City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

[mancitymick]

Re: City & FFP (continued)

Their pain and hurt is only set to increase. The best part about that, of course, is that we've all known this for quite a while.

The anticipation has, for me at least, been sheer agony.

My favourite post from the MuEN mate. Love it



hollieollo •19 hours ago




It is hard to believe anything said by City about their finances. The sudden increase in turnover is suspicious because they have not announced any earth shattering deals other than ones between companies from the same family. The whole thing is a sham to deceive EUFA and the FFP rules. There still has not been a decision on the ludicrous deal for the stadium naming rights, sold to themselves via yet another member of the same family.
City are basically insolvent; a bankrupt club surviving on handouts from a bunch of Arabs laundering their country`s oil revenues ready for the day the Arab Spring catches up and they are removed. No doubt they will have bought up most of Manchester in the process aided and abetted by the fawning, patronising council. As with everything to do with City it will end in tears one day. The next Rangers

 

[Stephenhakin]

Re: City & FFP (continued)

I love the one comment about the rags wages being big but because of how much they pay to staff in their commercial department!!! What a clown! So Di Maria, Falcao, Van Persie and Rooney on however many thousands of pounds a week has no bearing, it's actually Joe Bloggs head of commercial development and his £100,000 a year salary that puts their expenditure on wages so high!

Yet City are the only premier league club to pay all its staff a living wage. Strange how that never gets mentioned.

Yeah I didnt know this and there isnt much on the net about us being the only side. Shocker.

 

[Bilboblue]

Re: City & FFP (continued)

Their pain and hurt is only set to increase. The best part about that, of course, is that we've all known this for quite a while.

The anticipation has, for me at least, been sheer agony.

My favourite post from the MuEN mate. Love it



hollieollo •19 hours ago




It is hard to believe anything said by City about their finances. The sudden increase in turnover is suspicious because they have not announced any earth shattering deals other than ones between companies from the same family. The whole thing is a sham to deceive EUFA and the FFP rules. There still has not been a decision on the ludicrous deal for the stadium naming rights, sold to themselves via yet another member of the same family.
City are basically insolvent; a bankrupt club surviving on handouts from a bunch of Arabs laundering their country`s oil revenues ready for the day the Arab Spring catches up and they are removed. No doubt they will have bought up most of Manchester in the process aided and abetted by the fawning, patronising council. As with everything to do with City it will end in tears one day. The next Rangers

That's wonderful, I love his pain.

 

[Wilf Wild 1937]

Re: City & FFP (continued)

As with everything to do with City it will end in tears one day. The next Rangers

Rangers hit financial problems after winning 54 league titles. He may have a point.

 

[waspish]

Re: City & FFP (continued)

Their pain and hurt is only set to increase. The best part about that, of course, is that we've all known this for quite a while.

The anticipation has, for me at least, been sheer agony.

My favourite post from the MuEN mate. Love it



hollieollo •19 hours ago




It is hard to believe anything said by City about their finances. The sudden increase in turnover is suspicious because they have not announced any earth shattering deals other than ones between companies from the same family. The whole thing is a sham to deceive EUFA and the FFP rules. There still has not been a decision on the ludicrous deal for the stadium naming rights, sold to themselves via yet another member of the same family.
City are basically insolvent; a bankrupt club surviving on handouts from a bunch of Arabs laundering their country`s oil revenues ready for the day the Arab Spring catches up and they are removed. No doubt they will have bought up most of Manchester in the process aided and abetted by the fawning, patronising council. As with everything to do with City it will end in tears one day. The next Rangers

If he had a Brian he would know Uefa have gone through our books with a fine tooth pick so it's all above board..

 

[LoveCity]

Re: City & FFP (continued)

Is this true from Forbes? I have little understanding of business but thought United's operating profit would be still better than ours, unless it's the debt?

Manchester City Now More Profitable Than Manchester United

Manchester City is the new king of England–at least when it comes to cash-flow.

Yesterday, Manchester City reporting operating income (in the sense of earnings before player transfers, interest, taxes, depreciation and amortization) of $218 million for the fiscal year ending June, 2014 (translated to U.S. dollars using 1 BP = $1.57 U.S.). A year ago, City posted an operating loss of $18 million.

In contrast, rival Manchester United, the previous king of cash in the Premiership, posted operating income for 2013-14 was $204 million. Arsenal, also highly profitable, generated operating income of $97 million.

What about the other top English teams? Liverpool has not reported full 2013-14 financials, but they did not qualify for the 2013-14 Champions League and this their operating income will not approach the levels of City or United. Chelsea were among the top earners in the 2013-14 Champions League and reported record revenue of $502 million and an increase in net income, so it is possible that they could surpass Manchester City.

