so apparently there have been comments made about a donation from a shareholder
can anyone expand
how much
when
for what
is it allowed under fair play rules
I know under Baker people paid for the players signing on fee
so how does this sit
don't listen to the long Podcasts as I cannot believe how so many commentaters are not in management as they all know what a player should be doing
so anyone shed any light on donation
shareholders donation
Moderators: Admin, Ralph, asl, Robin
As I understand it shareholder donations are fine so long as not in the form of a loan. No idea how much the investment was but I'm skeptical it was very much lets face it unless it's six figures it won't make much of a difference given what we need.
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horlickfanclub
- Posts: 3963
- Joined: 04 Aug 2011, 11:02
Share purchase or loan are ways money could come in.
So buying shares is a donation
giving a loan is a donation
When I give a donation to a charity ( I am not saying that CTFC is a charity) like Guide dogs or any other charity I dont expect shares or to be paid back
Surely a donation is a give away with no strings attached
When the sponsor pays wages as at Reading is that a donation
If I had bought shares I would not call it a donation, did the chairman ( a lawyer) say a donation on the radio
As discussed what is within the fair rules
Not that we will ever know
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London Exile
- Posts: 3198
- Joined: 06 Dec 2009, 15:48
Was the shareholder donation not in addition to the council loan to install the solar panels?andgarod wrote: ↑15 Jan 2024, 17:18 so apparently there have been comments made about a donation from a shareholder
can anyone expand
how much
when
for what
is it allowed under fair play rules
I know under Baker people paid for the players signing on fee
so how does this sit
don't listen to the long Podcasts as I cannot believe how so many commentaters are not in management as they all know what a player should be doing
so anyone shed any light on donation
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Jerry St Clair
- Posts: 1732
- Joined: 15 Aug 2011, 16:40
League One is covered by the Salary Cap Management Protocol which requires player salaries do not exceed 60% of relevant turnover.
“Relevant turnover” can include donations from benefactors, cash injections or equity injections.
So, essentially, money can be put into the club and added to the relevant turnover pot so we don’t breach SCMP rules.
“Relevant turnover” can include donations from benefactors, cash injections or equity injections.
So, essentially, money can be put into the club and added to the relevant turnover pot so we don’t breach SCMP rules.