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RULES - FINANCES

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1.0 BANK BALANCE
The team's bank balance will be updated and posted on the Finances page of the website, but it is for your good to make your own calculations to check your current monetary situation.
 
2.0 INCOME
Teams' income will be primarily from winning and drawing games in both the League and Cup. A win will result in that team being awarded £300.000, a draw will result in both team being awarded £150.000. This will be updated weekly when the finances page is updated. If a manager DOES NOT submit a team sheet, or doesn't give the commissioner prior notice that they will not be able to hand in a team sheet, then no win or draw bonus will be paid to that club.
 
3.0 EXPENSES
Teams' expenses will be primarily on buying players and possibly any fines. Teams do not receive any money from gate receipts or ticket sales to games. However, teams also do not pay player salaries, so the two fairly much cancel each other out.
 
4.0 DEBT
Clubs can no longer get themselves into debt. I f a club is found to be in debt when the finances are updated after the weekend games the games commissioner will auction YOUR BEST PLAYER to all other teams to clear the debt. A club found in debt shall also receive an automatic 6 league point deduction.
 
5.0 SPONSORSHIP
One way a club makes some money is through sponsorship. The sponsor will offer a club the option of 3 contracts varying from 1-3 seasons. The amount of money offered will be paid up front to the club, and no further payments are made during the life of the contract. The amount of money offered varies between teams, and is at the Board's discretion, however approximate values are:
1 Year Contract: £3 million 
2 Year Contract: £5 million 
3 Year Contract: £7 million  
There will be 2 types of sponsorship, stadium and shirt deals. The shirt can be posted at anytime of the season to a manager, but usually towards the start of a new season. The shirt deal will be a £1,000,000 deal paid directly to each team each year.
 
6.0 END-OF-SEASON FINANCIAL BENEFIT
At the end of each season, each club is given an amount of money based on where they finished in the league. The higher a team finishes, the more money they receive.
 
7.0 TEAM SHEET BONUS
Managers who consistently submit their team sheets will now be rewarded at the end of each season. For Season 3 the reward will be as follows:-
NO MISSED TEAM SHEETS - £7,500,000
1 MISSED TEAM SHEET - £2,500,000
If a valid reason is given BEFORE the team sheet deadline then this will not be counted as a missed team sheet, if a reason is given AFTER the team sheet deadline, (Unless in extreme circumstances), this will not be accepted and will be counted as a missed team sheet.

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