Manchester City captured the Barclays Premier League last season enabling the team to grab $152 million in prize money from the Premiership last year, 66% more than the 2012-13 season. In addition, Manchester City’s sponsorship revenue for the year came in at $213 million, an increase 49% over the previous year, primarily due to the activation of several new global and regional sponsorships, higher sponsorship renewals and a significant increase from the pre-season tour.

 

[mancitymick]

Re: City & FFP (continued)

Their pain and hurt is only set to increase. The best part about that, of course, is that we've all known this for quite a while.

The anticipation has, for me at least, been sheer agony.

My favourite post from the MuEN mate. Love it



hollieollo •19 hours ago




It is hard to believe anything said by City about their finances. The sudden increase in turnover is suspicious because they have not announced any earth shattering deals other than ones between companies from the same family. The whole thing is a sham to deceive EUFA and the FFP rules. There still has not been a decision on the ludicrous deal for the stadium naming rights, sold to themselves via yet another member of the same family.
City are basically insolvent; a bankrupt club surviving on handouts from a bunch of Arabs laundering their country`s oil revenues ready for the day the Arab Spring catches up and they are removed. No doubt they will have bought up most of Manchester in the process aided and abetted by the fawning, patronising council. As with everything to do with City it will end in tears one day. The next Rangers

If he had a Brian he would know Uefa have gone through our books with a fine tooth pick so it's all above board..

Brain :)

 

[Burnage Burnsy]

Re: City & FFP (continued)

Their pain and hurt is only set to increase. The best part about that, of course, is that we've all known this for quite a while.

The anticipation has, for me at least, been sheer agony.

My favourite post from the MuEN mate. Love it



hollieollo •19 hours ago




It is hard to believe anything said by City about their finances. The sudden increase in turnover is suspicious because they have not announced any earth shattering deals other than ones between companies from the same family. The whole thing is a sham to deceive EUFA and the FFP rules. There still has not been a decision on the ludicrous deal for the stadium naming rights, sold to themselves via yet another member of the same family.
City are basically insolvent; a bankrupt club surviving on handouts from a bunch of Arabs laundering their country`s oil revenues ready for the day the Arab Spring catches up and they are removed. No doubt they will have bought up most of Manchester in the process aided and abetted by the fawning, patronising council. As with everything to do with City it will end in tears one day. The next Rangers

If he had a Brian he would know Uefa have gone through our books with a fine tooth pick so it's all above board..

Or does he have a Wodewick??

 

[Matty]

Re: City & FFP (continued)

Their pain and hurt is only set to increase. The best part about that, of course, is that we've all known this for quite a while.

The anticipation has, for me at least, been sheer agony.

My favourite post from the MuEN mate. Love it



hollieollo •19 hours ago




It is hard to believe anything said by City about their finances. The sudden increase in turnover is suspicious because they have not announced any earth shattering deals other than ones between companies from the same family. The whole thing is a sham to deceive EUFA and the FFP rules. There still has not been a decision on the ludicrous deal for the stadium naming rights, sold to themselves via yet another member of the same family.
City are basically insolvent; a bankrupt club surviving on handouts from a bunch of Arabs laundering their country`s oil revenues ready for the day the Arab Spring catches up and they are removed. No doubt they will have bought up most of Manchester in the process aided and abetted by the fawning, patronising council. As with everything to do with City it will end in tears one day. The next Rangers

If he had a Brian he would know Uefa have gone through our books with a fine tooth pick so it's all above board..

 

[nobody can eat fifty eggs]

Re: City & FFP (continued)

Is this true from Forbes? I have little understanding of business but thought United's operating profit would be still better than ours, unless it's the debt?

Manchester City Now More Profitable Than Manchester United

Manchester City is the new king of England–at least when it comes to cash-flow.

Yesterday, Manchester City reporting operating income (in the sense of earnings before player transfers, interest, taxes, depreciation and amortization) of $218 million for the fiscal year ending June, 2014 (translated to U.S. dollars using 1 BP = $1.57 U.S.). A year ago, City posted an operating loss of $18 million.

In contrast, rival Manchester United, the previous king of cash in the Premiership, posted operating income for 2013-14 was $204 million. Arsenal, also highly profitable, generated operating income of $97 million.

What about the other top English teams? Liverpool has not reported full 2013-14 financials, but they did not qualify for the 2013-14 Champions League and this their operating income will not approach the levels of City or United. Chelsea were among the top earners in the 2013-14 Champions League and reported record revenue of $502 million and an increase in net income, so it is possible that they could surpass Manchester City.

Manchester City captured the Barclays Premier League last season enabling the team to grab $152 million in prize money from the Premiership last year, 66% more than the 2012-13 season. In addition, Manchester City’s sponsorship revenue for the year came in at $213 million, an increase 49% over the previous year, primarily due to the activation of several new global and regional sponsorships, higher sponsorship renewals and a significant increase from the pre-season tour.

PB can maybe confirm this? If this is true from Forbes and we are indeed more profitable we've cracked it!