Usmanov

[BNJ1878]

Or the guy got confused
In terms of by passing FFP couldn’t Everton just release 1000s of new share and Usmanov buy them

No.

That would remove any debt against the club, but it doesn't mean a big spending spree.

That's the whole point of FFP, even those with money in reserve can't spend it.

You can only spend in relation to your commercial income and player trading. So the 'global clubs' with 60m sponsorship deals for training kits are always protected? Next tier down means the up and coming clubs invariably have to sell their better players to re-invest and try and continue growing.

IE: Know your place. It's simply a mechanism to protect the cartel.

 

[Toffeepot]

No.

That would remove any debt against the club, but it doesn't mean a big spending spree.

That's the whole point of FFP, even those with money in reserve can't spend it.

You can only spend in relation to your commercial income and player trading. So the 'global clubs' with 60m sponsorship deals for training kits are always protected? Next tier down means the up and coming clubs invariably have to sell their better players to re-invest and try and continue growing.

IE: Know your place. It's simply a mechanism to protect the cartel.

Theoretically Usmanov could sponsor the Soup ladels in the canteen for a couple of hundred mil and it should be legit.

 

[BirkenheadBlue]

Theoretically Usmanov could sponsor the Soup ladels in the canteen for a couple of hundred mil and it should be legit.

No. Because of his business relationship with Moshiri he’s classed as a “related party”, and any sponsorship from him needs to be at “fair market value” - or at least close enough to it so as not to be completely obviously dodgy.

 

[ForeverBlue92]

No. Because of his business relationship with Moshiri he’s classed as a “related party”, and any sponsorship from him needs to be at “fair market value” - or at least close enough to it so as not to be completely obviously dodgy.

Didnt Moshiri recently step down as chairman of USM or something similar?

 

[BirkenheadBlue]

Didnt Moshiri recently step down as chairman of USM or something similar?

Not so far as I heard, but even if he did, you'd be hard pushed to use that as a "nothing to see here guv" defence if things were ever investigated

 

[Toffeepot]

No. Because of his business relationship with Moshiri he’s classed as a “related party”, and any sponsorship from him needs to be at “fair market value” - or at least close enough to it so as not to be completely obviously dodgy.

I suppose that's fair enough! It would be too easy otherwise

 

[Marius57]

No. Because of his business relationship with Moshiri he’s classed as a “related party”, and any sponsorship from him needs to be at “fair market value” - or at least close enough to it so as not to be completely obviously dodgy.

They are pretty damn good soup ladles though. Would fetch a high price.

 

[catcherintherye]

No. Because of his business relationship with Moshiri he’s classed as a “related party”, and any sponsorship from him needs to be at “fair market value” - or at least close enough to it so as not to be completely obviously dodgy.

I believe that "related party" test has now gone with Moshiri's relative dilution in USM.

I mean even if it were there, it would be hard to prove what market value is. I would suggest the fair market value, is whatever someone in a free market is willing to pay, as opposed to what some pen pusher in UEFA thinks should be a fair value.

 

[BirkenheadBlue]

I believe that "related party" test has now gone with Moshiri's relative dilution in USM.

I mean even if it were there, it would be hard to prove what market value is. I would suggest the fair market value, is whatever someone in a free market is willing to pay, as opposed to what some pen pusher in UEFA thinks should be a fair value.

Yeah but that's the point - it's not a free market when it's your business associate doing you a favour.

 

[catcherintherye]

Yeah but that's the point - it's not a free market when it's your business associate doing you a favour.

In a free market you are allowed to sponsor who you wish. If you happen to have a good working relationship with someone that is up to you. I mean cronyism is absolutely inherent to freemarket dogma.

Like in a free market, if you want to go to your mates pub, that charges twice as much as the one up the road, that's up to you. All power is to you the consumer.

 

[BirkenheadBlue]

In a free market you are allowed to sponsor who you wish. If you happen to have a good working relationship with someone that is up to you. I mean cronyism is absolutely inherent to freemarket dogma.

Like in a free market, if you want to go to your mates pub, that charges twice as much as the one up the road, that's up to you. All power is to you the consumer.

Well, ok, put it this way - the "related party" rule will do something like look at other similar deals that have gone on with NON related parties, and use that as a measure for whether the deal is "fair market value"...

Now in the current climate, whether anyone would ever actually investigate it (so long as it was kept SOMEWHAT reasonable - no £300m soup ladle sponsorships for example) is another matter

 

[catcherintherye]

Well, ok, put it this way - the "related party" rule will do something like look at other similar deals that have gone on with NON related parties, and use that as a measure for whether the deal is "fair market value"...

Now in the current climate, whether anyone would ever actually investigate it (so long as it was kept SOMEWHAT reasonable - no £300m soup ladle sponsorships for example) is another matter

UEFA took City to court over this and lost though. And City were quite brazen in there approach. I happen to think we would get away with 300m for a soup ladle if we wanted too legally as most courts will hold up the decision that it's not for a bureacratic org like UEFA to stand in the way of the market.

If FFP was better constituted and not inherently flawed they might stand a chance of defending it.

Either way though, I don't think that will happen and I don't think that needs to happen.

 

[dholliday]

over 17,000 posts about Usmanov.

...it's on!

 

[Zatara]

Seeing the pitiful fines dished out to the Super League whoppers we may as well ignore FFP now.

 

[Toffee-nerd]

Not so far as I heard, but even if he did, you'd be hard pushed to use that as a "nothing to see here guv" defence if things were ever investigated

And if things were investigated what's the repercussion? Seems to me it's a fine and the "threat"of a European ban. Honestly I think if this guy is involved just throw caution to the wind and go for it. Spend big, bring big players in, break the mediocrity. If we do get a ban from Europe then so be it, big players have shown if you chuck enough money at them they will accept no champions league footy for a season or two.