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

[chaddblue]

If you were to detach yourself from being a blue and look at what we've achieved in ten years without any bias or influence from haters.... what our owners have done is absolutely fucking mindblowing

 

[Vienna_70]

Sshhhh, people like undeservedly slagging Wardle off.

I know.

That’s why I posted my little reminder.

 

[Marvin]

A couple of snippets from skim reading the annual report:

City had more than 125,000 unique supporters in home areas of the Etihad last season.

City have 1.95 million members worldwide (Cityzens). To put this in context I googled Barcelona members and they have 144,000. Our is a free membership scheme but still a pretty amazing statistic.

 

[Hart of the Matter]

Am i the only one who is slightly disappointed in these margins on such a high turn over. Gives us little wriggle room and makes a 'big name' signing less likely (Mbappe). What head room does this give us for serviceable debt (like united)?

 

[Jalfraag]

Am i the only one who is slightly disappointed in these margins on such a high turn over. Gives us little wriggle room and makes a 'big name' signing less likely (Mbappe). What head room does this give us for serviceable debt (like united)?

What's the point making high profits? It's not like our owner needs to prop up failing strip malls. Investing and growing the value of an asset is the better long-term strategy.

 

[Hart of the Matter]

What's the point making high profits? It's not like our owner needs to prop up failing strip malls. Investing and growing the value of an asset is the better long-term strategy.

Investing in future growth perhaps. We do not make huge amounts from player sales thankfully so our future stars need to be funded from our other operations. In a hyper inflation on prices and wages we need to accumulate more (unless we now sell some prized asset into the rising market.)

 

[Prestwich_Blue]

Am i the only one who is slightly disappointed in these margins on such a high turn over. Gives us little wriggle room and makes a 'big name' signing less likely (Mbappe). What head room does this give us for serviceable debt (like united)?

I think there are things to be a little concerned about in the accounts. Expenses are rising as fast as revenue. If we could keep expenses level while our turnover increases then profits and cash-flow would be a lot better. We also had to be funded externally (by Abu Dhabi) to buy Laporte, something that hasn't been necessary for a few years.

But think of football as a business like a fashion business where you need to turnover your stock regularly to stay in the game. Also if I run a corner shop and take £10k a week, I'd make loads of profit if I only put £1k back into stock my margins would look fantastic but I'd have nothing on the shelves and no one would come in.

But, as I said on the 93:20 podcast, when you take our 2017 summer spending, plus Laporte, that people were saying "How can they do that and still pass FFP" about, it only added £8m to our overall player costs (wages plus amortisation). Our margin is low because we've invested heavily in the squad. Hopefully it shouldn't need a massive overhaul for a few years.

 

[Jalfraag]

I think there are things to be a little concerned about in the accounts. Expenses are rising as fast as revenue. If we could keep expenses level while our turnover increases then profits and cash-flow would be a lot better. We also had to be funded externally (by Abu Dhabi) to buy Laporte, something that hasn't been necessary for a few years.

But think of football as a business like a fashion business where you need to turnover your stock regularly to stay in the game. Also if I run a corner shop and take £10k a week, I'd make loads of profit if I only put £1k back into stock my margins would look fantastic but I'd have nothing on the shelves and no one would come in.

But, as I said on the 93:20 podcast, when you take our 2017 summer spending, plus Laporte, that people were saying "How can they do that and still pass FFP" about, it only added £8m to our overall player costs (wages plus amortisation). Our margin is low because we've invested heavily in the squad. Hopefully it shouldn't need a massive overhaul for a few years.

LaPorte was unusual in that the full amount to be paid up front was it not?

 

[Pablo ZZZ Peroni]

I think there are things to be a little concerned about in the accounts. Expenses are rising as fast as revenue. If we could keep expenses level while our turnover increases then profits and cash-flow would be a lot better. We also had to be funded externally (by Abu Dhabi) to buy Laporte, something that hasn't been necessary for a few years.

But think of football as a business like a fashion business where you need to turnover your stock regularly to stay in the game. Also if I run a corner shop and take £10k a week, I'd make loads of profit if I only put £1k back into stock my margins would look fantastic but I'd have nothing on the shelves and no one would come in.

But, as I said on the 93:20 podcast, when you take our 2017 summer spending, plus Laporte, that people were saying "How can they do that and still pass FFP" about, it only added £8m to our overall player costs (wages plus amortisation). Our margin is low because we've invested heavily in the squad. Hopefully it shouldn't need a massive overhaul for a few years.

I enjoyed the pod as always PB. Nice one.
I presume you've seen SwissRamble's latest take on the new Champions League distribution for 18/19. 5 wins and a loss in the group stages and a quarter final exit leads to us earning €96.2million distribution. He is basing his estimate assuming Liverpool did as well as last year. If not and we went on to win it we are looking at another €27million prize money + potential €4.5 million for Super Cup + increase in the TV Pool. Literally could be heading for €130million which is huge.

 

[blueparrot]

I enjoyed the pod as always PB. Nice one.
I presume you've seen SwissRamble's latest take on the new Champions League distribution for 18/19. 5 wins and a loss in the group stages and a quarter final exit leads to us earning €96.2million distribution. He is basing his estimate assuming Liverpool did as well as last year. If not and we went on to win it we are looking at another €27million prize money + potential €4.5 million for Super Cup + increase in the TV Pool. Literally could be heading for €130million which is huge.

I could probably find it but being a bit lazy how does €96.2 mill compare to last seasons c/l income.

Forget that just seen it in the chart.