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

[mad4city]

Re: City & FFP (continued)

The cartel, as you describe it, is about as rock solid as the Molotov–Ribbentrop Pact.

A bit of a clunky simile but more than worthwhile as it's actually avsublime analogy.
Back to your desk and take a gold star on your way, sir.

 

[fbloke]

Re: City & FFP (continued)

Abu Dhabi took F1 facilities to the next level and Europe is struggling to keep up with 'new' money.

The same is happening in footy, and the outcome will be the same too.

 

[Marvin]

Re: City & FFP (continued)

Anyone seen the price of oil recently?

You realise that it´s exactly how Opec wants it... ?

Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.

Exactly and one of many factors. IIRC Opec still controls around 80% of oil reserves so they can all wait. Plenty left in UAE, not to mention the gas fields that are soon to be developed offshore around Jebel Ali.

Anyway, I see that Airport City is underway back home and Eithad have a big slice of that, don't they?

To answer someone else, HH Sh Mansour has a day job as UAE Deputy Prime Minister and Minister for Presidential Affairs. He doesn't just drive around in his Range Rover in his Yaya shirt.

CFG is part of the UAE's diversification of its economy. These things are not done on a whim and are long term strategies, very long term.

As for Real Madrid, the Gulf states have had strong links with Spain since the end of Franco [especially with the Spanish Royals] and have invested much over the years. Spanish firms also have large contracts in UAE and elsewhere in the GCC. So it's no surprise to see some cross investment. UAE invests in RM and Qatar in Barca. Par for the course. Does not affect CFG or, indeed, MCFC.

May well be plenty of oil left in the ground, but if the cot of extracting it outweight the return what good is that?

Oil exporting economies are being hit - see Russia. US is now an exporter of oil but is not as reliant on these oil exports as other nations.

 

[squirtyflower]

Re: City & FFP (continued)

You realise that it´s exactly how Opec wants it... ?

Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.

Exactly and one of many factors. IIRC Opec still controls around 80% of oil reserves so they can all wait. Plenty left in UAE, not to mention the gas fields that are soon to be developed offshore around Jebel Ali.

Anyway, I see that Airport City is underway back home and Eithad have a big slice of that, don't they?

To answer someone else, HH Sh Mansour has a day job as UAE Deputy Prime Minister and Minister for Presidential Affairs. He doesn't just drive around in his Range Rover in his Yaya shirt.

CFG is part of the UAE's diversification of its economy. These things are not done on a whim and are long term strategies, very long term.

As for Real Madrid, the Gulf states have had strong links with Spain since the end of Franco [especially with the Spanish Royals] and have invested much over the years. Spanish firms also have large contracts in UAE and elsewhere in the GCC. So it's no surprise to see some cross investment. UAE invests in RM and Qatar in Barca. Par for the course. Does not affect CFG or, indeed, MCFC.

May well be plenty of oil left in the ground, but if the cot of extracting it outweight the return what good is that?

Oil exporting economies are being hit - see Russia. US is now an exporter of oil but is not as reliant on these oil exports as other nations.

the oil prices are being deliberately suppressed to affect the Russian economy imo

 

[aguero93:20]

Re: City & FFP (continued)

You realise that it´s exactly how Opec wants it... ?

Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.

Exactly and one of many factors. IIRC Opec still controls around 80% of oil reserves so they can all wait. Plenty left in UAE, not to mention the gas fields that are soon to be developed offshore around Jebel Ali.

Anyway, I see that Airport City is underway back home and Eithad have a big slice of that, don't they?

To answer someone else, HH Sh Mansour has a day job as UAE Deputy Prime Minister and Minister for Presidential Affairs. He doesn't just drive around in his Range Rover in his Yaya shirt.

CFG is part of the UAE's diversification of its economy. These things are not done on a whim and are long term strategies, very long term.

As for Real Madrid, the Gulf states have had strong links with Spain since the end of Franco [especially with the Spanish Royals] and have invested much over the years. Spanish firms also have large contracts in UAE and elsewhere in the GCC. So it's no surprise to see some cross investment. UAE invests in RM and Qatar in Barca. Par for the course. Does not affect CFG or, indeed, MCFC.

May well be plenty of oil left in the ground, but if the cot of extracting it outweight the return what good is that?

Oil exporting economies are being hit - see Russia. US is now an exporter of oil but is not as reliant on these oil exports as other nations.

Afaik Abu Dhabi are working off highly viable oil reserves and haven't moved into the harder to reach more expensive oil reserves yet, desalination of water is a bigger threat to their economic growth than falling oil prices and they seem to be expanding and diversifying their economy quite well into a picked number of areas (highly lucrative industries and markets that are closed to those without the high capital needed for original investment).

The Sheikh will be fine :)

 

[without a dream]

Re: City & FFP (continued)

Exactly and one of many factors. IIRC Opec still controls around 80% of oil reserves so they can all wait. Plenty left in UAE, not to mention the gas fields that are soon to be developed offshore around Jebel Ali.

Anyway, I see that Airport City is underway back home and Eithad have a big slice of that, don't they?

