There was a very low key announcement by City a few weeks ago. I'll see if I can dig something out.
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CAS judgement: UEFA ban overturned, City exonerated (report out p603)
- Thread starter jimharri
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There was a very low key announcement by City a few weeks ago. I'll see if I can dig something out.
SilverFox2
Well-Known Member
Nothing wrong with generating profit, we differ in that our owners continue to invest that profit in the Club whereas the other owners remove it for other purposes.Americans are the worse possible owners, all about profit.
We are so very lucky to have HRH.
Obviously, our owner is not in it for fun.Nothing wrong with generating profit, we differ in that our owners continue to invest that profit in the Club whereas the other owners remove it for other purposes.
A huge difference taking profit out of a company, rather than investing and watching the value of the business grow enormously.
MillionMilesAway
Well-Known Member
Burnley now find themselves with a big debt as a result of American leveraged buy out. What happens next to that club and the attitude of their supporters will be very instructive.
I did see a breakdown of it (can't remember where) which seemed to suggest that it was not going to help their finances much - that the negatives/repayment would have a negative effect on the cash available.
It may take a while to become clear to the fans.
Prestwich_Blue
Well-Known Member
That's not quite right. Omar Berrada (who is definitely a class act) is now COO of Football Operations at CFG, working closely with Ferran Soriano (who is CEO of CFG) & Txiki Begiristain on football matters. City don't have a CEO as such but Danny Wilson is running things, with the title of Managing Director, and he reports to Roel De Vries, who came in from Nissan and is COO of CFG. Hoping to meet Roel in a couple of weeks.Wonderful news, CFG was always Ferran's baby, we always needed a full time CEO at City and Omar is a class act, just like his big boss.
Lavinda Past
Well-Known Member
Very true, it ultimately depends on when and how the owner(s) decide to finally cash in on their investment(s)...Obviously, our owner is not in it for fun.
A huge difference taking profit out of a company, rather than investing and watching the value of the business grow enormously.
Some investors are in for the long run, some cut and run. Fortunately, ours seem to at least have a longer term growth plan.
Some clubs aren't so lucky.... ;-)
Ok thanks for that, fantastic that we have so many good people on board.That's not quite right. Omar Berrada (who is definitely a class act) is now COO of Football Operations at CFG, working closely with Ferran Soriano (who is CEO of CFG) & Txiki Begiristain on football matters. City don't have a CEO as such but Danny Wilson is running things, with the title of Managing Director, and he reports to Roel De Vries, who came in from Nissan and is COO of CFG. Hoping to meet Roel in a couple of weeks.
SilverFox2
Well-Known Member
Thanks for that info PB.That's not quite right. Omar Berrada (who is definitely a class act) is now COO of Football Operations at CFG, working closely with Ferran Soriano (who is CEO of CFG) & Txiki Begiristain on football matters. City don't have a CEO as such but Danny Wilson is running things, with the title of Managing Director, and he reports to Roel De Vries, who came in from Nissan and is COO of CFG. Hoping to meet Roel in a couple of weeks.
Our management structure starting to look like and even attract big hitters from other sectors of industry (eg Nissan).
Definitely showing the rest of the know it alls at top level in football that it's sector is not as special as they thought.
Aha, thanks. I read it somewhere, perhaps buried in another story. Maybe they have worked out things slightly differently to what was expected. Certainly Soriano is no longer CEO of City, so I obviously picked that up correctly.That's not quite right. Omar Berrada (who is definitely a class act) is now COO of Football Operations at CFG, working closely with Ferran Soriano (who is CEO of CFG) & Txiki Begiristain on football matters. City don't have a CEO as such but Danny Wilson is running things, with the title of Managing Director, and he reports to Roel De Vries, who came in from Nissan and is COO of CFG. Hoping to meet Roel in a couple of weeks.
I am slightly concerned at these double roles, as CFG expands attention will be divided, possibly to our detriment.
Cue Dyche ranting.I did see a breakdown of it (can't remember where) which seemed to suggest that it was not going to help their finances much - that the negatives/repayment would have a negative effect on the cash available.
It may take a while to become clear to the fans.
See @ prestwich blue at 446.Where have you got this from?
I can't see it anywhere
Thanks
No, no, no. They are in it as a plaything till they get bored, then City are in real trouble. (Prop Alan Green and loads of press arseholes)Very true, it ultimately depends on when and how the owner(s) decide to finally cash in on their investment(s)...
Some investors are in for the long run, some cut and run. Fortunately, ours seem to at least have a longer term growth plan.
Some clubs aren't so lucky.... ;-)
That's not quite right. Omar Berrada (who is definitely a class act) is now COO of Football Operations at CFG, working closely with Ferran Soriano (who is CEO of CFG) & Txiki Begiristain on football matters. City don't have a CEO as such but Danny Wilson is running things, with the title of Managing Director, and he reports to Roel De Vries, who came in from Nissan and is COO of CFG. Hoping to meet Roel in a couple of weeks.
Is it odd that the main part of CFG and the club with biggest hitters doesn’t have its own CEO or at least someone with that title whilst the smaller parts do
Pablo ZZZ Peroni
Well-Known Member
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Yep thanks - as I thought as per https://www.cityfootballgroup.com/See @ prestwich blue at 446.
Prestwich_Blue
Well-Known Member
I agree with both of you. City is 87% of CFG by revenue and generates the cash that other parts of CFG burn.Is it odd that the main part of CFG and the club with biggest hitters doesn’t have its own CEO or at least someone with that title whilst the smaller parts do
Omar was City COO before moving up to COO but I'm not convinced that Danny has the same freedom of action. I'd be more comfortable with a CEO or COO purely managing City, and another for the rest of CFG.
PannickAtTheDisco
Well-Known Member
well, I respect Danny but given his background and previous interaction with fans basics such as this seasoncard fiasco should not be happening under his watch.I agree with both of you. City is 87% of CFG by revenue and generates the cash that other parts of CFG burn.
Omar was City COO before moving up to COO but I'm not convinced that Danny has the same freedom of action. I'd be more comfortable with a CEO or COO purely managing City, and another for the rest of CFG.
jimharri
Moderator
The latest noise from Mrs Harris's lad seems to have died a death.
Yeah the fact no other major news outlet was bothering with it should have been his first hint that he was onto a loser of a story.The latest noise from Mrs Harris's lad seems to have died a death.
dickie davies
Well-Known Member
Fucking billy big bollocks name droppingHoping to meet Roel in a couple of weeks.
On first name terms already are we! ;-)