15/16 financial results - £20.5m profit announced

[Silvercloud]

Revenue of £398.1m
Profit of £20.5m
Wages ratio down by 50%
All this, and completely debt free!

 

[Petrovs left peg]

Can't see anything on here but mail reporting profit of £20.5m off £391.8m revenue

 

[mancity dan]

http://www.dailymail.co.uk/sport/fo...airman-Khaldoon-Al-Mubarak-hails-figures.html

 

[rowarta]

BBC site from our favourite reporter Simon Stone (see last sentence) http://www.bbc.co.uk/sport/football/37685553

 

[rowarta]

http://www.dailymail.co.uk/sport/fo...airman-Khaldoon-Al-Mubarak-hails-figures.html

I liked these quotes from Professor Tom Cannon, a football finance expert who is based at the University of Liverpool

‘Any UEFA test over moving in the right direction City would pass with flying colours. The figures are really positive, especially where you look at where they were and where they are now. They have tightened up every area of their business and are running a very efficient ship. All they need to do now is win the Champions League and they will be laughing all the way to the bank.’

 

[Newman Noggs]

The Times has a tiny piece headed "City wage bill now less than United's" - Crikey ! Same wage bill as the thrifty Arsenal at £196m whilst the rags shelled out £232m for the privilege of reaching the Europa League.

 

[mancity dan]

http://www.telegraph.co.uk/football...nd-year-of-profit-under-abu-dhabi-owners-who/

Just wow - City also point out that with their ownership structure, under Sheikh Mansour bin Zayed al Nahyan, they operate with “zero debt” and with net assets of more than £677 million.

 

[jimharri]

BBC site from our favourite reporter Simon Stone (see last sentence) http://www.bbc.co.uk/sport/football/37685553

Bless. You can taste the hurt.

 

[tonea2003]

BBC site from our favourite reporter Simon Stone (see last sentence) http://www.bbc.co.uk/sport/football/37685553

just can't help his bitterness, always gives me a warm feeling

 

[Helmet Cole]

BBC site from our favourite reporter Simon Stone (see last sentence) http://www.bbc.co.uk/sport/football/37685553

Probably upset he couldn't find an excuse for an empty seats reference and he's taking today off work to listen to simply red CDs and wank off over his well worn video of the 99 cl final.

 

[Silva_Spell]

The Times has a tiny piece headed "City wage bill now less than United's" - Crikey ! Same wage bill as the thrifty Arsenal at £196m whilst the rags shelled out £232m for the privilege of reaching the Europa League.

Has been lower since Mancini left

 

[theinvisibleman]

BBC site from our favourite reporter Simon Stone (see last sentence) http://www.bbc.co.uk/sport/football/37685553

Yes, that last sentence is really relevant to the article......................

They never give up do they?

 

[BlueAnorak]

Shame we didn't get to £400m but marvelous results. I await the detail....

 

[portisheadblue]

In the section on Environment the Club report regarding the CFA that butterflies, moths and birds have returned and there are signs of dormice in this once derelict area.

Meanwhile the swamp is infested with rats of all types

Come on City

 

[BlueAnorak]

BBC site from our favourite reporter Simon Stone (see last sentence) http://www.bbc.co.uk/sport/football/37685553

just can't help his bitterness, always gives me a warm feeling

Yes a very warm feeling, indeed.

 

[HelloCity]

 

[ancoats]

we are in good hands

just makes me sick that the media just gloss over this sort of news
the foundation was built clear all debt build a winning team and a campus and CFC and now self running Profit every other club in the world would love to be in but the so called glory clubs in europe and england are running at a loss and build up big debts

why are united in debt the so called biggest club in the world hahaha still float around a debt of £450million based on assets the banks are laughing at them with interest rates united are playing a very dodgy card and with that bill owned to banks it only takes a very bad run and they could call in that debt

 

[blue b4 the moon]

@Prestwich_Blue come on bud, we're all waiting for your breakdown on this.

You always give a warm feeling when reading your thoughts on our finances (oo----er) ;)

 

[MillionMilesAway]

The figures would look rather less good without the CL run, but it sounds very healthy.

Quick question - Garside in the i claims that upwards of £2bn has been invested by the owners. Is that true? It sounds high to me.

 

[Rhapsody in Blue]

In terms of revenue, where are we ranked compared to the other teams in Europe?