To answer someone else, HH Sh Mansour has a day job as UAE Deputy Prime Minister and Minister for Presidential Affairs. He doesn't just drive around in his Range Rover in his Yaya shirt.

CFG is part of the UAE's diversification of its economy. These things are not done on a whim and are long term strategies, very long term.

As for Real Madrid, the Gulf states have had strong links with Spain since the end of Franco [especially with the Spanish Royals] and have invested much over the years. Spanish firms also have large contracts in UAE and elsewhere in the GCC. So it's no surprise to see some cross investment. UAE invests in RM and Qatar in Barca. Par for the course. Does not affect CFG or, indeed, MCFC.

May well be plenty of oil left in the ground, but if the cot of extracting it outweight the return what good is that?

Oil exporting economies are being hit - see Russia. US is now an exporter of oil but is not as reliant on these oil exports as other nations.

the oil prices are being deliberately suppressed to affect the Russian economy imo

Clearly, pretty much everyone in the world is now operating below their break-even price some the UAE by a few dollars but plenty by a huge margin. Short-term money in most westerners pockets and a huge bitchslap to Putin telling him to watch his step. Inflation up to 17% in Russia now and it'll only go higher.

 

[coleridge]

Re: City & FFP (continued)

Many very interesting comments.

Good reply from SilverFox2!

Yes, the UAE economy is all about diversification based on long-term oil and gas revenue.

Shale oil and gas is an oil drop in the tanker.

Anyway, most Gulf states have currencies pegged against the USD, so any 'boom' in the States then benefits the currencies in the Gulf. I am sure that the US know all this. As someone said, it's a big bitchslap to Putin. Invading the Ukraine was a very stupid move and now the Russian people are paying the price big time, Ironically enough, Russians love investing in UAE and more will now come to escape the decline of the Rouble.

I suppose that we should get back 'on topic' and say that, as we all seem to agree, the investment in CFG/MCFC/Manchester in general is secure. There will be morons talking about a drop in oil price and 'the Sheikh walking out'. This is all, of course, wishful thinking from the jealous and the bitter, be that opposition fans or our learned 'free press'. They are all dreaming, of course.

 

[S04]

Re: City & FFP (continued)

Thing is of course that Ukraine is falling apart both politically and financially and the neo-fascists are taking more and more political control.. Who will pay the bill to keep Ukraine afloat when already three EU countries have demanded financial support as the stopped exports to russia are costing them billions every month?..

 

[bugsyblue]

Re: City & FFP (continued)

What does any of this have to with MCFC and FFP? Unless we're opening an oil rig in our name, I can't see us benefiting...

 

[SWP's back]

Re: City & FFP (continued)

Anyone seen the price of oil recently?

You realise that it´s exactly how Opec wants it... ?

Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.

So misguided.

 

[SWP's back]

Re: City & FFP (continued)

As everyone is talking about oil prices, here's a good article on it.

<a class="postlink" href="http://www.washingtonpost.com/business/economy/2014/12/01/904984b2-7971-11e4-9a27-6fdbc612bff8_story.html?tid=sm_fb" onclick="window.open(this.href);return false;">http://www.washingtonpost.com/business/ ... ?tid=sm_fb</a>

 

[gordondaviesmoustache]

Re: City & FFP (continued)

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

 

[S04]

Anyone seen the price of oil recently?

You realise that it´s exactly how Opec wants it... ?

Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.

So misguided.

Unless you are more experienced in the oil market or read more informed publications about it than I do I think we can disregard that comment Eh?

Opec have refused to cut production enough to stop the price drop as they usually do, instead they have created a formidable glut with the intention of driving the price down to the region of $50-60pB which does affects the whole competing fracking industry in a disasterous way.
Russia is affected but just in a non-vital way really as they don´t really need anything from outside their borders.

But feel free to argue your case by all means

 

[cleavers]

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

So you don't think that Sheik Mansour is about to give up in panic at the oil prices then ? That's a relief, I've been worrying about it all day.









{Hopefully aeroflot will go bust due to the poor russian economy though.}

 

[adrianr]

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

And that's why you pull in the big bucks.

 

[aguero93:20]

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

Nah, everyone will get bored and walk.

 

[Atypical]

Re: City & FFP (continued)

S04 Russia is wholly reliant on imports they only export oil.

The oil squeeze is seriously killing their economy.

 

[Blue Haze]

The cost of extraction in UAE/Saudi Arabia/Kuwait is very low. That's why they can weather these oil prices but Russia can't, where the price to extract is higher.

 

[gordondaviesmoustache]

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

And that's why you pull in the big bucks.

Thanks mate.


I also see food and the internet featuring quite heavily for next next few years, at least.

 

[S04]

S04 Russia is wholly reliant on imports they only export oil.

The oil squeeze is seriously killing their economy.

I doubt it´s that bad, the russian economy got almost no debt and as such it just strangles trade in general as there´s a shortage of financing opportunities, but of course the russians have started to create new ties to places like India and China to get around the sanctions.