by David on August 16, 2011
The chairman of Uefa’s Financial Control Panel, Jean-Luc Dehaene says that he wants more details on Manchester City‘s 10-year deal, £400m sponsorship deal with Etihad Airways. Etihad will now sponsor both the club’s shirt and the stadium. The deal has drawn criticism that it is an attempt to circumvent European football’s strict new financial rules due to the close ties between Etihad (which is owned by the Abu Dhabi government) and Man City (Aby Dhabi’s ruler is City owner Sheikh Mansour’s half-brother).
In an interview on BBC, Matt Slater asked Jean-Luc Dehaene what his reaction was when he first heard about City’s deal:
by David on July 29, 2011
In something akin to the pot calling the kettle black, Chelsea boss Andre Villas-Boas has called Manchester City’s signing of Sergio Aguero for around £35million as “unfair”.
Villas-Boas feels that City’s financial dominance gives them an unnatural advantage in the transfer market.
“I think it’s unfair. I think it’s pretty clear that they are building a squad to fight for the title,” he said ahead of Chelsea`s clash with Aston Villa in the final of the Barclays Asia Trophy on Saturday night. “It’s for [Roberto] Mancini to say what his objectives are but my personal perspective is that they are making good signings and that they can threaten for the league.”
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Andre Villas-Boas Calls Man City’s Financial Power “Unfair”
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by David on July 18, 2011
Remember when the Venky’s group bought Blackburn Rovers and said that they would provide the funds needed to turn Rovers into a Champions League side?
Venkys bought Rovers for around £25 million and agreed to take on the £18 million overdraft in the form of a mortgage.
The Mirror however is reporting that the bank are demanding that the £18 million overdraft amount be reduced, with the cash from the sale of Phil Jones to Manchester United.
This is a huge blow to Rovers boss Steve Kean who had been looking to break their transfer record and sign a striker like Mirco Vucinic, Papiss Cisse or Jermain Defoe for fees around or over £10million.
by David on July 13, 2011
Arsene Wenger has accused Manchester City of playing by ‘their own rules’, as he believes City’s new £400million naming rights deal with Etihad Airways makes a mockery of UEFA’s Financial Fair Play initiative.
The Man City deal, which dwarfs the 15-year, £100m contract Arsenal made with Emirates Airlines in 2006, would see Etihad Airways, owned by the Abu Dhabi government, create up to £40m in new revenue per season for City.
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Wenger Wants UEFA To Investigate City’s Stadium Naming Deal
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Manchester City have confirmed that the City of Manchester Stadium will be renamed the Etihad Stadium after signing a 10-year deal with the airline. The Abu Dhabi-based company is already the club’s shirt sponsor.
“We are delighted to be expanding our relationship with Etihad Airways through this partnership agreement,” said City chief executive Garry Cook.
The new agreement is sure to be reviewed by UEFA as City are owned by Sheikh Mansour, who is a member of the ruling family of Abu Dhabi, and Etihad Airways is the National Airline of United Arab Emirates
According to the News of the World, United are in discussion with Nike over a world record £400 million kit deal. Nike currently pay United £23.5m per year, and with their existing 10-year deal expiring in 2015, it makes sense to open discussions now on a new deal.
When United moved from Umbro to Nike in 2002, their new deal with Nike set the standard for kit deals in football. Over the length of the contract United have received £303m from Nike. While the United kit deal was record-breaking when it was signed, it is far from that now. Nike recently signed a £38m-a-year deal with the French national team to cover the next seven years, while Barcelona take in about £26m from their kit deal.
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Manchester United Talking With Nike Over £400m Kit Deal
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by David on June 13, 2011
The Sunday Times reported yesterday that the team is considering selling shares on the Hong Kong stock exchange in a move that could potentially raise £1.7bn.
Selling shares via a stock float will allow the Glazers to take money out of the club without selling the club or adding to the clubs debt. Proceeds could also be used to reduce or eliminate the clubs £490m debt.
Duncan Drasdo, chief executive of the Manchester United Supporters Trust, said selling shares “could be an opportunity for supporters to once again share in the ownership of their club”. However, Mr Drasdo said that MUST had three concerns:
Winning the Premier League was worth more than £15million to Manchester United while West Ham earned a mere £756,000.
The payout that teams get is determined by where they finish in the league. An the difference of a place or two can be worth millions of pounds. Newcastle for example finished 12th the Premier League and received a little over £6.8million. But if they had not thrown away that three goal lead against West Brom yesterday, they would have finished in 9th place and earned £9.2million. So that defensive collapse cost Newcastle United £2.4million!
2010/11 Premier League prize funds
Lots of rumors in the Spanish and British press about a bust-up between Cristiano Ronaldo and Jose Mourinho and that Real Madrid are willing to listen to offers for their best player.
At the heart of the story is the fact that Ronaldo was not happy with Mourinho’s tactics in the first leg of the Champions League semi-final against Barcelona. After the match Ronaldo was quoted as saying this about Mourinho’s system:
“‘I don’t like it, but I have to adapt because that is the way it is.”
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Why £150million For Ronaldo Makes Financial Sense For Manchester City
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The football economy had an article today on what relegation means to West Ham financially. It does not paint a rosy picture if you are a West Ham fan.
More than half of West Ham’s 2009-10 turnover of £71.7m came from Premier League revenue distributions. The minimum £40m of television and central sponsorship income for the bottom club (up from £31.3 last year) this season will be exchanged for a £16m parachute payment season next.
So to put that another way, West Ham will make at least £26m less next season than this season due to being in the Championship rather than the Premier League.
