Accounts are out for 2017/18 - revenues over £500m, profit of £10.4m

jrb said:
At last! A well thought post after the news broke about this season’s revenues on the Rag Cafe City thread........


Their revenues are sky rocketing yet they can't fill their ground and they have nothing like the international footprint of the other big clubs.

Hmmmmm...

It’s blowing their minds.

34 years is long forgotten. Just empty seats and anything else they can come up with now.
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No international footprint of other big clubs? The mindset of rags to talk about size to make up for their lack of short comings in their own personal lives is hilarious, no international footprint? We have how many clubs world wide in the City football group, a lot of those supporters will probably now have some affinity with City being the champions of the most watched league in the world. No international footprint but the Chinese government decided to stick £400 million in which I am sure they are getting a return on now.

It must kill them that a club that was in the 3rd tier 20 years ago and nearly in administration a decade ago is now better run on field and off field than a club thats had sustained success since 1992.
 
willipp said:
Whys that?
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Because we made £40m profit on the sale of players last financial year, which is mainly from Iheanacho & Mooy. Without that, there's a £30m loss. This current financial year, the only major increase in revenue might come from CL, where I'd hope we do better than the QF and there's a change in the way they distribute prize money. But I predict that costs will also rise, meaning our operating profit is about the same. Player amortisation will probably increase and our transfer profit will be lower, around £30m unless we sell someone in January for a decent profit. So I'm guessing about a £15m pre-tax loss this FY at the moment.

My estimate for 2018 was a £20m profit but that was based on a transfer profit of £50m, not the £40m we recorded. For the 2020 FY, we should be back in profit due to the new Puma deal plus higher PL revenue from the new TV deal.
 
Prestwich_Blue said:
Because we made £40m profit on the sale of players last financial year, which is mainly from Iheanacho & Mooy. Without that, there's a £30m loss. This current financial year, the only major increase in revenue might come from CL, where I'd hope we do better than the QF and there's a change in the way they distribute prize money. But I predict that costs will also rise, meaning our operating profit is about the same. Player amortisation will probably increase and our transfer profit will be lower, around £30m unless we sell someone in January for a decent profit. So I'm guessing about a £15m pre-tax loss this FY at the moment.

My estimate for 2018 was a £20m profit but that was based on a transfer profit of £50m, not the £40m we recorded. For the 2020 FY, we should be back in profit due to the new Puma deal plus higher PL revenue from the new TV deal.
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Interesting. Presumably this explains our reluctance to give Sterling a large wage increase. We are actually quite tight for 2019 (FFP wise) it would seem.
 
Prestwich_Blue said:
Because we made £40m profit on the sale of players last financial year, which is mainly from Iheanacho & Mooy. Without that, there's a £30m loss. This current financial year, the only major increase in revenue might come from CL, where I'd hope we do better than the QF and there's a change in the way they distribute prize money. But I predict that costs will also rise, meaning our operating profit is about the same. Player amortisation will probably increase and our transfer profit will be lower, around £30m unless we sell someone in January for a decent profit. So I'm guessing about a £15m pre-tax loss this FY at the moment.

My estimate for 2018 was a £20m profit but that was based on a transfer profit of £50m, not the £40m we recorded. For the 2020 FY, we should be back in profit due to the new Puma deal plus higher PL revenue from the new TV deal.
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Cheers, really interesting. How do you think this effects our ability to invest in the side? Some big decisions coming up in terms of Fern and in the near future Serg. Some potential big investment to replace them.
 
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