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

[Corky]

Kpmg being our auditor and City having confirmed the figures (and releasing them publicly in the next week) - and United’s being already publicly available says it IS a story

Not comparing like with like if sponsor payments are deferred for one club and not the other, empty grounds not being usual either, plus KPMG have been massively discredited this week unlike City's actual auditors BDO.

We are well behind this financial year no doubt.

 

[Bandofblues]

“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??

£135m in bungs to UEFA, CAS, the PL, Pigmol......

 

[trevorriley]

with so much money now lets extend the north stand, we might not fill it but it will look well smart then.

 

[Bluewonder]

Simply not true and the same for any business.

We are in a very fortunate position where the majority owner is not involved with us for profit but to substantially increase his investment long term, as long as we are self financing all is good.

We are in a unique and fortunate position, Roman at Chelsea has put fortunes into the club, but as loans and IF he sells he would probably want those loans repaying in full.

Cash generated from operations to fund transfers is likely the most important metric for a football club. This is of course driven by turnover and key costs such as player wages.

Profit is meaningless as a football club doesn't or shouldn't (cough cough, Glaziers) exist to turn a profit.

 

[SWP's back]

Simply not true and the same for any business.

We are in a very fortunate position where the majority owner is not involved with us for profit but to substantially increase his investment long term, as long as we are self financing all is good.

We are in a unique and fortunate position, Roman at Chelsea has put fortunes into the club, but as loans and IF he sells he would probably want those loans repaying in full.

I’m right and I’ll say the key point again, profit most certainly isn’t king in football. Especially so at City. Especially so in the age of FFP where turnover is key.

 

[SatOnTheWall]

*cough cough cough cough cough cough*

Is that the sound of baconface expiring?

 

[MadchesterCity]

I'm not sure how meaningful "overtaking Utd" actually is ... because it covers a time when they didn't have 75000 Irish / Welsh / tourists / Londonders in their stadium every other week.

But even if our turnovers are only similar, it raises the question again of why they are constantly moaning about not being able to compete with us.

Fact is, they can (and do) spend every bit as much as us ... they just keep finding people like Sanchez, Pogba, Schweinsteiger, Depay, etc, etc who seem to give up on football as soon as they arrive. Even someone with the self confidence & drive of Ronaldo seems a bit out of sorts now he's wearing their shirt ? It's weird, but great for us City fans to see !

Most likely the fumes from the swamp

 

[NMB]

More piss in the pan.

The Echo will seek a full independent enquiry

 

[Rochdale Blue]

The Echo will seek a full independent enquiry

Has anyone informed rawk yet?

 

[Colin Bells Boots]

View attachment 34307

Arrogant **** - I hope he reads that and fucking chokes .

 

[Gareth Barry Conlon]

Cash generated from operations to fund transfers is likely the most important metric for a football club. This is of course driven by turnover and key costs such as player wages.

Profit is meaningless as a football club doesn't or shouldn't (cough cough, Glaziers) exist to turn a profit.

Agree - cash generated to cover the cost of the squad (wages + amortised fee's) is the key factor all clubs will look at. Wages are a bigger cost than fees now and will continue to be.

The above assumes that all other costs are accounted for. For the likes of the rags the owners are draining money out and that is a massive problem for them. In addition you have paying for infrastructure and historic debt. When you factor all those things in we get a tick in every box, we dont have any of these problems.

The teams that can tick these box's; us, PSG, Bayern Munich and Chelsea are in a very strong position.

 

[richards30]

with so much money now lets extend the north stand, we might not fill it but it will look well smart then.

yeah i personally think doing that and doing alot of external comestic work on the stdium would be a priority to be honest as it would ram home that we want to have the best of everything? Really dont think they will build a brand new one but the etihad needs to be made one of the best with the north stand expanded (hopefully a single tier wall type) and the whole exterior LED wrapped to really stand out.

 

[ffs]

Most likely the fumes from the swamp

Since 1992 city net spend 2.096 billion=6 titles (including this season)
Liverpool =£1.62 billion = 1 pl title
Chelsea £2.201 billion net spend = 5 pl title
And they say we bought the title

 

[blue b4 the moon]

Is that the sound of baconface expiring?

Runs to fridge.

 

[tolmie's hairdoo]

Well our turnover is massive and our profits are tiny, who cares, we win lots of silver pots and have the worlds best players and manager.

That won't be the case for much longer. Once the arena opens there will an extra £50m a year flowing into CFG.

 

[jrb]

The c*nts can't write a positive headline about City without having a sly dig. It's a continual war of attrition against City.

What has Ferguson and the noisy neighbours got to do with the article?

Charlie Walker - the Daily United.

 

[MadchesterCity]

Runs to fridge.

And freezer surely?

 

[SilverFox2]

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.

Yes whatever happened to the old financial comment "Turnover for show profit for dough?"

 

[AlfGreyruinedmyday]

The c*nts can't write a positive headline about City without having a sly dig. It's a continual war of attrition against City.

What has Ferguson and the noisy neighbours got to do with the article?

Charlie Walker - the Daily United.

The noisy neighbours have invested in their house whilst the foolish grumps have sat on their hands hoping and spraying the cash on tat.

 

[Del_Bosque]

The c*nts can't write a positive headline about City without having a sly dig. It's a continual war of attrition against City.

What has Ferguson and the noisy neighbours got to do with the article?

Charlie Walker - the Daily United.

Surely that’s poking fun at what Fergie said back then?