City post record revenues of £473.4million for 16/17

Discussion in 'Bluemoon forum' started by ManCityX, 8 Nov 2017.

  1. Ric

    Ric

    Joined:
    22 May 2004
    Yeah, I always look forward to his views on our accounts. Worth a read:
    https://twitter.com/SwissRamble
     
  2. Jordie

    Jordie

    Joined:
    26 Jul 2009
    Location:
    In the corner of the morning in the past
    New kit deal and sponsorship deal will be announced just after the announcement of Messi signing on a free, that should bump up the figures a little.
     
  3. Cityfan

    Cityfan

    Joined:
    28 Jan 2009
    Looks like Prestwich Blue is chatting about the accounts on the 93:20 podcast for anyone who is interested .I haven't listened yet but will do later.
     
  4. Pablo ZZZ Peroni

    Pablo ZZZ Peroni

    Joined:
    19 May 2014
    Excellent podcast - very nice work @Prestwich_Blue
     
  5. Mr.Banks

    Mr.Banks

    Joined:
    6 Jan 2009
    Location:
    Away from the Numbers
    Where is that? I can't find it in the list on soundcloud?
     
  6. waspish

    waspish

    Joined:
    25 Jan 2009
    Location:
    Blue Moon
    Subscription based £40 a year or you can pay 6 monthly. Have to say well worth it load more content.
     
  7. BlueAnorak

    BlueAnorak

    Joined:
    31 Oct 2010
    The Bernardo Silva purchase is not included in the financial report - it is listed as an event not included in the report. Due to amortisation It won't have an impact till 2022 anyway.
     
    Last edited: 15 Nov 2017 at 1:43 PM
  8. Cityfan

    Cityfan

    Joined:
    28 Jan 2009
    Any purchase will have an effect, the following year. The amortisation spreads the purchase cost over the period of the contract, so in a five year contract after one year 20% of the price will be removed from our assets and costed as an expense surely?
     
  9. BlueAnorak

    BlueAnorak

    Joined:
    31 Oct 2010
    So this season = 20% of his transfer fee.
    2018/19 season = 20% of his transfer fee.
    2019/20 season = 20% of his transfer fee.
    2020/21 season = 20% of his tranzfer fee
    2021/22 season = 20% of his transfer fee.
    If his purchase was included in last season's accounts his transfer fee would disappear off the books in 2021 leaving that money available for other fees in season 2021/22. Hence my comment about it not making any difference till 2022 (when the season 2021/22 accounts are prepared and published).
     
    Last edited: 15 Nov 2017 at 4:18 PM
  10. blueparrot

    blueparrot

    Joined:
    7 Jun 2012
    The difference is if he had been included on last years figures we would already have paid his amortised fee last year. As it is he wasn't so we have to find his 20% amortised fee in addition to what we made last season, along with the fees for our other summer / January 18 signings. Not that I think that's a problem.
     

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