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

[LangleyBlue1970]

Is it normal for an accountant to comment on accounts without reading them?

They’re red dipper accountant’s. Their accounting means more to them.

 

[ysmsa]

MonsLibpool​

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Re: Man City - the Lisbon Lyons, the Porto Pussycats, the Faro Financial Fairplayers​

« Reply #19830 on: Today at 05:22:53 pm »

I'm a professional accountant and I don't normally bother about the financial statements of clubs. There is absolutely no way these should turn a profit last season in "normal circustances".

They pay big wages and spent big money last season and their matchday revenue was insignificant because games were being played behind closed doors. However, common sense doesn't seemingly apply to these oil clubs because it's dodgy and should ordinarily alert regulators.

I'll give their account a read and revert.

We’re fucked. RAWK have an accountant on the case. Lol.

Good to see Ken Dodd's Accountant is still working!

 

[LangleyBlue1970]

tbf he does read it.


I've gone through it. It's mainly due to an increase in their tv revenue by about £100m and them making £30m more profit on player sales. The tv revenue is fair because it would been thoroughly audited and I think the EPL forfeited part of it during project restart. They also reached the Champions League final.

Did they sell anyone last season?

Their commercial recenue increased by around £30m

Where’s that from??

 

[jimharri]

MonsLibpool​

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Re: Man City - the Lisbon Lyons, the Porto Pussycats, the Faro Financial Fairplayers​

« Reply #19830 on: Today at 05:22:53 pm »

I'm a professional accountant and I don't normally bother about the financial statements of clubs. There is absolutely no way these should turn a profit last season in "normal circustances".

They pay big wages and spent big money last season and their matchday revenue was insignificant because games were being played behind closed doors. However, common sense doesn't seemingly apply to these oil clubs because it's dodgy and should ordinarily alert regulators.

I'll give their account a read and revert.

We’re fucked. RAWK have an accountant on the case. Lol.

They're obsessed with us, even though they'd try to have you believe that they don't care about us. It's a bit sad, to be honest.

 

[Gaz (FMwkdsoul)]

Where’s that from??

two posts under that post you put up in the same thread (i didnt know how to embed it)

 

[citizen_maine]

tbf he does read it.


I've gone through it. It's mainly due to an increase in their tv revenue by about £100m and them making £30m more profit on player sales. The tv revenue is fair because it would been thoroughly audited and I think the EPL forfeited part of it during project restart. They also reached the Champions League final.

Did they sell anyone last season?

Their commercial recenue increased by around £30m

Shame he didn't before he made his original comment though

 

[LangleyBlue1970]

two posts under that post you put up in the same thread (i didnt know how to embed it)

Ah I hadn’t refreshed.

 

[Semper aggressus]

How come ‘City income overtakes rag shits’ (or similar wording) isn’t a headline on the BBC football page?

 

[tolmie's hairdoo]

MonsLibpool​

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Re: Man City - the Lisbon Lyons, the Porto Pussycats, the Faro Financial Fairplayers​

« Reply #19830 on: Today at 05:22:53 pm »

I'm a professional accountant and I don't normally bother about the financial statements of clubs. There is absolutely no way these should turn a profit last season in "normal circustances".

They pay big wages and spent big money last season and their matchday revenue was insignificant because games were being played behind closed doors. However, common sense doesn't seemingly apply to these oil clubs because it's dodgy and should ordinarily alert regulators.

I'll give their account a read and revert.

We’re fucked. RAWK have an accountant on the case. Lol.

He used to do Derek Hatton's accounts for the council, no doubt.

Fuck me, another authority like these Twitter wannabe virologists.

 

[Prestwich_Blue]

Where are the actual accounts? P&L statements and all that?

They've put the wrong documents up. They've put the annual report where the financial statements should be. Fucking useless idiots.

 

[Shaffer92]

They've put the wrong documents up. They've put the annual report where the financial statements should be. Fucking useless idiots.

seems it's been corrected. looking through it now

 

[tolmie's hairdoo]

tbf he does read it.


I've gone through it. It's mainly due to an increase in their tv revenue by about £100m and them making £30m more profit on player sales. The tv revenue is fair because it would been thoroughly audited and I think the EPL forfeited part of it during project restart. They also reached the Champions League final.

Did they sell anyone last season?

Their commercial recenue increased by around £30m

£54m Leroy Sane, £19m Angelino, and £16m Otamendi say hi!

 

[LangleyBlue1970]

How come ‘City income overtakes rag shits’ (or similar wording) isn’t a headline on the BBC football page?

It is on Sky Sports. Not looked on Beeb

 

[Prater70]

I know that making money and beating the rags on revenue is not the point of Manchester City but oh how their boiling piss gladdens my heart.
Khaldoon says it and we are proving it, the objective is to make Manchester City THE BEST. I think we are now. Oh YES.
I can hardly believe what I have just typed. I'm 73 now, so many years of being patronized and belittled by the rags. KARMA KARMA KARMA.
(Calm down, you old fool.)

Same for me KS.(73). It is said we have to go through the bad times to appreciate the good ones, how true. Hope I have some more years left to see that lot over the road humiliated by us. Thank you to the Sheikh and Khaldoon and everybody at City.

 

[feelymcfeel]

two posts under that post you put up in the same thread (i didnt know how to embed it)

View attachment 34336

Christ, it sounds like he almost agrees with what the accounts say.

 

[Prestwich_Blue]

seems it's been corrected. looking through it now

It has. This line caught my eye:

An impairment charge of £18.7m has been recognised based on an assessment of first team players that are not expected to be a member of the first team playing squad.

I wonder who that could be referring to?

 

[feelymcfeel]

It has. This line caught my eye:

An impairment charge of £18.7m has been recognised based on an assessment of first team players that are not expected to be a member of the first team playing squad.

I wonder who that could be referring to?

Have we finally bit the bullet on Kaka?

 

[Prestwich_Blue]

Have we finally bit the bullet on Kaka?

More likely Isco.

 

[feelymcfeel]

More likely Isco.

There's still time. I keep my dancing shoes by the door on the off chance.

 

[KS55]

tbf he does read it.


I've gone through it. It's mainly due to an increase in their tv revenue by about £100m and them making £30m more profit on player sales. The tv revenue is fair because it would been thoroughly audited and I think the EPL forfeited part of it during project restart. They also reached the Champions League final.

Did they sell anyone last season?

Their commercial recenue increased by around £30m

Fair dos.