Salary Cap Shenanigans

[Red Willow]

There is much to comment on in this. There is a difference between earned income and a rich benefactor. The rich benefactor is a dangerous way to be funded as my team illustrates.  Koukash caused more issues in the long run.

[Padge]

46 minutes ago, Red Willow said:

There is much to comment on in this. There is a difference between earned income and a rich benefactor. The rich benefactor is a dangerous way to be funded as my team illustrates.  Koukash caused more issues in the long run.

The problem is when they believe they can just buy success, those days are long gone (if they ever existed).

 

 

[Les Tonks Sidestep]

10 hours ago, JohnM said:

So how much has Beaumont actually put in? Money he has put in and does not expect to see again.

My point being that he is not necessarily exceptionally wealthy but that he has also embarked on a personal crusade to make the club sucessful and without that ,money alone is will not ensure success. He's therefore done something that any other similarly fixed club could have done but hasn't. 

Latest accounts show AB Sundecks, rather than him funding directly, to have sponsored the club to the tune of £1.325m in 2023.

[The Phantom Horseman]

10 hours ago, Harry Stottle said:

I had a few long discussions with fans of Fev in '23, I stated that they had spent quite a lot on their team squad, I said had if they add to that expenditure and get some more high profile signings they could virtually guarantee promotion and the reward would be SL funding and increased crowds the next season, fail and all they have spent will be flushed down the plughole, in hindsight they have not recovered from that, Fev fans told me they could not afford to speculate any more on their squad, I still believe to do so would have paid dividends, especially being in SL with IMG coming.

Indeed you did. It was made repeatedly clear to you that Fev had already "speculated to accumulate" as you had put it and had gone way beyond that too, but you wouldn't listen. Fev have very much paid the price this year for that final attempt to crack SL, and it does you no credit that you're still maintaining they should have gone even further towards potentially bankrupting the club. 

[Alffi 7]

1 hour ago, Les Tonks Sidestep said:

Latest accounts show AB Sundecks, rather than him funding directly, to have sponsored the club to the tune of £1.325m in 2023.

Out of interest is there anything in the IMG rulings to say this isn’t accepted? I know in the football FFP you can’t have an owner sponsoring the club an exorbitant amount right?

Edited October 22, 2024 by Alffi 7

[Damien]

28 minutes ago, Alffi 7 said:

Out of interest is there anything in the IMG rulings to say this isn’t accepted? I know in the football FFP you can’t have an owner sponsoring the club an exorbitant amount right?

I personally don't see the issue. If owners want to plough money into the club that's great, we need more like that.

[sweaty craiq]

32 minutes ago, Alffi 7 said:

Out of interest is there anything in the IMG rulings to say this isn’t accepted? I know in the football FFP you can’t have an owner sponsoring the club an exorbitant amount right?

If there is Huddersfield are luvved big time - the owd way was DLs and they really messed up things. 

[Chrispmartha]

1 hour ago, Alffi 7 said:

Out of interest is there anything in the IMG rulings to say this isn’t accepted? I know in the football FFP you can’t have an owner sponsoring the club an exorbitant amount right?

AB Sundecks isn’t Derek Beaumont, they are separate entities, I don’t see the issue, well not in RL anyway as the sums are vastly different to football

[dealwithit]

Derek said he restructured some of his investment for the img points. He may have lowered some of the sponsorship and increased some of the owner investment to get max points. 

[JohnM]

The soccer issue was  I think, about, undervaluing ( or was it overvaluing?) in the accounts the value of things like sponsorship from related organisationd,  not about sponsorship Percy.

[gingerjon]

2 hours ago, JohnM said:

The soccer issue was  I think, about, undervaluing ( or was it overvaluing?) in the accounts the value of things like sponsorship from related organisationd,  not about sponsorship Percy.

They have to be 'fair market value'. The recent case was about the processes and timescales behind the Premier League's monitoring, and City won on that, but I don't think it said the idea was wrong.

[gingerjon]

9 hours ago, Chrispmartha said:

AB Sundecks isn’t Derek Beaumont, they are separate entities, I don’t see the issue, well not in RL anyway as the sums are vastly different to football

Yup. To put it in the bluntest terms possible, if Degsy is hit by a bus on his way to the ground, Leigh Leopards would carry on, AB Sundecks could carry on, but Derek Beaumont will not carry on. Three distinct entities, even if one man is essentially all of them right now.

[Dave T]

Would AB Sundecks money be recognised as income instead of owner investment? Doesn't this leave it.open to manipulation? I 5hink we open a can of worms though if we start trying to manage value of sponsorship deals.

[Les Tonks Sidestep]

26 minutes ago, Dave T said:

Would AB Sundecks money be recognised as income instead of owner investment? Doesn't this leave it.open to manipulation? I 5hink we open a can of worms though if we start trying to manage value of sponsorship deals.

Fairly sure sponsorship would be classed as 'non-centralised income' gaining them more points for both the £ and % measures of that than would be gained through 'owner investment'. Iirc Beaumont said at the start of all this that he was seeking advice on the best way to 'play' the system.

[Dave T]

22 minutes ago, Les Tonks Sidestep said:

Fairly sure sponsorship would be classed as 'non-centralised income' gaining them more points for both the £ and % measures of that than would be gained through 'owner investment'. Iirc Beaumont said at the start of all this that he was seeking advice on the best way to 'play' the system.

Which i think is fine, but I can see a time where market value may need to be considered. Clearly that sponsorship ain't a £1.35m deal. However isn't the difference that it ain't a loan, so maybe that's fine?

[Padge]

The difference between AB Sundecks sponsorship money and director money is that directors put money in as loans that way they can always claw it back. Sponsorship is a straight cash in the bank business transaction, where the sponsor in effect buys the rights to advertising space.

 

[Just Browny]

1 hour ago, gingerjon said:

Yup. To put it in the bluntest terms possible, if Degsy is hit by a bus on his way to the ground, Leigh Leopards would carry on, AB Sundecks could carry on, but Derek Beaumont will not carry on. Three distinct entities, even if one man is essentially all of them right now.

Glad you didn't say train.

[gingerjon]

15 minutes ago, Just Browny said:

Glad you didn't say train.

The restraint it took not to.

We're playing all the hits today.