Stock option backdating closure letter

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So, assuming the term is 5 years, that would represent an expense of £40m in the accounts for each of the 5 years of the contract.Interestingly, if the contract fee were paid direct by QTA and not put through PSG accounts, then presumably there would be no amortisation in the club accounts.Although UEFA have made all efforts to help clubs get over the FFP Break Even line, and have been determined to avoid issuing harsh punishments, things could be different this time.PSG failed the Break Even test in 2014, and, although the punishment is now ‘spent’, it is hard to see them taking such a lenient line with the club for such second, flagrant transgression that has made a mockery of the rules and so angered Barcelona.Moving from an assessment over one season to an assessment over three seasons has presented some challenges.

We should probably disregard the stories about Barcelona asking UEFA to carry out an immediate FFP investigation; for one thing, there is no facility within the rules for one club to lodge an appeal against a potential breach of the FFP rules by another club, before an FFP Break-Even test has been failed.Nothing is off the table; the Football League are now able to impose a points deduction during the current season, or demote a club from an automatic promotion position into the play-offs (or out of the play-offs altogether).Transfer embargoes are also available (with the earliest one potentially applying during the Summer 2017 Transfer window.For this reason (and owing to the Third Party ownership rules), I suspect the only way QTA could make this work would be to pay PSG around £70m a year as additional 'sponsorship'.PSG would then buy Neymar on a 5 year deal from Barcelona.

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