
Construction or building on the ground or training facilities don't count. So I assume other similar projects don't count say like Stack or building a new club shop.
All the profit form those infrastructure projects do count beer, concessions, shirts etc.
What's to stop the club building a huge new training facility much bigger than needed but then renting out 70% of the building as office space and adding the profit to the company accounts?
What about a club hotel? Or a barber shop? Or a Greggs?
I know I'm getting silly but this seems to be loophole no one has tried to take advantage of.
Ha! Agreed. There must surely be something to prevent this. Otherwise, you could buy land, build on it, and then sell. The building costs wouldn't count but the sale income would.
I suppose the more serious point is that, as FM points out above and Andy does at the end, there are far easier ways the Saudis could have increased our income through commercial deals, but still nothing. And while we're on that, still no new CEO, still no training ground, still no public stadium plan.
Thanks Andy, great article. How would your conclusion about a huge Aramco sponsorship deal differ from current Sela deal, only in terms of amount do you mean? Aramco are larger than Sela so could make a huge sponsorship deal - and that would then be for the PL to assess as to market fair rate or not if I understand correctly. Presumably they would do that by comparing against other short deals of comparable clubs? Which is where a massive Aramco deal may fall apart?