Foxes Trust Update – Shirt Sponsorship

I thought the accounting year just ended on 30 June came into the equation and what if they managed to squeeze the commencement of this deal into that accounting year - especially if the fee had to be paid up front?????
 
The fees for KDH and Enzo may get us over the line for last season.
Our points deduction will arise from the previous year(s).
 
People were moaning at the cost of the shirts then somebody pointed out they are some of the lowest priced on the PL.
If we chose to have a local sponsor and brought in tens of millions per season less then people would people be moaning again.
It’s a shit world but if you want to keep up with the opposition …….
Thankfully online gambling sponsors are banned in 2 years.
 
Some wanky impenetrable crypto-bollocks gambling company can't be as bad as say BetFred, who you'd walk past on your local high street.
Let's face it, if you're into fucking bitcoin you're likely a gambler out of control anyway....
 
Sohofox said:
I thought the accounting year just ended on 30 June came into the equation and what if they managed to squeeze the commencement of this deal into that accounting year - especially if the fee had to be paid up front?????
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foxesneverquit said:
@buz_not_buzz is our expert
Hopefully he will provide an update
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Generally clubs recognise income as revenue/turnover in the accounting year (i.e. football season) to which they relate (so if for example you buy a season ticket [not the cards] in the middle of May, it is in the balance sheet as deferred income in the year in which it is received and recognised in the P&L in the following year's accounts). I.e. when money is received is not a consideration. I would expect that unless the deal is structured in a way that says the actual sponsorship started prior to June 30th 2024 (which seems unlikely given when it was announced... what could they have possibly have sponsored in 2023/24?) the first year's P&L impact will be in 2024/25.
 
buz_not_buzz said:
Generally clubs recognise income as revenue/turnover in the accounting year (i.e. football season) to which they relate (so if for example you buy a season ticket [not the cards] in the middle of May, it is in the balance sheet as deferred income in the year in which it is received and recognised in the P&L in the following year's accounts). I.e. when money is received is not a consideration. I would expect that unless the deal is structured in a way that says the actual sponsorship started prior to June 30th 2024 (which seems unlikely given when it was announced... what could they have possibly have sponsored in 2023/24?) the first year's P&L impact will be in 2024/25.
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OK. Cheers, Buzz.
 
bnet said:
if you can't control yourself by gambling its your fault, you're fucking adults.
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Spot on. The fucking nanny state again trying to tell us we can’t have a bet, all these affordability checks are complete bollocks. Are we going to stop selling alcohol at the games because there are alcoholics in the ground? I don’t think so.
 
As far as I'm aware, people with 'addictive personality' issues are going to latch onto something or other. Banning gambling will just leave them to discover heroin, or gin, or fucking paracetamol, or big macs. They'll all be next....
 
Fucking hell. Pedant.
It's already starting for sponsorship in general and, like smoking, will spread wider and wider.
Clear enough now?
 
I’m still partial to the occasional swig of Laudanum (in moderation of course) but have lately switched my political allegiance from Whig to Labour!
 
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