2014/15 accounts released - £10.7m profit

[ONTHERUNWITHTHAKSIN]

But Yaya's Cake cost more than they thought though.......

His fucking candles cost more than the cake

 

[Sir peace frog]

Re. your first paragraph, you are quite right in assuming that. ADUG puts in money via the purchase of shares, which we issue as required. He will only get back what any buyer pays for those shares. He could get back more than he paid or he could get back less.

You are also right with your second paragraph. I can tell you that just before the ADUG takeover, when Shinawatra had put us on our knees financially, I was talking with others (including David Bernstein) about buying the club and we were told the price was around £20m to buy it as a going concern, which is roughyl what Shinawatra paid for the shares in 2007. If we let it go into administration, the price was more likely to be around £2m. It's difficult to know what the potential value is as there's nothing recent to judge it against but they talk about the rags being worth up to £1.5bn. Even if we were worth half that, that's showing some return for the money. In the next few years, we'll hopefully be one of the world's leading clubs and showing net profits of £100m every year. That's worth a billion of anyone's money.

I reckon we should all chip in and buy the club.


this time next year we could be millionaires :)

 

[Sergio<3]

So when are we signing Messi??

 

[inchy14]

Thanks PB, I keep hearing from bitter cunts that we'd have very little commercial revenue if it wasn't for Abu Dhabi. As the club don't publish a breakdown I've got nothing factual to go on to put them in their place, that's why I'm curious to know.

I just ask the fuckers where their owners are from then follow up with who their shirt sponsors are and where are they from, usually shuts the cunts up.

 

[roypaulknewmyfather]

I read that the Abu Dhabi royal family have overseas assets worth $1trillion. Seems to me they don't get "fed up" and walk away from anything. They're astute business people who know a winner. Long may that winner be City

 

[Vienna_70]

Ain't that the truth? What those morons on RAWK and Red Cafe fail to realise with all these multi-year commercial deals are that:-

1 Sponsorship deals for all PL clubs have risen and will most likely continue to rise rapidly. What appears to be a high figure at the start of a contract appears to be undervalued half way through the deal and peanuts at the end.

2 Sponsors are prepared to pay a premium to be associated with City because they know that they are dealing with serious people with a coherent long term strategy to achieve their long term goals. The risk of wasting their money is minimal.

3 As a serious business we employ top level people to secure these deals. We probably have the best commercial department in the world.

The Etihad deal was the deal of a lifetime ... for Etihad Airways. If the deal ended tomorrow we could easily get double the current rate from a non Abu Dhabi sponsor. The so called "friendly deals" have in fact all worked out in favour of the Abu Dhabi sponsors. They had the competitive advantage initially over their rivals of knowing exactly who Sheikh Mansour was and how serious he was. Now companies like Nissan, SAP, Heineken and Hays Consulting have been more than happy to jump on the bandwagon. If people want to look for dodgy deals I suggest they look no further than Chevrolet or Warrior.

Wilf, don't you know all those companies you mentioned are owned by Sheikh Mansour?

;-)

 

[Centurions]

Re. your first paragraph, you are quite right in assuming that. ADUG puts in money via the purchase of shares, which we issue as required. He will only get back what any buyer pays for those shares. He could get back more than he paid or he could get back less.

You are also right with your second paragraph. I can tell you that just before the ADUG takeover, when Shinawatra had put us on our knees financially, I was talking with others (including David Bernstein) about buying the club and we were told the price was around £20m to buy it as a going concern, which is roughyl what Shinawatra paid for the shares in 2007. If we let it go into administration, the price was more likely to be around £2m. It's difficult to know what the potential value is as there's nothing recent to judge it against but they talk about the rags being worth up to £1.5bn. Even if we were worth half that, that's showing some return for the money. In the next few years, we'll hopefully be one of the world's leading clubs and showing net profits of £100m every year. That's worth a billion of anyone's money.

According to http://www.bbc.co.uk/sport/0/football/34531770 "City say the club is now valued at £676m". I presume that's from the accounts somewhere.

 

[Vienna_70]

A pig's ear as usual.

Brilliant!

 

[Prestwich_Blue]

According to http://www.bbc.co.uk/sport/0/football/34531770 "City say the club is now valued at £676m". I presume that's from the accounts somewhere.

That's the figure for net assets from the balance sheet. It's very simplistic to say that's the value of the club, it's just an accounting figure. There's no way the club said they were now valued at that amount. That BBC report is a pile of shite generally as it says we made a profit despite paying the UEFA fine of £16m. That fine was paid out of last year's accounts of course so had no bearing at all on these.

 

[Vienna_70]

This is how I imagine the negotiations for a new contract for the shirt sponsorship deal with Eithad would go:

Khaldoon Al Mubarak: "Your Highness, I think the shirt sponsorship City receives from Eithad should be increased".

HRH Sheikh Mansour: "OK. How much more should it be?"

Khaldoon: "£40 million per year"

HRH: "Fine. We'll get it sorted."