Easy 10
Brain dead MUG SHEEP
What Barber has stated is in contradiction to what SSN are STILL reporting.
Someones not got the story straight.
Someones not got the story straight.
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[Football] Richard Scudamore: Premier League clubs asked for £250,000 towards £5m bonus
- Thread starter the right footed denilson
- Start date
Exactly.
WilburySeagull
New member
Have just read in the "i" that gift is subject to certain conditions concerning non-competition and advice to his successor. I would think this is not a "gift" in the normal sense and would be surprised if HMRC did not at least investigate.
Easy 10
Brain dead MUG SHEEP
So, fake news ? Or is Barber spinning this more than Shane Warne ?
I guess the clubs accounts will show in a year or so's time (when everyones forgotten about it).
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,327
Perhaps we could have a bucket collection for Scudamore at the next home game, assuming we ever have one 
Perhaps we could have a bucket collection for Scudamore at the next home game, assuming we ever have one
Don't be silly! After forking out £250K for Scudamore's leaving prezzie, how the hell can the club now afford a bucket?
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,327
Good point, well made. Perhaps an engraved FLASK then?
father_and_son
Well-known member
But it won't.
The club will just have received less revenue from EPL than we would have done had this mess not happened.
BHA's accounts will be fine. EPL's account will show an additional "exceptional expense" of £5m that means less money was available for distribution. But, I imagine that, amonst the largese in their accounts in a normal year, that this will be barely one sentence in the auditor's report.
Easy 10
Brain dead MUG SHEEP
That will indeed be the case if Barber's explanation is exactly how Scudamore receives this bung. But thats still not what the media are reporting.
If the media's version is correct, then we'd presumably see a £250k deduction somewhere in the accounts. It won't say "Pete's Prezzie" or "Scuda's Moolah" - I guess it'd be in amongst 'payments to Directors' or somesuch.
But I'm sure PB's version is the correct one...
Spoken like a true football fan
Please sign this petition to tell the Premier League to invest every single penny of this £5 million in grassroots football across Britain.
https://www.change.org/p/give-scuda...ake-to-grassroots-football-in-britain-instead
https://www.change.org/p/give-scuda...ake-to-grassroots-football-in-britain-instead
If the money were to come directly from the club, and personally, I’m happy to believe PB’s assertion that it isn’t, then part of it would be shown on this year’s P&L and part would be shown as a deferred liability on the balance sheet (because it’s being paid over 3 years).
The bit in the P&L wouldn’t be in “Directors’ emoluments” because, err, Scudamore isn’t a Director of the club. It would most likely be included in the “other operating costs” line in the P&L, and thus utterly unidentifiable. The club could choose to draw attention to it if they wanted (just as they could choose to highlight any individual cost line - say, payments made to architects to draw up hotel or monorail plans), but equally, they could choose not to.
It’s not an audit issue - the auditors simply report on whether the accounts show a “true and fair view” of the company's financial state at the balance sheet date.
Someone else hit the nail on the head earlier. The club will be picking up their share of the payment, but indirectly - the PL will have £5m less to distribute over the next three years than it would otherwise have had, and so the Albion’s revenue will be lower than it would have otherwise been.
Unless PB is a lying b’stard, which I don’t believe for a minute he is.
If media are reporting different facts, my view is that is they who are, let’s be charitable, confused.
I’m aware that I’ve addressed some points that you haven’t raised - but others have, and I wanted to have my say in only one response!
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I honestly think PB has this correct.
Scudamore is effectively being tied to the PL and not allowed to work for a competitor or poach staff for three years. Given the value of the broadcast deals and the inside knowledge that RS possesses, which would be worth a far larger sum than £5m to another potential employer, this payment is an effective insurance policy that will be worth paying in the views of the EPL.
The nature of the payment is that it does reduce the amount of money available to individual clubs, rather than owners having to write a cheque for £250k each to Richard Scudamore, but this works out at £83k a year for each of the clubs each year during that period, and if the club is relegated it will effectively be borne by the club that replaces them.
The story in the papers is more emotive, more click bait orientated, and more agenda driven.
I've no issue with what Scudamore is paid, he's delivered billions for the Premier League, which is what he was asked to do. If anyone on here was in a similar job they'd expect to be well rewarded, and get a significant bonus on occasion too.
Easy 10
Brain dead MUG SHEEP
Its interesting that this nuance has still not been referenced or acknowledged in ANY of the media reporting on this generous gift, none that I've seen anyway. We seem privy to it on here thanks to a direct response from our CEO at BHA, but the rest of the football world seems oblivious. I get the clickbait/shitstirring thing, but even David Gold, when questioned directly by reporters about it on leaving the meeting, made no reference whatsoever to the central PL account that is the source of this golden handshake, and did nothing to dispel the notion that the 20 clubs are directly paying it themselves. He just banged on about how worthy it all was.
David Conn referenced your goodself in his article on it here btw
https://www.theguardian.com/footbal...amore-5m-gift-premier-league-greed-grassroots
You swarthy old media whore you x
Gary Leeds
Well-known member
- May 5, 2008
- 1,526
So what about the £6 million bonus he was supposedly paid 2 years ago when he negotiated the current TV deal? he has been getting some nice bonuses throughout his career and from what I can tell it's his choice to leave so why the golden handshake?
It’s a non competition payment rather than a bonus.
Gritt23
New member
Do the club sound in teh least bit hacked off by it though, or did that Barber response come across as snipping at US for moaning about it?
The Large One
Who's Next?
It more comes across as putting the record straight.
Paul Barber is probably being about as open and as honest as he can be, given the nature of the situation. Does he have the remit from the other 19 clubs to say everything? Probably not.
What really hasn't helped is the story that was put out that the Chelsea chairman asked all other 19 PL chairmen for their clubs to cough up out of their own coffers - and that five clubs refused to do so. Given PB's message to El Pres (since posted on here), that is something which appears to require a large pot of salt to hand.
Marshy
Well-known member
Although I am still annoyed with the pay off, I am at least now happy the money will not come directly from us as I now understand it.
Its still money out of the game which could be spent on better things.
Its still money out of the game which could be spent on better things.