City's 2016 financial results

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Prestwich_Blue

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As the season and financial year come to an end, I've been looking at the figures I estimated for the year and have updated them. I've no idea how accurate they'll be but I'm estimating the following:
  • Turnover - around £400m.
  • Earnings (income less operating expenses) around £120m.
  • Depreciation & amortisation around £80m.
That gives an operating profit of around £40m.
  • Profit on the sale of players will be at least £25m (although could be a bit more as I've no idea when some deals were actually crystallised). Adding in Jovetic probably takes it to £30m
That means net profit before tax could be around £65-70m.
 
Last edited:
Prestwich_Blue said:
As the season and financial year come to an end, I've been looking at the figures I estimated for the year and have updated them. I've no idea how accurate they'll be but I'm estimating the following:
  • Turnover - around £400m.
  • Earnings (income less operating expenses) around £120m.
  • Depreciation & amortisation around £80m.
That gives an operating profit of around £40m.
  • Profit on the sale of players will be at least £25m (although could be a bit more as I've no idea when some deals were actually crystallised). Adding in Jovetic probably takes it to £30m
That means net profit before tax could be around £65-70m.
Click to expand...

That doesn't include the new tv deal does it?

If not how much more would we be looking at next season with that? Or would that depend on how much we spend this year?
 
Prestwich_Blue said:
As the season and financial year come to an end, I've been looking at the figures I estimated for the year and have updated them. I've no idea how accurate they'll be but I'm estimating the following:
  • Turnover - around £400m.
  • Earnings (income less operating expenses) around £120m.
  • Depreciation & amortisation around £80m.
That gives an operating profit of around £40m.
  • Profit on the sale of players will be at least £25m (although could be a bit more as I've no idea when some deals were actually crystallised). Adding in Jovetic probably takes it to £30m
That means net profit before tax could be around £65-70m.
Click to expand...

Your estimates are usually fairly accurate.. But as you mention we must guess the impact of players leaving.
 
Very hard to predict but given the progress in Europe, bigger gates and other general upward trends i would agree on £400m or over for turnover. What we don't know is how the player trading goes through the accounts - the dates of transfers and book value of players sold is never going to be disclosed so it leaves us guessing.
 
Prestwich_Blue said:
As the season and financial year come to an end, I've been looking at the figures I estimated for the year and have updated them. I've no idea how accurate they'll be but I'm estimating the following:
  • Turnover - around £400m.
  • Earnings (income less operating expenses) around £120m.
  • Depreciation & amortisation around £80m.
That gives an operating profit of around £40m.
  • Profit on the sale of players will be at least £25m (although could be a bit more as I've no idea when some deals were actually crystallised). Adding in Jovetic probably takes it to £30m
That means net profit before tax could be around £65-70m.
Click to expand...
Thanks Prestwich_Blue no wonder we are spending big!
 
dickie davies said:
and the great thing is,.our owner isn't arsed about making a profit. He's happy with a breakeven self sufficient, successful club
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Where's he ever said that? That's just assumed. He will eventually want city and the city group in general to be a money making business if you ask me.
 
Do we get a loan fee for any of our players. I appreciate for the likes of Roberts and Byrne we won't as the clubs they are at are essentially working for us in developing these player.

But say Denayer. After his Celtic spell, there was probably quite a few clubs vying to signing him on loan.
 
bugsyblue said:
Where's he ever said that? That's just assumed. He will eventually want city and the city group in general to be a money making business if you ask me.
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It will. Anyone who think otherwise hasn't been paying attention to the evolution of football commercially in the last generation or so. It is becoming one of the largest, most powerful entertainment products on the planet. Owning a leading football club will be the 21st century equivalent to owning a national newspaper a century ago.
 
http://swissramble.blogspot.co.uk/2015/10/manchester-city-modern-world.html

Profit on player sales was £14 million higher, but the main driver of the better figures in 2014/15 was a reduction in costs, as the wage bill was cut by £11 million

This has not been a great money-spinner for City recently, but next year’s accounts will benefit from a number of players leaving the club, which has generated sales proceeds of around £48 million (Alvaro Negredo to Valencia £24 million, Rony Lopes to Monaco £9 million, Karim Rekik to Marseille £3.5 million, Scott Sinclair to Aston Villa £2.5 million and Dedrick Boyata to Celtic £1.5 million) and £5 million of loan fees (including Edin Dzeko to Roma £2.9 million and Stevan Jovetic to Inter £2 million). Dzeko’s loan was made permanent in October, bringing in an additional £8 million.
After deducting accumulated amortisation, all those deals could bring in over £40 million of profits in 2015/16 with a further £10 million due if the other loan deals are made permanent (though that might only hit the 2016/17 books).
 
Can't wait for UEFA to penalise us for a positive financial position....
 
For finishing 4th (rather than 2nd), league bonus payments will drop but progressing to the CL semi-final may keep them at roughly the same level.
For example, assuming player X is on £160k a week, the max bonus wage would be about £240k but I can't see the bonus getting higher than £190k - less if big CL bonus uplift depends on getting to the final.
 
WRicko said:
http://swissramble.blogspot.co.uk/2015/10/manchester-city-modern-world.html

Profit on player sales was £14 million higher, but the main driver of the better figures in 2014/15 was a reduction in costs, as the wage bill was cut by £11 million

This has not been a great money-spinner for City recently, but next year’s accounts will benefit from a number of players leaving the club, which has generated sales proceeds of around £48 million (Alvaro Negredo to Valencia £24 million, Rony Lopes to Monaco £9 million, Karim Rekik to Marseille £3.5 million, Scott Sinclair to Aston Villa £2.5 million and Dedrick Boyata to Celtic £1.5 million) and £5 million of loan fees (including Edin Dzeko to Roma £2.9 million and Stevan Jovetic to Inter £2 million). Dzeko’s loan was made permanent in October, bringing in an additional £8 million.
After deducting accumulated amortisation, all those deals could bring in over £40 million of profits in 2015/16 with a further £10 million due if the other loan deals are made permanent (though that might only hit the 2016/17 books).
Click to expand...
My figures don't include Negredo & Sinclair as I think both deals were finalised just before the year end, so were presumably included in 2015's figures.
 
Doesn't the money from Chinese come into account. How does this affect the figures?
 
We're bound to save a bit of dosh if we let go of Yaya and Kolarov, who came in when we were offering abnormally large wages.
 
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