CFG make huge capital investments around the world to bring member clubs up to scratch. NYFC investment in the block and stadium is about £900m.
2024/25 Annual report - £694.1m revenue, £9.9m loss
- Thread starter M18CTID
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wolviedinho
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Peanuts to them.
abu13
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Pretty worrying that we still post a loss even after making up sponsorship deals, paying players off the books and slipping everyone brown envelopes.
Dread to think what the real losses were :)
Dread to think what the real losses were :)
Rodri’s ACL
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Very interesting excerpt from page 8:
RISKS AND UNCERTAINTIES
The Board acknowledges that there are a number of risks and uncertainties which
could have a material impact on the Club’s performance. The Club’s income is affected
by the performance of the first team because significant revenues are dependent
upon strong team performances in the Premier League, domestic and European Cup
competitions. The Club is regulated by the rules of the FA, Premier League, UEFA, and FIFA.
Any change to these regulations could have an impact as the regulations cover areas such as: the distribution of broadcasting income, the eligibility of players, and the operation of the transfer market. The Club monitors its compliance with all applicable rules and regulations on a continuous basis and considers the impact of any potential changes.
On 6 February 2023, in accordance with Premier League Rule W.82.1, the Premier League referred a number of alleged breaches of the Premier League Rules by Manchester City to a Commission under Premier League Rule W.3.4.
In February 2023, in response to the charges, the Club issued a public statement that it welcomes the review of this matter by an independent Commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position.
That’s a rather confident statement (credit to @adamthecco online)
RISKS AND UNCERTAINTIES
The Board acknowledges that there are a number of risks and uncertainties which
could have a material impact on the Club’s performance. The Club’s income is affected
by the performance of the first team because significant revenues are dependent
upon strong team performances in the Premier League, domestic and European Cup
competitions. The Club is regulated by the rules of the FA, Premier League, UEFA, and FIFA.
Any change to these regulations could have an impact as the regulations cover areas such as: the distribution of broadcasting income, the eligibility of players, and the operation of the transfer market. The Club monitors its compliance with all applicable rules and regulations on a continuous basis and considers the impact of any potential changes.
On 6 February 2023, in accordance with Premier League Rule W.82.1, the Premier League referred a number of alleged breaches of the Premier League Rules by Manchester City to a Commission under Premier League Rule W.3.4.
In February 2023, in response to the charges, the Club issued a public statement that it welcomes the review of this matter by an independent Commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position.
That’s a rather confident statement (credit to @adamthecco online)
asahartford1
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All the Clubs built in the mirror image, costs a fortune, won't see the benefit for another 10 years.
They aim for capital appreciation, so annual profits in the shorter term are not relevant to CFG. If you do the sums for City, about £1.3 billion has turned into £3bn. ( Don’t rely on my figures, but the principle is clear)
halfcenturyup
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It's the exact same statement that was in there last year. And the year before, iirc. Nothing new.
asahartford1
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I was chatting to a couple of top level executives a couple of years back when I had some dealings.
I was fascinated to listen to them about the developments abroad. The scale , detail and subsequent costs.
Clearly a gamble, but the aim is that the top young talent from these places want to attend the academies, for the sporting and educational opportunity on offer.
Even processes like safeguarding are all mirror imaging MCFC.
Rammy Blue
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Got to get those wages down a bit.
They did go down a little from the previous season but the broadcasting and net interest seem to be the biggest changes.
Need to go further in the Champions league to up the tv money.
Kinkys Left Foot
Well-Known Member
MCFC Finances
Manchester City’s 2024/25 accounts cover a season when they finished third in the Premier League and reached the FA Cup final, where they were surprisingly beaten by Crystal Palace.
On the international stage, they advanced to the knockout round of the Champions League, where they were eliminated by Real Madrid, while they also reached the last 16 in the expanded FIFA Club World Cup, where they lost to Saudi club Al-Hilal.
For most clubs, this would be a more than satisfactory season, but City admitted that this represented a “disappointing outcome”, which was perfectly understandable, considering that they had won the league six times in the previous seven years.
Indeed, Khaldoon Al Mubarak described this as “a testing one for Manchester City, with our men’s first team ending the season without a trophy for the first time in eight years.”
