City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

[gordondaviesmoustache]

It shows why the ESL stuff was being forced through. They're scared of change.

I think, tbf, the ESL represented a pretty significant change!

 

[andyhinch]

Don’t normally do this, but can we change the thread title please. Football didn’t start in 1992.

2008 wasn’t it ?

 

[manimanc]

Listen let's not get too ahead of ourselves here, once the face establishes himself back into the first team the revenue from Phil Jones duvet covers will make up the loss.

Fuckin oil bastards ruining football...............


AND I LOVE IT!!!

 

[Blue Llama]

A rough calculation shows that our revenue will be around £537m against theirs of £464m, so we're nearly £75m ahead of them. Their matchday income is around £100m, whereas ours is around £55m, so that in itself doesn't help them. They went out the CL group stage whereas we got to the final but the season before, where the Europena competitions were delayed, they weren't in the CL at all and even though we only got to R16 (when we lost to Lyon) much of the money forthat will be included in these accounts.

So the current financial year could be close, depending on our respective CL performances. But if they don't get top 4 this season the 2023 FY should see us ahead again.

And when does the negotiation start for increased revenue on stadium name and shirt sponsorship?

 

[Keeper!]

Do you get cups for turnover?

Turnover in all businesses is a dick measuring ego trip, profit is king and success on the pitch is all that is important.

 

[Chippy_boy]

None of our money is ligit though is it, tbf. You need history and to have got your sponsorships through decades of success many years ago for it to mean anything.

 

[schfc6]

Or burying it in the sand/skewing an article to headline something else/adding irrelevant data from previous years to make a particular club look bad… and generally avoiding the big takeaway from it, as reported by the FT

Bayern Munich were the only top European league champions to make profit in 2020-21

Bayern Munich were the only champions from Europe's top eight leagues to make a profit in 2020-21 as the coronavirus pandemic hit European football, a report has revealed.

www.bbc.co.uk

Unbelievable Jeff!

“Although City's revenue increased, the club also recorded a net spend of 294m euros on transfers” how is this plausible?

Net was circa £40 m this summer & circa £75m 20/21. How have they got to £250m net spend??

 

[Marvin]

Do you get cups for turnover?

Turnover in all businesses is a dick measuring ego trip, profit is king and success on the pitch is all that is important.

It depends. In theory there should be a virtuous circle but not at Man Utd where City panicked executives into buying the likes of Pogba, Sanchez, Maguire and Ronaldo. And then there's their wage bill, debt repayments, dividends to the Glazers...

 

[manimanc]

“Although City's revenue increased, the club also recorded a net spend of 294m euros on transfers” how is this possible.

Net was circa £40 m this summer & circa £75m 20/21. How have they got to £250m net spend??

Simple!

They let a red mardarse write the article.

Oh I bet there was bubbles of snot and tears soaking the keyboard as the realisation hit home.

 

[Keeper!]

It depends. In theory there should be a virtuous circle but not at Man Utd where City panicked executives into buying the likes of Pogba, Sanchez, Maguire and Ronaldo. And then there's their wage bill, debt repayments, dividends to the Glazers...

Sadly the rags still make profits, their team is sh1t and long may it continue.

 

[schfc6]

Simple!

They let a red mardarse write the article.

Oh I bet there was bubbles of snot and tears soaking the keyboard as the realisation hit home.

It’s just such a bizarre line to take. I doubt gross we’ve spend near £300m in the last 2 years. Let alone net.

 

[Centurions]

“Although City's revenue increased, the club also recorded a net spend of 294m euros on transfers” how is this plausible?

Net was circa £40 m this summer & circa £75m 20/21. How have they got to £250m net spend??

Maths not your strong point then :)

You add the £40m + £75m together then double it and add a bit for luck. It's not rocket science for gods sake.

 

[Dave Ewing's Back 'eader]

It's all fake news - we don't earn anything at all from broadcast revenues, prize money etc. It all comes directly from the Sheikh's pocket, everyone knows that. Get with the programme!

Yeah, we're creaming off a slice every time a litre of diesel goes in a tank. And don't get me started on that fleet of oil tankers plying their way up the Ship Canal!

 

[Dave Ewing's Back 'eader]

“Although City's revenue increased, the club also recorded a net spend of 294m euros on transfers” how is this plausible?

Net was circa £40 m this summer & circa £75m 20/21. How have they got to £250m net spend??

Garth Crooks can't find the instructions for his Sinclair calculator so he's asked Dianne Abbot to run her eye over his sums.

 

[HelloCity]

To be fair to United our major deal with Puma is totally fake.

 

[Corky]

According to KPMG "estimates" based on no crowds and assumptions including united sponsors delayed payments due to COVID. Complete non-story.

 

[Marvin]

Sadly the rags still make profits, their team is sh1t and long may it continue.

Profits stem from revenue. As a football club owner you can plough it back into the football club, or you can take the money. This news illustrates the relative benefits of re-investing revenue back into your business vs hoarding it in the bank, or creaming off the surplus.

You're right of course, ultimately what matters is success on the pitch. Our success stems from the takeover and we are now a self-sustaining football club run in exactly the same manner as Man Utd were under Gill and Ferguson where massive commercial and broadcasting revenue underwrite success on the pitch.

If there are questionable owners wrecking football clubs, I think we know who they are.

 

[manimanc]

It’s just such a bizarre line to take. I doubt gross we’ve spend near £300m in the last 2 years. Let alone net.

I'd call it taking the bitter line.

Mate if city stopped famine, found a cure for covid and brought world peace you'd still get these lemon cunts at the BBC going "....ah yes but....".

We'll never get credit from them at the red mardarse towers and to be honest with you they have zero effect on my liking and my thinking.

They can polish the utd turd for as long as they wish, my eyes are wide open.

 

[KS55]

It depends. In theory there should be a virtuous circle but not at Man Utd where City panicked executives into buying the likes of Pogba, Sanchez, Maguire and Ronaldo. And then there's their wage bill, debt repayments, dividends to the Glazers...

A classic management speak diagram signifying nothing.
I know, I drew many in my time.

 

[KS55]

Yeah, we're creaming off a slice every time a litre of diesel goes in a tank. And don't get me started on that fleet of oil tankers plying their way up the Ship Canal!

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