FSG PR plant
- Aug 13, 2008
It might not be that minimal - a commission of 5-10% would not be shocking, but would have a material effect on those numbers. By comparison, all of ManU's comparable work (and costs) are inhouse and shown in their financials.FSM wouldn't be charging more than they charge other commercial clients so it is minimal as to how much (if any) they would be taking out via that method.
At the end of the day, FSG owns Liverpool too and I don't think that they are that hungry about yield that they need to take it out in a backhanded way.
As a mechanism, I don't really have a problem with it as long as growth continues at a reasonable pace. Although I am not blown away by the current rate, it is solid - and I think the last two years are probably more indicative of the current norm than the entire time frame LowtonRed posted about. These numbers might shift dramatically with the next shirt deal - the Warrior/NB was category-changing at the time, but being the first has meant that every subsequent deal has outstripped it.
I would personally prefer to have that amount transparent, but at the end of the day, LFC is a private company and we already have far more information than is available about the Red Sox finances. There would always be fans raging over every pound that FSG directed to itself as being 'LFC's money', ignoring the reality that the club was purchased with 100's of millions of FSG money - much of which likely came from a similarly structured Red Sox marketing deal.