The chairman added, “There is no doubt that last season’s football results were less than we had hoped for.”
His view was echoed by chief executive Ferran Soriano, who drily commented, “We saw results on the pitch that were below our expectations.”
Revenue also fell £21m (3%) from a club record £715m to £694m, exacerbated by a £10m (1%) increase in operating expenses from £780m to £790m, while net finance costs more than doubled from £5m to £12m.
[/td]
That said, there were reductions in all three revenue streams, especially broadcasting, which fell £16m (5%) from £295m to £279m. Commercial also dropped £5m (1%) from £345m to £340m, while match day slightly decreased from £75.6m to £75.1m.
Less success (and therefore lower performance bonuses) was also a factor in the reduction in the wage bill, which dropped £5m (1%) from £413m to £408m, but player amortisation further increased by £5m (3%) from £165m to £170m. There was also an increase in other expenses, which rose £7m (4%) from £190m to £197m.
Only two Premier League clubs have so far published accounts for 2024/25 (City and their neighbours, Manchester United), so comparisons with all the others are based on the latest available figures from the 2023/24 season.
However, it is evident that City’s £10m pre-tax loss is actually one of the better results in England’s top flight. United lost £40m last season, while four clubs posted losses above £50m in 2023/24, namely Aston Villa £86m, Bournemouth £66m, Liverpool £57m and Everton £53m...
Manchester City Finances 2024/25
Manchester City’s 2024/25 accounts cover a season when they finished third in the Premier League and reached the FA Cup final, where they were surprisingly beaten by Crystal Palace.
On the international stage, they advanced to the knockout round of the Champions League, where they were eliminated by Real Madrid, while they also reached the last 16 in the expanded FIFA Club World Cup, where they lost to Saudi club Al-Hilal.
For most clubs, this would be a more than satisfactory season, but City admitted that this represented a “disappointing outcome”, which was perfectly understandable, considering that they had won the league six times in the previous seven years.
Indeed, Khaldoon Al Mubarak described this as “a testing one for Manchester City, with our men’s first team ending the season without a trophy for the first time in eight years.”
The chairman added, “There is no doubt that last season’s football results were less than we had hoped for.”
His view was echoed by chief executive Ferran Soriano, who drily commented, “We saw results on the pitch that were below our expectations.”
Profit/(Loss) 2024/25
City’s less successful results on the pitch contributed to a deterioration in the club’s financials, as they swung from a hefty £74m pre-tax profit to a £10m loss, but the main factor was a £44m reduction in profit on player sales from £139m to £95m.Revenue also fell £21m (3%) from a club record £715m to £694m, exacerbated by a £10m (1%) increase in operating expenses from £780m to £790m, while net finance costs more than doubled from £5m to £12m.
[/td]
That said, there were reductions in all three revenue streams, especially broadcasting, which fell £16m (5%) from £295m to £279m. Commercial also dropped £5m (1%) from £345m to £340m, while match day slightly decreased from £75.6m to £75.1m.
[td]
[/td]
[/td]
Less success (and therefore lower performance bonuses) was also a factor in the reduction in the wage bill, which dropped £5m (1%) from £413m to £408m, but player amortisation further increased by £5m (3%) from £165m to £170m. There was also an increase in other expenses, which rose £7m (4%) from £190m to £197m.
Only two Premier League clubs have so far published accounts for 2024/25 (City and their neighbours, Manchester United), so comparisons with all the others are based on the latest available figures from the 2023/24 season.
However, it is evident that City’s £10m pre-tax loss is actually one of the better results in England’s top flight. United lost £40m last season, while four clubs posted losses above £50m in 2023/24, namely Aston Villa £86m, Bournemouth £66m, Liverpool £57m and Everton £53m...
Gordyola
Well-Known Member
The below is from a FoI about the Etihad lease costs after it was renegotiated and anwers the question as there is a variation depending on the number of games
“Yes. There are variable payments made dependent on the club's participation and performance in European Competition. Additional rental income associated with the club's participation in the Champions League for the 2014/15 financial year is detailed in the above table”
Hunt SOLA33E8J.doc
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