Annual report released - record turnover of £535.2m for 2018/19

[PannickAtTheDisco]

Can someone explain how the rags post profit of £185m and us just £10m tho both revenues roughly the same with them having a higher wage bill.

Dividends v reinvesting back into your project.

 

[Prestwich_Blue]

Isn’t it easier though for the Sheikh to introduce funds to the CFG via the other clubs that are outside of FFP constraints?

We don't know, as we can only see CFG's accounts and City's. Nor do I know if the leagues or other governing bodies covering the other clubs have any rules on introduction of funds. But why would City then take out loans on behalf of the other clubs if ADUG could do that?

 

[Prestwich_Blue]

Can someone explain how the rags post profit of £185m and us just £10m tho both revenues roughly the same with them having a higher wage bill.

You're presumably talking about what the rags describe as 'earnings', which is revenue plus profit on transfers (or minus losses) less expenses but not including amortisation, depreciation, interest or taxation. Otherwise known as EBITDA. Ours is £143m on the same basis as they use.

 

[uwe rosler 28]

You're presumably talking about what the rags describe as 'earnings', which is revenue plus profit on transfers (or minus losses) less expenses but not including amortisation, depreciation, interest or taxation. Otherwise known as EBITDA. Ours is £143m on the same basis as they use.

Thanks pb was hoping u could explain it to me.

 

[chesterbells]

Is he? I don't think I've seen any allegiance from him, just that it's better clickwise for the BBC to have him follow Utd around rather than City.

Er, no. He’s a red.

 

[Rammy Blue]

We don't know, as we can only see CFG's accounts and City's. Nor do I know if the leagues or other governing bodies covering the other clubs have any rules on introduction of funds. But why would City then take out loans on behalf of the other clubs if ADUG could do that?

My guess would be that we attempt to be self sustaining, obviously being the correct model, however should the need arise then the Sheikh can raid the piggy bank.

 

[Jim Tolmie's Underpants]

£45m a year Puma deal, I thought it was more than that...

Don't tell FIFA.

 

[Rolee]

Can anyone explain how the wage bill rose so dramatically in 12 months?

 

[davek1808]

Can anyone explain how the wage bill rose so dramatically in 12 months?

Bonuses and improved contracts I would presume.

 

[Rolee]

Bonuses and improved contracts I would presume.

Bonuses wouldn't have been that different to the previous year though? We're up almost 20% on the previous year.